Svitzer signs global EcoTow agreement with Wallenius Wilhelmsen to drive decarbonization

Svitzer announced April 14 that it has signed a global EcoTow agreement with the Wallenius Wilhelmsen group.

Svitzer said the agreement marks a major step in its decarbonization journey and supports Wallenius Wilhelmsen’s ambition to reduce scope 3 emissions across Svitzer’s global operations.

The agreement covers tug jobs across key markets such as Australia, the U.K. and Scandinavia.

By applying the mass-balance principle, Svitzer can use biofuels across its network and bank the resulting CO2 savings in its emissions ledger.

These are then allocated to Wallenius Wilhelmsen, allowing the company to reduce emissions related to towage.

“This collaboration demonstrates the importance of partnerships in our decarbonization efforts,” said Ove Moring, Wallenius Wilhelmsen’s senior manager for supplier contracting and equipment.

“Working with a like-minded partner like Svitzer gives us a reliable path to reduce emissions beyond our direct operations,” Moring said.

Sven Muchardt, Svitzer’s key-customer manager, highlighted the value of the agreement.

“We are excited to partner with Wallenius Wilhelmsen on this initiative to help address the shared challenges of decarbonization,” Muchardt said. “This agreement strengthens our collaboration while supporting both companies’ strategic goals.”

The deal reflects a growing customer demand for voluntary emissions-reduction schemes that go beyond regulatory requirements.

It also illustrates how Svitzer’s differentiated approach can support customers in accelerating their climate strategies.

“We see EcoTow not only as a solution for today, but as a bridge to more transformative change,” said Gareth Prowse, Svitzer’s head of decarbonization.

“These agreements show that our customers are ready to act now, not later,” Prowse said.