Sunday, May 28, 2023
HomeFinance & EconomyNakilat partners with ABS to develop Decarbonization Strategy

Subscribe

To our FREE newsletter
Get all the latest maritime news delivered straight to your inbox.

Nakilat partners with ABS to develop Decarbonization Strategy

Nakilat, one of the world’s largest LNG shipping operators, has partnered with ABS to develop an industry-leading decarbonization strategy.

Over the past months, Nakilat’s project team has worked closely with ABS sustainability specialists to map out decarbonization pathways for the company’s fleet of 69 LNG carriers and four Very Large LPG Gas Carriers. These efforts come as part of the Nakilat’s drive to become a global maritime sustainability leader.

The project will ultimately see Nakilat’s vessels receive the ABS Sustain notation, which demonstrates alignment with the United Nation’s Sustainable Development Goals (SDGs) and establishes a pathway for sustainability certification and reporting.

Nakilat CEO Eng. Abdullah Al Sulaiti said: “Nakilat has rapidly grown over the years to be a leader in the global energy transportation sector. We recognize the important role we play in reducing our carbon footprint and are committed to carry out our operations in a sustainable manner. In addition to this partnership with ABS, we are also leading a working group with our joint venture partners to ensure our global fleet operations meet with IMO’s decarbonization targets. Our focus is on sustainable development of Nakilat’s fleet beyond 2030, which contributes towards the realization of Qatar National Vision 2030 and our own vision to be a global leader and provider of choice for energy transportation and maritime services.”

The Sustain notations were introduced with the ABS Guide for Sustainability Notations to help marine and offshore operators meet the Environmental, Social and Governance (ESG) requirements outlined in the SDGs. The Guide focuses on sustainability aspects of vessel design, outfitting and layout that can be controlled, measured, and assessed. These include, pollution and waste; coastal and marine ecosystems; energy efficiency and performance monitoring; low-carbon fuels; human-centered design; and asset recycling.

“It is a privilege to be able to support Nakilat in achieving their goal of becoming a leader in maritime sustainability. ABS is proud to work with forward looking operators that are not only committed to finding a sustainable footing for the industry but to demonstrating how we can make significant strides towards realizing that dream today. ABS is a pioneer in this space and is developing tools and strategies that help ship owners decarbonize their operations, while simply and clearly demonstrating their progress towards zero carbon operations,” said Georgios Plevrakis, ABS Director, Global Sustainability.

Related Posts

Video

Finance & Economy
Shipping News
Ports

Seanergy ‘well positioned to benefit from positive trend in Capesize market’

Seanergy Maritime Holdings Corp., announced its financial results for the first quarter ended March 31, 2023, and declared a quarterly dividend of $0.025 per...

Dorian LPG sees Q1 revenue more than double year-on-year

Dorian LPG reported its financial results for the three months and fiscal year ended March 31, 2023. Highlights for the Fourth Quarter Ended March 31, 2023 Revenues of $133.6 million.Time...

Navios Holdings Posts $14.5 Mln Net Income in Q1

Navios Maritime Holdings Inc., reported its financial results for the first quarter ended March 31, 2023. Navios Holdings owns (i) a controlling equity stake...

BW LPG posts ‘strongest quarterly performance on record’

BW LPG has recorded its ‘strongest quarterly performance on record’ in the first three months of 2023. The company was boosted by strong exports...

ONE, Wan Hai agree to pay civil penalties to FMC

Ocean Network Express (ONE) will pay a US$1.7 million civil penalty to avoid a formal investigation by the US Federal Maritime Commission (FMC) for...

Nikolaus H. Schües elected BIMCO President

BIMCO has elected Nikolaus H. Schües , CEO and owner of Reederei F. Laeisz,...

Baltic Dry Bulk Index Ends Worst Day In Over Three Months

The Baltic Exchange’s main sea freight index declined the most since mid-February on Thursday...

Maritime UK appoints new Chief Executive Officer

Maritime UK, the umbrella organisation for the UK’s maritime sector, has appointed Chris Shirling-Rooke...

Baltic dry bulk index extends slide for 10th straight session

The Baltic Exchange’s main sea freight index of shipping rates for dry bulk commodities...

Baltic index hits over two-month trough on lower rates across vessels

The Baltic Exchange’s main sea freight index slumped to its lowest level in over...

DP World Completes Terminal Expansion Project Vancouver Port

DP World has completed the AED954 million ($259.78 million) Centerm expansion project, increasing container throughput at the Port of Vancouver by 60 percent. The terminal...

DP World completes AED 954 million Vancouver port expansion

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World...

Alexandroupolis port gets 24 million euros of EU funding

Greece has secured 24 million euros ($26 million) in European Union funding to upgrade its northern Aegean Sea port of Alexandroupolis, privatisation agency HRADF...

Port Hedland Iron Ore Exports Down 5% in April

Pilbara Ports Authority (PPA) has delivered a total monthly throughput of 57.7 million tonnes (Mt) for April 2023. This throughput was a two per cent...

APM Terminals Reveals $1 Billion Investment in Brazil

APM Terminals’ CEO Keith Svendsen has pledged an investment of about US$1 billion in the company's Brazilian operations up to 2026. The amount includes around...