Lufthansa Cargo and Maersk partner on SAF
Lufthansa Cargo will use 400 tonnes of sustainable aviation fuel (SAF) on behalf of Maersk in the remainder of 2024 following the signing of an agreement between the two companies to promote the decarbonisation of airfreight through the use of SAF. The expected reduction of CO2 emissions corresponds to at least 1,200 tonnes, said Lufthansa Cargo. […]
CMA CGM and JA Solar enter into decarbonization partnership
CMA CGM has partnered with JA Solar, a photovoltaic power generation solution provider, to advance the decarbonization of the maritime supply chain and support a sustainable future. This collaboration underscores CMA CGM’s dedication to achieving Net Zero emissions by 2050, with the ACT+ range of low-carbon solutions playing a central role. In 2024, JA Solar […]
Trump vows new tariffs on China, Mexico and Canada
On 26 November, Donald Trump proceeded with one of his main campaign promises by announcing plans to impose new tariffs on Mexico, Canada and China, the three main partners of the United States, accounting for more than 40% of the US imports last year. Around 20 days after winning the election, Trump announced the introduction […]
MSC and Eni sign decarbonization agreement
Eni CEO Claudio Descalzi and MSC Group President Diego Aponte have signed a memorandum of understanding to collaborate on sustainability and energy transition initiatives. Eni, an integrated energy company committed to achieving carbon neutrality by 2050, and MSC, a global leader in transport and cruise services, aim to expand their successful business relationship to new […]
Construction Loans: Building Your Dream Project with Confidence
Construction loans are a specialized type of financing designed to help individuals and businesses fund the construction or renovation of properties. Unlike traditional mortgages, these loans provide funds in stages as the project progresses, offering flexibility and tailored solutions for unique construction needs. Whether you’re building a custom home, expanding a business, or developing a […]
airBaltic Cargo places capacity on cargo.one platform
Latvia-based airBaltic Cargo has placed its capacity on cargo.one to enable forwarders across 134 countries to quickly access, quote, book and track its capacity. From winter 2024, freight forwarders using cargo.one will be able to book airBaltic Cargo capacity for general cargo, perishables and temperature-sensitive pharma shipments, across its entire network. “Accelerating its digital distribution […]
Maritime Partners celebrates closing new financing solution for shipping
Louisiana-based Maritime Partners is celebrating the closing of a $750m, first-of-its-kind warehouse facility, which will be collateralised by three wholly owned business lines within one of its managed funds with a syndicate of lenders led by ATLAS SP Partners. The initial portfolio includes Jones Act tankers, US flagged tankers and other vessels for use in […]
Freight Investor Services appoints new CEO
Freight Investor Services (FIS), a London-based freight and commodity brokerage, has appointed George Dranganoudis as its new CEO. John Banaszkiewicz will continue in his role as chairman. With over 30 years of experience in the financial services industry, Dranganoudis most recently served as deputy CEO at TP ICAP. Banaszkiewicz, founder of FIS, commented: “George’s vast […]
Rivals scramble to keep pace with MSC
The unmatched scale and growth ambitions of Mediterranean Shipping Co (MSC) is forcing competitors to scramble for tonnage. Alpahliner is reporting that MSC has now surpassed 400 secondhand ship purchases since it embarked on a historical buying spree amid the covid pandemic in August 2020. Alphaliner tallies 402 ships, while rival Linerlytica has counted 420 […]
Avance Gas says goodbye as Exmar swoops for last four newbuilds
John Fredriksen-controlled Avance Gas is to be wound up as it sells its last four ships under construction to Exmar. Avance Gas had sold the majority of its fleet to BW Group earlier this year. It has now found a buyer for four mid-sized gas carriers under construction in Asia in the form of Exmar, […]