DP World sets target to decarbonise short-sea shipping

DP World sets target to decarbonise short-sea shipping

The Dubai-based global ports operator said at COP28 that it has joined the First Movers Coalition (FMC) by setting this target of 5.0 per cent by 2030. — KT file

Published: Tue 5 Dec 2023, 8:42 PM

DP World has announced that at least 5.0 per cent of its short-sea shipping would be powered by zero-emission fuels by 2030 through hybrid-electric and methanol-enabled vessels.

The Dubai-based global ports operator said at COP28 that it has joined the First Movers Coalition (FMC) by setting this target of 5.0 per cent by 2030, making clear its commitment to decarbonisation through the adoption of emerging technologies to accelerate a green and inclusive transition to a net zero future.

The company, which operates ports around the world from Buenos Aires to Hong Kong, currently manages 9.0 per cent of the world’s handling capacity and is among the top five global ports operators. Given that the world’s 100,000 commercial vessels consume around 300 million tonnes of fuel every year making shipping accountable for around 3.0 of global carbon emissions, the move by DP World would set a trend.

"Joining the First Movers Coalition is a clear signal of our intent to tackle the climate impact of our operations, while maintaining