U-Ming marine transport signs a perpetual linked loan with overseas Chinese Bank of Singapore

        U-Ming marine transport adheres to the belief of green shipping, builds intelligent sustainable ships with the concept of energy conservation and environmental protection, and implements the goal of sustainability development in combination with the sustainable credit business in the financial industry. U-Ming marine transport (Singapore) private corporation, a subsidiary of U-Ming marine transport, signed a US $70 million "sustainability linked loan" with overseas Chinese Bank of Singapore (OCBC) on February 9 to write a new milestone for U-Ming marine transport's first overseas commitment of "sustainability linked loan".

        

        "Sustainable linked loan" is to link the credit conditions with the sustainable indicators and the comprehensive performance of the enterprise in environment, society and corporate governance (ESG), and encourage the company to set long-term sustainable performance goals. If the company actually achieves it, the bank will support it through interest rate reduction, so that the enterprise can take into account ESG and take practical actions to realize sustainable operation while expanding its operation. In addition, U-Ming marine transport also commissioned an external verification unit DNV to conduct a review to ensure that the goal of the "sustainable linked loan" is in line with the sustainability linked loan principles 2022 and the business strategy of U-Ming marine transport.

        As a leading bulk shipping manufacturer in Taiwan, U-Ming marine transport actively builds a new generation of green intelligent fleet with energy-saving, high efficiency, intelligence and safety characteristics in order to maintain a sustainable and good environment. In addition to improving the design of new ships and using energy-saving engines to optimize fuel efficiency, Develop the international maritime industry with 70% carbon intensity and meet the requirements of the International Maritime Organization in 2050. The "sustainable linked loan" will be used to purchase two 210000 DWT energy-saving and intelligent ships, which use man 6g70me-c10 5 Tier3 engine and low resistance paint, together with optimized hull design, can significantly reduce fuel consumption and greenhouse gas emissions and reduce the impact on the environment. In addition, the ship safety management system (FSM) designed by U-Ming marine transport is also installed on the ship to effectively improve the operation efficiency, safety control and damage prevention, which is another big step for U-Ming marine transport towards the goal of top safety and environmental ship managers.

        

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