PIL And DP World Sign Inks An MOU To Develop Green Solutions

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Pacific International Lines (PIL) and DP World have signed a Memorandum of Understanding (MOU) to jointly develop green solutions to decarbonize global supply chains, according to an article published on their website.

About the deal

The agreement pairs DP World, which handles around 10% of the world’s container trade, and PIL, a leading Singapore-based shipping company. By leveraging each other’s strengths and expertise, the companies can help to accelerate progress towards their common target of net zero GHG emissions.

It was signed by Mr. Lars Kastrup, Chief Executive Officer, PIL, and Mr. Tiemen Meester, Group Chief Operating Officer, Ports & Terminals, DP World, at the UN Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE), conveying their commitment to combating climate change and the collective goal of achieving net zero greenhouse gas (GHG) emissions by 2050 or earlier.

In the near term, both parties will collaborate on trial shipments between Jebel Ali Port in Dubai and destinations within PIL’s network, with initiatives to reduce the shipments’ GHG footprint. This will include shipments on PIL’s vessels powered by a biofuel blend, biofuel bunkering, and deploying container handling equipment at terminals that run on renewable energy to handle the shipments.

Over the longer term, the companies will explore expanding this partnership to include other ports within DP World’s global network and using other alternative fuels, such as e-LNG, green methanol, or green ammonia in PIL’s vessel operations and bunkering.

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Source: PIL

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