Oldendorff Carriers Joins the Getting to Zero Coalition
- Business & Finance
Germany-based dry bulk carrier owner and operator Oldendorff Carriers has become a member of the Getting to Zero Coalition.
The coalition is an alliance of more than 100 likeminded companies and organisations within the maritime sphere, which have committed to achieving the vision of decarbonizing the shipping industry and meeting the IMO targets of halving GHG emissions by 2050 compared to 2008 levels.
Specifically, the coalition aims to get commercially viable deep-sea zero-emission vessels powered by zero-emission fuels into operation by 2030.
The alliance was launched at the United Nations Climate Action Summit in New York on September 23, 2019. It was founded by the Global Maritime Forum, in collaboration with the Friends of Ocean Action, and the World Economic Forum.
“Following the recent COP25 Climate Change Conference in Madrid, Oldendorff Carriers recognizes the urgency to stop climate change. We will continue to investigate non-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 (MIT) Center for Bits and Atoms (CBA), which will investigate disruptive improvements in ship design and propulsion to achieve the IMO 2030/50 requirements,” the company said commenting on the move.