World News
Hapag-Lloyd and Kuehne+Nagel Collaborate on Low-Carbon Shipping
German shipping company Hapag-Lloyd and logistics firm Kuehne+Nagel have agreed to collaborate on lower-emission ocean freight using biofuel blends.
Kuehne+Nagel will use Hapag-Lloyd’s Ship Green biofuel shipping programme for shipments on the East Asia-North Europe trade lane between April and December 2026, Hapag-Lloyd said in a statement on its website on Monday.
Ship Green product allows customers to select a 100%, 50% or 25% CO2e emission avoidance.
The agreement covers about 3,300 TEU of cargo and is expected to reduce emissions by about 2,979 mt of CO2e on a well-to-wake basis through the use of around 1,000 mt of second-generation biofuel blends.
The companies said the agreement uses a book-and-claim mechanism, allowing verified emissions reductions to be allocated regardless of where the fuel is physically consumed within Hapag-Lloyd’s fleet.
Hapag-Lloyd targets net-zero fleet operations by 2045, while Kuehne+Nagel aims for net-zero emissions across its value chain by 2050.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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