Yang Ming Fulfills Green Promise Carbon Emission Reduced 51% in 2019

To achieve the pursuit of global sustainability and respond to customers’ growing awareness about environmental issues, Yang Ming Marine Transport Corp. (Yang Ming) formulated plans to build an echo-friendly fleet a decade ago with the aim to proactively enhance ship energy efficiency and reduce greenhouse gas (GHG) emission. In 2019, Yang Ming fleet’s average carbon intensity (CO2 emissions per transport work) per Teu/Km significantly reduced by 51% compared with the level in 2008, from 99.4 g/teu-km to 48.1 g/teu-km, accomplishing the IMO target of reducing carbon intensity by at least 40% by 2030, eleven years ahead of schedule. Through continuous fleet optimization, Yang Ming has fulfilled its promise of energy saving and emission reduction.

GHG emission plays a critical role in climate change mitigation. In this respect, IMO has adopted strict regulations to address the issue and set the goals to cut global shipping carbon intensity by at least 40% by 2030 and 70% by 2050 when compared to 2008. To achieve the targets, Yang Ming has formulated several long-term strategies, including implementing 12 vessel modification and optimization projects, and accelerating the vessel renewal plan by eliminating vessels over 20 years of age and adding ten 2,800 TEU class, twenty 14,000 TEU and fourteen 11,000 TEU class echo-friendly smart vessels. In addition, Yang Ming has cooperated with weather service provider Weathernews Inc. (WNI) to build a monitoring system to manage fuel consumption and reduce GHG emission, and further evaluate the possibility of developing duel-fuel engine such as LNG or other engines that can perform with carbon-neutral alternative fuels.

As for sulphur oxide emission, Yang Ming ensured an early transition to use low sulfur fuel oil at Kaohsiung port and Shenzhen port in 2018. In the fourth quarter of 2019, Yang Ming’s fleet has switched to very-low sulphur fuel oil (VLSFO) with sulphur content lower than 0.5% and reduced sulphur oxide emission by 80% compared to traditional heavy fuel oil. Furthermore, Yang Ming has actively participated in vessel speed reduction programs initiated by National Oceanic and Atmospheric Administration (NOAA) and Taiwan International Ports Corporation, LTD to well protect the marine ecology.

Faced with the challenges of a warming world, Yang Ming is committed to environmental protection and the fight against climate change. For more details about Yang Ming’s environmental policies, please refer to Yang Ming corporate social responsibility report 2020 at www.yangming.com .