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Tuesday, November 9, 2021 

Teck Resources and Oldendorff Carriers have concluded an agreement to employ energy efficient bulk carriers for shipments of Teck steelmaking coal from the Port of Vancouver to international destinations, reducing CO2 emissions in the steelmaking coal supply chain by an estimated 30% to 40%, equivalent to up to 45,000t/yr of CO2.

Oldendorff says its fleet of ‘Eco’ bulk carriers can achieve significant fuel savings, owing to their energy-saving design, fuel-efficient engines, maximising cargo size and utilising advanced voyage optimisation. Oldendorff’s fleet of approximately 700 bulk carriers from Handy size to Cape size gives Teck shipping flexibility and reduced carbon intensity on each voyage.

Don Lindsay, President and CEO, Teck, said: “Partnering with Oldendorff to reduce the emissions associated with transportation of our steelmaking coal is one of the ways Teck is reducing our carbon footprint and taking action on climate change. As part of our climate strategy, we are committed to working with transportation providers to reduce emissions downstream of our business.”

Peter Twiss, CEO Oldendorff Carriers, said: “Oldendorff Carriers is very pleased to collaborate with Teck on this effort to reduce CO2 emissions in the bulk supply chain. By working together with the Teck logistics team and challenging fundamental logistic concepts, we were able to develop an environmentally optimised delivery program. Using our fleet of ‘Eco’ bulk carriers in this re-envisioned delivery program, the CO2 emissions will be reduced significantly.“

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