13.9 C
Tuesday, June 18, 2024
Home News HMM and IKEA forge alliance to advance ocean transport decarbonization

HMM and IKEA forge alliance to advance ocean transport decarbonization

HMM and IKEA Supply Chain Operations have entered into an agreement to utilize HMM's 'Green Sailing Service', a low-carbon ocean transport solution aimed at reducing environmental impact and supporting the decarbonization of ocean transportation.

Central to this collaboration is a significant reduction in carbon dioxide equivalent (CO2e) emissions achieved by replacing conventional fossil fuels with environmentally responsible, waste-based biofuels for transporting IKEA products across the ocean.

The biofuels utilized for this service are ISCC-certified and derived from waste-based biomass. HMM is incorporating sustainable biofuel into its FIM service, which connects the Far East, India, and the Mediterranean.

Noteworthy, this agreement is expected to decrease approximately 11,500 tonnes of CO2e emissions from 1 March 2024 to 28 February 2025, through the use of such biofuels for all IKEA ocean cargo shipments with HMM.

IKEA aims to reduce the relative greenhouse gas emissions from their product transportation by 70% by 2030 and become a zero-emissions cargo owner by 2040.

"We will keep looking for ways to make sustainable development our top goal, which will help us make important progress towards carbon neutrality," stated an HMM official. 

Latest Posts

OrbitMI guides navigation through complex digital landscape for sound tech adoption

The maritime software market is teeming with numerous vendors offering a wide array of technologies aimed at achieving data-driven operational efficiencies. These efficiencies are crucial...

Navigating the Changing Tides of the Container Shipping Industry in East Asia

As East Asia's container shipping industry sails into uncharted waters, it faces a shifting tide of customer demand reshaping the very foundations of maritime...

Spot rate growth slows but ocean container shipping market will remain extremely challenging

Ocean freight container shipping spot rates are set to increase further, but there are signs the recent dramatic growth may be slowing. The latest data...

Sweden-Belgium Green Shipping Corridor project enhanced with new partner

Port of Gothenburg, North Sea Port, and the Danish international shipping and logistics company DFDS have welcomed the Port of Antwerp-Bruges to the Green...

Containers lost at sea at record low levels

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing a significant decrease to 221 boxes lost in...