U-Ming Marine Transport welcomes energy-saving new ship 'Yuzhan'

        U-Ming Marine Transport (Singapore) Sdn Bhd, a subsidiary of U-Ming Marine Transport, commissioned New Ocean Shipbuilding Co., Ltd. to construct the 64000 deadweight ton Ultramax bulk carrier, M.V. "Asian Progress". The naming and receiving ceremony was held in Yangzhou on March 10th, presided over by Douglas Hsu and invited Mr., a member of the European Business Association in Taiwan Mrs. Giacomo Carminati's wife Paola Terreni named the new ship and the ceremony was successfully completed under the witness of guests, once again witnessing the solid partnership between New Ocean Shipbuilding and U-Ming Marine Transport.

        The Yuzhan ship has a length of 199.90 meters and a width of 32.26 meters. Its innovative design inherits the consistent concept of energy conservation and environmental protection. It not only meets the energy-saving requirements of the International Maritime Organization (IMO) Energy Efficiency Design Index (EEDI), but also uses Hempel X8 high-performance coating to effectively reduce biological adhesion and hull resistance, improve fuel efficiency, and save 5% to 8% of fuel consumption. At the same time, it is equipped with the Fleet Safety Management (FSM) system developed by U-Ming Marine Transport, which can synchronously transmit ship operation and meteorological data back to the company for shore analysis and monitoring, further improving ship energy efficiency, reducing failure rates, and increasing operational efficiency. This system has obtained SMARTShip Notation from classification societies such as ABS in the United States and has also won the Maritime Safety Award from the Singapore Maritime Authority. In addition, Yuzhan Ship has also obtained the LNG Ready classification symbol, representing the potential for the ship to be converted to use liquefied natural gas (LNG) as fuel, which will meet the company's long-term goal of reducing carbon emissions and move towards a more sustainable shipping development.

        In response to the 2050 net zero greenhouse gas emissions target set by the International Maritime Organization (IMO) for the shipping industry, Under the fleet replacement plan, U-Ming Marine Transport is striving for environmental transformation by replacing energy consuming old ships with new environmentally-friendly ones. This not only reduces carbon emissions but also increases operational efficiency. More Than This, U-Ming Marine Transport is also actively developing sustainable fuel alternatives to ensure more environmentally friendly operations.

        U-Ming Marine Transport attaches great importance to ESG and will release the "Task Force on Climate related Financial Disclosures (TCFD) Independent Report" for the first time in 2024, marking the first time in Taiwan's shipping industry. Its long-term efforts have been recognized by various parties, including being included in the "FTSE4Good Emerging Index" composite constant stock for consecutive years; Awarded the Taiwan Corporate Sustainability Award "Top 100 Sustainable Model Enterprises" and "Platinum Award in Sustainability Report Category" by the Taiwan Institute for Sustainable Energy (TCSA) in 2024, as well as the "2024 ESG Transportation Sustainability Award Gold Award" jointly organized by the Taipei Transportation Culture and Education Foundation and the Taiwan Global Business Operations Development Association, selected for the "Top 100 Carbon Competitiveness" list of Business Weekly, and once again listed on the "2024 Taiwan FINI100" list by the Taiwan Institute of Directors. It is a high-quality enterprise with strong international competitiveness.

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