U-Ming provides marine transportation of cement, dry commodities and industrial raw materials, specializing in the trading of vessels and providing ship management services. U-Ming was publicly listed at the Taiwan’s Stock Exchange in 1990 and is one of the nine 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, the company is committed to attaining a higher value of the company and thus focuses on “Value-Adding” to customers, employees and shareholders as its corporate philosophy.
U-Ming has a fleet of 48 vessels with total 6.09 million DWT including 7 bulk carriers/oil tankers currently under construction.
There are three fully-owned subsidiaries, U-Ming Marine Transport (Singapore) Private Limited and U-Ming Marine Transport (Hong Kong) Limited and U-Ming Marine (Xiamen) Service Co. Limited. U-Ming has also set up a joint venture oil tanker company- Global Energy Maritime Corp. with Taiwan’s CPC Corporation and Chinese Maritime Transport, to realize its diversification strategy. While dry bulk shipping will remain the company’s core competency, its vision is to turn the company into a world-class transportation and logistics company, hence becoming the first choice for customers, employees and investors.