OOCL crowned best green shipping line

Orient Overseas Container Line Ltd. (OOCL) has won the “2024 Asian

for the second time.

The ceremony, held in Shanghai on 25 June, celebrated OOCL’s commitment to

environmental stewardship.

The award recognises OOCL’s achievements across several key criteria,

including regulatory compliance, environmental standards, investment in green

technologies, strategic planning, emission reduction policies, and continuous

staff training.

Over the years, OOCL has spearheaded various environmental initiatives

aimed at reducing carbon emissions and enhancing operational efficiency.

Initiatives such as long-standing bunker-saving programmes and the integration

of AI in operations highlight OOCL’s proactive approach to sustainability.

Furthermore, OOCL has made substantial investments in eco-friendly dual-fuel

vessels.

Since 2008, OOCL has reduced its average carbon emissions per shipping unit

by more than 53 per cent. In 2023, OOCL introduced an upgraded Emission Monitor

to provide real-time carbon emission calculations for end-to-end shipments.

Commenting on the award win, Michael Xu, Director of Trades at OOCL, said:

“We would like to thank Asia Cargo News, our customers and all other business

partners for their support and recognition of OOCL.

“Moving forward, we will continue to advance our journey in green

transition and fully support the industry moving towards Net Zero by 2050.”

OOCL’s overall revenue in the first quarter of 2024 fell 9 per cent

year-on-year to $2 billion. Total liftings rose by 3.4 per cent, while loadable

capacity grew by 2.2 per cent. The total load factor was 0.9 per cent greater

than the same period in 2023.