DP World on Tuesday (14 July) said its Americas ocean freight division will invest USD 1 million in Hapag-Lloyd’s Ship Green product under a new agreement that will enable customers to reduce ocean freight shipment emissions through verified carbon insets. The investment, which will be made over the next four quarters, is expected to avoid 4,762 metric tonnes (mt) of CO₂ using certified waste-based biofuels. The investment will fund the use of certified waste-based biofuels in place of conventional marine fuels. These fuels can reduce greenhouse gas emissions by at least 84% compared with conventional marine fuels. The emissions savings are calculated on a well-to-wake basis, meaning they account for the full lifecycle of the fuel, from production to use onboard the vessel. Unlike traditional carbon offsetting, which compensates for emissions after they occur, Hapag-Lloyd’s Ship Green product enables carbon “insetting” – reducing emissions directly within the ocean freight supply chain. By replacing conventional marine fuels with certified waste-based biofuels, the product delivers measurable emissions reductions that are independently tracked and allocated to participating customer shipments. Through this agreement, DP World will offer customers of its Americas ocean freight business verified carbon inset solutions that help reduce the emissions associated with their ocean freight shipments, supporting their broader supply chain decarbonization goals. Terry Donohoe, Senior Vice President of Freight Forwarding for DP World in the Americas, said: “This partnership reflects how we are evolving our ocean freight business to deliver both commercial resilience and measurable sustainability outcomes. By working closely with Hapag-Lloyd, we’ve created a solution that not only advances our decarbonization ambitions but also generates tangible value for our customers through verified emissions reductions. It’s a strong example of how collaborati