Hapag-Lloyd, Forto launch biofuel programme

Hapag-Lloyd, Forto launch biofuel programme

Hapag-Lloyd has partnered with Germany-based logistics firm Forto to launch a biofuel programme to fast-track ocean’s shipping net-zero goals.

Forto said customers booking full container load (FCL) sea freight shipments can now add the use of advanced biofuel to their bookings, reducing 100 per cent of their transport’s greenhouse gas emissions.

Customers will also receive data-based visibility over the impact of biofuel on sea freight-related greenhouse gas emissions and certificates issued by a third-party monitored process.

“We see it as our responsibility to continue to deliver transparent and credible solutions that can help our customers navigate this journey as they strive to reduce their environmental impact,” said Michael Wax, CEO and Co-Founder of Forto.

“Hapag-Lloyd has made a decisive investment in a commercially available biofuel product and their sustainability strategy is amongst the boldest steps towards the reduction of greenhouse gas emissions in the industry”.

The carrier has vowed to become net-zero in its carbon emission output by 2045, announcing plans to reduce the CO2e intensity Energy Efficiency Operational Indicator (EEOI) of its entire fleet by 30 per cent by 2030.

READ: US Inflation Reduction Act grants $3 billion for greener ports

“The biofuel offer for our customers plays an important role as a first step on our journey towards being net-zero,” said Mirja Nibbe, Managing Director Area Germany and Central Europe for Hapag-Lloyd.

“It is through close collaboration between Hapag-Lloyd and our customers to jointly tackle the challenges ahead of us. Thus, we are very happy to work together with Forto on this important topic.”

Hapag-Lloyd concluded the first half of 2022 with an EBITDA of $10.9 billion, as it predicts strong results for the rest of the year amid uncertainties.

The EBIT rose to $9.9 billion, and the group profit climbed to $9.5 billion.

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