The conversation delves into climate action and the industry’s response to the deferral of the IMO’s Net Zero framework.
Laurence expresses his frustration with the delay but stresses the need to move forward based on three key principles: well-to-wake thinking, efficiency first, and fuel flexibility. He highlights Odfjell’s 54% reduction in carbon intensity since 2008, achieved through operational discipline and smart investment.
They also discuss the near net-zero voyage of Bow Olympus, equipped with suction sails and powered by certified B100 biofuel. The voyage demonstrated the technical and economic viability of sustainable fuel, achieving near-zero emissions at only a 15% cost premium.
Laurence attributes this success to Odfjell’s collaborative culture and its “common bottom line,” where operational and financial decisions go hand in hand.