ShareAction launched a report called ‘Changing Course: Banking Financing of the Shipping Industry’, arguing that institutional investors should widen the scope of their engagement with banks to beyond the fossil fuels sector. As the low-carbon transition will change the industry, financial intermediaries, banks are in a good place to facilitate this transition.
Maersk, integrator of container logistics and Bolloré Logistics, announced that they are to sign a carbon pact, according to which they are both committed to reduce their CO2 emissions by 20% per container transported by 2025 for Bolloré Logistics business with Maersk as part of this collaboration.
Representatives from the shipping industry met the previous week to discuss on priorities of the global shipowners’ association, the International Chamber of Shipping (ICS). Although the meeting was overshadowed by the attacks against two oil tankers in Gulf of Oman, the participants discussed of IMO 2020 regulations and CO2 reduction.
While speaking to young Māoris and people of the Pacific islands in New Zealand, the UN Secretary-General, António Guterres highlighted four key measures that Governments should follow and prioritize to achieve the goal of carbon neutrality by 2050.
Following investigation on storage of CO2 in depleted offshore gas fields under the North Sea earlier this year, the Port of Rotterdam-led Porthos project now aims to close cooperation agreements (Joint Development Agreements, JDA) with interested companies.
In light of reducing its carbon footprint at sea, Cargill managed to reduce its CO2 emissions from its chartered shipping fleet by 350,000 tonnes last year. Cargill is amongst those supporting greener shipping. In 2018, the business reduced gross CO2 emissions 350,000 tonnes, 4.5%, while it maintained the same level of transport activity.
Luxembourg-based Jan De Nul Group revealed its commitment to reduce CO₂ emissions by 15% a year during maintenance dredging works at the Nieuwpoort coastal marina and to include by 2020 a minimum requirement of 15% CO₂ reduction in 80% of maintenance dredging contracts in Flanders.
BP published its 68th annual Statistical Review of World Energy, reporting that global primary energy consumption grew fast in 2018, driven by natural gas and renewables. However, carbon emissions grew at their highest rate for seven years.
According to local sources, Chinese authorities in Shandong Province detained the 3rd officer of cargo ship Jin Hai Xiang (IMO 9118824) on suspicion of negligence in response to the fatal incident that took place on May, when 10 died due to CO2 leak onboard the vessel.
In light of the World Environment Day, CMA CGM published its 2018 CSR Report, according to which the Group has achieved a 50% reduction in CO2 emissions per container transported per kilometer between 2005 and 2015. It has achieved a further 17% reduction between 2015 and 2018, in line with its 2025 objective of -30%.
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