Freight
Strong Financial Results
In a challenging environment – where China’s zero-Covid policy constrained the country’s import appetite and the Russia-Ukraine crisis adversely affected energy prices – the Platform delivered strong financial results, navigating record volatility with strong risk management expertise, a fuel-efficient fleet and a methodical vessel positioning strategy.
Broadened Customer Base
We grew our customer base on the cargo side, which helped us achieve growth, despite significant disruptions to core flows impacted by the Russia-Ukraine crisis and high port congestion globally throughout the year.
Sustainability Advances
We progressed on our decarbonization and digitalization agenda, with a dedicated team advancing a wide range of innovative sustainability projects, and delivered our first independently verified Sea Cargo Charter emissions report.
Sébastien Landerretche
Head of Freight
“In the wake of feasibility studies and collaborative initiatives, LDC is committed to accelerating its direct contribution to shipping decarbonization, through a range of decisive investments, spanning voyage optimization systems, innovative emission reduction technologies and fuel alternatives trials.”
More Freight Highlights
Carried out two sets of successful biofuel trials – one with our Juice fleet in the Atlantic, and another for a third-party client in the Pacific.
Installed sensors on board vessels to measure and improve efficiency, and commissioned a feasibility study on wind propulsion and hull coating paints.
Drove strong performance with predictive model and accrued digital eco-system integration – from data to decision-making.
Grew overall volumes shipped slightly, with third-party sales now accounting for 55% of total freight.
Continued investment in talent, particularly reinforcing expertise in our operations and laytime capabilities, and launching a Freight Operations Graduate Program.
Signed additional newbuilding contracts, bringing the total to 12.
6 years
the average age of our core fleet
↑8%
growth in third party volumes shipped
250
vessels in our global chartered fleet
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