Yang Ming Marine Transport Corporation (Yang Ming) has approved the construction of five 15,000 TEU vessels that will be equipped with dual-fuel LNG marine engines.
According to the company, 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 fleet renewal plan.
As mentioned, 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 choice of fuel types.
They include IMO’s Carbon Intensity Indicator (CII) for annual decrease in emission intensity, and the Fit for 55 package, 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.
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 on environmental sustainability while stepping up competitive edge for the entire fleet.
