Carbon costs drive Taiwan shipping majors to ramp up clean fuels, fleets

EN
Add to Favorites

Evergreen Marine’s Terminal 7 at Kaohsiung Port, launched in 2023, is Taiwan’s first automated container terminal. 

Evergreen Marine’s Terminal 7 at Kaohsiung Port, launched in 2023, is Taiwan’s first automated container terminal. (Photo: Evergreen Marine)

Although shipping accounts for only about 3% of global carbon emissions, the sector carries nearly 90% of global trade, making it central to global decarbonization efforts. Taiwan’s three leading carriers— Evergreen Marine, Yang Ming Marine, and Wan Hai Lines—are stepping up efforts to reach net-zero emissions by 2050, in response to international carbon pricing regulations. 

According to RECCESSARY carbon market analyst Sherry Hu, Taiwan’s shipping industry faces two major challenges in its green transition: Cost pressures and fuel supply. Companies that fail to adopt cleaner fuels early may struggle with rising costs in the long term. 

This is exclusive content for
subscribed members.
Gain in-depth insights into the pulse of the global new energy and carbon markets, and grasp key perspectives on industry trends.
Join RECCESSARY now to unlock the full article and more exclusive content, and journey with us towards net-zero transformation.
Join now to broaden your international horizons.
Back

More Related News

TOP
Download request

Please fill out the form to download samples.

Name
Company
Job title
Company email
By using this site, you agree with our use of cookies.