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
‘We have reshaped our organisation to align functions and roles with our strategic imperatives,’ says CEO.
Earlier restrictions imposed to control coronavirus spread; China, South Korea and Japan biggest buyers of Kuwait's crude.
Sponsoring companies benefit by showing clients that they see the value of training and development of their staff on international bunkering regulations.
MPA has reviewed and revised certain requirements for crew change; crew from specific low risk countries may no longer be required to serve the full SHN.
Primarily achieved by a 10% growth in volume and a reduction in operational costs and expenses related to counter party performance, says company statement.
Dr Sit Kwong Lam undertook borrowings of $1,362 million with banks and $76.15 million from three trading partners.
Caroline Yang, President of SSA, addresses issues earlier raised by players; including PMC No. 04, the seven-day restriction, contactless bunkering, sampling point, hose connection, and more.
IBIA Asia, ABIS, sources from Singapore’s bunkering and surveying companies, and an industry veteran share with Manifold Times the issues expected from MPA’s latest Covid-19 measures.
The top three positive movers in the 2020 bunker supplier list are Hong Lam Fuels Pte Ltd (+13); Chevron Singapore Pte Ltd (+12); and SK Energy International (+8), according to MPA list.
‘We will operate in the Singapore bunkering market from the Tokyo, with support from local staff at Sumitomo Corporation Singapore,’ source tells Manifold Times.
Changes include abolishing advance declaration of bunkers as dangerous cargo, reducing pilotage fees on vessels receiving bunkers, and a ‘whitelist’ system for bunker tankers.
Claim relates to deliveries of MGO to the vessels Pacific Diligence, Pacific Valkyrie, Pacific Defiance, Crest Alpha 1, and Pacific Warlock between March 2020 to April 2020.
