Rodolphe Saadé, CEO of international shipping and logistics company CMA CGM Group on Wednesday (3 June) said the group intends to be carbon neutral by 2050 as part of his address at the UN Global Compact online conference.
Saadé also announced 10% of the company’s energy supplies will include alternative fuels by 2023
These steps are in addition to the company’s plan to reduce 40% of its CO2 emissions per tonne transported per km by 2030, a target set by the International Maritime Organization (IMO), added CMA CGM.
“In 2019, we reduced our total CO2 emissions by 6%,” commented Saadé.
“These significant reductions were made possible thanks to our mobilisation, the technological innovations implemented and an improved management of vessels operations.”
Photo credit: CMA CGM
Published: 4 June, 2020
Premium of delivered VLSFO over cargo prices fell to a record low of $5.75/t on 17 March, and HSFO’s premium declined to an even lower $3.25/t, reports Argus Media.
The company has allocated $57.3 million for an environmental clean-up programme involving community members.
Bulk carrier “Beks Ceyda” received 750 mt of B30 VLSFO bunker fuel at Port of Rotterdam with full lifecycle emissions compensated with carbon credits.
Datuk Seri Tengku Baharuddin Ibni Sultan Mahmud takes up new position effective 1 December, 2019.
Bunkering firm borrows to refinance indebtedness and general working capital requirements.
Organisation welcomes Airbus, Bureau Veritas, and PSA International as latest members joining CMA CGM Group, Total, Wärtsilä, ENGIE, amongst others in coalition.
‘This biofuel bunker delivery represents a new chapter for Eng Hua as we are now moving with the times towards the era of decarbonisation,’ Mike Sin, Director at Eng Hua, tells bunkering publication Manifold Times.
MPA has also asked Glencore to improve its internal procedures to ensure that prompt action is taken in future when it becomes aware of, or reasonably suspects, any irregularity in fuel quality, it states.
Dynamic Asset Investments Limited and Goldsland Holdings Co Ltd helped Vermont UM Bunkering maintain a “Cash Float” of about SGD 100,000 to facilitate “buyback” bunker transactions at Singapore port.
Senior Cargo Officer gained SGD 48,800 worth of commission from “buyback” bunker transactions and illegally obtained SGD 410,712.257 by cheating Vermont, a Singapore court heard on Thursday (21 July).
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
