U-Min held a new ship naming ceremony to welcome the 210,000-ton Capesize bulk carrier

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U-Ming Shipping, one of the nine listed companies under the Far East Group, and its subsidiary U-Ming Shipping (Singapore) Pte. Ltd. entrusted Qingdao Beihai Shipbuilding Co., Ltd. to build four 210,000-ton Cape-size (Cape size) bulk Freighters, the fourth of which is "Yuyu" (MV "Cape Mars"), held a naming ceremony at Qingdao Beihai Shipbuilding Company on  March 24. The ceremony was presided over by Mr. Xu Xudong, Chairman of Far East Group, and Ms. Marjorie Yang, Chairman of Esquel Group was invited to name the "Yuyu Ship". Witnessed by Chairman Xu Xudong, Ms. Yang Minde and many guests, the ceremony was successfully completed.

The Yuyu ship is 299.92 meters long, 50 meters wide, and has a deadweight of 210,000 metric tons. It is four 210,000-ton Cape-size bulk carriers commissioned by Qingdao Beihai Shipbuilding Co., Ltd. in Yumin Shipping's fleet replacement plan. The fourth ship in the series. Built according to the consistent concept of energy saving and environmental protection, it is equipped with the most advanced MAN B&W main engine, installs shrouds, vortex elimination fins, and adopts energy-saving measures such as low-resistance anti-fouling paint, and cooperates with the fleet safety management digital system to implement Yumin's long-standing green Shipping Faith. In addition, the main motors are equipped with nitrogen oxide treatment system (SCR), meeting the IMO Tier III nitrogen oxide emission requirements, and its EEDI (Energy Efficiency Design Index, ship energy efficiency design index) is lower than the baseline -30%, and its ultra-low The fuel consumption performance exceeds the requirement of IMO Phase II EEDI -20%.

Yumin has spared no efforts in sustainable operation and ESG. In the 2022 Taiwan Corporate Sustainability Awards (TCSA), it won the Gold Award of the "Corporate Sustainability Report Award" in the transportation industry. The constituent stocks of "Index" and "FTSE4Good TIP Taiwan ESG Index" are all affirmations from home and abroad. Yumin pays close attention to the development of various international sustainability initiatives and grasps the pulse and trends of sustainability. In 2022, respond to the "1.5°C Climate Action Declaration" of the Association of Industry and Commerce, and move towards low-carbon transformation. In addition, it signed the climate proposal of the "R20 Climate Action Regional Organization" to connect the world with sustainable transportation and create a net-zero future. Join the international organization Getting to Zero Coalition, and promise to plan and build ships powered by zero-carbon emission fuels to achieve the goal of net zero carbon emissions in the ocean. Yumin implements the spirit of corporate responsibility and governance, practices public welfare, attaches importance to occupational safety and human rights, advocates just transformation, and achieves social integration. Join the "Marine Anti-Corruption Network" (MACN) platform and cooperate with international governments and non-governmental organizations to combat corruption in the shipping industry.

U-Min Shipping currently owns Capesize, Panamax, Post Panamax, Supramax, Ultramax, cement carriers, very large crude carriers (VLCCs) and very large ore carriers (VLOCs) and offshore wind power personnel transport ships (CTVs), and its own bulk fleet averages The age is about 6.6 years, plus joint ventures and ships under construction, Yumin fleet has a capacity of 73 ships, with a total deadweight tonnage of 8.82 million tons. Overseas, there are subsidiaries in Singapore, Hong Kong, and Xiamen, and domestically, there are subsidiaries focusing on green energy transportation. Company Yumin Wind Energy Shipping Company.

 

Captioned image: (From left to right): General Manager of Yumin Shipping Co., Ltd. - Mr. Wang Shuji; Ms. Chen Ximei (wife of Mr. Wang Shuji); Mrs. Yu Yulun named wife - Ms. Yang Minde (Chairman of Esquel Group); Chairman of Far East Enterprise Group - Mr. Xu Xudong

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