Maersk completes order for 20 dual-fuel ships and advances
Maersk secures dual-fuel fleet expansion AP Moller-Maersk has signed agreements with three shipyards to build 20 dual-fuel container ships, cementing its commitment to sustainable shipping. This milestone completes the company's August 2024 fleet renewal plan update and adds 300,000 TEU of total capacity to its operations. Also read: Maersk pledges $2 billion to boost ports and transport infrastructure in Pakistan Underscoring the importance of the deal, Anda Cristescu, Maersk’s head of chartering and newbuilding, said: “We are delighted to have signed an agreement for 20 vessels, completing the acquisition of 300,000 TEU of capacity announced in August. These orders are part of our ongoing pipeline As part of our fleet renewal program, all ships will be equipped with dual-fuel engines to operate on lower-emission fuels.” Technical and environmental characteristics The 20 ships will be equipped with advanced liquefied gas dual-fuel propulsion systems that can significantly reduce emissions compared with conventional fuels. The ships will have a capacity range of 9,000…
Hapag-Lloyd invests US$4 billion in 24 dual-fuel ships
German shipping giant Hapag-Lloyd has committed to investing US$4 billion to order 24 new dual-fuel container ships from China's Yangtze River Shipbuilding Group and New Era Shipbuilding Co., Ltd. The fleet upgrade is planned to be delivered from 2027 to 2029, which will increase the shipping capacity by 312,000 TEU. In terms of Yangzijiang Shipbuilding, it has 16,800 TEU ships, and New Era Shipbuilding has 9,200 TEU ships. Also read: Environmental groups push to decarbonize shipping to fight pollution The advanced vessels will be aligned with Hapag-Lloyd’s Strategy 2030 and feature dual-fuel engines capable of running on biomethane, which is expected to reduce CO2 emissions by up to 95%. Additionally, the ships are designed to be ammonia-ready, demonstrating the company’s commitment to sustainable shipping and carbon neutrality. CEO Rolf Habben Jansen noted: "A more efficient fleet will strengthen our competitive position and enable us to provide high-quality global services." With $3 billion in long-term financing, this fleet update and the…
Redwood decarbonization could generate $200 million annually…
Redwood's Fall 2024 Logistics Sustainability Report draws on insights from recent research by Gartner and the Boston Consulting Group (BCG) as well as Redwood's own logistics sustainability activities to highlight the growing impact of decarbonizing logistics. Companies are increasingly adopting logistics carbon accounting and management systems (LCAMS) to enhance their greenhouse gas (GHG) tracking, according to Gartner's Market Guide for Logistics Carbon Accounting and Management Solutions, in which Redwood is identified as a representative vendor. A recent study by the Scope 3 Peer Group revealed that 97% of companies believe digital solutions are critical to achieving their Scope 3 decarbonization targets. Also read: EPA allocates $3 billion to decarbonize U.S. ports using clean technology At the event in Redwood, UNVR senior director of transportation strategy Travis Vedral highlighted three key steps for the industry to achieve sustainability without making major technology investments: optimizing routes, leveraging efficient equipment and training employees. “An effective sustainability strategy starts with a team based on…
Exhibitions are part of energy decarbonization
Energy decarbonization is a difficult environmental problem, but it is not unsolvable. In theory, it would seem that these changes must come from big companies, especially when there is debate over whether the global market is a capitalist economy. In practice, however, every action matters and every country must drive change. The global shift toward net-zero emissions is gaining momentum, fueled by growing demand for ethical and sustainable practices. Businesses adopting renewable energy technologies are expected to see significant growth, reflecting a broader trend toward sustainability in global markets In the MICE industry, stakeholders such as venues, hotels and event organizers are critical to driving decarbonization. Strategies include adopting sustainable infrastructure, green technology and efficient waste management systems. The Thailand Convention and Exhibition Bureau (TCEB) plays a key role in supporting these efforts, aiming to create an ecosystem for the MICE industry so that everyone can contribute to society as a whole, such as obtaining certified hotels or venues for…
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