DP World's Americas ocean freight division will invest $1 million in Hapag-Lloyd's Ship Green product to reduce ocean freight emissions through verified carbon insets. The investment, made over the next four quarters, is expected to avoid 4,762 tonnes of CO₂ by using certified waste-based biofuels that cut greenhouse gas emissions by at least 84% compared with conventional marine fuels. Unlike traditional carbon offsetting, Ship Green enables carbon insetting by reducing emissions directly within the supply chain, with savings calculated on a well-to-wake basis. DP World will offer these verified carbon inset solutions to customers of its Americas ocean freight business, supporting their decarbonization goals.
Hapag Lloyd AGDP World invests $1M in Hapag-Lloyd's Ship Green product, directly generating revenue and validating the low-carbon service.
DP World invests in Ship Green to offer verified carbon inset solutions to customers, enhancing its green service portfolio.