Message from Top Management

Faced with challenges of geopolitical turmoil and climate change, how to seek stability in the global economic changes is a test faced by all industries in 2024. Amid an environment as volatile and unpredictable as the open sea, Shih Wei Navigation continue to hold firm to our founding values. Guided by "Small starts, big ESG.", with our vision fixed on sustainability and our hands firm on the helm, we are committed to steering toward a brighter, more resilient future.
Shih Wei Navigation continues to refine its belief that "sustainable development is not only a corporate responsibility, but also a key driver of growth". With the vision of "Together for good", it strives us to become a company that is friendly to the environment, responsible to the society, and caring for our employees. We believe that genuine success is measured not only from financial performance, but also by the positive impact we created for the environment and society. Every action we take reflects our enduring commitment to building a sustainable future.
In view of this, we are committed to optimizing our governance mechanism, enhancing the independence and professionalism of the Board of Directors, and strengthening risk management as strategic focus of corporate governance. In 2024, we became a member of International Association of Dry Cargo Shipowners (Intercargo) and join the DryBMS (Dry Bulk Management Standard) Portal, adopting more rigorous standards to improve vessel’s safety and operational management. Through these efforts, we fully implement Shih Wei policy of ensuring “the safety of people, ships, cargoes and the environment". 
The achievement of this objective has been remarkable: in its first participation in the Taiwan Corporate Sustainability Award (TCSA), the Company was honored with the Gold Award (Category 2) for Sustainability Reporting in the transportation sector. This recognition affirms our dedication to excellence in sustainability disclosure and performance. We are not complacent with this. The Board established the Sustainable Development Committee at the end of the year to further strengthen a transparent and accountable governance framework. This serves as a solid foundation for sustainable development, fulfilling our long-term commitment to stakeholders, and advancing towards a more resilient governance model by 2025.
Furthermore, the impact of climate change is becoming increasingly significant, and the carbon emissions and ecological challenges of the shipping industry cannot be overlooked. As an integral member of the global marine transportation network, the Company assumes the responsibility of decarbonization and continues to invest in energy-saving technologies. In 2024, three aging ships were disposed and one new eco ship was delivered and join the fleet. Two new eco ships are scheduled for delivery in the coming years. To mitigate the potential impacts of operational activities on marine biodiversity, we have expanded the use of organosilicon-based antifouling paints on hulls and voluntarily participated in the "Protecting Blue Whales and Blue Skies Incentive Program". Through speed reduction measure in designated areas, the Company helps safeguard North Atlantic right whales and other cetaceans, thereby contributing to the sustainability of the ocean.
We always regard our employees as the most important partners of the company and continue to optimize the workplace environment and welfare measures. Beginning in 2024, we collaborated with the Taipei Medical University Hospital (TMUH) to provide 24-hour telemedicine services to ensure that seafarers can receive timely medical support to alleviate physical discomfort and psychological stress. At the same time, Reverse Osmosis (RO) Maifan-stone water purifiers and garbage compactors were introduced across the fleet to improve the quality of drinking water, reduce the reliance on bottled water, and further mitigate the risks associated with plastic waste and accumulation of mircoplastisc in human body. 
To strengthen seafarers' sense of belonging and relieve work-related stress, the "Shih Wei Photo Contest – From Seafarer's Angle", encouraging crews to creatively capture and share their life at sea. Selected works were integrated into our corporate identity. With the efforts of onshore employees, we transformed a photo into a “marine waste wall”by re-using materials collected during beach clean-ups. We continue to promote the "Donate Blood for Extra Leave" program, encourage employees to participate in public welfare activities. Through this initiative, the spirit of compassion becomes ingrained in the Company's DNA, embodying our commitment to both employee well-being and environmental sustainability, and creating a win-win outcome for society and the environment.
The value of a company is reflected not only in its economic performance, but also in its care for society. Since the end of 2021, we have continuously  ponsored the aboriginal tribe in Wutai Township, Pingtung County (hereinafter referred to as “Wutai Base”) for three consecutive years. In 2024, we expanded the scope of support by building on existing achievements, mobilizing additional resources, and engaging external partners. For example, in collaboration with local suppliers in Pingtung, we provided fresh fruit to children at the Wutai Base, strengthening their immunity while reducing transportation-related carbon footprint and promoting local agriculture. In addition to donating Mandarin dictionaries to children in need, we also procured the marine environment education board game "Being a Sea Turtle" and to shared with the 81 bases of After School Association of Taiwan, prompting ocean literacy through play. For the first time, we co-organized the "Little Picassos Painting Contest 2024" with three bases in Hualien,
enabling children traumatized by the earthquake to express their emotions through painting and to find healingin art. These precious creations were further transformed into the visual design of this report, weaving children’s innocence and emotions into its pages.

Chairwoman & President of Shih Wei Navigation

Shin-Chyi Lan