Evergreen Marine And X-Press Feeders Sign MOA For Launch of Green Shipping Routes in Europe

HAMBURG (1 February 2024) – Global container shipping line Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vessels on green methanol and operate them within Europe.

As one of the world’s largest container shipping companies and a key customer of X-Press Feeders, the agreement by Evergreen is a significant statement of leadership towards a sustainable green future. The two companies moreover will work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.

For a start, these dual fuel ships will be centred at the Port of Rotterdam and covering ports in the Baltic Sea and Scandinavia. Ultimately, the 14 dual fuel ships that X-Press Feeders has on order for delivery from 2024 Q2 through mid-2026 will be operated within Europe and the Mediterranean. 

The company has already signed a firm contract with Dutch fuel supplier OCI Global for the supply of green methanol, which is ISCC-EU (International Sustainability and Carbon Certification) certified. Also known as bio-methanol, the fuel is a renewable energy source produced from the decomposition of organic matter, such as waste and residues.

The decision to add dual-fuel vessels powered by green methanol is a key element of X-Press Feeders’ pledge to reduce its greenhouse gas emissions (CO2e) by 20% by 2035, 50% by 2040 and be net zero by 2050. 

“We are pioneering the use of dual-fuel vessels and we decided to take delivery of our vessels sooner, rather than later, because we know we need to take significant steps today to meet the targets for reductions in GHG emissions,” says Francis Goh, X-Press Feeders’ Chief Operating Officer.

“Our two companies are encouraging port operators, fuel suppliers, logistics companies, freight-forwarders and beneficial cargo owners (BCOs), etc to join us on the path to more sustainable shipping. By working together, step by step, we can achieve so much more,” he adds.

For more information on X-Press Feeders’ sustainability pledge and initiatives, go to: 

www.x-pressfeeders.com/sustainability.

For more information on Evergreen Marine’s sustainability pledge and initiatives, go to: 

https://csr.evergreen-marine.com/

About Evergreen Marine

Adopted in May 2007, Evergreen Line is the common trading name for the Evergreen Group's container shipping companies that comprise Evergreen Marine Corp. (Taiwan) Ltd., Italia Marittima S.p.A., Evergreen Marine (UK) Ltd., Evergreen Marine (Hong Kong) Ltd., and Evergreen Marine (Singapore) Pte. Ltd..

With Evergreen Marine (Asia) Pte. Ltd. joining the brand name agreement in year 2021, the six shipping companies operate a modern fleet of container ships with a combined capacity of more than 1.5 million TEU and maintain services across a broad array of trade lanes around the world.

Since its establishment, Evergreen Line has been a global brand which symbolizes innovative, reliable and sustainable marine transportation service. We continue with our mission to build efficient e-commerce platforms and to accelerate our fleet renewal program, introducing ever more eco-friendly container ships.

Evergreen Marine:

https://www.evergreen-marine.com/emc/aboutevergreen/jsp/EMC_CorporateProfile.jsp?lang=en

About X-Press Feeders 

X-Press Feeders, which was founded in Singapore in 1972, is the world’s largest independent common carrier. Starting out in Southeast Asia, we are now operating throughout Asia, Middle East, Africa, Caribbean, Latin America, Mediterranean and Europe. As ‘The Global Common Carrier’, our mission is to provide the best feeder solutions and be the feeder carrier of choice. X-Press Feeders as an independent common carrier does not own, lease, or operate any containers. We provide transportation services only to container operators and not to proprietary cargo interests or the general shipping public, allowing us to act as a trustworthy and completely impartial contractor. X-Press Feeders operates a fleet of more than 100 vessels, calling at more than 180 ports worldwide. X-Press Feeders aims to achieve net zero emission by 2050 and be the ‘Greener Feeder Carrier of Choice’. We will be the world’s first feeder carrier to operate containerships powered by green methanol.