CMA CGM to raise $2 billion from 10 terminals’ sell

CMA CGM ocean carrier, recently announced its plans to carry out a major asset sale program in order to gain control of CEVA Logistics. As the company stated, part of the plan is to sell stakes in 10 port assets to its joint venture partner, China Merchants Port Holdings.

Updates on sulphur inspections in French ports

The Mc Lean Group, French Marine & Transport Insurance Industry, informs on the future of inspections in France and provides a diagram based on various possible scenarios, such as penalties if a breach is determined to have occurred.

China, France ink agreement on LNG development

China and France signed $15 billion contracts during a visit of France’s President Emmanuel Macron to China including a contract to develop a LNG terminal and storage facility in China’s North port of Tianjin. The contracts include a variety of sectors, such as energy, agriculture and aeronautics. 

Greece could become a bunkering hub in the east Med.

The 2019 Global Gas Report focuses on today’s gas trends, on the key factors that explain the recent developments and what will be the future outcomes in the global gas sector; Thus, the report analyzes the advantages of natural gas in Europe and highlights how European countries take advantage of it to achieve their sustainability goals.

Cruise ships operators agree to limit emissions in French waters

Key cruise ship companies operating in French waters joined forces to limit air pollution caused by their vessels. The measures agreed include use of shore power and low-polluting fuel when maneuvering in harbors, as well as other measures to reduce emissions.

France calls for taxes on bunker fuel

The French government has called on the European Union to work on creating a tax on bunker and aviation fuel as part of its strategy for reducing carbon emissions and achieving a sustainable environment. The French Finance Minister Bruno Le Maire commented that taxes for carbon emissions should be implemented also to aviation and ships, not only to cars. 

Cargo ship runs aground in French nature reserve

A cargo ship ran aground on October 13 in a marine reserve in the Strait of Bonaficio, off Corsica, France. No oil appears to have been spilled, according to the maritime police said, but anti-pollution measures are being deployed.

Port of Dover to cope with no-deal Brexit despite possible disruption

Doug Bannister, the Chief Executive Officer of the Port of Dover stated that the port, through which a sixth of the U.K.’s trade in products is being transferred, will be able to deal with any disturbance experienced by a no-deal Brexit, accounting for predictions of chaos.


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