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Message From Chairman
In 2022, with the joint effort of our employees, onshore and onboard, Yang Ming delivered the best operating performance in history. This is an honor attributed to and shared by all employees of the Company, serving as the best gift for the 50th anniversary of Yang Ming.
Founded in 1972, the Company has faced multiple economic cycle challenges along with international trend changes and increasingly strict laws and regulations, such as changes in the form of international trade that lead to the transition from long to shore supply chains, the CBAM, and the International Maritime Organization (IMO)’s indicators that will be implemented in 2023: including the Energy Efficiency Existing Ship Index (EEXI), Ship Energy Efficiency Management Plan (SEEMP) and Carbon Intensity Indicator (CII) Rating Mechanism. All these factors reflect the changing challenges in the operating environment. Following the 50th anniversary of the Company, we will continue to develop the foundation for sustainable development for the next 50 years through various transformation plans and demonstrate our agile response capability and influence in the survival game in the industry.
In recent years, the Company has not only strived to improve our financial structure, but also been dedicated to implementing the operating strategies for sustainable development with the aims of realizing net zero emissions by 2050 and achieving the UN’s SDGs. Through energy-efficient design and new eco-friendly high-tech vessels, the carbon intensity of our vessels was reduced by 59.54% in 2022, as compared to 2008, early attaining the IMO’s goal of a 40% reduction by 2030. We also started to deploy LNG dual-fuel container ships and actively joined international organizations such as the Silk Alliance, the Getting to Zero Coalition, and the Society for Gas as a Marine Fuel (SGMF) to work with related members in the maritime industry chain in developing and promoting vessel decarbonization strategies in order to respond to climate change governance and march toward low carbon transformation. Yang Ming also became the first sea freight forwarder in Taiwan that joined the ranks of sustainable development with green fixed deposits as the funds for green bank loans and sustainability-linked loans.
The Company has proactively expanded digital innovation services and implemented Line Bot, e-D/O (electronic delivery order), a document intelligence system, and online quotation request services. We have utilized blockchain technology to accelerate the process of ocean shipping and trade finance and improve the customer service experience. Moreover, the identification of dangerous cargo has been enhanced through AI to build a safer shipping environment. Yang Ming adheres to ethical and transparent corporate governance and information disclosure, improves employee benefits, has a preschool center in place, and offers health checkup programs with allowances higher than those legally mandated. In addition, as the Company values the cultivation of diverse talent, we seek industry-academia cooperation to allow maritime talent development to take root. Through the Keelung 1915 YM Oceanic Culture & Art Museum, Yang Ming has been devoted to local social and cultural development and organized a diversity of exhibitions and activities related to harbors, ocean, and container shipping from the perspectives of the revitalization of local historical buildings and ocean sustainability to actively promote these ideas throughout the communities. In 2022, we collaborated with the Azure Alliance to organize employee beach and harbor cleanups at Bitou Fishing Harbor. In response to the international trend of biodiversity protection, the Company will work with the National Museum of Marine Science and Technology in 2023 to launch a coral restoration project to maintain and restore marine ecology.
In 2022, the Company won the first prize in the category of “Outstanding Enterprise” in the 19th National Brand Yushan Award, an award in the 15th Taiwan Corporate Sustainability Awards, and a prize in the category of “enterprises” in the 18th National Sustainable Development Awards in recognition of the Company’s sustainable actions. In the future, we will continue to seek to be an excellent transportation group as our vision and be committed to the values of“Teamwork, Innovation, Integrity, and Pragmatism”. Our goals are to ensure stable profits, save energy and reduce emissions, realize full digitalization and smart mana gement, and protect biodiversity. By extending our corporate influence, Yang Ming will work with the value chain in reducing carbon emissions and drawing a blueprint for sustainable development, and braving more waves and delivering sustainability, welcoming our next 50 years.