Under the Sea Cargo Charter, 17 companies, including Cargill, ADM and Bunge, oil majors Royal Dutch Shell and Total, and mining group Anglo American will publicly disclose annually whether their overall ship chartering activities are aligned with IMO 2050 goals.
Charterers signed up are expected to be able to analyze the emissions associated with ocean freight in a methodical way.
A parallel project, known as the Poseidon Principles, launched in 2019, where 18 of the world’s biggest industry lenders agreed to link the provision of shipping finance to cuts in CO2.
The other companies involved in the latest initiative, launched by the non-profit Global Maritime Forum, are COFCO International, Dow, Equinor, Gunvor Group, Klaveness Combination Carriers, Louis Dreyfus Company, Norden, Occidental, Torvald Klaveness, Trafigura and Ørsted.
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