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Green groups urge UN to raise climate ambition on globalshipping. The globalshipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating.
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supply chain solutions, has endorsed a new Memorandum of Understanding (MOU) aimed at establishing an international green shipping corridor linking Canada’s West Coast with ports in Asia and the Middle East. Lawrence Seaway.
SANTO DOMINGO, Dominican Republic, November 27, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, has successfully received the MSC Marie, an Ultra-Large Container Vessel (ULCV), at the Port of Caucedo, the largest ship to ever dock in the Dominican Republic.
3 Pressures on the ocean, including plastic waste, acidification, tourism, pollution from shipping, and overfishing are all increasing. Recent research shows that the investment benefits of ocean protection schemes, more sustainable shipping and other ocean dependent industries can be five times higher than the costs involved.
VANCOUVER, British Columbia, June 5th, 2024 /3BL/ - DP World , a global leader in supply chain solutions, announces it has received the prestigious 2023 Blue Circle Award for Energy Action. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
By: Hakan Bulgurlu – Chief Executive Officer, Beko Melting glaciers and ice sheets have been making headlines globally often for all the wrong reasons. They are increasingly viewed as assets: faster Arctic shipping lanes, access to untapped mineral resources, and far-reaching geopolitical ambitions.
The globaleconomy relies on air cargo,” notes Nehal Gautam in The STAT Trade Times, but “the relentless growth comes at a steep price.” The International Energy Agency (IEA) reports that global GHG emissions increased 1.1% in 2023, accounting for 410 million tonnes, with aviation contributing about 2% of the total emissions.
The CMA CGM BAHIA, boasting a length of 336 meters and a capacity of over 13,000 TEUs, began its voyage in Singapore on December 28, 2023, berthing at the Port of Rio de Janeiro before making a stop at the Port of Santos.
October 31, 2023 /3BL/ - FedEx Corp. NYSE: FDX) released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023). FedEx celebrated 50 years of operations on April 17, 2023. MEMPHIS, Tenn., million packages per day. million jobs.
Trade is the globaleconomy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a report launched by technology firm Wärtsilä on 21 March. iii Transporting 80% of world trade, shipping is the engine room of the globaleconomy.
CALLAO, Peru, October 15, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, has been awarded the Women’s International Shipping & Trading Association (WISTA International) Corporate Diversity Award for 2024.
and SANTO DOMINGO, DOMINICAN REPUBLIC, November 30, 2023 /3BL/ - DP World , a global leader in end-to-end supply chain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic. CHARLOTTE, N.C.
In 2023, Mexico surpassed China to become the U.S.’s DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. Notably, DP World is the only logistics company currently providing the intermodal 53-foot container solution for finished vehicles.
These new additions are part of the company’s global expansion of its freight forwarding network , announced earlier this year. As a leading provider of supply chain solutions, DP World has established over 100 new freight forwarding offices globally since mid-2023, including new 15 locations strategically positioned throughout the Americas.
The Northern Sea Route is the shortest shipping route between the western part of Eurasia and the Asia-Pacific region. 3 Shipping companies already use moderately ice-strengthened vessels which can operate earlier during the summer and later into the fall.
With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA). What progress has the IMO made?
To calculate credits, Lenovo estimates CO 2 emissions over the average lifecycle of devices, from manufacturing to shipping, use and disposal. PepsiCo adopted Lenovo’s CO 2 Offset service while evaluating replacements for computers in 2023 and the benefit the service offered. until October 2022 **Source: [link]
Products have a lifecycle that starts before they’re made and goes beyond their use – including what they’re made of and how they’re manufactured, shipped and eventually disposed of. Many companies talk about how the “circular economy” can reduce environmental impact – but what does that mean, in general and in practice?
Entered a strategic partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) in 2022, whereby DP World committed to long-term strategic collaboration and contribution to the development of zero carbon technologies and solutions for the maritime industry.
The Posorja terminal connects with more than 40 ports around the world and offers seven shipping services linking major global markets in Northern Europe, the Mediterranean, Asia, the South Pacific, and North America. In 2023, the terminal handled 510,533 TEUs, accounting for 20% of the national market.
The UN’s COP26 has developed toolkits for every sector of the globaleconomy and published a roadmap of shared pathways. Take the global maritime shipping sector. It has similar emissions to the whole of Germany and accounts for 80 percent of global trade. The EU has extended carbon pricing to shipping.
times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5
A problem that many people are not aware of is the fact that shipping natural gas over long distances as LNG is very expensive. A calculation I saw a few years ago indicated that when LNG was shipped from the US to Europe, adding shipping costs roughly tripled the cost of the natural gas. Pipelines are needed at both ends.
A popular answer to this is that the worst polluters should pick up the tab. “The decarbonisation of the globaleconomy requires new sources of financing,” Frédéric Vonner, Sustainability and Sustainable Finance Leader at Big Four accountancy firm PwC Luxembourg, tells ESG Investor. “It trillion a year by 2030.
Ahead of COP26, the Mission Possible Partnership released industry-backed roadmaps for steel, shipping and aviation, demonstrating it is technically and economically feasible for hard-to-abate sectors to develop pathways to net zero across their value chains this decade. Achieving the commitment could reduce overall global warming by 0.2°C
Lost at sea – A blog post from BNP Paribas’ Markets 360 team explained why EU Emissions Trading System (ETS)-covered shipping emissions increased in 2023, and why they are likely to rise again this year. We] are committed to positioning [our countries], and the Indo-Pacific region, to benefit from this shift.”
To reflect the scale of our operations, we have calculated the impact that FedEx makes on the globaleconomy as a whole, as well as on the economies of the United States and our major operating regions. In calendar year (CY) 4 2023, FedEx contracted with approximately 100,000 suppliers, 90% of which are small businesses.5
Originally published in FedEx's 2024 Global Economic Impact Report Global economic impact The extensive FedEx network moves more than $2 trillion worth of goods every year, providing vital shipping and logistics services that help customers connect with local, regional, and international markets. billion).
This makes it the busiest port terminal in Peru in 2024 and on track to surpass its 2023 record of 1.64 As the only terminal in Peru capable of handling 400-meter-long vessels and operating three large ships simultaneously, DP World Callao has significantly enhanced the country’s port competitiveness. million TEUs. million TEUs.
This can cover projects from sustainable fishing to coral reef restoration, cleaner shipping practices and eco-friendly tourism. After the Seychelles issuance, which financed the expansion of protected marine areas, the only sovereign issuer to follow suit was Indonesia, which raised $150mn in 2023. per cent annual increase.
â McKinsey, May 2, 2025, and â The future of wealth and growth hangs in the balance ,â McKinsey Global Institute, May 24, 2023. Given the size of the globaleconomy (roughly $111 trillion according to IMF data), a difference of a couple of trillion dollars in trade growth may not seem dramatic.
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