DP World Marine Services Cuts Carbon Emissions by 16%

DP World Marine Services has made progress by reducing its carbon footprint by 16% in 2023 compared to the baseline of 2,118 ktCO2e, in 2019. This achievement is particularly noteworthy as the worlds attention is currently focused on COP28, which is being hosted in Dubai this month. The reduction can be attributed to optimizing vessel routes and schedules to enhance efficiency and minimize time. The company utilizes a tool for calculating carbon footprints with audits conducted by Lloyds Register to ensure accuracy.

Guided by DP Worlds “Our World, Our Future” strategy and ambitious decarbonization goals for 2030, 2040 and 2050 the Marine Services business operates a network of land and sea transport. This includes subsidiaries such as Unifeeder, P&O Ferries and P&O Ferrymasters.

In order to further decrease carbon emissions, Marine Services aims for a 25% reduction by 2030. Strategies include improving the efficiency of the vessel fleet by 12% incorporating a 5% contribution from biofuels and introducing around 20 vessels to replace ones that are less efficient. These measures will contribute a 8% towards achieving the reduction goal.

Key initiatives involve Unifeeders time charter agreement, for container feeder vessels of using methanol and P&O Ferries hybrid electric vessels. These advancements are expected to increase efficiencies by 40%.
As the worlds top leaders gather for COP28 there is an expectation, for changes in business practices aimed at reducing CO2 emissions.

DP World has set goals for decarbonization aiming to achieve carbon neutrality by 2040 and net zero emissions by 2050. Jesper Kristensen, the Group Chief Operating Officer of DP World Marine Services highlights the companys commitment as a leader in logistics. They actively promote sustainability through collaborations with organizations such as the Maersk McKinney Moller Center, for Zero Carbon Shipping, IRENA and APMT.