U-Ming sets sail efficiently with domination of digitization 

        The epidemic situation is under three-level alert, and the shareholders' meeting venue of various companies is deserted. However, the U-Ming marine transport venue still attracts a lot of battle media, just to inquire about the bulk shipping leader, how to follow the strategic blueprint and create a new profit in the once-in-a-decade shipping prosperity!

        At present, with the acceleration of infrastructure construction and the outbreak of raw material demand, the shipping industry, which has been dormant for many years under the condition of short supply of transport capacity, has finally ushered in a long lost prosperity this year! Not only did the Baltic dry bulk freight index (BDI) and ship rent rise, but also the share price of U-Ming marine transport, the overlord of bulk shipping in Taiwan, rose.

                If U-Ming marine transport hadn't made full preparations, I'm afraid it might not be able to grasp this good opportunity! In the depression of 2016, many shipping companies were unable to bear losses, either dismantling and selling ships or declaring bankruptcy. U-Ming marine transport took the helm of the ship, but took this opportunity to change the fleet with better energy efficiency, adjust its physique, and successfully become the largest beneficiary in 2021 when the market reversed.

        Green transformation and transportation cost should be taken into account to enhance competitiveness

        As we all know, shipping is a capital intensive industry. It costs tens of millions of dollars to build each ship and hundreds of millions of dollars to build a fleet, and its oil cost is as high as one quarter of the total expenditure cost. Therefore, all operators are competing to seek breakthroughs in ship energy conservation and reduce costs.

        Long before other operators sought energy-saving ships, U-Ming marine transport had been deployed in advance. Ship construction took energy conservation and carbon reduction and environmental protection intelligence as the primary objectives. In recent years, taking advantage of the market downturn and weak ship cost, it entered the market on a bargain, eliminated the old and replaced the new, and ordered 12 new environmental protection ships. It is expected that the average age of the fleet will be less than 6 years within two years. Therefore, while other shipping companies are still struggling with international environmental protection regulations such as low sulfur oil convention, carbon emission standard and carbon tax, seven U-Ming marine transport ships have completed the installation of desulfurization tower, and achieved the energy efficiency index EEDI of newly built Cape portable bulk carrier (Handymax) in 2017, which is 32.6% lower than the standard value, Achieve the International Maritime Organization (IMO) 2025 goal ahead of schedule and set the world's first record.

        In order to further reduce carbon emissions, U-Ming marine transport recently ordered four more Cape size ships fueled by LNG (liquid natural gas), and its EEDI is even 42.3% lower than the certification benchmark, reaching the standard after 2030. The GHG emission of these ships is significantly reduced, with CO2 emission reduction of 25% and SOX emission reduction of 100%. Due to the use of LNG and the configuration of selected catalyst reactor (SCR), NOx emission complies with IMO tier III standard, which can reduce nitride emission by about 87%, so that they can sail freely in the global NOx emission control area (ECA). The forward-looking ship type planning and deployment can win customers to sign 10-year long-term charter contracts, create stable cash income and reduce the carbon emission of the raw material transportation and supply chain.

        Go prosperus driven by the group's comprehensive efficiency and diversified layout

        Although the increasing noise of environmental protection brings challenges to industrial development, the smart U-Ming marine transport management team is well aware of the truth of "opportunities and challenges coexist", and naturally smells new business opportunities. Given that Taiwan is actively promoting the energy transformation policy and developing the local offshore wind power industry chain, at present, 15 wind farms have been selected in the second stage of "potential site development", and the cumulative capacity will reach 5500mw by 2025; The third stage "block development" will be launched from 2026 to 2035, with an annual construction capacity of 1000MW. The "bamboo wind offshore wind power project - Hsinchu No. 4 wind farm development project" invested by far eastern group has passed the EIA and obtained the right to prepare for the third phase of bidding. U-Ming marine transport fully supports and formulates short, medium and long-term development strategies to invest in energy transportation related industries.

                First of all, in February this year, we purchased two ready-made crew transfer vessel (CTV) ships of our nationality, signed a bareboat charter and officially put them into work in the wind farm in Taiwan. In June, U-Ming marine Offshore Company Limited was jointly established with world marine offshore A / s. with the help of the joint venture partners' rich working experience in European wind farms, local working teams were organized to provide professional logistics transportation services for offshore wind power and maritime engineering. At present, two CTV new ship construction contracts have been signed and will be delivered in the second quarter of 2022. It is expected to purchase two more ready-made ships in the fourth quarter of this year to enrich the fleet.

        It is worth mentioning that the CTV fleet of U-Ming marine transport wind energy adopts the global original small water area three body (SWATH) hull design, which is suitable for the severe walrus off the coast of Taiwan. Combined with the special soft bow hydraulic system, it is beneficial to improve the stability of the wind farm. In addition, the fleet is equipped with barefleet remote monitoring system, which regularly sends the adjustment status, fuel supply, weather observation, safety inspection, drill and other reports of crew, technicians and equipment to customers every day, so as to ensure that the onshore management personnel fully master the operation status and safety of the ship. At present, these ship types have signed charter parties, and the stable cash flow also gives U-Ming marine transport more confidence in the development of new business.

        Parallel optimization of execution of digital technology and innovation management

        With a strong fleet lineup and excellent management mechanism, we can really "prepare for the curtain and win thousands of miles away". Therefore, as early as 2017, Choo Kiat ong president instructed Xu Guoan's executive vice president to lead the team and actively promote a series of digital transformation operations. Among them, "fleet safety management (FSM)" can immediately return various information such as ship operation, maintenance, efficiency and route plan, further improve ship operation safety through digital management, and make the communication between various departments of the head office and scattered branches in Singapore and Xiamen more transparent, visual and real-time.