Today Makes Tomorrow (TMT) is a Taiwanese

shipping company A shipping line or shipping company is a company whose line of business is ownership and operation of ships. Shipping companies provide a method of distinguishing ships by different kinds of cargo: # Bulk cargo is a type of special cargo that is ...

that in 2008 directly owned some 60 ships, with many more on order, including

dry bulk Bulk cargo is product cargo that is transported unpackaged in large quantities. Description Bulk cargo refers to material in either liquid or granular, particulate (as a mass of relatively small solids) form, such as petroleum/crude oil, ...

, crude, cargo,

LNG Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume o ...

automobile A car, or an automobile, is a motor vehicle with wheels. Most definitions of cars state that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, peopl ...

, and cement carriers.

History

Taiwan Maritime Transport Co.

TMT Co. Ltd was founded as the Taiwan Maritime Transport Co. Ltd in 1958. The company began by operating in the banana export business. The company’s first boat was named ''Taiwan Banana'' in

Chinese Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **'' Zhonghua minzu'', the supra-ethnic ...

. It expanded over the years into different sectors and, at one point, had 10% of the world's wood chip carrier capacity.

Change of ownership

Nobu Su Nobu Su () is the CEO and owner of the Taipei-based shipping company Today Makes Tomorrow (TMT). Education He graduated with a Bachelor of Science (B.Sc.) in economics from Keio University in Tokyo, Japan, and earned a M.B.A. from the Internatio ...

is TMT’s current owner and CEO. He took over after his father, Ching Wun Su, who founded the company, died in 2002. Over the years that followed TMT expanded rapidly, with ten new dry bulk carriers, roll-on roll-off ships for automobile freight, crude petroleum supertankers, very large bulk carriers (VLBC) and a Liquefied Natural Gas (LNG) carrier. At one point, the company operated more than 130 ships. In 2007 the company was rebranded and its acronym redefined to mean Today Makes Tomorrow.

Futures market

TMT Group has invested significant resources in the

forward freight agreement A forward freight agreement (FFA) is a financial forward contract that allows ship owners, charterers and speculators to hedge against the volatility of freight rates. It gives the contract owner the right to buy and sell the price of freight for ...

(FFA) market. It entered the market in 2004 and at one point was reported as being responsible for almost 30% of the global trade in FFA.

Ships

TMT group operates the "Whale" crude

supertanker An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined cr ...

s, part of a series of sister tankers named ''A Whale'', ''B Whale'', and so on until ''H Whale''. TMT's ships are registered separately in Monrovia and sail under a Liberian flag.

Recent contracts

TMT signed a contract with Chevron in September 2013 for one of its largest carriers, ''C Elephants'', to carry crude petroleum.

References

{{reflist Shipping companies of Taiwan Transport companies established in 1958 Taiwanese brands 1958 establishments in Taiwan