Covestro will from now on ship its plastic precursors on ships of Tailwind Shipping Lines, a subsidiary of German food retailer Lidl. Since this year, the discount giant has been developing its own capacity in sea freight due to the continuing difficulties of large shipping companies on the busy sea routes between Europe and Asia, said the company.
Currently, two of its own ships and two additional chartered ships belong to Tailwind Shipping Lines. In addition to the non-food products from and for Lidl, Tailwind offers space on these ships also for interested companies. Covestro uses this now to also become more independent from the busy main routes and shipping companies and to increase the speed and punctuality of its own deliveries.
"Ocean shipments have been severely disrupted since the pandemic began, and the scheduling accuracy of large shipowners has fallen from 70 to 20 percent," says Sucheta Govil, Chief Commercial Officer at Covestro. "To increase our reliability and punctuality, we are therefore actively looking for alternatives. With Tailwind, we have found a partner to navigate the direct route from Asia to Europe with its ships - and who is therefore exactly where it helps us."
We remind, Covestro is taking another major step forward on its path to climate neutrality. The company has signed several multi-year power purchase agreements (PPA) with CGN New Energy, including one that will cover around 30 percent of the electricity needs of the important production site in Shanghai.
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector.
mrchub.com