Orient Overseas Container Line (OOCL) and its partners, including IKEA and Kyocera, have joined forces to promote low-carbon shipping by adopting cleaner fuels to reduce supply chain emissions.
The first voyage under this initiative began in early August, using a B24 biofuel blend. This blend incorporates ISCC-certified Used Cooking Oil Methyl Ester as a component of the Very Low Sulphur Fuel Oil (VLSFO).
By replacing traditional fossil fuels with biofuel, the initiative aims to cut carbon emissions in shipping, serving as a viable transitional solution toward long-term decarbonization goals. The carbon savings from this voyage will be credited to the participating partners, contributing to a reduced carbon footprint for their cargo.
Each partner will receive a Green Certificate as credible proof of their carbon emissions savings through the use of biofuel. This process is verified by the Global Shipping Business Network (GSBN), a non-profit blockchain consortium, which ensures the calculation and allocation of carbon emission savings are tracked with a traceable and immutable record. OOCL employs the Well-to-Wake approach, measuring lifecycle carbon emissions from fuel production to its consumption during ship operations.
Since 2023, OOCL has been integrating biofuel into some of its vessels as part of its broader strategy to support the transition to decarbonization.
Tags: IKEA, Koycera, OOCL
Recent Posts
Port of Tauranga to Trial New Zealand’s First Fully Electric Straddle Carrier
CMA CGM Scales Up Low-Carbon Fleet and Fuel Infrastructure to Meet Net Zero Targets
OceanScore Crosses 2,300-Vessel Mark as Demand for Compliance Solutions Grows
HD Hyundai and H-Line Shipping Collaborate on AI-Powered Autonomous and Eco-Friendly Vessel Technologies
MOL Holds Naming Ceremony for LNG-Fueled VLCC Energia Viking at DACKS Shipyard
Egypt Advances Maritime Decarbonisation with National Action Plan Backed by IMO
Fuelre4m unveils VIRDIS: A predictive AI breakthrough in global fuel distribution, powered by Five9nes
EXMAR Launches First Ammonia-Fueled Gas Carrier at HD Hyundai Mipo