U-ming holds a christening and delivery ceremony today to welcome the 190,000 dwt dual-fuel capesize bulk carrier " Mv ubuntu loyalty " into its fleet

U-Ming Marine Transport (Singapore) Pte. Ltd., a fully-owned subsidiary of U-Ming Marine Transport Corporation (2606) - one of the nine listed companies under the Far Eastern Group, has commissioned Shanghai Waigaoqiao Shipbuilding Co., Ltd. to build FOUR (4) 190,000 DWT LNG dual-fuel NOx Tier III Cape size bulk carriers.  Among them, the fourth vessel, named "Ubuntu Loyalty", was christened and delivered at the ceremony held today (March 22) at Shanghai Waigaoqiao Shipyard.  Mrs. Susan Elliott, wife of Mr. Rod Elliott, Chairman of Anglo American Shipping Pte. Ltd., was invited to christen the ship.  The ceremony was successfully completed under the witness of Chairman Douglas Hsu, Mr. & Mrs. Elliott, and many other guests.

The "Ubuntu Loyalty" has a length of 299.88 meters, a width of 47.5 meters and a carrying capacity of 190,000 metric tons. It upholds U-Ming’s belief in green shipping and is designed with energy-saving and sustainable concepts. The vessel uses LNG as fuel power which effectively reduces greenhouse gas emissions and achieves the goal of carbon reduction. In addition, the ship is equipped with advanced MAN Energy Solutions' high-pressure ME-GI engine, which not only significantly reduces CO2 emissions but also effectively reduces methane slip and ecological footprint.  It also enhances operational efficiency and reliability.

U-Ming Marine Transport (S) Pte Ltd and Anglo American Shipping Pte Ltd have signed a 10-year time charter contract for the four LNG dual-fuel bulk carriers; which is the first of its kind in the bulk shipping industry.  It represents the persistence of the two companies in environmental protection, carbon reduction and sustainable management.  U-Ming is dedicated to leaving a better environment for the future generations by creating a more environmentally friendly green fleet. This cooperation with strategic partner Anglo American demonstrates U-Ming's commitment in its sustainable vision and makes it one of the first few international bulk shipping companies to use LNG fuel power. These new ships are added to the fleet to replace old vessels under the company’s carbon reduction plan.  Compared with traditional fuel, this ship type is expected to reduce carbon emissions by more than 25%, which will bring practical energy-saving and emission reduction benefits to U-Ming and enhances the overall competitiveness of the fleet.

U-Ming currently operates a diverse fleet of vessels including Capesize, Post Panamax, Panamax, Ultramax, Supramax, cement carriers, Very Large Crude Carriers (VLCCs), Very Large Ore Carriers (VLOCs) and Crew Transfer Vessels (CTVs) for offshore wind farms.  The average age of the fleet is around 6.6 years; together with joint ventures and vessels under construction, U-Ming's fleet consists of 73 vessels with a total carrying capacity of 8.82 million tons. The company has subsidiaries in Singapore, Hong Kong, and Xiamen, including U-Ming Marine Offshore Company Ltd. focusing on green energy transportation.