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Taiwan's Container Shipping Companies Embrace Dual-Fuel Energy-Saving Ships Published 2023-07-17

In early July of this year, the International Maritime Organization (IMO) took further steps to strengthen the carbon reduction goals of the shipping industry. They revised the greenhouse gas emission reduction targets for ships, aiming to reduce emissions by 20% in 2030, 70% in 2040, and achieve net-zero emissions by 2050 compared to the levels of 2008. This commitment to net-zero GHG emissions marks a significant milestone in environmental sustainability.

For international routes, the IMO also mandated that by 2030, at least 5% of the energy used by ships on international routes must come from zero or near-zero greenhouse gas emission technologies or fuels. This requirement sets the stage for the adoption of cleaner energy sources within the shipping industry.

 In response to these ambitious targets, Taiwan's container shipping companies have taken proactive measures by embracing dual-fuel energy-saving ships. Yang Ming, for instance, announced their order of five 15,500 TEU (twenty-foot equivalent unit) LNG (liquefied natural gas) dual-fuel container ships from South Korea's HD Hyundai Heavy Industries in May of this year. These vessels are expected to gradually join their fleet starting in 2026.

Similarly, Evergreen Marine has revealed plans to invest between US$4.32 billion and US$5.04 billion in acquiring 24 methanol dual-fuel container ships with a capacity of 16,000 TEUs. Although a specific delivery schedule has not been confirmed yet, Evergreen's move demonstrates their commitment to embracing zero-carbon-emission ships and contributing to a greener future.

Analysts highlight that ordering dual-fuel ships has become a crucial strategic move for shipping companies in long-term planning. While the LNG container ships ordered by Yang Ming still emit some carbon, they are more environmentally friendly compared to traditional vessels. On the other hand, Evergreen's methanol dual-fuel ships represent a new generation of zero-carbon-emission ships. As the technology continues to mature, it is expected to help Evergreen achieve its net-zero carbon emissions goal sooner.

By embracing dual-fuel energy-saving ships, Taiwan's container shipping companies are demonstrating their commitment to sustainability and aligning themselves with global efforts to combat climate change. Let's applaud these positive steps towards a greener shipping industry!海運前景不明-航商在減碳議題找競爭力-021050721.html