In sea way transport aspect, ship traffic affords 90% in global transportation, the total carbon dioxide emissions accounted for 1.8% ~ 2% globally. Therefore, relative to the air and land transport, ship traffic is the most outstanding green modes of transport. But the International Clean Transportation Association’s report said that in order to ton-km basis calculated, the last three years an average annual increase of sea way transport increase 5% per year. According to the International Maritime Organization (IMO) scientific investigation report, in 2007, the emissions of carbon dioxide of vessels was 1.12 billion tons, standing 3.5% in global. The report shows that the developing of global ocean shipping and sea trade relationships and fuel consumption made the emission of carbon dioxide grown rapidly in the global environment; if we do not note it, water transport will release 30 percent carbon dioxide in 2020, reaching 1.475 billion tons. Donald • Gregory is in charge of shipping industry and environmental work in British Petroleum, he recently said that it is estimated that the global 70000 vessels annually consume about 200 million tons of fuel, and it will consume 350 million tons of fuel in 2020. Nowadays, the carbon dioxide emissions of vessels account for 4% of total emissions, as global trade increases, the amount of emissions will increase 75% in the next 15 to 20 years. The carbon dioxide emissions of shipping and aviation industry are rising rapidly. In future, it will spend trillions to reduce emissions of carbon dioxide for environmental improvements.  

At the moment, there are some emission reduction measures:

1. The recent measures:

1) update the fuel consumption; 2) energy-efficient design and management plan, using the test model estimates of CO2 emissions index of new vessels; 3) voluntary or mandatory reporting the CO2 index; 4) strictly limit the leakage rate of cooling agent gas; 5) improve traffic control, fleet management, cargo operations and energy efficiency;

2. Mixed mechanism:

1) Emission charges – limits – trading and / or charge global fuel tax; 2) industry and government inter – a voluntary basis.

3. Long-term measures:

1) Technical measures for ship index when designs; 2) use different fuel; 3) mandatory CO2 Index for design new ships; 3) CO2 operational index of the external verification system; 4) emissions trading mechanisms and / or the clean development mechanism; 5) port imposition of CO2 emissions tax.

1. Environment issues: for example reduce emission. Methods: use clean fuel, clean cars, full loaded, etc.
2. PPP (People, Planet and Profit): Transport is one of the sectors of the economy with the most challenging tasks facing decision makers. Decision-making needs to balance economic, environmental and social goals.  Methods: pre-calculations, ROI, financially sound, effective value chain, etc.
3. Networks: information communication is the most important aim on networks. Non-paper business not only means computerize but also considered the environment. Methods: set regional network in a company; create operation system to manage business in every agent, etc.
4. Fluency and efficient supply chain. Good business relationship is the key performance and push every process advance quickly is important as well.

    Hope to hear your feedback.

As one of the major multinational enterprises in the world, China Ocean Shipping (Group) Company (COSCO) is China’s largest and the world’s leading Group specializing in global shipping, modern logistics and ship building and repairing.

Since 1998, COSCO has identified its business strategies that are to “transform the role of the Group from a global shipping carrier to a global logistics service provider” and “transform its transnational businesses to be multinational companies”, together with the objectives of “consolidating and developing the leading status in shipping and logistics as one of the world’s top 500 companies”, putting its development on the fast, healthy and scientific track. In the new century, the COSCO has begun to yield remarkable business results. Since 2004, the COSCO has created an annual return of over 10 billion RMB, being one of the 10 most profitable central companies in China. With its US$ 15.4135 billion (122.8825 billion RMB) in annual revenue, COSCO was successfully listed as the 488th of Fortune Global 500 in 2006; in 2007, COSCO secured the 405th of the list with its US$ 20.84 billion (158.5135 billion RMB).

COSCO owns or operates a fleet of more than 800 modern merchant vessels with a total capacity of over 50 million DWT and an annual shipping volume of over 400 million tons, covering over 1,500 ports in 160 countries and territories across the globe, ranking China’s first and world’s second in general. In specific, the containers fleet ranks No.1 in China and No.6 in the world; the dry bulk fleet ranks the top in the world; the general cargo and specialized fleet such as heavylifts is among the top ones in the world; the oil tanker fleet boasts some 300,000-dwt VLCCs and ranks the first in China. Hundreds of Group members home and abroad have been networking globally in ocean shipping businesses and logistics services, with its headquarters in Beijing while radiating towards Hong Kong, Japan, Singapore, the US, Europe, Australia, Korea, South Africa and the West Asian regions, holding more than 1000 business entities in over 50 countries and territories around the world.

Now, the “COSCO” brand has been an important part of its intangible assets as the ships and containers with the “COSCO” logo on are always busy around the world, functioning as an image or symbol of China. The business prowess of the COSCO has widely recognized in the world and its best practices have been adopted by many of its counterparts.

The mission of COSCO is: ‘consolidating and developing our world leading status in shipping, logistics and ship building and repairing by maintaining a relationship of integrity and trust with our customers, employees and partners, yielding best returns for our shareholders, the society and environment.