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Yang Ming Announces New President Cliff Pai

Yang Ming Marine Transport Corporation (“Yang Ming”) has made a significant leadership change. On July 31, 2024, during its 396th Board Meeting, Yang Ming approved the appointment of Mr. Cliff Pai as the new President, effective August 1, 2024. Mr. Pai, who has been with the company since 1984, brings a wealth of experience and a deep understanding of the organization to his new role.

Cliff Pai has held numerous positions within Yang Ming, including Chairman of YES Logistics Corp., a subsidiary of Yang Ming Group, and Managing Director of Yang Ming (Mediterranean) Company. His extensive experience across various departments at the headquarters positions him well to lead Yang Ming into its next phase. The company is known for rotating senior management to strengthen its operations globally, and Pai’s appointment is a testament to this strategic approach.

Outgoing President Patrick Tu, who took office on November 12, 2020, has been instrumental in improving Yang Ming’s operational performance and cost competitiveness. Under his leadership, the company achieved record-high profits from 2021 to 2022 and maintained profitability for four consecutive years. This remarkable achievement has laid a solid foundation for Yang Ming’s sustainable growth. Tu will now transition to the role of Senior Executive Vice President, continuing to contribute to the company’s strategic direction.

The shipping industry faces multifaceted challenges, including economic fluctuations, geopolitical changes, rising compliance costs, climate change impacts, and the rapid pace of digital and AI transformation. Yang Ming’s leadership is well-prepared to navigate these challenges. Chairman Tsai’s broad academic background and innovative approach, coupled with President Pai’s comprehensive experience, position the company to effectively manage emerging risks and enhance overall operational performance.

Yang Ming is set to embark on a new journey of growth and development under this dynamic leadership duo. The company remains committed to delivering excellence and contributing positively to global logistics.

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