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ONE rolls out new low-emission shipping service: Japanese carrier Ocean Network Express (ONE) has kicked off a reduced emissions shipping service, dubbed ONE LEAF+, in a bid to decarbonize shipping, according to a press release. The product offers clients greater flexibility in terms of managing emissions across their value chains by leveraging sustainable fuels, boosting transparency, and tapping partnerships for sustainability gains, the statement said.
Hapag-Lloyd + Seaspan retrofit ships for methanol: Hapag-Lloyd and Seaspan have partnered to retrofit five 10.1k TEU conventionally powered container vessels with dual-fuel engines that are capable of running on methanol, according to a press release. Once the conversions are completed, the ships are set to remain on a long-term charter with Hapag-Lloyd. The move falls in line with Hapag-Lloyd’s goal to decarbonize its entire fleet by 2045, HapagLloyd’s COO Maximilan Rothkopf said.
Hapag Lloyd wins Zemba’s first tender: The Zero Emission Maritime Buyers Alliance (Zemba) has granted a two-year contract to German shipping giant Hapag-Lloyd for zero-emission shipping, according to a statement. Zemba’s members, including Tchibo, Nike, and Amazon, are set to purchase the environmental attributes linked to some 1 bn twenty-foot container-miles of zero-emission shipping between Singapore and Rotterdam, between 2025 to 2026, curbing some 82k metric tonnes of CO2e. The contracted journeys will be powered by waste-based biomethane, enabling 90% emissions reductions in comparison to traditional fossil fuels, Zemba said.
United Airlines has cut its expectations for aircraft deliveries in 2024 from 101 to 61,as aircraft maker Boeing struggles to keep up with deliveries amid a safety crisis, CNBC reported earlier this week. ”We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver,” United CEO Scott Kirby said. The carrier has also said that it plans to lease Airbus A321neos in 2026 and 2027, with the move indicating that it is turning to Boeing’s European rival to make up for shortfalls in deliveries, the outlet said.
Market reax: United Airlines’ shares boosted 13% on Wednesday as it forecast higher than expected 2Q 2024 earnings despite the stalled deliveries, CNBC added.
German carrier Lufthansa’s has submitted a revised proposal for a USD 346 mn buy out of 41% of Italian carrier ITA, after EU antitrust regulators turned down an earlier bid, Reuters reported earlier this week, citing inside sources. However the tweaks proposed by Lufthansa are not markedly different from the first package, sources said. EU regulators are particularly concerned about competition on short haul routes connecting Italy to Central Europe, long haul routes to North America and Japan, and ITA’s leverage at Milan Airport, with another snub likely if Lufthansa fails to address those concerns. Lufthansa’s plans to acquire ITA also took a hit from the EU watchdog’s decision to exclude budget carrier Ryanair as a rival for Lufthansa, citing differences in customers and airports served, the newswire also said. An EU commission is expected to yield a decision by 6 June.
US supply chain stability saw profound improvements in 2023, but several factors continue to disrupt supply chains and “a complete return to pre-pandemic normalcy remains unlikely in 2024,” according to a review of the latest findings of the KPMG Supply Chain Stability Index reported this week. Disturbances at the US – Mexico border, along with the persisting Red Sea crisis continue to disrupt supply chains, but nearshoring efforts in the US and Canada have also seen boosts to supply chain resilience, KPMG said. Moreover, resilience acquired during the pandemic period has led to less-than-expected disruptions on the back of the recent collapse of Baltimore’s Francis Scott Key Bridge.
