Mitsui O.S.K. Lines, Ltd. and Kobe Steel, Ltd. on Thursday (9 March) said they have offset carbon dioxide (CO2) emissions from bunker fuel used in ocean transport of iron ore from Australia to Japan, through the use of voluntary carbon credits generated from the Rimba Raya Biodiversity Reserve project in Indonesia.
Both companies believe optimal and effective approaches to reduce CO2 emissions throughout the supply chain are essential to realise a sustainable society.
While MOL seeks co-creation with other companies on measures that the company can take now to achieve the target of net zero greenhouse gas (GHG) emissions by 2050, Kobe Steel, which set “Contributing to a green society” as its Group’s materiality, agrees with the idea.
This has led the companies to team up on this carbon offset.
The offsetting took place for the Capesize bulker under MOL’s operation, Shinzan Maru, which is exclusively engaged in a long-term iron ore transport contract with Kobe Steel.
The voyage took about six weeks from Port Walcott, Australia, to Kakogawa Works in Kakogawa City, Hyogo Prefecture, where the iron ore was unloaded.
The CO2 emissions from the Shinzan Maru during this period were calculated to be about 2,875 tons for the entire process from fuel oil production to consumption on the vessel.
The carbon credits used for this carbon offset have been certified by Verra, which operates the world’s leading voluntary carbon credit standards, and generated within the past five years.
Photo credit: vessels lover / MarineTraffic
Published: 10 March, 2023
Reintegrate, a subsidiary of European Energy, will product green bunker fuel for A.P. Moller – Maersk’s first vessel powered by carbon neutral methanol.
With the forthcoming EU carbon price for shipping, a legal analysis from Opportunity Green, commissioned by T&E, assesses who should take responsibility.
HSFO carriage ban effective from 1 March is an attempt to ensure transparency and that ships are not unjustly penalised.
Parties will cooperate on the design of China’s LNG inland waterway transportation, small to large LNGCs, as LNG-fuelled vessels and onshore LNG storage tanks.
Mitsui E&S Machinery wins contract to supply engine for 65,700 dwt bulk carrier; engine offers carbon-neutral propulsion when operating on green methanol bunker fuel.
South Korean ministry formed a committee with the top six shipbuilding companies to develop strategies for the shipbuilding industry to be carbon neutral.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
17 Mar 2023
