U-Ming Marine navigates uncharted waters of sustainability within dry bulk sector

In the complex world of maritime shipping, Taiwan’s largest bulk carrier company U-Ming Marine is navigating uncharted waters of sustainability, learns bunkering publication Manifold Times.

Led by CK Ong, the company’s President is pioneering an approach to decarbonisation that challenges traditional industry norms, particularly in the dry bulk shipping sector.

“Unlike container shipping with its predictable routes, dry bulk carriers operate more like maritime taxi services, making green technology investments significantly more challenging,” explained Mr Ong in an interview on the sidelines of Sea Asia 2025.

Yet, U-Ming Marine has committed to four liquified natural gas (LNG)-powered vessels, accepting a 20-30% increase in capital and operating costs.

“Our company’s strategy hinges on collaborative partnerships,” Mr Ong told Manifold Times.

By working closely with mining companies, U-Ming shares the financial burden of sustainable shipping. This innovative approach has allowed it to develop the four LNG dual-fuel ships within its 70-vessel fleet, all built with a commitment towards enhancing fuel efficiency.

“Someone has to take the first step,” Mr Ong explains, highlighting the urgent need for action against climate change.

The company recognises that environmental challenges cannot be solved by a single entity. Instead, success requires cooperation amongst stakeholders – from cargo owners and ship operators to technology providers.

Currently, the maritime market doesn’t necessarily reward lower emissions as most customers don’t prioritise a ship’s environmental impact when selecting carriers.

However, U-Ming Marine sees beyond immediate economic considerations. The company’s approach is driven by a deeper understanding of environmental responsibility, said Mr Ong.

While the current LNG infrastructure isn’t perfect, U-Ming sees it as the most mature and eco-friendly alternative when compared to traditional bunker fuels.

The company will continue to explore future technologies such as ammonia and methanol, always with an eye toward reducing maritime carbon emissions.

Photo credit: Manifold Times
Published: 7 April 2025