Published: 2019-12-10
The group is an alliance of over 100 companies and organisations related to the maritime sector, additionally supported by various fovernment bodies and intergovernmental organizations (IGOs).
Members of the coalition are focused on the decarbonization of the shipping industry and meeting the associated targets set by the IMO. The aforementioned goals are the reduction of greenhouse gas (GHG) emissions from shipping by 50% by 2050.
The group is committed to getting commercially viable deep sea zero emission vessels into operation by 2030.
According to Oldendorff, the decision comes on the heels of the recent COP25 Climate Change Conference in Madrid. The company is heavily invested in eco-friendly solutions. Over 95% of their fleet and most of their chartered vessels are equipped with environmentally friendly technology.
The company 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 2050 requirements.