Image credit: Oldendorff Carriers

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Dry bulk shipowner and operator Oldendorff Carriers has become a member of the Sustainable Shipping Initiative (SSI).

Oldendorff joins other SSI members, including ABN-Amro, AkzoNobel, Bunge, China Navigation, IMC Shipping, Lloyd's Register, Louis Dreyfus, Maersk, Priya Blue, Rightship and Wartsila, who are working together with NGOs Forum for the Future and WWF to help create a more environmentally sustainable maritime industry by 2040.

Oldendorff usually has around 700 bulk carriers under operation at any one time. Since 2014, the firm has invested in around 60 'eco' newbuilds featuring low fuel consumption and reduced emissions compared with older ships.

Most of Oldendorff's long-term, time-chartered ships are also 'eco' type ships.

Scott Jones, Director of Communications at Oldendorff, remarked: "Oldendorff Carriers is pleased to join the distinguished members of the SSI to share ideas and find a profitable and practical way forward on sustainability in the shipping industry. We found the SSI an excellent forum to address shipping specific sustainability issues, with like-minded companies."

Tom Holmer, General Manager of SSI, observed: "Oldendorff are a great addition to the SSI, providing the perspective of a large bulk operator into the deliberations about sustainability and long-term thinking on the maritime industry. The sharing of ideas and best practice across different organisations is a critical part of our journey towards reducing greenhouse gases, developing new technology and becoming more transparent and accountable. Oldendorff's input into these issues makes them a very welcome addition to our membership."

Back in February, Oldendorff reported that it consumed 3.5 million tonnes of marine fuel in 2017, which was a 30 percent increase on the 2.7 million tonnes used the year before and a new record for the bunker buyer.

Overall, Oldendorff's fleet of ships received 6,232 bunker deliveries, which was a year-on-year jump of 1,341, or 27.4 percent.

Commenting on the results at the time, Jens Maul Jorgensen, director of the firm's bunker desk, told Bunker Index that the rise was due to the expansion of its fleet and an increase in activities.