On December 19th 2014, Dr. James Chao and his daughters gathered at the Harvard Club to celebrate the 50th anniversary of Foremost Group. Joining them were family, friends, company employees, and shipping industry guests from Japan, the US, China, and Europe. Foremost Group is one of the world’s leading shipping and transportation companies and was founded by Dr. Chao and his late wife, Mrs. Ruth Mulan Chu Chao. During the ceremony, Dr. Chao spoke about Foremost Group’s past and encouraged attendees to aim toward entrepreneurship. His daughters, Angela Chao, Deputy Chair of Foremost Group, and The Honorable Elaine L. Chao, reflected upon the company’s success and strong values and integrity instilled by their parents into the Foremost Group. Prior to the event’s dinner, the Foremost Group signed a contract with Sumitomo/Oshima Shipbuilding Group, one of Japan’s largest shipbuilding companies.