Orient Overseas Container Line Ltd. (OOCL) and its partners have teamed up to promote low-carbon shipping solutions and use cleaner fuel to reduce supply chain emissions.
The first low-carbon voyage, which involved numerous companies including IKEA and Kyocera, began in early August. The fuel utilised on the voyage is a B24 biofuel mix that includes ISCC-certified utilised Cooking Oil Methyl Ester in the VLSFO.
Each of these partners will receive a Green Certificate as proof of the carbon emissions savings achieved by using biofuel.
The procedure is certified and powered by the Global Shipping Business Network (GSBN), a non-profit blockchain organization. Blockchain tracks carbon emission savings calculations and allocations, with traceable and unchangeable records.
OOCL employs the Well-to-Wake technique to assess carbon emissions across the whole lifespan, from fuel production to ship operation.
The Hong Kong shipping company has been utilizing biofuel on some of its vessels since 2023 as part of its strategy to accelerate the transition to decarbonization.
Michael Xu, Director of Trades at OOCL, said: “Working with partners on low-carbon shipping is definitely a very important milestone in OOCL’s environmental and sustainability journey that enables both OOCL and our partners to advance towards their own decarbonization roadmap.
“I would like to thank our partners such as IKEA, Kyocera and several others for their trust and support in OOCL and for their participation in the first voyage. We are keen to establish additional long-lasting sustainability collaborations with all our partners and stakeholders to reduce emissions along the supply chain and to create a greener future together.”
Recently, OOCL celebrated the naming of the company’s 12th 24,188 TEU newbuild, the OOCL Portugal.