YangMing Marine Corporation (Taiwan) Ltd.
- 1. Company particulars and overall approach
- 2. Ship recycling policy and standards
- 3. Policy for selling owned vessels for further trading
- 4. Ship recycling contract
- 5. Inventory of Hazardous Materials (IHM) and Ship Recycling Documentation
- 6. Implementation of the ship recycling policy and standard
- 7. Other comments

YangMing Marine Corporation (Taiwan) Ltd.
Taiwan
https://www.yangming.com/index.aspx
93
51
2668411
42
4986549
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 May of 2022, Yang Ming operates a fleet of 93 vessels with a 7.654-million-D.W.T / operating capacity 670 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).
The Company continues to be committed to environmental protection and reducing environmental pollution. From design to operation of the vessels, we are committed to complying with Classification, IMO, and relevant international regulations. The Company also attaches great importance to the planning of decommissioned vessels. In response to global environmental protection, the Company follows the Hong Kong Convention in 2009, and eliminates old ships by means of green ship recycling. The Inventory of Hazardous Materials (IHM) has been prepared by a qualified professional assessment company, and through multiple verifications, such as actual vessel inspections and sampling inspections by classification associations, the first stage (IHM Part I) of the hazardous materials and pollutant areas on the vessel has been completed to protect the health of the construction workers, human rights, and marine environment. Buyers are also required to choose a green ship recycling facility that holds Hong Kong Convention (HKC) and ISO certification. For the dismantling of ships after the sale, the Company also continues to track the progress with buyers and ship recycling facilities, and it is required to provide proof and certification of the completion of dismantling.
Yes
Yes
https://www.yangming.com/files/Investor_Relations/%E7%92%B0%E5%A2%83%E7%AE%A1%E7%90%86(eng).pdf
2018
<25%
Yes
No
N/A
Yes
25-50%
No
Yes
https://www.yangming.com/files/Investor_Relations/%E7%92%B0%E5%A2%83%E7%AE%A1%E7%90%86(eng).pdf
Yes
Yes
No
N/A
No
No
N/A
No
Never
Never
Never
Sometimes
Our contract template is enhanced and derived from both Norwegian Saleform and BIMCO saleform covering a greener ship recycling and environmentally friendly materials.
Never
Yes
NO
Yes
Always
Always
Yes
We follow all international rules & regulations/Government laws & policies.
No
Always
The shipyard is required to be with a statement of compliance issued by an independent IACS member Class society confirming that the shipyard is in compliance with all the provision of the “IMO guidelines” and 2009 Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ship and the above-mentioned Statement of Compliance shall be maintained throughout the demolition and recycling process.
Always
We request the recycling Yards to present the Statement of Compliance of Honk Kong Convention.
Never
N/A
Never
Never
Never
Yang Ming support and follow internationally recognized human rights norms and principles, strictly follow the Maritime Labour Convention (MLC), and strictly abide by the relevant provisions of the Labor Standards Act and the Occupational Safety and Health Act. Yang Ming established the “Supply Chain Management Policy”, “Supplier Code of Conduct”, and “Sustainable Procurement” under the “Stakeholder Area” to reveal the specific practices of supplier management.