Salzgitter Flachstahl GmbH, a subsidiary of Salzgitter AG, and Oldendorff Carriers have entered into a long-term agreement to reduce carbon emissions in maritime iron ore transport, the company said in a statement.
The partnership aims to decarbonize Salzgitter’s steel supply chain and is set to begin in January 2026.
Under the agreement, Oldendorff will transport iron ore for Salzgitter from various loading ports to Hamburg using bulk carriers operated with fuel-efficient practices.
By optimizing cargo flows and routing, the collaboration is expected to reduce CO₂e emissions by at least 20%, equivalent to approximately 19,000 tonnes of CO₂e, or more than 4,000 passenger cars removed from the road for one year.
According to the companies, these reductions represent Scope 1 emissions for Oldendorff and Scope 3 emissions for Salzgitter.
The measures are also expected to generate cost savings, as lower fuel consumption will not increase transport costs for Salzgitter.
Gunnar Groebler, Chairman of the Executive Board of Salzgitter AG, said the partnership supports the company’s SALCOS® project, which focuses on decarbonizing steel production and related processes, including logistics. “We are pleased to have Oldendorff, a long-standing partner, at our side as a strong companion on our transformation journey,” he said.
Salzgitter AG is a publicly listed German steel and technology group headquartered in Salzgitter, Lower Saxony. It operates through subsidiaries in steel production, steel processing, trading, and technology.
Oldendorff Carriers GmbH & Co. KG is a privately held German shipping company based in Lübeck. It operates one of the world’s largest dry bulk carrier fleets, providing maritime transport services for raw materials including coal, grain, and iron ore. The company manages a mix of owned and chartered vessels across multiple global routes.
