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GREEN INITIATIVES

U-Ming Marine Transport Corp., a subsidiary of the Far Eastern Group, has set out its vision and aspirations to use resources more efficiently and responsibly thus minimizing the impact on marine ecosystem caused by vessel operations; in particularly striving to reduce greenhouse gas emission and fuel consumption with devoted efforts for making a contribution to the environmental sustainability.

 

We have been pursuing individual and collective actions to work towards this vision. We have worked in partnership with industry leading organizations like classification societies and shipyards to help improve standards and practices in the environmental management. 

 

U-Ming has taken part in the  “Sustainable Shipping Initiative (SSI)” to devote energies to the promotion of concept and technology of environmental protection. Through the forum, U-Ming is capable of cooperating with advanced shipping companies and related industry players to jointly lay out the vision and the implementation for marine sustainable operations. 


We strive to protect the marine environment by preventing the release of harmful substances to the marine ecosystems. And we continue to minimize the production of unnecessary liquid and solid waste onboard our vessels. Our environmental management systems are certified as per international ISO 14001 standard and we ensure full compliance with all environmental regulations.

                                              


In 2013, the greenhouse gases created from our shipping operations decreased by 10% due to the lower fuel consumption in our fleet; placing us on track to reach U-Ming’s target of 25% CO2 reduction in 2020. Since 2012, U-Ming has ordered 21new generation vessels which have the features of energy-saving and carbon reduction as well as environment friendliness to reduce greenhouse gas emission and fuel consumption up to 20-25%. It is partly proven by the newly delivered 188K fleet in March and April 2014.

 

                                                          

 


Some of U-Ming’s green initiatives include:

 

Rising fuel costs, onslaught of technology and environmental awareness are among the forces that are driving the shipping industry to reinvent itself. This tsunami of challenges demand an urgent need to transform the way the shipping business is done. Only by making radical changes can the industry survive and thrive in the new and increasingly volatile global shipping environment.


U-Ming will continue its efforts to save fuel and carbon emissions by focusing on crew awareness, training, vessels’ retrofit programmes, economic operations such as voyage optimization, etc.

 


Energy Utilization

We achieve GHG reduction through energy management (hereinafter called “energy conservation”). We keep renewing our fleet, build the new eco-friendly fleet, and increase efficiency and super slow steaming capability. Compared to 2019, the fleet has reduced fuel (crude oil) consumption by about 4.3%, demonstrating the fuel saving performance of energy-efficient ships. In addition, we review the fleet’s fuel consumption index (FCI) based on fuel consumption of unit goods per tonne-nautical mile (g/t-nm). The results show that the Capesize bulk carrier has a better FCI than that of the Panamax bulk carrier and the Handymax bulk carrier. Therefore, we replaced the Panamax bulk carrier with lower FCI in 2018, reducing fuel consumption significantly in 2019. Two Capesize bulk carriers will be launched in 2020 to effectively reduce fuel consumption of this class.