![]() S4S: What is your strategy for the next five years?Ī.O.: To break things down, we have three strategies. I think our collaboration with MAN Energy Solutions to develop a two-stroke dual fuel ammonia engine is a perfect example of that. Ultimately, that is about investing in projects that will help develop zero carbon shipping fuels, while at the same time working with shipyards and shipowners to build vessels that are capable of running on low or zero carbon fuels. At the same time, we are working hard to identify ways we can eventually reduce our absolute emissions in the long term. S4S: How are you addressing the issue of climate change over the next five years?Ī.O.: For us, the top priority in the near term is to reduce the intensity of our emissions, something that has taken on increased importance with the introduction of new regulations, but also because of the targets we have set as a company to reduce the carbon intensity of our shipping activities by 25% by 2030. ![]() Our decisions can have a meaningful impact on the rest of the industry. Last year, we concluded more than 5,000 shipping fixtures between our oil and bulk divisions, which makes us one of the biggest players in the shipping industry. We are conscious about the impact of our actions. To that end, we have moved from having quarterly meetings about decarbonisation to weekly discussions, so we can improve and constantly re-valuate our strategy. We do this by introducing new clauses in our contracts, new technologies, new pricing systems, pushing for new regulations, these are all aspects of our daily work that impact Trafigura’s business, and also the wider industry we operate in. In that sense, we try our best to instil in our staff a sense of responsibility to always consider sustainability in their daily tasks, but also to engage the wider shipping community in more sustainable practices. It is not only about making efforts to reduce our own group’s emissions, but also to drive change in the industries in which we operate. We like to think of sustainability in practical terms. SAFETY4SEA: What does sustainability mean for Trafigura and how is it embedded in your business?Īndrea Olivi: Shipping sustainability has been at the top of our agenda for many years now. For example, a price on carbon would force the industry to take decarbonisation more seriously, which will then allow all organizations to take more ambitious decisions when it comes to reducing emissions and sustainability. However, it is equally important to push for more actions towards level playing field. Olivi explains, signing up to initiatives like the Sea Cargo Charter can make a difference. T rafigura has recently published its Sustainability Report and as Mr. Andrea Olivi, Global Head of Wet Freight for Trafigura, reveals their strategy for the next five years, highlighting that sustainability remains at the top and that the green ammonia will play vital role in industry’s journey towards decarbonization. In an exclusive interview to SAFETY4SEA, Mr.
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