Yang Ming Actively Expands Green Services　First Foreign Carrier to Complete B30 VLSFO Bunkering at Busan Port

Yang Ming Actively Expands Green Services
First Foreign Carrier to Complete B30 VLSFO Bunkering at Busan Port

Yang Ming Marine Transport Corp. (“Yang Ming”) is advancing its sustainability efforts to meet the 2050 net-zero emissions target. Beginning this year, the Company has been gradually integrating biofuels into its fleet to reduce greenhouse gas emissions. In December, Yang Ming became the first foreign carrier to bunker B30 very-low sulfur fuel oil (VLSFO) at Busan Port, receiving 1,000 metric tons. This milestone underscores its commitment to emission reduction.

The biofuel bunkering was facilitated by Yang Ming's purchase of biofuel from Hanwa Co., Ltd., with the operation carried out by HD Hyundai Oilbank Co., Ltd. HD Hyundai Oilbank successfully supplied B30 VLSFO first time to foreign shippers under Korean government's demonstration project. The B30 VLSFO blend consists of 30% used-cooking oil methyl ester (UCOME) and 70% VLSFO, significantly reducing vessel greenhouse gas emissions. In response to climate change and carbon neutrality goals, Yang Ming is expanding its green and low-carbon transportation services. Throughout 2024, the Company has been progressively incorporating various biofuels across its fleet, with bunkering at ports including Shekou, Yantian, Hong Kong, Busan, Port Klang, Rotterdam, Singapore, and Istanbul. By November, the use of biofuel is expected to reduce emissions by approximately 40,000 tons compared to traditional fuels. Yang Ming will continue to increase the proportion of biofuels in its annual fuel consumption to further reduce emissions and promote eco-friendly fuel adoption.

Yang Ming is committed to sustainable shipping, focusing on reducing carbon emissions. Through vessel optimization, optimal vessel speed control, and intelligent monitoring, the Company’s fleet reduced carbon intensity by 61.86% in 2023 compared to 2008, surpassing the international maritime organization’s 2030 target of a 40% reduction. Moving forward, Yang Ming will maintain its core philosophy of balancing business competitiveness with environmental sustainability, exploring innovative and energy-efficient solutions to achieve its 2050 net-zero emissions vision and support sustainable shipping.