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CMA CGM Group net income sharply up; to operate 44 LNG-powered vessels by end of 2024

The company recorded net income of USD 2.078 billion in Q1 2021, significantly higher than net income of USD 48 million in the similar period last year.

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Worldwide shipping and logistics company CMA CGM Group on Friday (4 June) posted a sharp increase in net income for the first quarter (Q1) of 2021 due to an increase in demand for consumer goods.

It recorded net income of USD 2.078 billion in Q1 2021, significantly higher than net income of USD 48 million in the similar period last year.

First-quarter revenue stood at USD 10.7 billion, up 49.2% from the first quarter 2020, which was impacted by a slowdown in international trade due to lockdown measures, particularly in China.

Notably, the Group said it will be operating a fleet of 44 LNG-powered vessels by the end of 2024.

“LNG is currently the best and most readily available solution for reducing shipping’s environmental footprint and preserving air quality, which is a major public health concern,” it states.

“It reduces sulfur oxide emissions by 99%, particulate matter emissions by 91%, and nitrogen oxide emissions by 92%, far exceeding current local and international regulations.

“LNG also represents an initial response in the fight against global warming. This technology is one of the first steps towards achieving the objective of carbon neutrality that the CMA CGM Group has set itself for 2050.”

In April 2021, the Group ordered 22 new vessels to be delivered between 2023 and 2024:

  • six 13,000-TEU vessels powered by liquefied natural gas (LNG);
  • six 15,000-TEU vessels powered by LNG;
  • ten 5,000-TEU vessels powered by very low sulfur fuel oil (VLSFO).

The Group also confirmed it would be deploying six new LNG-powered 15,000-TEU vessels between China and the U.S. West Coast by the end of 2022. The first vessel will join the Group’s fleet in October 2021.

The current environment should allow the Group to achieve at least the same results in the second quarter of 2021, as it did in the first.

“The sustained demand for the shipping of consumer goods seen since the summer of 2020 is expected to continue in the second half of 2021,” it said.

“The Group will continue to invest in strengthening and upgrading its shipping and logistics assets while bolstering its financial structure.

“As part of its commitment to customers around the world, the Group will continue to deploy solutions to support their business activity and ensure the continuity of their supply chains.”

CMA CGM in early April launched the first low-carbon biomethane-based shipping solution as part of its trajectory toward carbon neutrality by 2050.

The Group is supporting the production of 12,000 tonnes of biomethane (equivalent to the consumption of  two LNG-powered 1,400 TEU vessels for a year), a renewable green gas produced from, among other things, organic and plant waste from European farms and that is used at methane conversion plants.

Along with the dual-fuel gas engine technology currently used in LNG vessels, the Guarantee-of-Origin biomethane solution reduces well-to-wake (i.e. whole life cycle) greenhouse gas emissions (including CO2 emissions) by 67%.

Related: CMA CGM: Biomethane bunker fuel option to reduce CO2 emissions by at least 67%
Related: CMA CGM biomethane bunker fuel option reduces GHG emissions for clients

 

Photo credit: CMA CGM
Published: 21 May, 2021

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Alternative Fuels

ClassNK updates safety guidelines for alternative-fuelled ships

The classification society says it has revised the safety requirements within its guidelines for ships using methanol, ethanol and hydrogen as marine fuels.

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Classification society ClassNK on Tuesday (18 August) said it has revised the safety requirements within its guidelines for ships using methanol, ethanol and hydrogen as marine fuels. 

In Part D of the guidelines, covering hydrogen-fuelled ships, the revision incorporates the Interim Guidelines for the Safety of Ships Using Hydrogen as Fuel (MSC.1/Circ.1701) issued by the IMO this year, and additionally introduces a hydrogen leak frequency table that can be used for the safety assessments required under the IMO guidelines. 

In Part A, covering methanol and ethanol-fuelled ships, new structural strength requirements for methanol/ethanol fuel tanks—which are not addressed in the IMO guidelines—have been established. 

“Through this revision, shipyards, designers, and shipowners can carry out design and safety assessments in line with the latest international standards, and by utilizing ClassNK’s own leak frequency estimates and the relevant requirements, they can proceed the development of alternative-fuelled ships in a more rationally,” ClassNK said in a statement. 

As the building of alternative-fuelled ships advances in response to the global challenge of reducing GHG emissions, ClassNK has comprehensively compiled the safety requirements for ships using methanol, ethanol, LPG, ammonia, and hydrogen—fuels regarded as promising alternatives—and has issued the guidelines. 

“Taking into account the risks that the use of alternative fuels poses to the environment, seafarers, and ships, the guidelines set out requirements for equipment, controls, and safety devices to minimize such risks,” it added. 

With the issuance of the IMO guidelines for hydrogen-fueled ships (MSC.1/Circ.1701), ClassNK said it has fully incorporated the IMO guidelines to make the guidelines more user-friendly for shipyards, designers, and shipowners, while also enhancing the requirements serving as design and assessment guidance for other alternative fuels. 

In the development of the IMO guidelines, now reflected in Part D, ClassNK participated as a member of the Japanese delegation to the IMO Sub-Committee CCC 11 and contributed to the discussions.

Note: The Guidelines for Ships Using Alternative Fuels (Edition 3.1)  can be viewed under “Guidelines” on My Page by registering as a user on the ClassNK website. 

 

Photo credit: Venti Views on Unsplash
Published: 20 August, 2026

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Bunker Fuel

Panama bunker fuel sales climb 10.5% on year in July 2026

Total bunker sales at Panama was 427,985 mt in July 2026, compared to sales of 387,152 mt during the similar period in 2025, according to PMA data.

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Bunker fuel sales at Panama rose 10.5% year-on-year in July 2026, according to the latest data from La Autoridad Maritima de Panama, also known as the Panama Maritime Authority (PMA).

Total bunker sales at Panama was 427,985 metric tonnes (mt) in July 2026, compared to sales of 387,152 mt during the similar period in 2025.

In July 2026, the Pacific side of Panama posted bunker sales of 362,826 mt; 224,829 mt of VLSFO, 103,127 mt of RMG 380, 4,978 mt for marine gas oil (MGO), and 29,892 mt of low sulphur marine gas oil (LSMGO) were delivered.

The similar region saw total marine sales of 316,932 mt a year before in July; with VLSFO sales at 205,610 mt, RMG 380 sales at 80,850 mt, MGO sales at 2,624 mt, and 27,848 mt of LSMGO being sold.

Panama’s Atlantic side, meanwhile, recorded total bunker fuel sales of 65,159 during July 2026; the figure comprised 52,759 mt of VLSFO, 2,869 mt of RMG 380, 2,972 mt of MGO, and 6,559 mt of LSMGO.

It saw total sales of 70,220 mt in July a year before; with VLSFO sales of 53,868 mt, RMG 380 sales of 6,042 mt, 1,659 mt of MGO, and LSMGO sales of 8,651 mt.

 

Photo credit: George Keel
Published: 20 August, 2026

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Decarbonisation

CSA and MFA partner to support shipowners, bunker suppliers on emissions compliance

Clean Shipping Alliance and the Marine Fuels Alliance signed a MoU to also advance transition to alternative bunker fuels and emissions reduction technologies.

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CSA and MFA partner to support shipowners, bunker suppliers on emissions compliance

The Clean Shipping Alliance (CSA) and the Marine Fuels Alliance (MFA) on Wednesday (19 August) said they have signed a Memorandum of Understanding (MoU) to support the shipping industry and bunker suppliers in meeting regulatory requirements on emissions, and to advance the transition to alternative fuels and emissions reduction technologies.

The agreement will see CSA’s expertise in exhaust gas cleaning systems and marine environmental technology brought together with MFA’s network and knowledge across the marine fuels supply chain. 

Both organisations share an interest in supporting the maritime industry’s transition toward a sustainable, compliant and lower-emission future, and the agreement sets out a structure for the two bodies to share technical insight and coordinate on regulatory pathways.

Through the collaboration, the two associations intend to encourage dialogue between technology providers, fuel suppliers and ship operators, share technical insights and support the development of practical regulatory pathways.

Under this framework, the two associations will:

  • Share technical data and research: on MARPOL compliance, alternative fuels and emissions reduction technologies.
  • Coordinate joint advocacy: including at the International Maritime Organization (IMO) level and alongside sessions of the IMO’s Marine Environment Protection Committee (MEPC).
  • Support industry events: on fleet modernisation, retrofitting and fuel quality standards.
  • Develop practical operational guidance: linking technology providers, fuel suppliers and ship operators.

Andreas Chrysostomou, Executive Director of the Clean Shipping Alliance, said: “Shipping’s compliance and availability challenges won’t be solved by one technology or one fuel. It needs ongoing communication between different elements of the value chain, and that’s why CSA and MFA have signed this MoU. Technologies, fuels and regulation cannot be considered in isolation, and by working together we can bring together complementary expertise, improve the exchange of technical knowledge and contribute to solutions that are both environmentally effective and operationally realistic.”

Anthony Mollet, Executive Officer of the Marine Fuels Alliance, said: “The CSA brings a wealth of technical knowledge and first-hand industry experience, particularly in relation to emissions, environmental regulation and the technologies being adopted by shipowners and operators. This partnership will give our members an important additional source of expertise and insight, helping them better understand the challenges facing the industry and make informed decisions as the transition towards cleaner shipping continues.

“For companies across the contractual chain in bunkers, it is increasingly important to understand the decisions being made by shipowners and operators around fuel choice, emissions technologies and the future fuels they intend to use. 

“The selection of a particular fuel grade or technology can have significant implications throughout the bunker supply chain, from contractual arrangements and fuel specifications to supply and operational considerations. This is a key area of focus for the MFA, and we are committed to providing our members with clear, practical and relevant resources to help them navigate these developments.”

The non-binding MoU will initially remain in effect for two years, with both associations designating points of contact to coordinate joint initiatives and regularly review the collaboration.

 

Photo credit: Clean Shipping Alliance and Marine Fuels Alliance
Published: 20 August, 2026

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