The Group's transportation business commenced at serving cement customers both at home and abroad, from domestic land transportation expanding to offshore sea transportation. The materials shipped began with cement products, later extended to bulk and industrial products.
U-Ming Marine Transport is the flagship company for the Group's sea/land transportation business, mainly shipping dry bulk such as iron ores, coal and grains. Its fleet comes in various types including Capesize, Panamax, Handysize and cement bulk carriers. Also, the Company has spanned into oil tanker and other transportation-related arenas through forming joint ventures and long-term leases. With 32 vessels and a shipping capacity of 3.36 million DWT, it is Taiwan's largest listed bulk shipping company with the fullest range of carriers.
After establishing a Singaporean subsidiary in 1994, U-Ming Marine Transport opened its second subsidiary in Hong Kong in 2002 and set up its headquarters in Taiwan. Its modern and high-quality fleet has won itself several international certificates, displaying its unrivalled competitive edge. The Company has entered into long-term partnerships with international companies with high credit ratings, such as BHP Billiton, the Australian mining company, and COSCO Group in China. Its operating performances have been acclaimed by both local and international media.
As for land transportation, the Group's Fu Ming Transport, Fu Da Transport and Ya Li Transport in Taiwan have fleets totaling 230 vehicles of various types that transport cement, coal and industrial products. Furthermore, Ya Li Transport in Jiangxi, Wuhan and Sichuan were established to expand the Group's cement sales in Mainland China.
To capture the promising shipping industry on both sides of the Strait, the Group established Wuhan Asia Marine Transport Corp. Ltd. in Wuhan City to engage in cement transport via the Yangtze River to facilitate its shipping logistics by sea and river in China. With rich shipping experiences as the solid foundation for global operations, outlook for the Group's transportation business is prosperous.