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U-Ming Marine Transport Corporation (U-Ming), formerly named as Yue Ming Transportation Co., was established in 1984 to provide marine transportation of cement, dry commodities and industrial raw materials, specializing in the trading of vessels and providing agency services.

Cement Carriers
As of todate, U-Ming owns a total of five cement carriers namely, “Asia Cement No. 1”, “Asia Cement No. 2”, “Asia Cement No. 3”, “Asia Cement No. 5” and  “Asia Cement No. 6” . They are equipped with the most advanced self-loading/unloading facilities to provide comprehensive network coverage and logistical support to the Asia Cement’s west-bound cement shipments and export to Japan, Hong Kong and Singapore markets.

Post-Panamax, Panamax, Kamsarmax & Supramax Bulk Carriers
To diversify and expand our operations into the global market, U-Ming acquired Post-Panamax, Panamax and Kamsarmax vessels since 1984. Currently, the Company owns ten vessels namely “Cemtex Sincerity”, “Cemtex Diligence”, “Cemtex Thrift”, “Cemtex Prudence”, “Cemtex Pioneer”, “Cemtex Wisdom”, “Cemtex Venture”, “Cemtex Orient”  “Cemtex Innovation and “Cemtex Creation”. Together with another two Supramax vessels namely,  “Asian Champion” and "Asian Triumph." These vessels are gainfully deployed in the dry bulk market carrying various types of dry commodities such as iron ore, coal and grain shipments worldwide.

Capesize Bulk Carriers
In anticipation of the worldwide requirements for shipping raw materials, U-Ming has also acquired a series of Cape-sized bulk fleet since its incorporation. Currently, the Company has fourteen Cape-sized bulk carriers namely, “Cape Cathay”, “Cape Jupiter”, “Cape Venus”, “Cape Mercury”, “Cape Mars”, “Cape Saturn”, “Cape Globe”, “Cape Neptune”, “Cape Stars”, “Cape Splendor”, “Cape Australia”, “Cape America”, “Cape Europe and “Cape India”.
In our joint ventures with other companies, we have also acquired three Cape-sized bulk carriers.

To enhance our competitiveness and diversification, U-Ming had purchased one Very Large Crude Carrier(VLCC)- Starlight Venture and go into the oil-carried business fully. Now U-Ming owns and operates a total of 51 vessels with a total of 6.36 million DWT including 12 bulk carriers under construction. This is in line with the Company’s policy in maintaining a young and efficient fleet.

Corporate Development
U-Ming was publicly listed at the Taiwan’s Stock Exchange on 8th December 1990 and is one of the eight listed public companies within the Far Eastern Group. The Company’s philosophy is firmly established from the foundation of Far Eastern Group’s motto, “Sincerity, Diligence, Thrift, Prudence and Innovation”. With this motto, we are committed to attaining a higher value of the Company and thus set our minds on “Value-Adding” to our customers, employees and shareholders as our corporate philosophy.

With the establishment of its two fully owned subsidiaries, U-Ming Marine Transport (Singapore) Private Limited and U-Ming Marine Transport (Hong Kong) Limited and U-Ming Marine (Xiamen) Service Corporation, Ltd. was established in 2011.

As well as expanding our investment activities through strategic alliance and joint venture companies with our partners. While dry bulk shipping will remain as our core competency, our vision is to turn the Company into a world-class transportation and logistic company, hence becoming the first choice for customers, employees and investors.

1. Established Date: 29th August 1968

2. Operations:

  (1)  Marine Transportation

  (2)  Ships’ Sales and Purchase

  (3)  G401011 Ship Agency

  (4)  ZZ99999 To carry on the businesses which are not prohibited or  restricted by law except for the services licensed under approval.

3.  History:

1968

Aug.

  • Yue Ming Transportation Co. was established.

1980

Jul.

  • 6,100 DWT Cement Carrier “Asia Cement No. 1” was delivered.

1984

Jul.

  • U-Ming Marine Transport Corporation was established to concentrate on marine transportation.

 

 

  • 66,000 DWT  Panamax Bulk Carrier “Cemtex Yuan” was delivered.

1987

Sep.

  • 11,000 DWT Cement Carrier “Asia Cement No. 2” was delivered.

1989

Jan.

  • 66,000 DWT Panamax Bulk Carriers “Cemtex Hunter” and “Cemtex Leader” were delivered.

 

May

  • 12,000 DWT Cement Carrier “Asia Cement No. 3” was delivered.

 1990

Oct.

  • 149,000 DWT Capesize Bulk Carrier “Cape Australia” was delivered.

 

Dec.

  • Public-listed in the Taiwan Stock Exchange Corporation.

1991

Feb.

  • 149,000 DWT Capesize Bulk Carrier “Cape America” was delivered.

1993

Mar.

  • 12,000 DWT Cement Carrier “Asia Cement No. 5” was delivered.

 

Jul.

  • Acquired China Fortune Maritime Transport Ltd.

 

Aug.

  • 149,000 DWT Capesize Bulk Carrier “Cape Europe” was delivered.

 

Nov.

  • 149,000 DWT Capesize Bulk Carrier “Cape Cathay” was delivered.

1994

Jan.

  • U-Ming Marine Transport (Singapore) Pte Ltd was established.

 

Apr.

  • U-Ming Marine Transport (Singapore) Pte Ltd was awarded the “Approved International Shipping Enterprise Status” in Singapore.

 

Jul.

  • 149,000 DWT Capesize Bulk Carrier “Cape Oceania” was delivered.

1995

Apr.

  • Yue Li Investment Corporation was established.

 

Dec.

  • 12,000 DWT Cement Carrier “Asia Cement No. 6” was delivered.

1996

Jan.

  • 45,000 DWT Handymax Bulk Carrier “Asian Glory” was delivered.

  Mar.
  • 45,000 DWT Handymax Bulk Carrier “Asian Excelsior” was delivered.

 

Dec.

  • 172,000 DWT Capesize Bulk Carrier “Cape Venus” was delivered.

1997

Mar.

  • 172,000 DWT Capesize Bulk Carrier “Cape Jupiter” was delivered.

 

Dec.

  • 165,000 DWT Capesize Bulk Carrier “Cape Mercury” was delivered.

1998

Jan.

  • 71,000DWT Panamax Bulk Carrier “Cemtex Renaissance” was delivered.

 

May

  • 19,000 DWT Cement Carrier “Asia Cement No. 7” was delivered.

1999

May

  • 80,000 DWT Panamax Bulk Carrier “Cemtex Sincerity” was delivered.

 

Nov.

  • 80,000 DWT Panamax Bulk Carrier “Cemtex Diligence” was delivered.

 

Dec.

  • Yue Tung Investment Corporation was established.

2000

May

  • 80,000 DWT Panamax Bulk Carrier “Cemtex Thrift” was delivered.

 

Jul.

  • 80,000 DWT Panamax Bulk Carrier “Cemtex Prudence” was delivered.

2001

Nov.

  • Enterprise Resource Planning (ERP) System on-line.

2003

Mar.

  • U-Ming Marine Transport (Hong Kong) Limited was established.

 

Jul.

  • 175,000 DWT Capesize Bulk Carrier “Cape Mars” was delivered.

 

Nov.

  • 175,000 DWT Capesize Bulk Carrier “Cape Saturn” was delivered.

2004

Apr.

  • 77,000 DWT Panamax Bulk Carrier “Cemtex Pioneer” was delivered.

 

Jun.

  • 77,000 DWT Panamax Bulk Carrier “Cemtex Wisdom” was delivered.

 

Nov.

  • 318,000 DWT Very Large Crude Carrier “Starlight Venture” was delivered (JV).

 2005

Oct.

  • Acquired “Operating Headquarter Status” in Taiwan.

 

 

  • Nominated amongst “150 Leading Asian Companies” in the Business Week Asian Edition.

 

Nov.

 

  • Awarded Forbes Asia’s “200 Best Under A Billion” under the category of the list companies with annual revenue below US$1 billion in the Asia Pacific region.

 

 

  • Purchased 71,535 DWT Panamax Bulk Carrier “Cemtex General” .

2007

Mar.

  • 175,000 DWT Capesize Bulk Carrier “Cape Shanghai” was delivered (JV)

 2009

Mar.
  • U-Ming’s nine carriers of R.O.C flag had been approved to directly shipping between Taiwan and China.

 

May
  • U-Ming Marine Transport Corporation Xiamen Representative Office was established.

 

Jun.
  • Subsidiary - OSPL purchased one 318,000 DWT Very Large Crude Carrier (VLCC) – Starlight Venture.

   
  • Awarded Second Place of “Outstanding financial performance” in the Marine Money International.

2010

Jun.
  • Purchased 74,000 DWT Panamax Bulk Carrier“Cemtex Venture” from JV.

   
  • Awarded the Certificate of Corporate Governance System CG6005 from the Taiwan Corporate Governance Association (TCGA).

   
  • Overall Performance Rankings third place on the Marine Money International.

  Jul.
  • Ordered two 82,000 DWT Kamsarmax vessels with CSSC Guangzhou Longxue Shipbuilding.

   
  • Ordered four 206,000 DWT Capesize vessels with Shanghai Waigaoqiao Shipbuilding.

   
  • Established the joint venture company "Global Energy Maritime Co., Ltd." with CPC and Chinese Maritime Transport Ltd.

 

Aug.

  • 177,000 DWT Capesize Bulk Carrier “Cape Victory” was delivered.(JV)

 

Oct.

  • Awarded the "2010 Most Admired Company Survey-the transportation sector" from the CommonWealth Magazine.

2011

Mar.

  • Entrusted Taipower company "TAIPOWER PROSPERITY V" & "TAIPOWER PROSPERITY VII" bulk carriers to operation.

 

Jul.

  • 176,000 DWT Capesize Bulk Carrier “Cape Asia” was delivered.(JV)

  Sep.
  • U-Ming Marine (Xiamen) Service Corporation, Ltd. was established.

 2012

Feb.
  • Ordered four 186,300 DWT Capesize vessels(plus six owner's options) with Shanghai Waigaoqiao Shipbuilding.

Jul.

  • 57,000 DWT Supramax size Bulk Carrier “Asian Champion” Christening and Delivery Ceremony & “Asian Triumph” Christening Ceremony was held in Zhoushan. 

 

Oct.

  • Christening and Delivery Ceremony of 206,000 DWT Cape size Bulk Carrier M.V.“CAPE GLOBE" was held in Shanghai. 

 

Nov.

  • Order of Two Units Plus Option Two Units of 83,800 DWT Bulk Carriers with Sumitomo Corp. 

 

Nov.

  • Acquisition of One 98,000 DWT Bulk Carrier 

 2013

Apr.
  • Christening and Delivery Ceremony of 206,000 DWT Cape size Bulk Carrier M.V.“CAPE NEPTUNE" was held in Shanghai.
 

Jun.

  • Ceremony for Christening & Delivery of M.V. “Cemtex Innovation” and Christening of M.V. “Cemtex Creation” was held in Guangzhou. 

 

Jul.

  • Ordered Four 186,300 DWT Bulk Carriers with Shanghai Waigaoqiao Shipbuilding Co, Ltd. 

  Oct.
  • Christening and Delivery Ceremony of 206,000 DWT Cape size Bulk Carrier M.V.“CAPE STARS" was held in Shanghai.
 

Dec.

  • Order of Four Units s of 62,000 DWT Bulk Carriers with Sumitomo Corp. 

  2014 Jan.
  • Christening and Delivery Ceremony of 206,000 DWT Cape size Bulk Carrier M.V.“CAPE STARS" was held in Shanghai.
 

Mar.

  • Ceremony for Christening & Delivery of M.V. “CAPE AUSTRALIA” and Christening of M.V. “CAPE AMERICA” was held in Shanghai

 

Apr.

  • Ceremony for Christening & Delivery of M.V. “CAPE EUROPE” and Christening of M.V. “CAPE INDIA” was held in Shanghai

 
 
29TH FL.,TAIPEI METRO TOWER, 207, TUN HWA S. RD., SEC.2,TAIPEI 106, TAIWAN, R.O.C.
TEL: (8862)2733-8000 FAX: (8862)2735-9900
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