Evergreen Marine Corp (長榮海運) yesterday disclosed its ship recycling policy as it joined the Ship Recycling Transparency Initiative (SRTI), which comprises firms that value its environmental, social and governance objectives.
The SRTI, launched in March 2018 and hosted by the Sustainable Shipping Initiative, a UK-based nonprofit organization, aims to accelerate responsible ship recycling practices by asking its members to share their policies on the platform so that the public can view them, Evergreen said.
Evergreen is the first Taiwanese shipping company to join the initiative, as well as the 11th shipowner member, following founding members such as China Navigation Co Pte Ltd (太古輪船), A.P. Moller-Maersk A/S, D/S Norden A/S, Hapag-Lloyd AG and Wallenius Wilhelmsen Logistics ASA, it said.
Photo courtesy of Evergreen Marine Corp
Evergreen — Taiwan’s largest shipping company by fleet size — last year implemented a ship recycling policy, which adheres to the EU Ship Recycling Regulation and the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, it said in its disclosure on the SRTI platform.
Evergreen requires the buyers of its decommissioned vessels to guarantee that the aged vessels are demolished rather than sold to be used second-hand, while vessels can only be recycled at shipyards that are certified by the International Organization for Standardization and are recognized as a “Green Ship Recycling” shipyard by the Hong Kong convention, it said.
When a vessel is decommissioned and recycled, not only can valuable and reusable resources such as steel be recycled, but waste and pollutants that could be dangerous to people and the environment must be processed properly, Evergreen said.
Evergreen’s pro forma contract contains a liquidated damage clause, which helps deter any ill-disposed buyer from doing anything that would contravene it, the company said.
Buyers need to provide reports weekly at least on the vessel’s recycling process to show that their practices are safe and environmentally sound, Evergreen said.
The company, which operates a modern fleet of about 190 container ships with a combined capacity of more than 1.2 million twenty-feet equivalent units, said that nine of its vessels have been recycled based on the policy.
Evergreen said it has a long-standing commitment to keeping the ocean clean, and aims to ensure responsible and sustainable operations.
Joining the SRTI would likely attract more international clients that value the environmental, social and governance objectives, as they prefer shipping firms that are SRTI members, it added.
Intel Corp chief executive officer Lip-Bu Tan (陳立武) is expected to meet with Taiwanese suppliers next month in conjunction with the opening of the Computex Taipei trade show, supply chain sources said on Monday. The visit, the first for Tan to Taiwan since assuming his new post last month, would be aimed at enhancing Intel’s ties with suppliers in Taiwan as he attempts to help turn around the struggling US chipmaker, the sources said. Tan is to hold a banquet to celebrate Intel’s 40-year presence in Taiwan before Computex opens on May 20 and invite dozens of Taiwanese suppliers to exchange views
Application-specific integrated circuit designer Faraday Technology Corp (智原) yesterday said that although revenue this quarter would decline 30 percent from last quarter, it retained its full-year forecast of revenue growth of 100 percent. The company attributed the quarterly drop to a slowdown in customers’ production of chips using Faraday’s advanced packaging technology. The company is still confident about its revenue growth this year, given its strong “design-win” — or the projects it won to help customers design their chips, Faraday president Steve Wang (王國雍) told an online earnings conference. “The design-win this year is better than we expected. We believe we will win
Quanta Computer Inc (廣達) chairman Barry Lam (林百里) is expected to share his views about the artificial intelligence (AI) industry’s prospects during his speech at the company’s 37th anniversary ceremony, as AI servers have become a new growth engine for the equipment manufacturing service provider. Lam’s speech is much anticipated, as Quanta has risen as one of the world’s major AI server suppliers. The company reported a 30 percent year-on-year growth in consolidated revenue to NT$1.41 trillion (US$43.35 billion) last year, thanks to fast-growing demand for servers, especially those with AI capabilities. The company told investors in November last year that
Power supply and electronic components maker Delta Electronics Inc (台達電) yesterday said it plans to ship its new 1 megawatt charging systems for electric trucks and buses in the first half of next year at the earliest. The new charging piles, which deliver up to 1 megawatt of charging power, are designed for heavy-duty electric vehicles, and support a maximum current of 1,500 amperes and output of 1,250 volts, Delta said in a news release. “If everything goes smoothly, we could begin shipping those new charging systems as early as in the first half of next year,” a company official said. The new
RSS