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GMD UPFRONT MESSAGE
Recently, the COP26 provided the world with a wake-up call, in terms of the work that still needs to be done to reduce CO2 and other greenhouse gas emissions in the years ahead and to slow the impact of global warming and climate change. This year I have endorsed our Group Sustainability Committee to drive new policies ...
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MAJOR COMMITMENT TO REDUCE WATERFRONT EMISSIONS
As world leaders met at the 26th Conference of the Parties (COP26) in Glasgow recently finding new ways of reducing carbon emissions and slow down the increase in global warming. There is where the shipping industry came under more pressure to eventually eliminate burning fossil fuels as a primary energy source.
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GREENER ENERGY FUELS SHIPPING’S SUSTAINABILITY DRIVE
The pressure is rising on shipping to accelerate the adoption of green fuels to replace polluting bunker oil in order to meet the International Maritime Organisation’s (IMO) directive to cut CO2 emissions by at least 40 percent to pre-2008 levels by 2030, rising to a 70 percent reduction by 2050.
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RAINMAKERS REDUCE PLASTIC CONSUMPTION
Sourcing clean water for seafarers has been a challenge for thousands of years. Even with the substantial clean water storage on board today’s ocean-going ships, it is the quality of the water that is an enduring problem.
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SHIPYARDS SEE RECORD BREAKING SURGE IN BOX SHIP ORDERS
A ten-year downturn in shipbuilding has been reversed during the last 18 months by the sustained rise in freight rates for containers, provided carriers with a war chest to buy new vessels.
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ECOMMERCE DRIVING INCREASE IN FREE TRADE ZONES
Free Trade Zones (FTZs) have been around for 50 years or more and they continue to offer important economic benefits for host countries and hosted companies. A FTZ is considered a Special Economic Zone, or SEZ, which is a designated area for commercial purposes. In the said area, economic trade is free from any trade related fees like taxes or duties.
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GROUP ANNOUNCES AMBITIOUS MEGA PROJECT WHILE SMART GREEN SOLUTIONS OFFER GREENER INLAND SUPPLY CHAIN
Hutchison Ports and SPARK, a sustainable, global energy hub in Saudi Arabia, announced the signing of a shareholders’ agreement for the formation of a joint venture to manage and operate the dry port and bonded logistics zone in the SPARK energy industrial city in Saudi Arabia’s Eastern Province in September 2021.
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