Americas News
DP World Backs Hapag-Lloyd's Biofuel-Based Carbon Insetting
DP World's Americas ocean freight division will invest $1 million in container shipping firm Hapag-Lloyd's biofuel-based carbon insetting programme, Ship Green.
The investment will be made over the next four quarters and is expected to avoid 4,762 mt of CO2 emissions through the use of certified waste-based biofuels, DP World said in a press release on Tuesday.
Ship Green enables customers to purchase verified emissions reductions generated through the use of certified waste-based biofuels in Hapag-Lloyd's fleet.
The biofuels can reduce GHG by at least 84% on a well-to-wake basis compared with conventional marine fuels.
"This partnership reflects how we are evolving our ocean freight business to deliver both commercial resilience and measurable sustainability outcomes," Terry Donohoe, senior vice president of freight forwarding for DP World in the Americas, said.
“By working closely with Hapag-Lloyd, we’ve created a solution that not only advances our decarbonization ambitions but also generates tangible value for our customers through verified emissions reductions.”
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 880.50 | 13.00 | 1278.50 | 18.50 |
| Rotterdam | 695.50 | 9.50 | 1355.50 | 35.50 |
| Houston | 742.50 | 12.50 | 1371.00 | 12.00 |
| Fujairah | 974.50 | 23.00 | 1665.00 | 1.50 |
| Americas Average | 902.50 | 0.00 | 1587.50 | 2.00 |
| Global 20 Ports Average | 876.50 | 1.00 | 1508.50 | 33.50 |
| Global 4 Ports Average | 823.50 | 14.50 | 1417.50 | 16.00 |
| Global Average Bunker Price | 932.00 | 6.00 | 1584.50 | 9.00 |
Popular Now More
-
Oct 06Camilo Angulo Ferrand tells Ship & Bunker that its long-term crude and refining contracts should help keep availability stable in the region despite the Iran war. -
Oct 06The firm has appointed Jessie Ng as its new bunker trader in Singapore -
Oct 05Procedures set out what should happen in a bunker delivery, writes Capt. Qaisar Qayyum, how the barge master feels about a 2am call decides if problems surface in time.