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NYK introduces its carbon neutral initiatives at International Symposium

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NYK introduces its carbon neutral initiatives at International Symposium on clean fuel ammonia. Image: NYK Line
NYK introduces its carbon neutral initiatives at International Symposium on clean fuel ammonia. Image: NYK Line
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NYK participated in an international symposium on clean fuel ammonia held at Japan’s National Museum of Emerging Science and Innovation.

This event was organized by the Clean Fuel Ammonia Association. At this year’s symposium, the third of its kind, sessions and panel discussions were held under the theme “Toward Early Social Implementation of the Fuel Ammonia Value Chain” from the perspectives of “Current Status and Issues,” “Supply,” and “Utilization.”

From NYK, Tsutomu Yokoyama, general manager of the Green Business Group, took the stage in the “Utilization” session to explain the trend toward zero emissions in the shipping industry. He then introduced NYK‘s zero emissions initiatives and the development of ships equipped with Japan-made ammonia-fueled engines using the Green Innovation Fund.

In addition, Toshi Nakamura, NYK executive officer, participated in a panel discussion and deepened the discussion among international organizations, industry groups, and companies on the efforts and challenges to establish a fuel ammonia value chain.

NYK announced the NYK Group ESG Story, which aims to further integrate ESG into the company’s management strategy. In particular, NYK considers the reduction of GHG emissions to be an important issue and is working to create new green businesses through various research projects aimed at decarbonization. To strongly promote ESG management, the NYK Group will encourage new value creation as a sustainable solution provider through a business strategy that responds to climate change.

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Container Shipping Lines

CMA CGM and TotalEnergies launch port of Marseille Fos’ first ship-to-containership LNG bunkering operation

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CMA CGM and TotalEnergies launch port of Marseille Fos’ first ship-to-containership LNG bunkering operation. Image: CMA CGM
CMA CGM and TotalEnergies launch port of Marseille Fos’ first ship-to-containership LNG bunkering operation. Image: CMA CGM
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CMA CGM, a world leader in shipping and logistics, and TotalEnergies have launched Marseilles’ inaugural ship-to-containership Liquefied Natural Gas bunkering operation in the Port of Marseille Fos, Southern France.

CMA CGM BALI, a 15,000 TEU LNG-powered containership is deployed on the MEX 1 service, connecting Asia and South Europe. She is being refuelled by TotalEnergies’ Gas Vitality, the first LNG bunker vessel based in France, with around 6,000m3 of LNG, by means of a ship-toship transfer alongside the Eurofos container terminal, while the containership carried out cargo operations simultaneously. The Gas Vitality is TotalEnergies’ second chartered LNG bunker vessel and owned by Mitsui O.S.K. Lines, Ltd (MOL).

This entire operation underlines a solid collaborative teamwork across the French maritime industry, the excellence of its value chain and the involvement of local port authorities to enable the vessels’ safe operatorship.

CMA CGM pioneers France’s LNG field of excellence in maritime transport

In November of 2017, Rodolphe Saadé, CMA CGM Group’s Chairman and Chief Executive Officer, decided to make CMA CGM the first ship-owner in the world to equip its flagship 23,000-TEU vessels with engines using liquefied natural gas (LNG) – a first in the history of shipping for Ultra Large Container Vessels. CMA CGM has chosen TotalEnergies as part of a major industrial partnership to supply them with gas in Rotterdam, Singapore and Marseille. Thereby making CMA CGM the initiator in structuring a genuine LNG field of excellence in maritime transport. Marseille is the first LNG bunkering hub in France for shipping, for all the Mediterranean and South Europe area, and CMA CGM’s third one to be created after Rotterdam and Singapore.
By the end of 2024, the CMA CGM Group will have a fleet of 44 LNG-powered vessels, “emethane ready” of various sizes and 24 are already in service. The engines deployed on these vessels already have the technical capability of using bio-methane (already in use) and emethane, a carbon-neutral fuel, making them simultaneously an immediate and a long-term solution to the challenge of decarbonization.

LNG, a concrete commitment to energy transition in shipping

LNG is the most advanced available solution when it comes to preserving air quality, a major public health challenge for communities in coastal areas and port cities. It reduces sulfur oxide emissions by 99%, particulate matter emissions by 91%, and nitrogen oxide emissions by 92%. A LNG-powered vessel also emits up to 23%1 less greenhouse gas emissions than conventional fuel-powered systems.

Prior to this milestone bunkering operation, the Gas Vitality was loaded with LNG at Elengy’s Fos Cavaou LNG terminal on December 28, 2021, which also marks the terminal’s first loading of a small-scale LNG carrier.

Christine Cabau, Executive Vice President Operations and Assets of the CMA CGM Group said “This LNG bunkering operation is an important milestone for our group, in many ways. It sets France and Marseille maritime and port cluster on the frontline for the decarbonization of shipping. It enhances LNG solutions as the first step of a broader industrial strategy that will take us to alternative fuels such as biomethane and e-methane. It is also another proof of the commitment of CMA CGM toward Marseilles and its region. We are very proud to act both globally and locally to develop sustainably our business”.

“TotalEnergies is delighted to successfully complete Marseille’s first LNG bunkering operation of a containership via the Gas Vitality. Her deployment underscores the Company’s commitment to support the French port’s ambition to be an LNG bunkering hub for the Mediterranean region,” said Jérôme Leprince-Ringuet, Vice-President Marine Fuels at TotalEnergies. “This landmark operation also demonstrates our continued support to the growing role of LNG in shipping’s energy transition. In line with TotalEnergies’ climate ambition, we will continue to work hand-in-hand with our industry partners to develop and scale up new, lower-carbon and ultimately, zero-carbon fuel solutions for shipping.”

Hervé Martel, CEO, Port of Marseille Fos, said, “This is a new milestone for the port of Marseille Fos, which is undoubtedly an essential LNG hub in the Mediterranean. The energy transition operated at Marseille Fos involves all the partners. The port is resolutely committed to this path: that of environmental excellence. This operation is proof of effective joint work and an additional attractiveness argument for our port.”

Cyril Ducau, CEO of Eastern Pacific Shipping said, “EPS is pleased to be part of this landmark operation as it confirms the importance of LNG in the industry’s energy transition. In addition, the operations in Marseille prove that the needed infrastructure to facilitate LNG bunkering is already in place. By teaming up with environmentally conscious partners such as CMA CGM, TotalEnergies, and the Port of Marseille, shipping companies have the ability to significantly lower their emissions today while developing alternative solutions for tomorrow. EPS is proud to have a series of LNG-powered vessels chartered to CMA CGM, and we are excited that this will be the first of many successful LNG operations in France”.

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Container Shipping Lines

ZIM announces new chartering agreement for three 7,000 TEU LNG dual-fuel container vessels

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ZIM announces new chartering agreement for three 7,000 TEU LNG dual-fuel container vessels. Image: ZIM
ZIM announces new chartering agreement for three 7,000 TEU LNG dual-fuel container vessels. Image: ZIM
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ZIM Integrated Shipping Services announced a new eight-year charter agreement with a shipping company that is affiliated with Kenon Holdings Ltd., according to which ZIM will charter three 7,000 TEU liquefied natural gas dual-fuel container vessels, to serve across ZIM’s various global-niche trades for total consideration of approximately $400 million. The vessels will be constructed at Korean-based shipyard, Hyundai Samho Heavy Industries and are scheduled to be delivered during the first and second quarters of 2024.

Eli Glickman, ZIM President & CEO, stated: “We are pleased to enter into another charter agreement to secure high quality tonnage, with a focus on adding extremely versatile vessels that could serve us on multiple trades. As we work to secure our core operating fleet to meet growing market demand, we remain committed to maintaining significant fleet flexibility to execute our proven global-niche strategy and best serve our customers. Importantly, adding “green” LNG-fueled capacity further strengthens ZIM’s position at the forefront of reducing carbon intensity among the global liners and will enable us to assist our customers in reducing their carbon footprint.”

Mr. Glickman added: “This transaction further demonstrates our prudent capital allocation strategy, supporting our efforts to strengthen our commercial prospects, deliver industry leading profitability, and create enduring value for shareholders.”

About ZIM

ZIM is a global container liner shipping company with leadership positions in the markets where it operates. Founded in Israel in 1945, ZIM is one of the oldest shipping liners, with over 76 years of experience, providing customers with innovative seaborne transportation and logistics services with a reputation for industry leading transit times, schedule reliability and service excellence.

Forward Looking Statements

This press release contains certain forward-looking statements concerning future events, including forward-looking statements regarding ZIM’s ability to meet growing market demand and to provide reliable service to customers, as well as assessment as to the growth trend of the market. These risks and uncertainties include, but are not limited to: the possibility that ZIM will not be able to meet demand from customers, the risk that the growth trend of the market will not continue or be slower than expected; the risk that current trends in the chartering market will weaken or reverse, and other factors detailed from time to time in ZIM’s periodic reports and filings with the Securities and Exchange Commission, including ZIM’s annual report on Form 20-F filed with the SEC. ZIM expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, agreement, new information, a change in its views or expectations, or otherwise. ZIM does not make any prediction or statement about the performance of its securities.

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Container Shipping Lines

CMA CGM introduces simplified, digital spot pricing

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CMA CGM introduces simplified, digital spot pricing. Image: CMA CGM
CMA CGM introduces simplified, digital spot pricing. Image: CMA CGM
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The CMA CGM Group, a world leader in shipping and logistics, is announcing a switchover in its spot pricing to a fully digital, instant and dynamic process. The Group is accelerating efforts to innovate and digitalize the sector, adapting constantly to meet its customers’ needs. As a result, they will benefit from greater agility in the face of a rapidly changing market and enjoy a smooth and intuitive experience. This latest step fits perfectly with the CMA CGM Group’s vision of reinventing shipping and logistics as reflected by its new Better Ways corporate tagline.

The CMA CGM Group’s pricing specialists now have the latest data analytics tools and capabilities at their fingertips, giving them greater visibility on demand levels. Harnessing their expertise, they can be even more responsive and better meet the needs of the Group’s customers.

An innovation homegrown in France and built on collaboration between CMA CGM and the Pricemoov start-up

Innovation is hard-wired into CMA CGM’s make-up, and the Group is working closely with its ecosystem of partners with complementary expertise to develop smarter, more secure solutions and deliver a smoother experience for users, be they customers or staff members.

The digital overhaul of CMA CGM’s pricing systems has been designed in conjunction with Pricemoov, a French start-up specialized in smart, dynamic pricing. The Group’s commitment to establishing French centers of excellence and applying French know-how around the world stands out in this collaborative venture bringing together the two French businesses’ combined shipping and logistics expertise, agility, cutting-edge technologies, and complementary perspectives and know-how.

SpotOn: an instant spot quote at a guaranteed price and priority space allocated on board the ship after booking

CMA CGM provides customers with access to the digitally-enhanced version of its spot pricing tool via SpotOn. This new entirely online product integrated with My CMA CGM simplifies the booking process and provides customers with an instant quote at a guaranteed price, plus priority access to the ship’s space as soon as the booking is confirmed.

SpotOn has already been available since July for all customers on CMA CGM’s and CNC’s shipping services on six trades: Asia–Europe, Mediterranean–Asia, Asia–East Coast of South America, Asia–West Africa, Indian sub-continent–Europe, Intra-Asia. Extension of this product to all the Group’s other trades and brands began on January 17 and will continue throughout the first six months of 2022. The new SpotOn online service is already popular among customers, accounting for over 60% of spot volumes, as it can instantly provide a quote for a given journey, with a transparent price that is guaranteed for 24 hours. Space on board the ship is then allocated on a priority basis as soon as the booking has been confirmed.

SpotOn also accelerates the booking process and gives customers priority status at the port of departure for container availability and loading.

Value-added services in the CMA CGM+ range can be accessed directly via SpotOn. Customers can sign up simply and rapidly and include them in their quote.

In particular, customers can opt for the ACT with CMA CGM+ services, a full range of solutions enabling them to reduce their environmental impact.

Olivier Nivoix, Group Executive Vice-President, Shipping, explained: “Accelerating innovation and digitalization is one of the key pillars of the CMA CGM Group’s strategy for meeting its customers’ needs by developing smarter, more secure solutions. This key digital transition in our pricing systems of shipping will provide our customers with greater flexibility so they can adapt to the rapid changes in the market, and it makes for a smoother user experience.”

 

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