Orient Overseas Container Line Ltd. (OOCL) and partners join hands to advance low-carbon shipping, opting for cleaner fuel to reduce supply chain emissions. With the participation of several partners, including IKEA and Kyocera, the first voyage commenced in early August.
The fuel used on the voyage is a B24 biofuel blend, with ISCC-certified Used Cooking Oil Methyl Ester as a component in the VLSFO. Replacing fossil fuel with biofuel can reduce carbon emissions in shipping and is considered a viable transitional solution towards long-term decarbonization goals. The amount of carbon saved on this voyage will be attributed to these partners, reducing the carbon footprint of the cargo.
A Green Certificate will be issued to each of these partners as a credible certification of the carbon emissions saved by opting for biofuel. The process is verified and powered by Global Shipping Business Network (GSBN), a non-profit blockchain consortium. Carbon emission saving calculation and allocation are tracked by blockchain, with a traceable and immutable record. OOCL uses the Well-to-Wake approach to comprehensively measure the lifecycle of carbon emissions, from fuel production to its consumption in ship operation.
OOCL has started using biofuel on some of its vessels since 2023 as one of the company’s strategies to advance with the transition towards decarbonization. Promoting biofuel use in low-carbon shipping with partners has further demonstrated the company’s commitment to decarbonizing the ocean shipping industry and its determination to provide first-class shipping services to partners. OOCL is committed to building greener maritime supply chains with partners and has formulated sustainable shipping solutions for them based on their demand and environmental target, working with partners towards the mutual goal of decarbonizing ocean shipping.
Michael Xu, Director of Trades at OOCL, commented: “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.”
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