French ocean carrier CMA CGM has signed a sustainability agreement with Panalpina, the world’s fourth largest ocean freight forwarder by transport volume.
As part of the agreement, both companies have committed to collaborate in four key areas: the environment, ethics and compliance, social responsibility, and community.
As of 2020, a new fleet of 22,000 TEU container ships, powered by liquefied natural gas (LNG), will help CMA CGM to achieve its environmental goals.
With the aim of responsible development in ocean freight, CMA CGM is targeting a 30% reduction in carbon emissions by 2025.
Simon Bennett overviews the IMO greenhouse gas strategy for a sustainable future in a recent Port Technology technical paper
Julien Topenot, Head of Environment and Sustainability at CMA CGM, said: “We are determined to reach that goal by investing in highly fuel-efficient vessels, making constant technical improvements, and retrofitting our fleet.
“Compared to current fuel-powered vessels, our new LNG vessels will enable a reduction of up to 25 percent in CO2.
“They will also generate 99% less sulphur emissions, 99% less fine particles and 85% less nitrogen oxides emissions.”
As the world’s fourth biggest #oceanfreight forwarder, we have ambitious #sustainability goals we are determined to reach. This is why we have partnered with @cmacgm to reduce carbon emissions. It's about the world we live in: https://t.co/08AE1LvVQT#sustainabledevelopment pic.twitter.com/byb1LLY2nC
— Panalpina (@PanalpinaGroup) October 18, 2018
Panalpina, which transported 1.5 million TEU in 2017, is one of only 140 companies worldwide with approved Science Based Targets to reduce carbon emissions. Its current target is a 22% cut by 2025.
Lindsay Zingg, Head of Quality, Health, Safety and Environment (QHSE) at Panalpina, commented: “Partnering with strategic partners such as CMA CGM that are technology driven and share a similar vision of sustainability, and using them to transport our customers’ cargo will help us achieve our ambitious sustainability goals.
“We are already using CMA CGM’s most efficient and environmentally-friendly services. With this new agreement, both Panalpina and CMA CGM reinforce their commitment to sustainability.”