Yang Ming Marine Transport Corporation (Yang Ming) held its 372nd Board Meeting on 15th April to approve that, the five new 15,000 TEU vessels authorised at 368th Board Meeting on 14th January, would be equipped with dual-fuel LNG marine engines.
Addressing climate change
Yang Ming will be the first shipping company in Taiwan that owns LNG-powered container ships. The shipbuilding plan is set to strengthen the Company’s mid-to-long-term operational competitiveness and accelerate the fleet renewal plan.
By using clean energy, Yang Ming has taken another step to address climate change and move on to low-carbon transitions, thereby protecting Mother Earth in the years to come.
Using strict regulations
Yang Ming develops its fleet deployment plan based on business projection and international environmental laws
Yang Ming develops its fleet deployment plan based on business projection and international environmental laws and regulations. As stricter regulations are being enforced globally to achieve zero-emission, the Company is factoring in the following benchmarks when determining the choice of fuel types.
They include IMO’s Carbon Intensity Indicator (CII) for the annual decrease in emission intensity, and the Fit for 55 packages, being part of the European Commission’s Green Deal, to reduce EU’s total GHG emissions by up to 75% by 2050, and the recommendation of applying a well-to-wake approach in GHG accounting of maritime transport.
Environmental sustainability
In the spirit of environmental sustainability, Yang Ming is using LNG for the new fleet on account of its relatively mature low-carbon technology. By so doing, the Company expects to reduce GHG emissions by at least 20%, as compared to using traditional fuel.
In all, Yang Ming is fulfilling its objective of environmental sustainability while stepping up its competitive edge for the entire fleet.
