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DP World joins First Movers Coalition to decarbonise shipping

DUBAI, December 2, 2023

DP World, a global leader in smart end-to-end supply chain logistics in Dubai, has joined the First Movers Coalition (FMC), thus setting a ambitious target of getting 5% of its marine power from hybrid engines and zero-emission fuels by 2030. 
 
In a move that makes clear its commitment to decarbonisation, DP World said it will adopt emerging technologies to accelerate a green and inclusive transition to a net zero future.
 
Led by the World Economic Forum and the US Government, the FMC is dedicated to addressing the decarbonisation challenges of seven hard-to-abate sectors -- aluminium, aviation, chemicals, concrete, shipping, steel and trucking -- which collectively contribute to 30% of global emissions. 
 
As a collective of leading industry players, the members work to aggregate their purchasing power, prompt more investments in zero-emission solutions and scale their production.
 
DP World has committed that by 2030, at least 5% of its short-sea shipping will be powered by zero-emission fuels, through the introduction of two hybrid-electric and five methanol-enabled vessels.
 
This year, P&O Ferries, part of DP World’s Marine Services arm, introduced the world’s first ferry designed with a hybrid diesel-electric power plant.
 
The Dubai group expects its total demand for clean methanol to power the five vessels will be around 38,000 tonnes annually by 2030. Unifeeder Group, another part of DP World Marine Services, has already signed a long-term time-charter agreement for two new methanol-capable container feeder vessels, which will be deployed in Europe.
 
DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said: "Joining the First Movers Coalition is a clear signal of our intent to tackle the climate impact of our operations, while maintaining the efficient flow of global trade. Electrification and alternative fuels are integral components of our sustainability strategy, playing a pivotal role in significantly reducing emissions in our business and tracking towards our ambitions to be carbon neutral by 2040 and net zero by 2050. Driving demand for new fuels and technology will be key to creating an efficient market that works for everyone." 
 
Group Chief Operating Officer (Marine Services) Jesper Kristensen said: "Decarbonisation is a core focus for DP World, and as part of the First Movers Coalition, we're able to work collectively with like-minded organisations to actively drive positive change."
 
"The entire supply chain, from producers to distributors to shipping companies, must come together to facilitate the decarbonisation transition – this is because the ambition to drive this change can only happen when all players of the supply chain move from commitment to action together," Kristensen added.
 
The FMC currently has more than 90 members, whose commitments will represent an annual demand of $15 billion for emerging climate technologies and 29 million tonnes of CO2 equivalent in annual emissions reductions by 2030.-TradeArabia News Service



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