Conversation with President of U-Ming Marine Transport, Mr C K Ong

Every year, Marine Money ranks the world’s public listed shipping companies and we are very pleased to see a strong Asian showing this year with U-Ming Marine Transport (“U-Ming Marine”), Mitsui O.S.K. Lines, Precious Shipping and Courage Marine in the top 10 spots. We were very fortunate to have a chance to speak to Mr C K Ong, President of U-Ming Marine Transport for this exclusive write-up when he was in New York City to receive the award.

As a new entrant to our universe of 100 public shipping companies this year, U-Marine Marine finished 2nd in overall performance and 7th in the credit rankings. The management taken to heart the main lesson of shipping, which is recognizing its volatility.” With that in mind, it manages the company to protect the downside knowing it will survive to enjoy the fruits of the cycle. Since its listing in 1990, the company has not incurred a loss, even in the most difficult markets and has throughout that period regularly paid a dividend.

This is only an excerpt of Conversation with President of U-Ming Marine Transport, Mr C K Ong

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