Douglas Hsu Chairs U-Ming Shareholder Meeting for Father, Lays Foundation for Sustainable Growth
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U-Ming Marine Transport's shareholder meeting was held on May 21, chaired by Vice Chairman Douglas Hsu on behalf of his father, Chairman Hsu Hsu-Tung. Hsu stated that in response to challenges in the shipping industry, the company will enhance operational resilience and build a foundation for sustainable growth by adopting AI and entering the offshore wind and LNG transport sectors. President Wang Shu-chi expressed optimism, predicting a very healthy bulk shipping market for the next two to three years due to increased demand and constrained supply. The meeting approved the fiscal year 114 financial report, a cash dividend of NT$2.8 per share, and revealed expansion plans to grow the fleet to over 100 vessels.