- Global economic growth affected by the Russia-Ukraine conflict, geopolitics, rising inflation, and the COVID-19 pandemic.
- Uncertain factors influencing bulk shipping demand, including coal export bans, steel production restrictions, and weak demand from the real estate sector.
- Port congestion, weak demand, and low real estate sentiment in China.
- Global inflationary pressure, interest rate hikes, and tightened monetary policies.
- Risk of stagflation.
- Geopolitical tensions and energy and food crises.
- Stringent environmental regulations for the shipping industry.
U-MING MARINE TRANSPORT CORP.
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2020 | 710.4K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Saved approximately one million US dollars in fuel and time costs through FSM optimization of shipping routes.
- Received the gold award in the transportation category of the 2022 Taiwan Corporate Sustainability Awards (TCSA).
- Officially put into operation four 190,000 dwt liquefied natural gas (LNG) dual-fuel bulk carriers.
- Goal of reducing fleet carbon intensity by at least 2% every year from 2023 onwards, and reducing it by at least 59% by 2050 compared to 2019.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Fleet growth strategy: 14 vessels to join the operating fleet from 2023 to 2025.
📅 Medium-term
- Fleet growth strategy: Growth goal of more than 100 vessels and a total carrying capacity exceeding 10 million tons.
🔭 Long-term
- Reduce fleet carbon intensity by at least 59% by 2050 compared to 2019.
- Expand its fleet of low-carbon energy ships (LNG/Ammonia/Methanol).
🌱 ESG Focus Areas
Corporate GovernanceEnvironmental SustainabilityEmployee Rights and InterestsSupply Chain ManagementCommunity EngagementClimate Change