The Far Eastern Group’s transportation business began with the services it provided customers for cement products worldwide. Then the business evolved from domestic land transportation to marine and land transportation. It also expanded from cement in the early years to a whole spectrum of services, from commodities to industrial products.
The flagship among the group’s marine transportation business subsidiaries is U-Ming Marine Transport, which carries mostly dry bulk such as iron ore, coal, and grains. Its fleet comes in various sizes and shapes, including Capesize, Panamax, Handysize and cement bulk carriers. Additionally, the company entered the market for oil tankers and other transportation-related services by forming strategic alliances and signing long-term leases. With 48 vessels and a shipping capacity of 6.09 million DWT, it is Taiwan's largest publicly-traded bulk shipping company with the fullest range of vessels.
After forming a subsidiary in Singapore in 1994, U-Ming Marine Transport launched its second subsidiary in Hong Kong in 2002 and established its headquarters in Taiwan. It has secured various international certifications with its modern and high-quality fleet, a testament to its unrivalled competitive edge. The company maintains steady cooperative relationships with companies known for high international credit ratings, such as BHP Billiton, the Australian mining behemoth, and COSCO Group in China. Its operating results have been recognized by both local and international media.
As for land transportation, the Far Eastern Group incorporated Fu Ming Transport, Fu Da Transport and Ya Li Transport in Taiwan, constructing a fleet of 337 various vehicles. The services offered by these companies range from the transportation of cement, coal and other industrial products. Furthermore, the group incorporated Ya Li Transport in China’s Jiangxi, Wuhan and Sichuan regions to power the Group's cement sales.
To seize promising opportunities in cross-strait marine transportation, the Group launched Wuhan Asia Marine Transport Corp. Ltd. in Wuhan City to haul cement on the Yangtze River and position itself in logistics by sea and river in China. Using its wealth of knowledge in the shipping business as a foundation for global operations, the prospects for the Group's transportation business grow brighter by the day.