- Lloyd’s Register (LR) and COFCO International, are partnering on the development of a strategy to decarbonise the company’s freight operations with a focus on emissions reduction technologies.
- Collaboration involves evaluation of the fleet characteristics, operational profile, and environmental impact of COFCO International’s chartered fleet.
Lloyd’s Register (LR) will be working with COFCO International to develop a strategy to decarbonize its freight operations through the use of emissions reduction technologies, reads an official release.
Strategy to decarbonize its freight operations
The initial phase of the partnership will involve a comprehensive assessment of COFCO International’s chartered mid and long-period fleet of around 50 vessels. Overall, COFCO International operates over 200 ships daily from its offices in Geneva, Singapore, Beijing and Istanbul.
As part of the project, LR will evaluate the fleet characteristics, operational profile, and environmental impact of COFCO International’s ships and the effectiveness of existing emissions reductions technologies already installed on its fleet.
In a statement issued, LR said that this exercise will give the company insights into new and alternative existing technologies and voyage optimization tools.
Alberto Perez, Global Head, Maritime Commercial Markets with LR, commented: ‘Lloyd’s Register is proud to collaborate with COFCO on this strategic initiative. The partnership represents a crucial step in our collective efforts to address the urgent challenge of decarbonisation and by leveraging our expertise and resources, we can make significant strides towards the maritime freight sector’s energy transition.’
The arrangement with LR builds on COFCO International’s existing decarbonisation efforts. Last week the company announced that it had received approval from SBTi for its science-based emissions reduction targets, which include emissions from maritime freight activities.
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Source: Lloyd’s Register
