The majority of signatories to the Sea Cargo Charter (SCC) managed to reduce their carbon emissions in 2024, but not enough to meet the reduction targets set by the International Maritime Organization (IMO).
An SCC report showed that of 34 charterers and shipowners, including Anglo American, Bunge, Cargill Ocean Transportation, Maersk Tankers and Trafigura. 19 improved their emissions intensity in 2024, and nine reported higher climate alignment scores.
The report indicates the activities in 2024 by these companies were 12pc above the emissions intensity required to be aligned with the minimum IMO greenhouse gases (GHG) strategies, compared with 8.8pc above in the previous year's results.
The 2024 emissions were 18pc above the IMO's higher-end targets last year, compared with 13.5pc in 2023 (see table).
Several companies indicated that commercial and operational barriers have been affecting their scores, as have regional port limitations and challenging weather conditions.
The IMO targets a 20pc emissions reduction in international shipping by 2030, growing to a 70pc reduction by 2040, compared with 2008 levels, before achieving net-zero emissions by or around 2050.
| Results 2025 (for 2024 data) | pc | |
| Company | 2023 IMO GHG Strategy minimum trajectory | 2023 IMO GHG Strategy striving trajectory |
| ADM | 20.1% | 27.2% |
| Alvean Sugar SL | 8.0% | 14.5% |
| Amaggi AS | 33.0% | 40.9% |
| Anglo American | 14.0% | 20.9% |
| Bunge | 7.8% | 13.9% |
| Cargill Ocean Transportation | 12.0% | 18.6% |
| Chevron Shipping Company | 1.8% | 7.0% |
| COFCO International | 10.1% | 16.7% |
| Copenhagen Commercial Platform | 1.7% | 8.9% |
| Dow | 37.6% | 42.2% |
| DS Norden | 16.0% | 22.7% |
| Emirates Global Aluminium | 29.0% | 36.8% |
| Equinor | 6.8% | 12.1% |
| Global Chartering Limited | 5.2% | 10.4% |
| Golden-Agri Maritime Pte Ltd | -4.5% | -1.4% |
| Gunvor Group/Clearlake Shipping | 7.5% | 12.0% |
| Heidelberg Materials Trading | 0.5% | 6.5% |
| Holcim Trading & Shipping | -7.4% | -1.8% |
| K&S Minerals and Agriculture | 7.9% | 14.6% |
| Klaveness Combination Carriers | 6.5% | 9.1% |
| Louis Dreyfus Company | 19.4% | 26.3% |
| MC Shipping Ltd. Singapore Branch | 25.8% | 33.4% |
| Maersk Tankers | -0.1% | 5.1% |
| Navig8 Group | -7.7% | -2.6% |
| Nova Marine Carriers | 22.9% | 30.4% |
| Rubis Rnergie | 39.7% | 47.8% |
| Shell International Trading and Shipping Company Limited | 13.9% | 18.9% |
| South32 | 23.3% | 30.5% |
| Stolt Tankers B.V. | 5.2% | 8.7% |
| Tata Steel | 13.2% | 20.1% |
| TotalEnergies | 6.7% | 11.5% |
| Trafigura | -3.7% | 1.4% |
| Viterra Chartering | 17.8% | 25.0% |
| Wilmar International Limited | 22.7% | 28.4% |
| SSC | ||
