“Confronted with future regulatory requirements and the challenges of decarbonisation, the adoption of biofuel signifies a significant milestone for Yang Ming as it transitions towards achieving net-zero carbon emissions”
The Yang Ming Marine Transport Corp. (Yang Ming) is adopting sustainable biofuel to its fleet of 93 vessels, starting at Hong Kong and Singapore this month. In addition to enhancing energy saving in fleet management and utilising green energy at land-based offices, the company says it will incorporate biofuel into its annual fuel consumption. Through the adoption of certified biofuel, Yang Ming aims to achieve a year-on-year reduction in emissions and offer customers more eco-friendly transportation services, it says.
The adoption of biofuel begins with Yang Ming’s 1,805 TEU class container ship, YM Inception (see picture above), and 6,600 TEU class container ship, YM Masculinity. These vessels are currently deployed on the Japan to/from Taiwan, Hong Kong, Vietnam and Thailand service, JTC, and the Far East to/from Middle East service, CGX, respectively.
In collaboration with energy providers Chimbusco Pan Nation Petro-Chemical Co., Ltd., and KPI OceanConnect, both vessels have been bunkered with B24 biofuel, certified by the International Sustainability & Carbon Certification (ISCC). This sustainable fuel comprises a blend of Fatty Acid Methyl Ester (FAME) and Very Low Sulfur Fuel Oil (VLSFO). By embracing the biofuel, Yang Ming can achieve a substantial reduction of approximately 20% in carbon emissions compared to conventional fuel oil.
Yang Ming Chairman Cheng Cheng-Mount saind: “Confronted with future regulatory requirements and the challenges of decarbonisation, the adoption of biofuel signifies a significant milestone for Yang Ming as it transitions towards achieving net-zero carbon emissions. Despite the associated higher costs, Yang Ming plans to gradually expand the use of biofuel in 2024, continuing research and investment in new alternative energy sources to realise a 20% reduction in total carbon emissions by 2030 compared to the levels in 2018.”
In addition to the integration of biofuel, Yang Ming has already implemented a range of energy-saving and emission reduction measures on its fleet. These measures include retrofitting existing vessels for enhanced energy efficiency, utilising big data analysis to optimize vessel performance, and implementing route optimisation strategies. Furthermore, the Company expects the delivery of five newly-built 15,500 TEU LNG dual-fuel container ships starting in 2026. This development is anticipated to contribute to reducing the environmental impact of the shipping industry and fostering sustainable development.
Guided by the principle of “advancing competitiveness and environmental sustainability concurrently”, Yang Ming assumes responsibility for integrating operations with environmental sustainability. The Company prudently allocates corporate resources for various carbon reduction actions, ensuring compliance with regulatory requirements from supervisory authorities and alignment with the latest developments in shipping technology. This approach allows Yang Ming to respond to climate change, contributing to the pursuit of a sustainable future for the Earth.
About Yang Ming
Established on December 28, 1972, Yang Ming Marine Transport Corporation (YM) specialises in container transportation with service routes crisscrossing Asia, Europe, the Americas, Australia, and Africa. To date, we have set up over 241 global offices in 87 countries. Our regional centers in the U.S., Panama, Germany, Greece, and Singapore offer uninterrupted services.
Since the beginning, YM has upheld its core values of “Teamwork, Innovation, Integrity, and Pragmatism.” We deliver quality marine transport services with punctuality, speediness, reliability, and economy. We are committed to fulfilling our vision of becoming an outstanding marine transport corporation in the world.
Through partnerships with key global competitors, YM is able to effectively coordinate its global operation resources and provide customers with more comprehensive transport services.
As part of the effort to increase international competitiveness and service quality, YM has so far acquired an array of local and foreign certifications.
At February of 2024, Yang Ming operates a fleet of 93 vessels with a 7.935-million-D.W.T / operating capacity 705 thousand TEUS, of which container ships are the mains service force.
