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12.2022 Group Briefing

U-Ming Marine Transport has added new forces "Yuhan Wheel" and "Yuhan Wheel"

U-Ming Marine Transport / Huang Yizhen
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833B01        U-Ming Marine Transport (Singapore), a subsidiary of U-Ming Marine Transport, entrusted Qingdao Beihai Shipbuilding Company to build 210000 dwt Cape size bulk cargo ships, the "Yuhao Ship" and the "M.V. Cape Venus&M.V. Cape Jupiter". On November 3, the "Cloud Naming" ceremony for new ships was held in Qingdao Beihai Shipyard, presided over by Douglas Hsu, We also invited Ms. Ling Zhongyuan Chairman of Changhua Bank and Ms. Wang Zhenru, the wife of Lv Jucheng Chairman of Taiwan Bank, to name the "Yu Hao Round" and the "Yu Han Round" respectively. At the same time, we invited guests in Taipei, Singapore and Shanghai to watch the ceremony together through video link.

                Yuhao and Yuhan have a length of 299.92 meters, a width of 50 meters, and a deadweight of 210000 tons. They are the new force in the U-Ming Marine Transport fleet's plan to replace the old with the new. They are equipped with the most advanced MAN B&W main engines, installed with deflectors and vortex fins. At the same time, they adopt energy-saving measures such as low resistance antifouling paint, coupled with the FSM fleet's safety management digital system, and implement the U-Ming Marine Transport's green shipping belief. In addition, the main motors are equipped with nitrogen oxide treatment systems (SCRs) to meet the IMO Tier III nitrogen oxide emission requirements. Their EEDI (Energy Efficiency Design Index) is - 25% lower than the baseline. The ultra-low fuel consumption performance exceeds the IMO Phase II EEDI - 20% requirements, improving the competitive advantage of U-Ming Marine Transport.

        According to the latest estimate of Clarksons, the growth rate of ship tonnage is about 2.8% in 2022 and 0.8% in 2023, which is relatively low. The requirements of all circles for energy conservation and emission reduction will also accelerate the replacement of old ships. It is expected that the supply of global bulk shipping is still tight. Environmental protection regulations, ship efficiency index (EEXI) and operating carbon intensity index (CII), the two major carbon emission environmental protection regulations, will be officially launched in January 2023. The Yuhan Ship and the Yuhan Ship designed and built with the concept of green energy conservation will help strengthen the core competitiveness of U-Ming Marine Transport.

        U-Ming Marine Transport currently owns Capesize, Panamax, Post Panamax, Supramax, Ultramax, cement ships, VLCC, VLOC and CTV. The average age of its own bulk fleet is about 6.6 years. In addition to joint ventures and ships under construction, the fleet capacity is 73, with a total deadweight tonnage of 8.82 million tons. There are subsidiaries in Singapore, Hong Kong and Xiamen overseas, In Taiwan, there is U-Ming Marine Transport, a subsidiary focusing on green energy transportation.

        

        
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