Air Freight News

Yang Ming joins The Silk Alliance paving the pathway to maritime decarbonization

May 26, 2022

To navigate the challenge of net-zero carbon emissions, Yang Ming Marine Transport Corp. (Yang Ming) has joined The Silk Alliance to develop and formulate potential measures for vessel decarbonisation among members of maritime supply chain. The Silk Alliance is aimed at establishing Green Corridor Cluster and paving the pathway towards maritime decarbonisation.

Initiated by the Lloyd’s Register Maritime Decarbonisation Hub, The Silk Alliance consists of members with diverse knowledge in shipping. The core-value of The Silk Alliance is to provide relatively safe, commercially viable and sustainable fleet-specific decarbonisation strategies for the members across supply chain to facilitate their decision making regarding transition strategy. The collaboration of The Silk Alliance will help the maritime industry to meet its decarbonisation commitments following COP26 under the uncertainties and investment risk of energy transition. The first phase of The Silk Alliance is to focus on building Green Corridor Cluster within Asia, and will speed up decarbonisation in the maritime industry.

Yang Ming has been dedicated to environmental sustainability. Through various energy-saving measures including fuel-efficient hull design, eco-friendly vessel construction, ship speed optimization, Vessel Monitoring System adoption, and retrofitting existing vessels, the Company was able to successfully reduce its carbon emission intensity per TEU-km by 57.38% in 2021 when compared to 2008. This is way ahead of the schedule set by the IMO to reduce carbon intensity by at least 40% by 2030. In addition, Yang Ming is planning to build five 15,000 TEU LNG dual-fuel full container vessels, in the hopes of accelerating the transition toward carbon-free shipping with relatively mature low-carbon fuel option. The partnership with The Silk Alliance will strengthen Yang Ming’s resolve in its energy transition and the ultimate goal of net-zero carbon emissions.

Similar Stories

https://www.ajot.com/images/uploads/article/cma-cgm-mpa-MOU-Signing.jpg
CMA CGM Group and MPA collaborate to advance future of maritime
View Article
https://www.ajot.com/images/uploads/article/TMC-Simon-Burthem--Stephen-Tierney.jpg
TMC Marine appoints new chief executive officer
View Article
https://www.ajot.com/images/uploads/article/MOL-Ammonia-fueled-Ocean-going-Vessel.jpg
MOL, Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding start joint development on Net Zero emission Carrier
View Article
https://www.ajot.com/images/uploads/article/229E-9900000000079e3c.png
MSC schedule update for Asia to US Network
View Article
MSC GRI - scope: Indian sub-continent to USA

The General Rate Increase (GRI), announced effective July 4th, 2022, is now postponed to July 15th, 2022.  

View Article
Xeneta real-time container rates update: week 25

Spot rates fall below long-term levels on main China to US West Coast trade

View Article