Renault Group, Volvo Group and CMA CGM Group join forces to address decarbonization

 Climate change accelerates the need of electrification transition and future CO2 regulations on transport of goods and access to cities are drastically transforming the logistic ecosystem.  The professional customers already face increasing pressure on cost of usage, need for electrified, safer and fully connected vehicles with their business. By 2030, the European market for electrified

Tata Steel sets goal for UK plant’s decarbonisation journey

Tata Steel aims to complete decarbonisation journey at its plant in the UK in next three years, as part of its decarbonisation plan, the company will shift to low-emission electric arc furnace (EAF) process from the blast furnace (BF) route which is nearing the end of life in the next couple of months. India-headquartered Tata

PTP joins Malaysia-Australia decarbonization initiative

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative, a government-to-government decarbonization scheme between Malaysia and Australia. The P4I project aims to spearhead Malaysia’s decarbonizing effort in the maritime industry and to foster inclusive growth

Can reversal of fortunes position shipyards for decarbonisation

The current newbuilding cycle is proving remarkably persistent, with demand for containerships and LNG carriers consistently exceeding expectations over the last year. MSI’s Q3 shipping market reports illustrate how the upward pressure on newbuilding prices has been maintained. Although there was a divergence in the rate of increases between different ship types last year, prices

New decarbonisation survey by GCMD and BCG

A new survey by the Global Centre for Maritime Decarbonisation (GCMD) and Boston Consulting Group (BCG) shows that most shipowners and operators see decarbonisation as a must, but data shows that major differences appear in their approach and urgency. The same can be said when it comes to adopting green fuels.  To incorporate views from

Grid, industry, transport decarbonisation crucial to meet netzero targets

This transition to new and renewable sources of energy would not come cheap, with India needing around $15 trillion in investments to achieve net zero between 2022 and 2070, according to a Deloitte-FICCI study. India’s total energy demand would likely double by 2070 from the 2020 level, due largely to aggressive energy efficiency and the

CMA CGM, Maersk join forces to accelerate the decarbonization

A.P. Moller – Maersk A/S (Maersk) and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerating the green transition in shipping, learning from each other

Shipping industry needs to adopt blue ammonia to achieve fast decarbonisation

The shipping sector needs to adopt blue ammonia as part of the bunker fuel mix to achieve timely decarbonisation, and substantial growth of CO2 storage infrastructure could support this in the coming years, according to a study by Denmark’s Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. Some shipowners are expecting methanol to play a

Saudi Arabia’s $2.6 bn mining decarbonization deal

At the end of July, a $2.6 billion deal with Brazil’s biggest miner, Vale SA, gave Saudi Arabia a 10 percent interest in mines from Canada to Indonesia that produce copper, nickel and other industrial metals — all critical materials needed to help the world decarbonize. The deal set the stage for a landmark shift

ClassNK issues AiP for ammonia fuel supply system for ship developed by SHI

ClassNK has issued an Approval in Principle (AiP) for an ammonia fuel supply system for oil tanker and container ship developed by Samsung Heavy Industries (SHI). Ammonia is expected to be used as a ship fuel for decarbonization since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative as it has