Yang Ming Marine Transport Corporation, Taiwan’s second-largest liner operator, has announced that its current chairman, Bronson Hsieh will retire on 1 October, and he will be succeeded by Cheng Cheng-Mount, the current deputy minister of Taiwan’s National Development Council.
Through various entities, the Taiwanese government has a stake of approximately 48% in Yang Ming. Since Yang Ming’s listing on the Taiwan Stock Exchange in 1992, Cheng is the company’s first chairman to have a non-shipping background.
Hsieh, formerly vice-chairman of Evergreen Marine Corporation, was appointed Yang Ming’s chairman in 2016. Now aged 69, Hsieh is past Taiwan’s retirement age.
The chairman has been assuming more responsibilities since February 2020, when Yang Ming’s former general manager Vincent Lin was reportedly asked to resign.
Cheng holds a master’s degree in economics from the University of Wisconsin-Madison and prior to entering politics, was a research fellow with Taiwan Institute of Economic Research, chief economist at Citibank Taiwan, as well as president of Academy of Banking and Finance and then the Agricultural Bank of Taiwan.
Yang Ming Overview
Yang Ming Marine Transport Corporation (Yang Ming) was established on December 28, 1972.
Since that time, our staff members across the world have observed our core value of “Teamwork, Innovation, Integrity and Pragmatism” in enhancing our transportation expertise and service quality. We have dedicated ourselves to providing global and sophisticated marine transportation services. By providing our customers with high-quality “punctual, speedy, reliable, and economical” services, Yang Ming has become one of the leading shipping companies in the world.
At June of 2020, Yang Ming operates a fleet of 95 vessels with a 7.03-million-D.W.T / operating capacity 616 thousand TEUS, of which container ships are the mains service force.
As a result of our effort to enhance our global competitiveness, Yang Ming has won the following awards and certificates since 1996: National Outstanding Quality Award of R.O.C. (Taiwan), International management code for the safe operation of ships and for pollution prevention (ISM Code), International Ship and Port Facility Security Code (ISPS Code), ISO 9001 Quality Management, ISO 14001 Environmental Management, ISO 27001 Certificate for Information Security Management System, TOSHMS 2011 Certificate for Taiwan Occupational Safety and Health Management System, and ISO 45001 for Occupational Health & Safety Management System, Customs – Trade Partnership Against Terrorism(C-TPAT), Authorized Economic Operator(AEO).