Lloyd’s Register, COFCO partner to decarbonise freight operations

Lloyd's Register, COFCO partner to decarbonise freight operations

Lloyd’s Register (LR) and COFCO International, a worldwide agribusiness, have collaborated on the creation of a plan to decarbonise the company’s freight operations.

The initial phase of the partnership will involve a comprehensive assessment of COFCO International’s chartered mid and long-period fleet of around 50 vessels.

COFCO International manages more than 200 ships daily from its operations in Geneva, Singapore, Beijing, and Istanbul.

As part of the project, LR will assess the fleet characteristics, operational profile, and environmental impact of COFCO International’s ships, as well as the efficacy of existing emissions reduction technologies already installed on the fleet.

READ: Lloyd’s Register, Green Marine explore methanol development

The purpose is to discover practical ways for reducing the company’s carbon footprint and contributing to a more sustainable future for global freight transportation.

The evaluation and analysis phase will mark the beginning of a long-term partnership aimed at improving the marine industry’s attitude to sustainability.

Alberto Perez, Global Head, Maritime Commercial Markets Lloyd’s Register, said: “The partnership represents a crucial step in our collective efforts to address the urgent challenge of decarbonisation and by leveraging our expertise and resources, we can make significant strides towards the maritime freight sector’s energy transition.”

In March, a LR report emphasized the need for industry-wide knowledge of operational and safety difficulties when using ammonia as a marine fuel for the maritime energy transition.

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