P&O Maritime - Experts & Thought Leaders

Global provider of marine solutions, P&O Maritime Logistics (a DP World Company), is unwavering in its commitment to shaping a low-carbon future. Driven by innovation, the Company’s journey towards carbon neutrality showcases the power of collaboration and shared responsibility in a robust decarbonisation pathway. Capturing the essence of this pivotal journey, Benjamin Neal’s, Head of HSSEQ, latest whitepaper titled ‘Developing P&O Maritime Logistics’ Decarbonisation Pathway’, addresses the multifaceted challenges and less-discussed obstacles to implement a decarbonisation strategy. ‘Developing P&O Maritime Logistics’ Decarbonisation Pathway’ DP World’s overarching mission to redefine global trade and logistics through accelerated innovation The pathway not only reaffirms P&O Maritime Logistics’ commitment to be carbon neutral by 2040 and generate net-zero carbon emissions by 2050, but echoes DP World’s overarching mission to redefine global trade and logistics through accelerated innovation and responsible practices as outlined in the ‘Our World, Our Future’ strategy. Highlighted by the fourth International Maritime Organization Greenhouse Gases (IMO GHG), projecting a 90% to 130% increase in maritime GHG emissions by 2050 without major decarbonisation efforts, underscores the urgency of addressing challenges and prioritising decarbonisation efforts. Identification of alternative fuel availability Among these priorities, the identification of alternative fuel availability emerges as a central concern. With extensive debate around alternative fuels such as methanol, ammonia, biofuels, hydrogen fuel cells, batteries, and even nuclear energy, P&O Maritime Logistics acknowledges the need for meticulous research to assess the suitability, availability, and practicality of these fuels in different operational regions. Martin Helweg, the Chief Executive Officer (CEO) of P&O Maritime Logistics, remarked, “Our aspirations extend far beyond business success. We are embarking on a transformative journey, carving a sustainable path for the maritime industry’s future. By charting a strategic course that addresses challenges head-on and leverages opportunities, we are not just navigating change; we are leading it.” P&O Maritime Logistics moves towards sustainability As P&O Maritime Logistics sails towards a sustainable horizon, the company tackles the challenge of navigating diverse regulatory environments. Operating in multiple countries and regions, the company is subject to a wide array of environmental regulations and standards, presenting both challenges and opportunities. P&O Maritime Logistics emphasises proactive engagement, internal expertise, and the establishment of cross-functional collaborations as essential components in navigating this complex regulatory landscape. Maritime offshore business model P&O Maritime Logistics recognises the need for alternative contract models and business approaches The maritime offshore business model’s focus on short-term contracts and cost efficiency poses a significant hurdle to decarbonisation efforts. P&O Maritime Logistics recognises the need for alternative contract models and business approaches that provide stability and incentives for decarbonisation investments. The company’s commitment to a sustainable future extends beyond mere intentions. P&O Maritime Logistics emphasises the integral role of the human element in the decarbonisation journey. Clear communication and cross-functional collaboration Clear communication, education, and engagement form the foundation of the company’s pathway, fostering a culture of environmental responsibility. Cross-functional collaboration, rewards for innovative thinking, and leadership commitment are viewed as vital components in achieving the decarbonisation goals. P&O Maritime Logistics is committed to leading the maritime industry’s transformation towards decarbonisation. By leveraging internal resources, engaging with regulatory opportunities, and nurturing a culture of innovation, the company is not only paving the way for a more sustainable future but inspiring industry players to join the transformative change.

In efforts to support Germany’s energy transition agenda, P&O Maritime Logistics will use its Multi Carrying Vessels (MCVs) to transport modular units for offshore wind power stations, which will be used to build the new Wind Farm in North Sea, Germany. Expected to commence power production in 2025, the 900-megawatt wind farm will be a key contributor to achieving Germany’s energy transition goals of fulfilling 80% of its electricity needs from renewable sources by 2030. Multi Carrying Vessels (MCVs) Since November 2022, P&O Maritime Logistics’ Multi Carrying Vessels (MCVs) has made several voyages P&O Maritime Logistics will transport the components for a Spanish EPC company, which oversees construction of the offshore substations for the Wind Farm. Since November 2022, P&O Maritime Logistics’ Multi Carrying Vessels (MCVs) has made several voyages, carrying the components from pre-fabrication yards, loaded via a shallow drafted port, in Turkey to assembly yards in Spain. Speaking about the project, Martin Helweg, the Chief Executive Officer (CEO) of P&O Maritime Logistics said: “We at P&O Maritime Logistics feel a responsibility to facilitate the development of infrastructure that will allow the adoption and integration of renewable energies, and the Wind Farm is one that will undoubtedly contribute to providing Germany with low carbon power.” Value-added marine services He adds, “We take pride in our ability to provide value-added marine services to support the development of important projects that will contribute to creating a more sustainable future.” P&O Maritime Logistics’ latest project demonstrates its commitment towards accelerating energy transition and sustainable solutions. Similar to the Wind Farm project, the company was involved in the development of offshore windfarms in the Greater Changhua Windfarm off the coast of Taiwan, a project that has powered 4.35 million homes. Coral Sul Floating LNG production unit We are delighted to be working on a project that is true to our commitment to sustainability" In addition, P&O Maritime Logistics is currently working on a five-year project supporting the Coral Sul Floating LNG production unit in Mozambique. Commenting on the partnership, Martin Helweg continues: “We are delighted to be working on a project that is true to our commitment to sustainability, our expertise in the renewable energy sector, and our capabilities as a leading provider of critical logistics.” Support for projects that accelerate energy transition He adds, “Our work has always played an important role in keeping lights on in homes and hospitals, and supporting growing economies, and we are delighted to use our extensive and versatile expertise to be at the forefront of this shift in Germany.” In the long-term, P&O Maritime Logistics continues to support projects worldwide that facilitate and accelerate the transition to greener and more sustainable energy.

P&O Maritime Logistics, a global provider of maritime services globally, has announced plans to convert one of its Multi-Carrying Vessels (MCV’s) into a Cable-Laying Vessel (CLV). Powered by alternative energy, the vessel will be the first-of-its-kind within the company’s fast-expanding portfolio of specialised offshore products and services. Set to start operations in the third quarter of 2024, the conversion aligns with P&O Maritime Logistics’ commitment to decarbonising the industry by progressively moving towards zero-carbon operations. To achieve these ambitious goals, the company’s newly converted vessel will be equipped with a state-of-the-art battery system, as well as a low fuel consumption propulsion layout for green methanol fuel. P&O Maritime Logistics’ new Cable-Laying Vessel (CLV) The new CLV will give P&O Maritime Logistics’ customers the ability to connect offshore structures Supporting P&O Maritime Logistics’ global expansion plans and product offering, the new CLV will give P&O Maritime Logistics’ customers the ability to connect offshore structures and bring offshore energy onshore by installing export and inner array cables across vast distances. The company anticipates that one of the main uses of the vessel will be to connect offshore wind farms with the mainland, marking yet another contribution in the company’s effort to enable the Green Energy Shift. Decarbonisation of the maritime industry Martin Helweg, the Chief Executive Officer (CEO) of P&O Maritime Logistics said: “The conversion of our vessel is a real step change. It means, apart from expanding our existing services and products into a more specialised offering, that we can also make a positive contribution to the decarbonisation of our industry. One way of doing this is by using alternative energy to power the converted vessel.” Martin Helweg adds, “The other important contribution is that the Cable Laying Vessel will predominately support the construction, development, and maintenance of existing and prospective wind farms. Lastly, and by repurposing an existing vessel, we are able to extend the lifetime of this particular product quite significantly to keep up with the increasing demand in the sector.” Installation of next-generation windmill infrastructure Speaking about the conversion, Marc van der Zwaluw, Project Manager at C-Job Naval Architects, said: “We are pleased to support P&O Maritime Logistics with the design of a cable-laying vessel by re-purposing an existing module carrier vessel. With the increasing demand in the offshore wind sector, this vessel will be able to meet the operational demands for the installation of next-generation windmill infrastructure thanks to its optimised deck layout.” Marc van der Zwaluw adds, “Furthermore, in close cooperation with P&O Maritime Logistics, we were able to create a design that was best suited to their operational profile. The design focused on optimised vessel performance and features a DP-2 positioning system and a low fuel consumption propulsion layout that is ready for green methanol fuel and zero emission operations.” P&O Maritime Logistics’ newly converted vessel The conversion by P&O Maritime Logistics builds on the company’s recent success in Taiwan with the Topaz Installer. The newly converted vessel will have the ability to host up to 64 seafarers and features a single basket cable carousel with an outside diameter of 24 metres. With this astounding span, a core height of 5.5, as well as a 30 tons SWL AHC subsea crane, the newly converted vessel is a testament to P&O Maritime Logistics commitment to adapt its portfolio for future energy needs. Scope 3 emissions footprint using spend-based methodology P&O Maritime Logistics, a DP World company, last completed a study calculating the Scope 3 emissions footprint using a spend-based methodology. The study will be verified through an external auditor and reported in DP World’s 2022 Annual and ESG Reports. Following the establishment of the methodology and baseline, DP World is developing a strategy to reduce Scope 3 emissions, which focuses on top emission hotspots. In 2023, DP World intends to work with key suppliers in those categories to understand their footprint and set out decarbonisation targets and strategies, jointly moving towards emission reductions.