Swire Shipping takes positive action against climate change

Swire Shipping is funding Project Cerulean to promote low-carbon shipping in the Pacific.
Swire Shipping is funding Project Cerulean to promote low-carbon shipping in the Pacific.
Swire Shipping is giving its support to a proposal to establish a universal mandatory greenhouse gas levy on international shipping. The proposal has been submitted by the Republic of the Marshall Islands and the Solomon Islands to the International Maritime Organisation (IMO), the UN agency that regulates the safety, security and environmental impact of international shipping.

Swire Shipping serves the many communities in the Pacific that are directly impacted by global warming. It is implementing measures to reduce its own greenhouse gas footprint to net zero before 2050. "With many communities at risk of disappearing we must drive change," said James Woodrow, Managing Director of The China Navigation Company, Swire Shipping's parent company. "Whilst we have already invested US$650 million over the last seven years to renew our fleet to be more carbon efficient, ultimately we will not be able to sufficiently reduce our contribution to global warming until a sustainable alternative - low or zero carbon fuel - becomes technically and financially viable".

Swire Shipping is looking into options with the longer-term aim of developing a low or zero carbon fleet, starting by at least 2030, using sustainable alternatives such as green ammonia, biofuel, hydrogen or methanol, once safety, scalability, technological and training issues have been mitigated. In the meantime, the company will be implementing further technical and operational measures, offsetting any outstanding Scope 1 and 2 emissions, and will be launching a "Sail Greener" programme later this year, through which it will offer Swire Shipping clients the opportunity to offset carbon emissions on a voluntary basis.

Swire Shipping is a partner in Project Cerulean, which will build the first of a new class of low-carbon, low-cost, sail-assisted inter-island cargo vessels to serve communities in the Pacific that lack cargo handling infrastructure. The pilot vessel is expected to go into service next year.
Offshore wind sector investments

Offshore wind sector investments

Electric forklifts

Electric forklifts

Swire Shipping takes positive action against climate change

Swire Shipping takes positive action against climate change

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