Hapag-Lloyd Joins Decarbonization Center, Adds $10 m In Funding

153
OLYMPUS DIGITAL CAMERA
  • GCMD was formed in August 2021 with funding from the Maritime & Port Authority of Singapore (MPA) and six founding partners.
  • Shipping’s decarbonisation efforts are expected to benefit from this partnership with both organisations aligned on their strong ongoing commitment to protecting the environment and helping advance the decarbonisation of the shipping industry.
  • With both Hapag-Lloyd and ONE on board, the centre expects a greater proliferation of its findings towards actual deployment, amplifying the overall impact of GCMD’s decarbonisation efforts.

The centre and Hapag-Lloyd will focus on collaboration to amplify the impact of the solutions and accelerate the time to deployment and adoption, as stated in a recent article published in Offshore Energy.

The centre and Hapag-Lloyd will focus on collaboration to amplify the impact of the solutions and accelerate the time to deployment and adoption.

GCMD was formed in August 2021 with funding from the Maritime & Port Authority of Singapore (MPA) and six founding partners, namely BHP, BW, DNV Foundation, Eastern Pacific Shipping, Ocean Network Express and Sembcorp Marine. 

Announcing the decarbonisation target

Shipping’s decarbonisation efforts are expected to benefit from this partnership with both organisations aligned on their strong ongoing commitment to protecting the environment and helping advance the decarbonisation of the shipping industry.

Hapag-Lloyd recently announced ambitious decarbonisation targets, making it a natural partner for the centre, GCMD said. The company is intensifying efforts to reduce the emissions of its entire fleet by 30% by 2030 compared to 2019 and is further aiming to be climate-neutral by 2045, ahead of the IMO 2050 target.

Hapag-Lloyd currently represents 7% of the global TEU capacity. Together with GCMD founding partner ONE, the two companies represent a significant 13% of the world’s total TEU capacity.

Expectations and funding

With both Hapag-Lloyd and ONE on board, the centre expects a greater proliferation of its findings towards actual deployment, amplifying the overall impact of GCMD’s decarbonisation efforts.

Headquartered in Hamburg, Hapag-Lloyd also brings geographical diversity to GCMD and can facilitate stronger interactions within the European and German ecosystems. This partnership also adds $10M in funding, giving a further boost to GCMD’s efforts in conducting pilots and trials.

Welcoming the strategic partner

In welcoming the centre’s first strategic partner since its founding on 1 August 2021, Professor Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation said:

In late 2020 and mid-2021, the company ordered a dozen of new ultra large container vessels (ULCVs) from South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME).

The twelve 23,500+ TEU ships will be fitted with fuel-efficient high-pressure dual-fuel engines, that will operate on LNG, but they will have alternatively sufficient tank capacity to operate on conventional fuel.

Once delivered, the dual-fuel newbuilds will contribute to Hapag-Lloyd’s decarbonization goals.

Did you subscribe to our daily Newsletter?

It’s Free! Click here to Subscribe

Source: Offshore Energy

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.