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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.
SANTO DOMINGO, Dominican Republic, November 27, 2024 /3BL/ - DP World , a global leader in logistics and supplychain 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.
Posorja’s draft – which is over 15 meters – enables it to handle ultra-large container ships (ULCS), including those with capacities up to 22,000 TEUs. This allows shipping lines to deploy larger capacity vessels; for example, Maersk’s AC2 service includes vessels of 13,000 and 15,000 TEUs capacity.
The company’s supplychain saw ripple effects around the world, with 360,000 direct suppliers supporting 16.5 Over the past 49 years, FedEx has expanded its services to more than 220 countries and territories and invested in a global network enabling businesses of all sizes to access and grow the globaleconomy.
May 16, 2024 /3BL/ - DP World , a global leader in supplychain solutions, announces a strategic expansion of its North American freight forwarding network with two new offices in Texas. These new additions are part of the company’s global expansion of its freight forwarding network , announced earlier this year.
It said in part: Today, every occupant of every C-suite is trying to figure out what they’re willing to throw overboard as the economic storm spawned by the pandemic is swamping their ships. When the globaleconomy essentially sank like a stone as people world over sheltered in place. When the U.S.
Of course, moving to renewable energy wherever possible and reducing emissions across cars, shipping and aerospace are important initiatives. This will have a tremendous impact on nature that, in turn, will affect businesses and the globaleconomy.
But carbon is also moving constantly through the globaleconomy, which historically has been powered by burning fossil fuels for energy. Similarly, companies face different risks related to indirect emissions in their supplychain versus those that result from the use of their products. Carbon is everywhere.
CALLAO, Peru, October 15, 2024 /3BL/ - DP World , a global leader in logistics and supplychain solutions, has been awarded the Women’s International Shipping & Trading Association (WISTA International) Corporate Diversity Award for 2024.
He noted that 2024 will see a rise in similar eco-friendly vessels at the port, reflecting the maritime industry’s commitment to forging a more sustainable future in global logistics. Sustainability Beyond Shipping In addition to pioneering sustainable shipping practices, DP World is also focusing on greening its internal operations.
March 13, 2024 /3BL/ - DP World, a global leader in supplychain solutions, announces that it is expanding its freight forwarding operations across the Americas as part of its global strategy to build a comprehensive end-to-end supplychain network. CHARLOTTE, N.C.,
In food, for instance, business models and distribution methods were reshaped in a matter of weeks, as supplychains flexed to keep groceries in stock and farmers struggled to offload overripe crops. It’s a globaleconomy-wide issue but the fact that it is everywhere should inspire us to action.
and SANTO DOMINGO, DOMINICAN REPUBLIC, November 30, 2023 /3BL/ - DP World , a global leader in end-to-end supplychain solutions, announces its first export operations at its new air cargo logistics hub in Punta Cana, Dominican Republic. CHARLOTTE, N.C.
POSORJA, Ecuador, August 20, 2024 /3BL/ - DP World , a global leader in logistics and supplychain solutions, celebrates five years of operations at the Port of Posorja in Ecuador this month. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
Investment giant BlackRock announced today the acquisition of infrastructure investor Global Infrastructure Partners (GIP) in a cash and stock deal valuing the company at $12.5 billion, citing emerging long-term opportunities in areas including decarbonization, energy security, digital infrastructure, and supplychain transitions.
For example, the Mission Possible Partnership gets leading heavy-industry companies, banks and governments to create investment-grade “net-zero” sector strategies in seven key areas of the globaleconomy — aviation, shipping, trucks, chemicals, steel aluminum and cement.
95 percent of this comes from the manufacturing processes, including the extraction of raw materials and shipping.” Closing thoughts I can’t help but think about how right Boulding was nearly 60 years ago about the future of our globaleconomy.
Complex SupplyChains designed to run efficiently failed under the pandemic. Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supplychains and prevented firms to meet their demand. ESG trends in 2022: Sustainable SupplyChains.
This has important indirect effects on economy-wide productivity, since this leads many non-importing firms to upgrade their technology as well, just due to the fact of being in the same supplychains as firms that are importing and exporting. What Does the Future Hold for Globalization?
This includes routing customers through Canada’s Port of Prince Rupert, which boasts several strategic advantages for North American customers seeking efficiency and reliability in their supplychain operations. and Canada. As a result, transit times are reduced by three to eight days.
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supplychain 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.
From there, they were loaded onto cargo ships that travelled thousands of miles across the Atlantic Ocean to DP World Saint John in New Brunswick, Canada. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.
23, LKAB announced that it intends to integrate forward in the steel supplychain and start producing "sponge iron" as a value-added product from its current pellet product, using the HYBRIT process. This pivot in business strategy has major significance for the global steel industry. New challenges, new opportunities.
DUBAI, United Arab Emirates, August 27, 2024 /3BL/ - DP World , a global leader in logistics and supplychain solutions, has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.
VANCOUVER, British Columbia, June 11, 2024 /3BL/ - In another endorsement of its commitment to sustainability and the environment, DP World , a global leader in supplychain solutions, has achieved Green Marine recertification for its Fairview Container Terminal at the Port of Prince Rupert.
FedEx has helped shape globalsupplychains and the e-commerce revolution over five decades by transforming the way businesses exchange goods, services, and ideas — all while continuously exceeding the evolving needs of our customers,” said Raj Subramaniam, President and CEO, FedEx Corporation. million jobs.
For years, the relationship between sustainability and profitability in supplychain management was viewed as a zero-sum game. These findings and more are captured in DP Worlds report, titled Sustainability Drives Financial Benefit Across SupplyChains , available for download now. That narrative is rapidly evolving.
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?
DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. Since the beginning of 2024, the company has already transported over 5,000 cars across the Mexico–U.S. border for American and Japanese based OEMs with manufacturing in Mexico.
VANCOUVER, British Columbia, November 19, 2024 – DP World , a global leader in logistics and supplychain solutions, has deepened its commitment to environmental stewardship by enrolling three additional Canadian terminals – Vancouver, Nanaimo, and Saint John – in the Green Marine program.
VANCOUVER, British Columbia, June 5th, 2024 /3BL/ - DP World , a global leader in supplychain 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.
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?
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping).
When we discuss scale, we cannot afford to ignore the millions of small and medium sized businesses – or SMEs – that drive globaleconomies and create the fabric of local communities. As corporate customers face increasing scrutiny over their supplychain emissions, businesses of all sizes must become more transparent.
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.
From pioneering overnight delivery to inventing package tracking to expanding international trade innovation is in our DNA, which has empowered us to continue pushing boundaries to make supplychains smarter for everyone. The extensive FedEx supplychain multiplies this impact.
LIMA, Peru, November 28, 2024 /3BL/ - DP World , a global leader in logistics and supplychain solutions, has become the first port terminal operator in Peru to receive the prestigious Peru Brand license. This makes it the busiest port terminal in Peru in 2024 and on track to surpass its 2023 record of 1.64 million TEUs.
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. Coal emits around 980 grams of CO2 per kilowatt hour (kWh), 2.5
Additionally, Directive 3 applies to Public Joint Stock Company Alrosa, the world’s largest diamond mining company, which is responsible for 90% of Russia’s diamond mining and 28% globally. Without access to SWIFT, the “selected” Russian banks will effectively be cut off from participating in the globaleconomy.
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. Next year, that figure will go up to 70%, and to 100% from 2026 and beyond.
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