For the first time in Africa, a new consortium will explore the options for developing a maritime green corridor for the zero-emission shipping of iron ore between South Africa and Europe. Maritime green corridors are routes between major port hubs where zero-emission solutions are supported and demonstrated. They have become recognised as one of the most important tools to aid industry and governments in the decarbonization of the maritime sector.
The consortium brings together Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE, convened by the Global Maritime Forum, to assess how zero-emission shipping could work. The consortium of iron ore miners and shippers, the steel industry, shipowners, freeport operators, and energy suppliers will explore full-scope concepts for the South Africa-EU green corridor development. The work will look at bunkering and offtake arrangements, available green fuel supplies, and financial and business model alternatives.
“CMB is proud to be part of the green corridor initiative between South Africa and Europe. CMB has already built various ship types that run on hydrogen and is building dry bulk vessels powered by ammonia. We hope that our track record in the development of green ships will contribute to the success of the consortium and accelerate the deployment of low-carbon vessels on this important trade route,” said Alexander Saverys, CEO at CMB.
As the International Maritime Organization prepares to revise its strategy for decarbonization at the MEPC 80 meeting to be held in London this July, the consortium’s initiative to explore the development of the green corridor between South Africa and Europe is yet another demonstration that the industry is preparing for a rapid shift to zero-emission shipping that leaves no country behind, said Johannah Christensen, CEO of the Global Maritime Forum.
“We hope this project will lay bare a viable shipping decarbonization pathway towards real-world implementation, generating sustainable growth and business opportunities for South Africa and the region, with synergies for other sectors of the economy”, he added.
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