World’s Biggest Charterer New Dimensions To Cut Carbon

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Cargill, one of the world’s largest charterers of ships is going to test if wind power can cut carbon emissions. 
⦁ In 2017 Cargil has already cut off  carbon emissions from its fleet.
⦁ A joint venture will be started soon in future by Cargill. 

The article published in US.News gives a complete view of Cargill’s upcoming project to cut carbon emission from its shipping fleet.

A Way Ahead

” An outlook of Cargill’s new project to cut carbon emissions, the main aim of the project is real commercial use not just sea trials”

In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions, a top company executive said, says Reuters.

With about 90% of world trade transported by sea, shipping accounts for nearly 3% of the world’s CO2 emissions, yet environmental campaigners say efforts by the sector to cut emissions are slow.

Leading agri group Cargill will start testing a dry bulk vessel with two wind sails in the first quarter of 2023, Jan Dieleman, president of Cargill’s ocean transportation division, told Reuters.

Hidden Motive

Cargill has broken all assumption of this project being a sea trial, by stating that,”There will be cargo on board, this will not be sea trials but real commercial use.”

We might want to use a period of three to six months to see how it works and then be ready to pull the trigger on an additional series of ships and that will depend on availability of the right ships,” Dieleman said, adding that a ship fully optimised for wind could cut emissions by 30%.

“This has never been done before with hard wings for a commercial vessel this size,” Dieleman said, adding that Cargill was also exploring combining wind power with zero carbon fuels.

Joint Venture

A joint venture is initiated between BAR technologies and Cargill, they signed an agreement together with dry bulk owner Berge Bulk .

BAR Technologies, which has designed boats for the America’s Cup, is developing the sails that are being built by Norway’s Yara Marine Technologies. Earlier this week, the two companies also signed an agreement with dry bulk owner Berge Bulk to fit wind sails on a vessel, which will be installed in the second quarter of 2023.

Cargill charters between 600 to 700 ships, of which 90% are for dry bulk and the rest are tankers.

Overall seabourne volumes

Cargill is working in every sphere to achieve the US goals.

Cargill is stating that By 2030, first net – zero ships, using alternative fuel might enter the global fleet.

Cargill’s overall seabourne volumes transported rose to 240 million tonnes in the 2021-2022 (June-June) fiscal year from 220 million tonnes in the previous year.

The group is part of an initiative called the Sea Cargo Charter that tracks emissions for ships by companies.

Cargill’s emissions were 5.9% above the trajectory set.

“You had supply chain disruptions, booming economies with a lot of speeding up of ships, which resulted in more emissions,” Dieleman said, addingthere was still work to be done”.

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Source:U.S.News

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