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Climate Adaptation

Commodities Titan Cargill Plans to Deploy Green Ships by 2030

  • Zero-carbon fueled vessels likely will be among the largest
  • Shipping industry’s decarbonization progress remains limited
A bulk carrier ship at the Cargill port terminal in Santarem, Brazil in 2017.

A bulk carrier ship at the Cargill port terminal in Santarem, Brazil in 2017.

Photographer: Dado Galdieri/Bloomberg
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Commodities trading giant Cargill Inc. expects some of its freight vessels to be powered by clean marine fuel before the end of this decade.

In 2020, Cargill shipped almost 200 million tons of iron ore, grains and other goods around the world. It has as many as 700 vessels on the water at a time, and most of them are leased. All those carriers currently are powered by oil -- as is the majority of the world’s merchant shipping fleet, which spews more carbon dioxide into the atmosphere than Germany and the Netherlands combined.