Germany-based dry bulk shipowner and operator Oldendorff Carriers has become a member of the Sustainable Shipping Initiative (SSI), which is a coalition of the global shipping companies.

Members of the SSI are currently working together to help create a more environmentally sustainable maritime industry by 2040.

Apart from Oldendorff, ABN-Amro, AkzoNobel, Bunge, China Navigation, IMC Shipping, Lloyd’s Register, Louis Dreyfus, Maersk, Priya Blue, Rightship, and Wartsila are involved in the initiative.

SSI general manager Tom Holmer said: “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.”

“We found the SSI an excellent forum to address shipping-specific sustainability issues.”

SSI also works with non-governmental organisations, including Forum for the Future and World Wildlife Fund (WWF) to achieve its goal.

Oldendorff Carriers Communications director Scott Jones said: “We found the SSI an excellent forum to address shipping-specific sustainability issues with like-minded companies.”

The company is primarily involved in the operation of around 700 bulk carriers.

Since 2014, Oldendorff has invested in around 60 ‘eco’ newbuild vessels, which have been delivered from China, South Korea, and Japan.

The vessels are equipped with low fuel consumption solutions and significantly reduced emissions than the older ships.

Oldendorff’s long-term time chartered ships also belong to ‘eco’ type ships.