Shih Wei Navigation Co., Ltd. (5608.TW) held its 2026 Annual General Meeting on Thursday, May 28 at 9 a.m. in person with video conferencing support on the 15th floor of the Taipei PCBC. Over the past year, the global economy and the shipping industry remained in a state of high volatility and uncertainty. Rising geopolitical tensions, supply chain restructuring, and growing trade protectionism have reshaped global trade flows and transportation demand, resulting in a fluctuating shipping market.
To strengthen its financial resilience, we enhanced our cash flow and financial structure through the disposal of four aging vessels during the past year. Looking ahead, one newbuilding tonnage is scheduled for delivery enhancing overall fleet capacity. In light of future operational requirements and to support its newbuilding acquisition programme, we have resolved not to distribute dividends for the year.
In response to the global trend toward decarbonization and sustainable development, we continue to actively advance its green transition strategy. Initiatives include the installation of energy-efficient equipment, optimization of voyage efficiency, and evaluation of alternative fuel applications to reduce carbon emissions and improve energy efficiency, thereby progressively achieving our long-term sustainability objectives.
Going forward, we will proactively optimize our fleet capacity by accelerating the replacement of aging tonnage to enhance overall transportation efficiency and environmental performance, thereby responding to market demand changes and international regulatory developments.
Meanwhile, we will further strengthen operational management through the integration of digital tools and data analytics to improve decision-making quality and responsiveness. Efforts will also be made to enhance information system integration and cybersecurity protection to safeguard data security.
In terms of risk management, we will continue to refine our risk assessment and contingency response mechanisms. By strengthening our ability to identify, monitor, and manage uncertainties arising from geopolitical developments, maritime safety risks, and market volatility, we aim to maintain operational stability, enhance business resilience and profitability, and create sustainable long-term value for our shareholders.