AtoB@C Shipping and EFO, a joint venture of Swedish energy companies, have committed to a set of measures to reduce carbon dioxide emissions from their sea transports.
The initiative will involve substituting 10% of the annual fuel consumption of EFO’s shipments with renewable alternatives, resulting in a projected 8.5% reduction in lifecycle emissions.
‘We are pleased to have found in AtoB@C Shipping a shipping company that not only shares our long-term vision but has also provided us with a tangible solution today to begin reducing our emissions immediately’, says Andreas Ukmar, CEO at EFO.
In addition, the companies have agreed to implement Virtual Arrival as a standard operational practice to optimise the speed of the vessels when there is a known delay in port. On average, Virtual Arrival has reduced voyage emissions in AtoB@C Shipping’s traffic by 11% in the voyages it has been applied for.
‘We are excited to partner with EFO in advancing greener shipping practices. Renewable fuels are crucial in mitigating shipping emissions”, says Frida Rowland, Commercial Director at AtoB@C Shipping.
So far two voyages have been performed with 100% renewable fuel under this contract with state-of-the-art plug-in hybrid vessel Electramar unloading the second cargo in Oxelösund, Sweden last week.