Offsetting CO2 Emission From The Iron Ore Carrier’s Voyage Between Australia And Japan
Mitsui O.S.K. Lines, Ltd. (MOL; President and CEO: Takeshi Hashimoto; Head Office: Minato-ku, Tokyo) and Kobe Steel, Ltd. (President and CEO: Mitsugu Yamaguchi; Head Office: Kobe-shi, Hyogo Prefecture) announced that the companies have offset carbon dioxide (CO2) emissions from 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 realize 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. In addition, the Rimba Raya Biodiversity Reserve project contributes not only to CO2 emission reductions, but also to co-benefits such as biodiversity conservation and job creation for local communities.
MOL and Kobe Steel hope to use this opportunity to accelerate co-creation with various stakeholders with the aim of effectively reducing CO2 emissions throughout the supply chain and contributing to society.
References; MOL
Shipping News You Would Like:
Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Do you have info to share with us ? Suggest a correction
Latest Shipping News You Would Like:
U.S Navy Accuses Iranian Vessels Of Harassing Its Marine Attack Helicopter With Lasers
European Maritime Companies Ditching Toxic Ships On Bangladesh Beaches, Killing Workers
HII Achieves Construction Milestone For Virginia-Class Submarine USS Arkansas
Improperly Declared Dangerous Goods Putting Lives At Risk In The Supply Chain
NYK To Trial Mooring System To Suppress Hull Shaking With Jera And Trelleborg Marine Systems
Get the Latest Maritime News Delivered to Your Inbox!
Our free, fast, and fun newsletter on the global maritime industry, delivered everyday.