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02.2023 Group Briefing

U-Ming Marine Transport realizes the sustainable vision, and the new Capesize bulk carrier "Yuxin" is listed

U-Ming Marine Transport / Huang Yizhen
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843c01        U-Ming Marine Transport (Singapore), a subsidiary of U-Ming Marine Transport, commissioned Shanghai Waigaoqiao Shipbuilding Co., Ltd. to build a 190000 dwt LNG dual-fuel NOx Tier III headland bulk cargo ship, "M.V." Ubuntu Integrity ". On January 9, 2023, the" Cloud Naming "ceremony was held, hosted by Douglas Hsu, and Ms. Lin Meihui, the wife of TPC Vice President Wang Zhenyong, was invited to name the new ship, And share happiness with guests in Shanghai through video link.

                The captain of Yuxin Ship is 299.88 meters and the width of the ship is 47.5 meters. It is a new force for the U-Ming Marine Transport fleet to eliminate the old and replace the new. It uses liquefied natural gas (LNG) as the fuel power and is equipped with the advanced MAN Energy Solutions' high pressure ME-GI engine. Compared with traditional fuel, this ship type is expected to reduce carbon emissions by more than 25% and improve the operation competitiveness of the fleet.

        The 10-year long-term transport contract signed by U-Ming Marine Transport and Anglo American plc, a multinational miner, for four LNG dual-fuel powered bulk carriers is the first in the bulk industry, symbolizing the commitment and persistence of the two companies to sustainability. U-Ming Marine Transport has also become one of the first bulk shipping companies in the world to use LNG fuel power.

        U-Ming Marine Transport has spared no effort to invest in ESG, which has been recognized at home and abroad. It not only won the gold award of the "Enterprise Sustainability Report Award" in the "2022 Taiwan Corporate Sustainability Award" (TCSA), but also won the "FTSE4Good Emerging Index of Social Responsibility" and the "Taiwan Sustainability Index FTSE4Good TIP Taiwan ESG Index" consistent stock.

        With a long-term focus on the development of international sustainability initiatives, U-Ming Marine Transport responded to the "1.5 ° C Climate Action Declaration" of the Chamber of Commerce and Industry in 2022, and moved towards low-carbon transformation. In addition, it also signed the climate initiative of the "R20 Climate Action Regional Organization", joined the Getting to Zero Coalition International Organization, and committed to investing resources to combat climate change, and build a net zero future with sustainable transport.

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