K+N to be CO2 Neutral for Shipments
Switzerland-based global transport and logistics company Kuehne + Nagel International AG has launched a Net Zero Carbon program that will aim to reduce the environmental impact of supply chains.In addition to the continuous reduction of its own CO2 emissions, the company now offers its customers solutions for reducing the CO2 footprint of their supply chain. With the use of big data and new digital platforms, the selection of transport routes and modes can be optimized from a CO2 perspective.Kuehne + Nagel has also decided to proactively address the CO2 footprint of the transportation services performed by its suppliers – airlines, shipping lines and haulage companies. Kuehne + Nagel targets comprehensive CO2 neutralization (Scope 3 of the Greenhouse Gas Protocol – GHG) by 2030.
CMA CGM Orders 50,000 Traxens Trackers
French liner carrier CMA CGM has announced a new order for 50,000 Traxens trackers, aiming to fit containers with connected trackers to provide greater traceability – monitoring location, temperature, shocks, and when container doors are opened.As a structuring shareholder and the first company to have invested in Traxens in 2012, CMA CGM participated in the development of the solution by testing it for several years, then launching it commercially in 2018."Thanks to the order of 50,000 trackers this year, CMA CGM is implementing its decision to deploy the Traxens solution on a large scale for the benefit of its customers," the shipping giant said in a press release.CMA CGM customers who opt for the Traxens solution can efficiently monitor their goods…
Evoqua, Drew Marine Ink BWMS Deal
Evoqua Water Technologies and maritime solutions and logistics expert, Drew Marine, have announced a partnership to provide a full compliance package for ballast water management. The collaboration brings together Evoqua’s technology and Drew Marine’s engineering, logistics and service expertise to offer ship owners and operators expert assistance worldwide. The partnership will centre around Evoqua’s industry-leading SeaCURE Ballast Water Management System (BWMS). Both parties will collaborate during the SeaCURE BWMS sales process for new build vessels and retrofit opportunities. Drew Marine will then be responsible for the retrofit engineering…
ABB Celebrates 125th Anniversary in Finland
ABB is celebrating today its 125th anniversary in Finland. Founded in 1889 in Helsinki by entrepreneur and inventor Gottfrid Strömberg, ABB Finland is today an innovative automation and power technology company with more than 5,000 employees in 30 locations, with sales of 2.3 billion euros in 2013. “ABB Finland has been driving innovation in power and automation technologies for 125 years. Today, ABB Finland is one of our most dynamic and successful country organisations and we continue to invest substantially in innovation and production facilities” said ABB Chief Executive Officer Ulrich Spiesshofer. “I would like to thank our colleagues in ABB Finland for their long standing excellent results and confirm our strong commitment to grow together in the future,” Spiesshofer added.
CENTRE GROUP, TUFTON OCEANIC STRUCTURE HIGH-YIELD CDO
Shipping Bond Fund Ltd. A member of the Centre Group and TuftonOceanic have completed what is believed to be the first collateralized debt obligation (CDO) comprised entirely of high-yield shipping bonds. The $50 million CDO, Shipping Bond Fund Ltd., is unique due to its size and the fact that it selected assets solely from a select group of shipping industry bonds with high asset coverage ratios. Centre looks for opportunities to work with experienced partners to structure and provide capacity to CDOs and other asset-backed structured finance transactions through the application of non-traditional insurance and reinsurance products.
