Volkswagen shipping goes green as activity remains below pre-pandemic levels — Panjiva
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Volkswagen shipping goes green as activity remains below pre-pandemic levels

Cons. Discr. - Autos 1183 ESG 61 Germany 244 Mexico 884 Mode - Bulk 136 Mode - Seaborne 1803 U.S. 5321

Volkswagen has ordered four new liquefied natural gas fuelled car carrying ships for delivery by the end of 2023 as it looks to reduce its carbon emissions. The firm has a significant exposure to the EU’s inclusion of shipping in the Emissions Trading Scheme. Shipments from Germany accounted for 54.7% of U.S. seaborne imports linked in the 12 months to June 30. Volkswagen’s activity has yet to return to pre-pandemic levels with U.S.-seaborne import handling by the firm’s in-house shipping line decreased by 30.8% year over year in Q2’21 versus Q2’19. Nissan’s in-house carrier faces a simi...

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