U-Ming Marine Transport Corporation has named its newbuild 99,900 dwt Post-Panamax bulk carrier, contracted with Japan’s Sumitomo Marine and Oshima Shipbuilding, ‘Cemtex Excellence’.
The online ceremony was held at Far Eastern Group’s HQ in Taipei, connected to the Oshima Shipbuilding yard. Cemtex Excellence has a length of 235m, width of 40m and is the first of the 99,990 dwt Post-Panamax series built for U-Ming by Oshima Shipbuilding.
Eco-efficient features and an enhanced digital operation system will significantly improve the operating efficiency and safety of the vessel. The increasing size of ships reduces fuel consumption per unit cargo and lowers operating costs. In view of the industry trend towards low-speed operations, speed of navigation is optimised, while the narrow streamline design of the bridge helps to reduce wind resistance.
Due to new environmental regulations to be implemented in January 2023 such as EEXI and CII, old ships that cannot meet the regulations will be phased out.
According to Clarksons’ Dry Bulk Trade Outlook for January 2022, the growth rate of dry bulk fleet is expected to be only 2.1% in 2022 versus the demand for dry bulk shipping at about 2.5%. The expected slower pace of tonnage supply will continue to favour the dry bulk market in the short term. Hence U-Ming continues to seek long term strategic partnerships to ensure steady revenues. The company aims to strengthen core competitiveness and contribute to a greener and sustainable shipping market.
