DSV will claim CO2 reduction from lower-emission Hapag-Lloyd voyages

Global logistics firm DSV will use German shipowner Hapag-Lloyd’s biofuel consumption to claim around 18,000 mtCO2e of well-to-wake emissions reductions over two years under a book-and-claim arrangement.

IMAGE: Container vessel, Afif, at the Burchardkai Container Terminal in the Port of Hamburg. Hapag Lloyd

Under the agreement, Hapag-Lloyd will physically bunker an unspecified volume of waste- and residue-based biofuel across its fleet.

The carrier states on its website that, “in line with the industry standard, we replace up to 30% of conventional marine fuel oil bunkered on a vessel with biofuel." It will allocate approximately 18,000 mtCO2e of well-to-wake emissions reductions to DSV, generated through the use of biofuel across its fleet over the next two years.

The associated greenhouse gas (GHG) reductions will be allocated to DSV through a book-and-claim mechanism.

The mechanism allows DSV to claim the emissions reductions by paying a premium, even if its actual cargo is transported on conventionally-fuelled vessels.

The programme currently focuses on biofuels, but Hapag-Lloyd said it is also exploring the inclusion of biomethane and hydrogen-based fuels such as green methanol and ammonia.

The company added that the “first of its kind” agreement with DSV also provides room for other low- and zero-emission potential fuels in the future.

By Konica Bhatt

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