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Search Results for: shipping
Maersk’s Greenhouse Gas Emissions Targets Validated as Industry First by SBTi
(IN BRIEF) A.P. Moller – Maersk’s ambitious greenhouse gas emissions targets have received validation from the Science Based Targets initiative (SBTi), affirming their alignment with the 1.5-degree pathway of the Paris Agreement, a milestone marking an industry first under SBTi’s … Read the full press release
Yara Reports Lower Fourth-Quarter Earnings but Sees Positive Market Trends for 2024
(IN BRIEF) Yara, a leading fertilizer company, announced its fourth-quarter financial results, revealing a decline in earnings compared to the previous year due to lower market prices and one-off position effects. Despite this, the company’s EBITDA stood at USD 586 … Read the full press release
Posted in Agriculture, Business, Chemicals, Economy, Financial, Industrial, Investment, Management, News, Norway
Tagged earnings, Financial, investment, Svein Tore Holsether, Yara
DHL Trials Hydrogen-Powered Trucks for Sustainable Freight Transport in Germany
(IN BRIEF) DHL Freight, in collaboration with Post & Parcel Germany, has initiated a one-year pilot project deploying hydrogen-powered trucks manufactured by Paul Nutzfahrzeuge GmbH at its Cologne location. These trucks, based on the Mercedes-Benz Atego, mark DHL’s commitment to … Read the full press release
Posted in Automotive, Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged DHL, Dr. Thomas Vogel, freight transport, Germany, Hydrogen-Powered Trucks, partnership, Paul Hydrogen Power-Truck, Paul Nutzfahrzeuge GmbH, Post & Parcel Germany, sustainability
Gasum to Invest €62 Million in Borlänge Biogas Plant to Boost Renewable Energy Production
(IN BRIEF) Gasum, a Nordic energy company, is set to invest over €62 million in the construction of a biogas plant in Borlänge, Sweden. This initiative is part of Gasum’s larger plan to build five large-scale biogas plants in Sweden, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Sweden
Tagged biogas plant, Borlänge, Erik Woode, Gasum, investment, partnership, renewable energy production, sustainability, Sweden
BASF Process Catalysts and Envision Energy Collaborate on Sustainable E-Methanol Production
(IN BRIEF) BASF Process Catalysts has announced a strategic partnership with Envision Energy to advance the conversion of green hydrogen and CO2 into e-methanol through an innovative process design. Leveraging BASF’s cutting-edge SYNSPIRETM catalyst technology, the collaboration aims to optimize … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News
Tagged BASF Process Catalysts, CHINA, Detlef Ruff, e-methanol, Envision Energy, Frank Yu, partnership, sustainability, SYNSPIRETM
ÖBB Rail Cargo Group (RCG) Expands TransFER Service, Forging a Direct Rail Link to Rotterdam
(IN BRIEF) ÖBB Rail Cargo Group (RCG) is enhancing its TransFER service by introducing a direct rail connection between Linz, Duisburg, and Rotterdam, creating efficient freight transport between Austria, Germany, and the Netherlands. Rotterdam, one of the world’s largest seaports … Read the full press release
Posted in Austria, Industrial, Infrastructure & Utilities, Netherlands, Transportation & Logistics
Tagged Clemens Först, freight transport, logistics, Matthijs van Doorn, ÖBB Rail Cargo Group, Port of Rotterdam Authority, rail freight transport, rail logistics, RCG, Rotterdam, seaports, TransFER, transhipment
Imerys Confirms Key Locations for EMILI Lithium Project in France
(IN BRIEF) Imerys, the world leader in specialty minerals for industry, has confirmed the locations for its EMILI project, aimed at lithium extraction and production for batteries. The company has chosen La Loue, in the city of Saint-Victor near Montluçon, … Read the full press release
EBRD Sets Investment Record of €2.1 Billion in Ukraine for 2023, Focusing on Recovery and Reconstruction
(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a significant increase in investments in Ukraine, deploying a record €2.1 billion, following €1.7 billion in 2022. The EBRD’s investment efforts were directed toward supporting Ukraine’s recovery … Read the full press release
Posted in Banks, Business, Construction, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Ukraine
Tagged EBRD, investment, Odile Renaud-Basso, partnership, reconstruction, recovery, sustainability, UKRAINE
Windward Offshore Expands Order for Hybrid CSOVs from Vard
(IN BRIEF) The Windward Offshore consortium has exercised options to expand its contract with Vard, a subsidiary of the Fincantieri group, for the design and construction of two additional hybrid Commissioning Service Operation Vessels (CSOVs), bringing the total to four … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology, Transportation & Logistics
Tagged Blue Star Group, Diana Shipping Inc., Fincantieri, Hybrid CSOVs, partnership, sustainability, Vard, Windward Offshore
DNV and SDTR Marine Collaborate on CCS Feasibility Study for Bulk Carrier
(IN BRIEF) DNV and SDTR Marine, a Singapore-based shipping company, have joined forces in a Joint Development Project (JDP) to conduct a feasibility study on Carbon Capture and Storage (CCS) for SDTR Marine’s 85,000 dwt Kamsarmax bulk carrier. The collaboration … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Norway, Technology, Transportation & Logistics
Tagged carbon capture and storage, CCS, Cristina Saenz de Santa Maria, decarbonizing shipping, DNV, feasibility study, Gao Dehui, JDP, Joint Development Project, Kamsarmax bulk carrier, maritime, maritime vessels, SDTR Marine, shipping, Singapore
Maersk and Hapag-Lloyd Announce ‘Gemini Cooperation’ for Enhanced Ocean Network
(IN BRIEF) Maersk and Hapag-Lloyd, two major shipping companies, have unveiled a new operational collaboration named the “Gemini Cooperation,” set to commence in February 2025. The partnership aims to provide a flexible and highly reliable ocean network, with a combined … Read the full press release
bp Expands European C&I Energy Presence with Acquisition of GETEC ENERGIE GmbH
(IN BRIEF) bp, the global energy company, is set to expand its presence in the European commercial and industrial (C&I) energy supply sector with the acquisition of GETEC ENERGIE GmbH, a prominent energy supplier in Germany. This acquisition will strengthen … Read the full press release
SGS Approved as Pre-Export Verification Provider for Oil and Gas Equipment in Uganda
(IN BRIEF) The Petroleum Authority of Uganda (PAU) and Uganda’s National Bureau of Standards (UNBS) have granted approval to SGS to offer Pre-Export Verification of Conformity (PVoC) services for equipment and materials intended for Oil and Gas projects in Uganda. … Read the full press release
GTT Secures Orders for Two Advanced LNG Carriers from South Korean Shipyards
(IN BRIEF) GTT, a leading engineering company specializing in membrane containment systems for the liquefied natural gas (LNG) industry, has announced receiving two orders in 2023 for the tank design of new Liquefied Natural Gas Carriers (LNGC). The first vessel, … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged GTT, LNG carriers, partnership, shipyards, South Korea, sustainability
Surge in Orders for Alternative-Fueled Ships Signals Maritime Industry’s Green Transition
(IN BRIEF) DNV’s Alternative Fuels Insight (AFI) platform reported a significant increase in orders for ships with alternative fuel propulsion in 2023, totaling 298, marking an 8% year-on-year rise. Notably, methanol gained prominence with 138 orders, nearly on par with … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged Alternative Fuels Insight (AFI) Ships, DNV, green transition, Knut Ørbeck-Nilssen, maritime industry, Martin Wold, partnership, sustainability
DHL Partners with Astrobotic to Deliver Lunar Mementos: A Giant Leap in Space Logistics
(IN BRIEF) DHL, a global logistics leader, has collaborated with space technology company Astrobotic to make lunar deliveries a reality. As part of NASA’s Commercial Lunar Payload Services initiative, the Astrobotic Peregrine Lunar Lander successfully launched from Cape Canaveral, Florida, … Read the full press release
Denmark and Maersk Join Forces with India in Green Fuels Alliance to Accelerate Sustainable Energy Solutions
(IN BRIEF) Denmark has launched the Green Fuels Alliance India (GFAI) initiative in collaboration with A.P. Moller – Maersk and other organizations, aiming to boost sustainable energy solutions and advance their global goal of carbon neutrality. GFAI will foster innovation, … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics
Tagged Brdr. Christensen, Danfoss, Denmark, energy solutions, European Sustainable Solutions, Green Fuels Alliance, H.E. Freddy Svane, Hydrogen Denmark, INDIA, Jillian Evanko, Maersk, Mash Makes, Morten Bo Christiansen, Mr Tejs Laustsen Jensen, Novozymes, partnership, sustainability, Topsoe, Umwelt Energy
Yokohama Port Collaborates with Mitsubishi Gas Chemical and Maersk to Develop Green Methanol Bunkering Infrastructure
(IN BRIEF) The City of Yokohama, in partnership with Mitsubishi Gas Chemical (MGC) and Maersk, has signed a Memorandum of Understanding (MoU) to advance the creation of green methanol bunkering infrastructure at the Port of Yokohama in Japan, which houses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Transportation & Logistics
Tagged APM Terminals, Dr. Takeharu Yamanaka, Green Methanol Bunkering Infrastructure, Japan, Maersk, Masashi Fujii, Minami-Honmoku, Mitsubishi Gas Chemical, partnership, Sakura Kuma, sustainability, Yokohama Port
Maersk Joins Forces with Yokohama and Mitsubishi for Green Methanol Bunkering in Japan
(IN BRIEF) A.P. Moller-Maersk (Maersk) has signed an MoU with the City of Yokohama and Mitsubishi Gas Chemical (MGC) to collaborate on establishing green methanol bunkering infrastructure in Yokohama, Japan. This partnership aligns with Maersk’s goal of achieving net-zero emissions … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Transportation & Logistics
Tagged Dr. Takeharu Yamanaka, Green Methanol Bunkering, Japan, Maersk, Masashi Fujii, Mitsubishi Gas Chemical Company, partnership, sustainability, Toru Nishiyama, Yokohama City
International Consortium Invests $455 Million in Damietta Port’s Container Terminal Expansion in Egypt
(IN BRIEF) An international consortium of institutions is lending vital support to the development of a second container terminal at Damietta Port in Egypt, a project set to triple the port’s container capacity and enhance its competitiveness. The project is … Read the full press release
SGS Farmingdale Laboratory Receives US Coast Guard Approval for Flammability Testing
(IN BRIEF) SGS’s flammability testing laboratory in Farmingdale, New York, has received approval from the United States Coast Guard (USCG) as an Accepted Independent Laboratory. This accreditation allows SGS to offer a comprehensive range of flammability testing, inspection, and certification … Read the full press release
Global Logistics Revolution: Vodafone and Industry Titans Drive Cargo Automation
(IN BRIEF) Vodafone, Sumitomo Corporation, Deloitte, and Nexxiot have formed a strategic partnership to offer advanced digital services that streamline the global movement of goods. This collaborative effort aims to automatically verify data related to cargo movement and content, enabling … Read the full press release
Posted in Business, Industrial, Management, Technology, Telecom, United Kingdom
Tagged autonomous freight handling, cargo, DAB platform, Deloitte, digital transformation, Economy of Things, freight handling, Helena Lisachuk, Jorge Bento, KYX, logistics, Nexxiot, Pairpoint, Pairpoint Digital Asset Broker, Stefan Kalmund, Sumitomo Corporation, trade compliance, vodafone
Yara Expands Organic-Based Fertilizer Business with Acquisition of Agribios Italiana
(IN BRIEF) Yara, a global leader in agricultural solutions, has announced the acquisition of Agribios Italiana’s organic-based fertilizer business, strengthening its commitment to regenerative agriculture and soil health in Europe. By combining Agribios’ expertise in organic-based fertilizers with Yara’s reach … Read the full press release
Posted in Agriculture, Business, Chemicals, Economy, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Norway, Technology
Tagged acquisition, Agribios Italiana, Fertilizer Business, Giovanni Ravagnan, Mónica Andrés Enríquez, organic, Organic Farming, partnership, sustainability, Yara
Alfa Laval Chosen for Maersk’s Pioneering Methanol Retrofit Project
(IN BRIEF) Alfa Laval’s FCM Methanol fuel supply system has been selected by Maersk for their groundbreaking methanol retrofit project on the container vessel Maersk Halifax. This achievement highlights the viability of retrofitting ships for methanol-based propulsion, marking a significant … Read the full press release
DHL Express Appoints New CEOs for Europe and Americas Regions
(IN BRIEF) DHL Express has announced the appointment of new regional CEOs for its Europe and Americas regions. Mike Parra, the current Americas CEO, will take on the role of CEO for DHL Express Europe. Andrew Williams, the current CEO … Read the full press release
Posted in Business, Germany, Government, Industrial, Management, News, Transportation & Logistics
Tagged Americas, Andrew Williams, appointment, CEOs, DHL, Europe, John Pearson, leadership, Mike Parra
EIB Group Partners with Mission Innovation to Advance Clean Energy Innovation Globally
(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and the European Investment Fund, has announced a partnership with Mission Innovation to promote clean energy innovation on a global scale. The collaboration aims to facilitate access … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, clean energy, EIB, EIF, Eleanor Webster, INNOVATION, Maroš Šefčovič, Mission Innovation, partnership, sustainability
ABP Appoints Lex Hanham to Drive UK Clean Energy Transition Efforts
(IN BRIEF) In preparation for an active and sustainable 2024, Associated British Ports (ABP) has welcomed Lex Hanham to its Business Development team, where she will lead initiatives aimed at accelerating the UK’s clean energy transition. With over 15 years … Read the full press release
Ørsted’s Historic Carbon Capture Project in Denmark Takes Flight
(IN BRIEF) Ørsted has commenced construction on two carbon capture facilities at the Asnæs Power Station and Avedøre Power Station in Denmark, marking the country’s inaugural full-scale carbon capture endeavor. This project, backed by a 20-year contract from the Danish … Read the full press release
Posted in Business, Construction, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Asnæs Power Station, Avedøre Power Station, Carbon Capture Project, Denmark, Lars Aagaard, Mads Nipper, Martin Damm, Ole Thomsen, partnership, sustainability, Søren Friis Trebbien, Ørsted
EU-Catalyst Partnership Announces €240 Million Investment in Groundbreaking Green Tech Projects
(IN BRIEF) At COP28 in Dubai, Commission President Ursula von der Leyen, Bill Gates, Founder of Breakthrough Energy, and European Investment Bank President Werner Hoyer revealed the first two European projects selected for support through the EU-Catalyst partnership: Ørsted’s FlagshipONE … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Bill Gates, EIB, Energy Dome’s Ottana CO2 Battery, EU-Catalyst, Green Tech Projects, investment, partnership, sustainability, Ursula von der Leyen, Werner Hoyer, Ørsted’s FlagshipONE
DHL’s Hillebrand Gori to Ensure Smooth Wine Logistics for International Wine Challenge
(IN BRIEF) Hillebrand Gori, a subsidiary of DHL, has formed a strategic partnership with the International Wine Challenge (IWC) to become its logistics partner. Starting in 2024, Hillebrand Gori will handle the transportation of all consolidated wine samples for the … Read the full press release
DHL Breaks Ground on Carbon-Neutral European Innovation Center in Troisdorf, Pioneering Sustainable Timber Construction
(IN BRIEF) DHL is commencing the construction of a state-of-the-art, carbon-neutral European Innovation Center in Troisdorf, Germany, representing the company’s first venture into timber construction and a strong commitment to sustainability. Set to be completed in April 2025, the new … Read the full press release
Posted in Business, Construction, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Alexander Biber, carbon-neutral, DHL, Europe, Germany, Innovation Center, Katja Busch, partnership, sustainability, Sustainable Timber Construction, Troisdorf
Yara Launches YaraAmplix™ Biostimulants to Enhance Crop Resilience Amid Climate Challenges
(IN BRIEF) Yara, a global agricultural solutions provider, has introduced a new brand of biostimulants called YaraAmplix™ to help farmers combat the challenges posed by climate change on crop production. These biostimulants are formulated with natural ingredients such as seaweed … Read the full press release
Posted in Agriculture, Chemicals, Industrial, Italy
Tagged Biostimulant World Congress, biostimulants, climate change, crop resilience, crops, farmers, Rejane Souza, Svein Tore Holsether, Yara, YaraAmplix™
Sports Brand PUMA Chooses Maersk’s Rijeka Facility for Faster Deliveries
(IN BRIEF) Maersk has welcomed sports brand PUMA as its second customer at its warehouse near Rijeka, Croatia, which became operational in July 2023. PUMA’s first shipments were efficiently handled at the modern 12,000 sqm warehouse, located close to the … Read the full press release
Viasat’s Arctic Satellite Broadband Project Moves Forward with Successful Thermal Vacuum Testing
(IN BRIEF) Viasat, a global leader in satellite communications, has achieved a significant milestone in its Arctic Satellite Broadband Mission. The second satellite in the project, led by Space Norway subsidiary Heosat, has completed thermal vacuum testing at Northrop Grumman’s … Read the full press release
Yara International and Northern Lights Sign Historic Agreement for Cross-Border CO2 Transport and Storage
(IN BRIEF) Yara International, a global ammonia player, has entered into a significant commercial agreement with Northern Lights, a CO2 transport and storage provider, to enable the cross-border transportation and storage of CO2. This collaboration aims to reduce Yara’s annual … Read the full press release
Europris Partners with Maersk to Achieve Significant Greenhouse Gas Reductions in Seaborne Logistics
(IN BRIEF) Europris, a leading retail company in Norway, has selected Maersk’s ECO Delivery product to make substantial reductions in greenhouse gas (GHG) emissions associated with its seaborne logistics. The collaboration aims to align with Europris’ strategic goal of reducing … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, News, Norway, Retail, Technology, Transportation & Logistics
Tagged Birna Odefors, ECO Delivery Ocean, Europris, Greenhouse Gas Reductions, Maersk, Norway, Pål-Christian Andersen, partnership, Seaborne Logistics, sustainability
Alfa Laval Joins Global Effort at COP28 to Accelerate Transition to Net-Zero Emissions
(IN BRIEF) Alfa Laval, as part of the Swedish delegation to COP28, is actively participating in discussions and collaborations to expedite the transition to net-zero emissions by 2050. The company’s focus revolves around the systemic shift in key industries, including … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, Media, News, Sweden, Technology
Tagged Alfa Laval, climate change, COP28, net-zero emissions, partnership, sustainability, transition
EBRD and Green Climate Fund’s High-Impact Programme Aims to Transform Hard-to-Abate Sectors for Net-Zero Goals
(IN BRIEF) The transition to a net-zero economy presents significant challenges for various industries, especially “hard-to-abate” sectors such as cement, steel, chemicals, mining, shipping, and aviation. These sectors contribute to about 30% of global emissions, making their transition crucial. The … Read the full press release
Associated British Ports and Taiwan International Ports Corporation Collaborate on Floating Offshore Wind Development
(IN BRIEF) Associated British Ports (ABP) has signed a memorandum of understanding (MOU) with Taiwan International Ports Corporation (TIPC) to collaborate on floating offshore wind (FLOW) projects. The MOU allows for information sharing and experience exchange related to FLOW port … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Andy Reay, Associated British Ports, Floating Offshore Wind Development, Henrik L. Pedersen, Hsien-yi Lee, John Dennis, partnership, Shu-hui Cheng, sustainability, Taiwan International Ports Corporation
Bentley Introduces Adorable Teddy Bear Collection for Car Enthusiasts
(IN BRIEF) Bentley has introduced a charming collection of teddy bears, known as the Bentley bears, now available for adoption on shop.bentleymotors.com and in Bentley showrooms. These cuddly characters are designed to capture the hearts of car enthusiasts and collectors … Read the full press release
Posted in Automotive, Business, Industrial, Management, Marketing, News, Retail, United Kingdom
Tagged Bentley, car enthusiasts, Teddy Bear Collection