Hong Kong shipowner Wah Kwong Maritime Transport is teaming up with utility CLP Group to promote carbon offsetting for shipping.
Wah Kwong said it had a signed a memorandum of understanding with the Hong Kong power company's CLP Innovation Enterprises unit to help raise awareness of decarbonisation in shipping.
As part of the agreement, Wah Kwong will buy carbon credits from CLP to offset the emissions of its business and the fuel it purchases for its fleet.
