Kuang Ming Shipping Corp. was established in May 1990. The Company is a subsidiary of Yang Ming Marine Group. In the beginning, the Company acted as the booking agent to handle the import and export of container shipments for Yang Ming Line in Taiwan. In November 1999, the Company bought two container ships to launch the Intra-Asia liner service. In line with the development of Yang Ming Marine Group's diversified policy, the Company entered in dry bulker service since in October 2008.
Kuang Ming now operates a medium dry bulk fleet to offer the services for the customers worldwide. The Company's philosophy is firmly build up as "Integrity, Quality, Safety and Growth".
The Company currently operate a total of 12 bulk ships, consists of 10 owned ships and chartered in 2 ships. To enhance the competitiveness, the Company will continue to expand new building project to keep the fleet of yang age and more efficiency.
With the full support of Yang Ming Marine Group, the Company built up a professional management team, focus to develop global customers, keep the vessel's position in flexibility, and strengthen safety management to maintain the ships under a sound condition. The Company is principally entered into commercial contracts with the major ship owners, charterers and dry bulk cargo owners in terms of T/C period or trip, long-term freight contract (COA) and V/C to ensure the stability of the business performance. In addition, the Company play the role as cargo operator to charter in tonnages for dry cargo transportation on the spot market to increase the operating scale and profit.
The Company was established as "Kuang Ming Shipping Agency" with a paid-in capital NTD 20,000,000 acting as Yang Ming Line's booking agent, to handle their export container shipments in Taiwan area.
Further handling Yang Ming Line container shipments in Taiwan area.
Renamed as "YML Shipping Enterprise Corporation Ltd.".
Renamed as "Kuang Ming Shipping Corp." and the Company bought two container ships to launch the Intra-Asia liner service.
Tentatively suspend business.
Resumed and started operating bulk business.
Set up the subsidiary "Kuang Ming (Liberia) Corp." to operate the Liberia flag ships.
The Company took over the tramp business from Yang Ming Line and dedicated to the Panamax bulk business. The paid-in capital increased to NTD 2,055,140,000.
The office moved to the current address from Keelung city to Taipei city.
The Company became a public listed company.
The Company began its stock transaction in over-the-counter market.
The establishment of the Audit Committee.
The establishment of the Remuneration Committee.
Award ship management contract for Taipower company's 2 coal bulk ships.
The paid-up capital after the issue of new shares amount: NTD 4,000,000,000.
Application for termination of its stock transaction in over-the-counter market and stop stock public offering.
The capital of amount increased: NTD 6,000,000,000.
Award ship management contract for Taipower company's 4 coal bulk ships.
Brave the winds and the waves, expand a whole new territory.
|Kuang Ming (Liberia) Corp.
|July 16, 2008
|Business and Service:
|Chartering / Tramp Business, Vessel Sale & Purchase etc.
|6F, No.243, Sec.2, Chongqing N.Rd., Datong District, Taipei, Taiwan (R.O.C.)