COSCO SHIPPING Promotes Energy-Saving Low-Carbon Green Development

COSCO SHIPPING has been pursuing energy-saving, low-carbon green development by integrating the concepts of “innovation, coordination, green, openness and shared benefits” and sustainable development into the operation and management of the corporation and committing itself to environment-friendly operations to achieve the harmonious coexistence of economic growth and an ecological environment. It has carried out research on green ships and low-carbon alternative fuels, while leveraging its expertise to become an important player in addressing climate change.
 

The enterprises under COSCO SHIPPING have continued to prioritize environmental protection by reducing carbon emissions through technology- and management-enabled energy conservation and technological innovation. They have vigorously promoted the development of green shipping and green ports, improved energy efficiency management, and achieved remarkable results in reducing energy consumption and carbon emissions. By the end of 2020, COSCO SHIPPING’s fuel consumption per ship, energy consumption per 10,000 yuan of revenue, and carbon emission intensity had decreased by 30%, 27% and 30% respectively compared with the 12th Five-Year Plan period.

COSCO SHIPPING has also promoted the use of shore power for ships and installed shore power equipment for 100 container ships, 33 dry bulk carriers, 19 passenger ro-ro ships and two passenger ships; in terms of port renovation, it has retrofitted the shore power facilities for 11 berths of six ship repair companies and 10 berths of six port companies.

Further, COSCO SHIPPING has developed floating state energy-saving software, through which a ship's floating state is automatically adjusted to ensure that the ship performance consistently remains optimal through reduced water resistance and lower fuel consumption and carbon emission. The software has been applied to 19 large container vessels of the corporation. The container liners under COSCO SHIPPING have also established an energy efficiency monitoring center to monitor the fuel consumption of ships in real time 24 hours a day, so as to realize the transformation of ship navigation from “average speed” to “average power” and reduce the instantaneous fuel consumption and carbon emission of ships.

So far, COSCO SHIPPING has completed the renovation of bulbous bows on 68 vessels to reduce the water resistance of container vessels when sailing at a lower speed, and finished the retrofitting of propeller hub fins on 14 vessels to improve propeller propulsion efficiency and reduce fuel consumption and carbon emission of vessels in navigation; it has put into operation 14 special LNG carriers with dual-fuel electric propulsion, which mainly rely on natural gas evaporated from cargo tanks to serve as power fuel when sailing. These types of vessels adopt dual-fuel engine technology that can reduce CO2 emission by 20-25%. Solar energy technology has been applied on large ro-ro vessels, with 143.1KW solar photovoltaic systems being installed to convert solar energy into electricity and provide power for ship lighting; photovoltaic power stations have also been installed on the plant roof of ship repair companies for the wide use of green energy and emission reduction.
 

With technological innovation as an instrument, COSCO SHIPPING will continue to improve its energy-saving and low-carbon management capability, actively fulfill its social responsibility and make greater contributions to the development of green shipping.

Source: COSCO SHIPPING

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