Yang Ming Marine Transport Corporation (Yang Ming) held its 372nd Board Meeting on Friday (15th April) to approve the construction of the five new 15,000 TEU vessels authorised at 368th Board Meeting on 14 January that would be equipped with dual-fuel liquefied natural gas (LNG) marine engines.
Once constructed, the firm will be the first shipping company in Taiwan that owns LNG-powered container ships.
The shipbuilding plan is set to strengthen its mid- to long-term operational competitiveness and accelerate fleet renewal plan, says Yang Ming.
By using clean energy, it has taken another step to address climate change and move on to low-carbon transitions.
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.
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 doing so, Yang Ming expects to reduce greenhouse gas emissions by at least 20%, as compared to using traditional fuel.
Photo credit: MarineTraffic / Claus Gaser
Published: 25 April, 2022
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.