The company becomes latest firm to join the industry-backed Getting to Zero coalition that aims to decarbonise the maritime, energy, infrastructure and finance sectors
Oldendorff joined the coalition following the recent COP 25 conference on climate change in Madrid, and a statement from the company said Oldendorff was aware of the urgency to stop climate change and detailed the steps it had taken to make its own fleet more efficient.
“We will continue to investigate non-greenhouse gas (GHG) causing methods of energy and propulsion for ships. Over 95% of the Oldendorff fleet, and most of our chartered vessels, are eco-type vessels. Oldendorff Carriers has also recently signed a research agreement with the Massachusetts Institute of Technology’s Center for Bits and Atoms, which will investigate disruptive improvements in ship design and propulsion to achieve the IMO 2030/50 requirements,” the statement said.
The Getting to Zero Coalition is an alliance of more than 80 companies and organisations within the maritime, energy, infrastructure and finance sectors. Some of the maritime sector’s biggest names – Maersk, MAN and Cargill – are members of the coalition.
The coalition is a partnership between the Global Maritime Forum, the Friends of Ocean Action and the World Economic Forum and claims it is supported by key governments.
Members of the coalition commit to decarbonisation goals. In the shipping sector, companies aim to meet IMO targets.
The coalition was launched at the United Nations Climate Action Summit in New York in September 2019.
The objective of the coalition is to meet the target of reducing international shipping’s GHG emissions by at least 50% by 2050. The coalition is also committed to putting commercially viable zero-emissions deepsea vessels into operation by 2030.