Decarbonizing Maritime Transport

Strong demand pull and willingness to pay from end customers offsets small increase in end-product price Vessel type and owner Transported good Typical route Container 1 pair of jeans 1 banana 1 TV Dry Bulk 1 ton of iron ore D о Added cost to end product¹ End-product USD Relative price increase of end product¹ Jeans in store 0.13 Typical shipping end client <1% H&M Levi's Banana in 0.04 20% Walmart supermarket Ahold Delhaize Novo Nordisk to suppliers: Switch to green transport or lose us as a customer Major pharmaceutical company Novo Nordisk now tells its 60,000 suppliers that they must both produce and transport their products 100% sustainably from 2030 TV 4 2% amazon SAMSUNG Ton of iron 10 10% Rio Tinto ore delivered BHP Increase of steel 15 4% cost TATA ArcelorMittal Car production 80 <1% cost Mercedes-Benz Tanker 1 ton of ammonia EBIC Ton of ammonia 7 2% NH3 Increase in EU nitrates cost 2 1% OCI 1. Using 100% ammonia, increasing the cost of transportation by ~60%, 2035 Source: Energy Transition Commission Ahold Delhaize 32

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