In its latest annual sustainability report, Chief executive Jeremy Nixon reconfirms ”urgent need to address the growing implications of climate change”
Shipping line Ocean Network Express says it has managed to reduce its Scope 1 emissions by 62 per cent as of the end of 2023, based on a comparison with 2008.
As it published its latest annual sustainability report, the group confirmed it had also received approval in principle for an ammonia dual-fuelled vessel, along with an investment in twelve 13,000-TEU methanol dual-fuelled vessels, to be delivered from 2027.
And it reaffirmed its commitment to adopt reefer equipment that can be switched more easily to next-generation refrigerants, ones with a reduced contribution to global warming.
“2023 has been another challenging yet fruitful year for ONE,” said chief executive officer Jeremy Nixon, pointing to an “increasingly complex and dynamic” landscape defined by “geopolitical instabilities, a volatile market, and the urgent need to address the growing implications of climate change”.
The company also said it remained on target to cut Scope 1 emissions by 70 per cent by 2030, and to achieve net zero emissions across Scopes 1, 2 and 3 by 2050.
A switch to alternative fuels is a key part of that transition. “Ammonia is one of the primary focuses of our research generating significantly less GHG emissions compared to conventional marine fuels,” said Koshiro Wake, senior vice-president for corporate strategy and sustainability. “We are pleased to have made considerable progress and will continue to explore the feasibility of ammonia as an alternative maritime fuel.”
Elsewhere in its annual report, it revealed that 99 per cent of all customer bookings are now completed via digital platforms, which put it on track to meet its 2025 deadline for complete digitalisation ahead of time.
