Volvo uses biofuels for car transport by ship
Volvo Cars has become the first customer to receive a certificate based on Cosco Shipping Lines' "green" shipping product "Hi Eco." This includes the commitment to increasingly use biofuels for powering Cosco ships during car transport in order to reduce the CO2 footprint for transfers between production plants and sales regions.
About Cosco Shipping
As of December 31, 2022, the fleet of the state-owned Chinese shipping company Cosco Shipping comprised 1,394 ships with a capacity of 113.82 million DWT, making it number one in the world. The capacity of the container fleet is 3.02 million TEU, ranking third in the world. The dry bulk fleet (437 ships/45.14 million DWT), the tanker fleet (228 ships/29.18 million DWT), and the fleet for general and specialized cargo (175 ships/5.78 million DWT) lead the world rankings.
The company has invested in 56 terminals, including 49 container terminals, around the world. The annual throughput of its container terminals amounts to 131.79 million TEU, making it the largest in the world. The global sales volume of its bunker fuel exceeds 28.30 million tonnes, making it the largest in the world. And the container leasing business reaches 3.91 million TEU, making it the third largest in the world.
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