German shipping major Hapag-Lloyd published its Sustainability Report 2020, noting that sulphur oxides reduced by 70% in comparison to the previous year.
Namely, since the beginning of last year, Hapag-Lloyd’s fleet has been operating using IMO 2020-compliant low-sulphur fuel oil, thereby reducing its sulphur-oxide emissions by roughly 70% compared to 2019.
At the same time, fuel savings of around 15% were achieved on 39 vessels by removing fouling from their outer hulls.
We have made a lot of progress in all sustainability dimensions. At the same time, we are conscious of the fact that we also have a very great responsibility when it comes to climate protection. We will therefore continue to work hard to modernise our fleet and to reduce our carbon footprint.
…said Rolf Habben Jansen, CEO of Hapag-Lloyd.
Moreover, orders have been placed for six state-of-the-art container ships – each with a capacity of more than 23,500 TEU – whose fuel-efficient high-pressure dual-fuel engines will also be able to operate using LNG, thereby reducing CO2 emissions by between roughly 15 and 25%.
These newbuilding projects geared towards sustainability have been financed by two green financing transactions, which were concluded according to the Green Loan Principles of the Loan Market Association (LMA).
As explained, the biggest challenge in the years ahead will continue to be climate change, and more will need to be invested in research and development related to propulsion concepts and fuels if we are to reach the goal of achieving climate neutrality in shipping.
“Shipping already accounts for 3 percent of all CO2 emissions today, and this must be further reduced in the future. That is also why our new sustainability report bears the title: “Tapping the future of shipping”. Of course, container ships are still the most efficient means of transporting large quantities of goods, including from an environmental point of view. Yet even with these efficiency-related advantages, it is clear that much more needs to be done for climate protection”.
With its new sustainability strategy, Hapag-Lloyd will set itself specific targets for the next 10 years.
One was recently announced in March 2021, when Hapag-Lloyd successfully placed a “sustainability-linked bond” that is connected to a clearly defined sustainability target: By 2030, the CO2 intensity of Hapag-Lloyd’s own fleet is to be reduced by 60 percent compared with 2008, the reference year of the International Maritime Organization (IMO).
EXPLORE THE SUSTAINABILITY REPORT HERE
