Company attributes
Other attributes
History
The company was founded in 1972 as a shipping line, but has historical links through its merger with the China Merchants Steam Navigation Company (1872–1995), which dates back to the Qing Dynasty.
Yang Ming currently operates 101 container ships up to 14,000 twenty-foot equivalent units (TEU) and 17 bulk carriers.
In between July and September 2018, Yang Ming agreed to offer a service from the Port of Keelung, Taiwan, to the US for two batches of nearly 20 containers each, containing over 1700 unused nuclear fuel rods, after the Taiwan Power Company decided to close its fourth nuclear plant.[1] Safety concerns for possible leakage of radioactive materials were raised, and the first shipment was attended by over 200 police officers and company officers.
On 10 March 2019, Yang Ming has welcomed two additional 14,000 TEU vessels in its fleet, YM Warranty and YM Wellspring. The ships have been built in Japan at Imabari Shipbuilding, at a cost of nearly $99 million each. The additional tonnage is composed of sisters of the previously delivered YM Wellbeing, YM Wonderland and YM Wisdom.
In May 2019, under the scope of improving its network, an agreement with the Canadian Pacific Railway was reached to have containers moved by rail from the Port of Vancouver eastbound to all Canada
