Planet
As a shipping company operating worldwide, we need to take responsibility for the environment we operate in. Our strategy has been reshaped to best meet our commitments and continue to help decarbonize our customer’s supply chains. We take a proactive approach to managing our environmental performance.
Planet
Planet development goals
- Cut carbon emissions by more than 30% from 2019 to 2030 and reach net zero by 2040
- Partner with customers to create and grow the world’s greenest deep-sea shipping services
- Raise the bar of asset life cycle management based on our responsible business philosophy
Climate Change
Climate Change
Emissions to Air
Höegh Autoliners has high sustainability ambitions and is on a clear path to net zero, and our main emission challenge as a shipping company is emissions to air. To meet this challenge, we commit to using only compliant fuel and focus our efforts on reducing our vessels’ fuel consumption. Höegh Autoliners focuses both on more ambitious fuel savings programs and on hull/machinery modifications.
Climate Change
Carbon intensity Indicator (CII)
On November 1st, 2022, amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI entered into force, making it mandatory from January 1st, 2023 to calculate each vessel’s annual operational carbon intensity indicator (CII) and its CII rating. Based on a ship’s CII, its carbon intensity will be rated A, B, C, D or E (where A is the best).
The rating indicates a major superior, minor superior, moderate, minor inferior, or inferior performance level. A ship rated D for three consecutive years, or E for one year, will have to submit a corrective action plan to show how the required index of C or above will be achieved. We are proud to have the best CII rating in the PCTC segment with about half of the Group’s vessels having received a Carbon Intensity Indicator (CII) rating of A-B in 2022.
All of our vessels built after 2010 have an engine configuration that can be converted to Methanol in the future. We continue our work on optimizing the fleet to further improve the CII score in the future. All of Höegh Autoliners’ six Horizon class vessels have achieved an A CII rating as they are 40% more efficient than a standard PCTC vessel.
Climate Change
How we work to reach our targets
We have developed a detailed plan for meeting the cgDIST targets in 2025 and 2030. Improved efficiency, use of low-carbon fuels and fleet renewal will enable Höegh Autoliners to meet or exceed the targets set by IMO and EU.
During 2022 Höegh Autoliners has signed contracts for twelve multi-fuel and zero carbon ready Aurora class, with DNV’s ammonia and methanol ready notations. In 2025 Höegh Autoliners took delivery of three additional Aurora-class newbuildings – Höegh Moonlight, Höegh Sunrise and Höegh Starlight – bringing int total to seven LNG dual-fuel vessels delivered under twelve-vessel newbuilding program as of period end.
The class are the first in the PCTC segment ready to operate on zero-carbon ammonia. Together with the capacity to carry up to 9,100 cars, the industry-leading Aurora class is the world’s largest and most sustainable