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Business Wire
8 hours ago
- Business
- Business Wire
TotalEnergies and CMA CGM to Launch LNG Bunkering Logistics Joint Venture to Accelerate Maritime Decarbonization
PARIS & MARSEILLE, France--(BUSINESS WIRE)--TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), a global integrated energy company, and CMA CGM Group, a global player in sea, land, air and logistics solutions, have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the port of Rotterdam, in the Netherlands. This strategic partnership reflects the shared ambition of both French companies to work jointly towards the acceleration of the energy transition in the maritime sector. Expanding LNG Infrastructure in Europe As part of this new logistics joint venture, a new 20,000 cubic-meter LNG bunker vessel will be positioned in Rotterdam by the end of 2028 and jointly operated. The CMA CGM-TotalEnergies JV will offer a complete logistics service, from reload access at Gate terminal facilities to LNG bunker delivery to a wide range of vessels operating in the Amsterdam-Rotterdam-Antwerp (ARA) region, including those of CMA CGM as well as other shipping operators. The joint venture will capitalize on TotalEnergies' established logistics infrastructure in the ARA region, where the 18,600 m³ LNG bunker vessel Gas Agility has been in operation since 2020. By integrating the JV's future LNG bunker vessel with Gas Agility, the partnership aims to create synergies that enhance delivery flexibility and boost operational efficiency across the region. A Long-Term LNG Supply Agreement To support CMA CGM's goal of reaching Net Zero Carbon by 2050 and ensure the supply of its dual-fuel LNG-powered fleet, which will grow to 123 vessels by 2029, TotalEnergies will supply CMA CGM with up to 360,000 tons of LNG annually, from 2028 onwards and until 2040. ' We are proud to further contribute, alongside a partner like CMA CGM, to the development of an LNG bunkering supply chain in one of Europe's leading port hubs. LNG is today the most mature and immediately available solution to reduce the environmental footprint of maritime transport. This strategic partnership not only strengthens our position as a major player in LNG bunkering but also illustrates the shared commitment of two leading French companies to actively support the energy transition, ' said Patrick Pouyanné, Chairman and CEO of TotalEnergies. ' With this joint venture, CMA CGM and TotalEnergies are taking a new step to support the energy transition in shipping. For the first time, a shipping company and an energy provider will jointly operate an LNG bunkering vessel, based in the port of Rotterdam. It is a concrete way to scale up alternative fuels and accelerate the decarbonization of global trade,' said Rodolphe Saadé, Chairman and CEO of CMA CGM Group. The creation of the joint venture is subject to applicable regulatory approvals. A Committed Partnership Between Two French Industry Leaders TotalEnergies and CMA CGM have been long-standing partners committed to advancing low-carbon marine solutions: In 2017: Signing of a 10-year agreement under which TotalEnergies supplies 300,000 tons of LNG annually to CMA CGM in Rotterdam. In 2019: Signing of a 10-year agreement under which TotalEnergies supplies 250,000 tons of LNG annually to CMA CGM in Marseille Fos. In 2020: First LNG bunkering of a large CMA CGM container vessel in Rotterdam, with 17,300 m³ of LNG delivered by TotalEnergies. In 2021: First LNG bunkering of a CMA CGM container ship in France, in Dunkirk, with nearly 16,400 m³ of LNG supplied. In 2022: First ship-to-containership LNG bunkering operation at the Port of Marseille Fos, with around 6,000 m³ of LNG delivered in Marseille Fos. LNG's role in shipping's energy transition Used as a marine fuel, LNG helps cut greenhouse gas emissions by up to 20% compared to conventional marine fuel and has the potential to reduce emissions significantly more if bio or synthetic (respectively -67% and -85% of GHG emissions). It also significantly improves air quality by reducing nitrogen oxides (NOx) emissions by up to 85%, and it almost completely eliminates (by 99%) sulfur oxides (SOx) and fine particles. As such, marine LNG is a sustainable, affordable and immediately available way of reducing emissions in the shipping sector. TotalEnergies has actively invested in LNG bunkering infrastructure, critical to supporting its shipping customers' adoption of LNG as a marine fuel. TotalEnergies, the world's third largest LNG player TotalEnergies is the world's third largest LNG player with a global portfolio of 40 Mt/y in 2024 thanks to its interests in liquefaction plants in all geographies. The Company benefits from an integrated position across the LNG value chain, including production, transportation, access to more than 20 Mt/y of regasification capacity in Europe, trading, and LNG bunkering. TotalEnergies' ambition is to increase the share of natural gas in its sales mix to close to 50% by 2030, to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas. CMA CGM, a pioneer in decarbonizing the maritime industry As a global player in shipping and logistics, committed to achieving Net Zero Carbon by 2050, CMA CGM has made bold decisions that set new standards in the maritime industry. The Group's strategy is based on optimizing its fleet and operations, accelerating the use of low-carbon fuels, developing energy-efficient technologies, and promoting modal shift. CMA CGM has made significant investments in next-generation vessels powered by alternative energies such as LNG, biomethane and, in the future, e-methane and green methanol. About the CMA CGM Group The CMA CGM Group is a global player in sea, land, air and logistics solutions, true to its corporate Purpose, We imagine better ways to serve a world in motion. Present in 177 countries, it employs 160,000 people, of which nearly 6,000 in Marseilles where its head office is located. The world's 3rd largest shipping company, CMA CGM serves more than 420 ports across 5 continents with a fleet of over 650 vessels. In 2024, CMA CGM carried over 23 million TEU (twenty-foot equivalent unit) containers. Its subsidiary CEVA Logistics, one of the world's top five players, operates 1,000 warehouses and handled 15 million shipments in 2024. The Group's air freight division operates a fleet of cargo aircraft under the CMA CGM AIR CARGO and Air Belgium brands. CMA Media, France's 3rd largest private media group, includes RMC-BFM and several national and regional press titles (La Tribune Dimanche, La Tribune, La Provence and Corse Matin). Committed to energy transition, the CMA CGM Group is aiming for Net Zero Carbon by 2050. The CMA CGM Foundation provides humanitarian aid in crisis situations, and is committed to education for all and equal opportunities throughout the world. To date, the CMA CGM Foundation has transported 63,000 tons of humanitarian aid to 97 countries and supported over 550 educational projects. About TotalEnergies TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations. @TotalEnergies TotalEnergies TotalEnergies TotalEnergies Cautionary Note The terms 'TotalEnergies', 'TotalEnergies company' or 'Company' in this document are used to designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by TotalEnergies SE. Likewise, the words 'we', 'us' and 'our' may also be used to refer to these entities or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding are separate legal entities. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise. Information concerning risk factors, that may affect TotalEnergies' financial results or activities is provided in the most recent Universal Registration Document, the French-language version of which is filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF), and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).
India Gazette
12-06-2025
- Business
- India Gazette
ORF and CMA CGM Group to host First Raisina Mediterranean Forum
Marseille [France], June 12 (ANI): The inaugural edition of Raisina Mediterranean is set to take place in Marseille on June 12 and 13. Hosted by the Observer Research Foundation (ORF) and the CMA CGM Group through its center of excellence dedicated to learning and innovation, TANGRAM, in collaboration with the Ministry of External Affairs, India, and the Ministry for Europe and Foreign Affairs, France, the event will bring together more than 250 distinguished participants from 38 countries. This high-level convening will include ministers, former heads of state and government, parliamentarians, senior officials, and leading subject matter experts, an official statement from the Observer Research Foundation noted. As per the statement, Raisina Mediterranean is envisioned as a platform for meaningful dialogue on issues of regional and global significance. It seeks to explore how the Mediterranean's evolving ties with India and the Indo-Pacific will shape shared futures. With the support of key partners, including Airbus, ORF Middle East, and the Gates Foundation, the forum aims to chart a new course for Mediterranean cooperation, one that reflects the region's strategic centrality in the emerging global order. Over two days, participants will engage in conversations on critical issues including regional and inter-regional partnerships in trade, connectivity, maritime cooperation, energy, defence technology, blue growth, and innovation. The goal is to build the foundations of a resilient and interconnected Mediterranean community that can influence global conversations around governance, sustainability, and prosperity. A key highlight of the forum is the Deep Tech Network at Raisina Mediterranean--a closed-door roundtable connecting deep tech founders, investors, and global partners to tackle urgent challenges such as AI safety, drone defence, climate resilience, and biosecurity. The session will explore solutions across secure infrastructure, sovereign capabilities, and dual-use innovation, creating space to share insights, propose new alliances, and identify immediate opportunities for cross-sector collaboration. The forum will also feature a series of studio sessions, offering deeper insights into niche but consequential themes. These will explore India-Europe defence technology cooperation, the role of the Mediterranean in larger Indo-Pacific connectivity and infrastructure ambitions, the future of maritime trade and investment, evolving trade relationships, and the need for a more equitable dialogue between Africa and the West. Welcomed by Rodolphe Saade, Chairman and CEO of the CMA CGM Group, and Samir Saran, President, Observer Research Foundation, India, several distinguished leaders from across the region and beyond will take part in this landmark gathering. Among them are S. Jaishankar, Minister of External Affairs, India; Jean-Noel Barrot, Minister for Europe and Foreign Affairs, France; Ararat Mirzoyan, Minister of Foreign Affairs, Republic of Armenia; Michael Falzon, Minister for Social Policy and Children's Rights, Malta; Giorgos Papanastasiou, Minister of Energy, Commerce and Industry, Cyprus; Athanasios Ntokos, National Security Advisor, Greece; Edoardo Rixi, Deputy Minister of Infrastructure and Transport, Italy; Stefanos Gkikas, Deputy Minister for Shipping and Insular Policy, Greece; and Davit Karapetyan, Secretary-General of the Ministry of Foreign Affairs, Armenia. Other prominent figures participating in the discussions include Marcos Perestrello de Vasconcellos, Member of Parliament, Portugal; Fernando Gutierrez, Member of Parliament, Spain; Natalia Pouzyreff, Member of Parliament, France; Anurag Thakur, Member of Parliament, Lok Sabha, and former Minister for Information and Broadcasting, India; Priyanka Chaturvedi, Member of Parliament, India; Manish Tewari, Member of Parliament, Lok Sabha, India; Sanjeev Sanyal, Member of the Economic Advisory Council to the Prime Minister of India; Francesco M. Talo, Special Envoy for IMEC, Italy; and Gerard Mestrallet, Special Envoy of the French President for IMEC. From the industry and diplomatic sectors, the gathering will also hear from Tanya Saade Zeenny, Executive Officer of the CMA CGM Group and President of the CMA CGM Foundation; Tristan Aureau, Head of the Policy Planning Department at the French Ministry for Europe and Foreign Affairs; and Sanjeev Singla, Ambassador of India to France and Monaco. Taking place for the first time in this part of the world, Raisina Mediterranean extends the legacy of the Raisina Dialogue--India's flagship platform on geopolitics and geoeconomics, organised annually by the Observer Research Foundation in partnership with the Ministry of External Affairs, Government of India. Over the years, Raisina has successfully travelled to cities including Sydney, Washington, Berlin, Tokyo, Abu Dhabi, and Canberra, engaging global thought leaders in meaningful exchange. As per the statement, certain open-door sessions at the Raisina Mediterranean will be streamed live on the official Raisina Dialogue X handle (@raisinadialogue) and the Observer Research Foundation YouTube channel. The Observer Research Foundation (ORF) is a leading Indian think tank with global outreach through its offices in Washington DC and Dubai. ORF provides non-partisan, research-based analysis to policymakers, businesses, and civil society, and plays a vital role in shaping global conversations on key issues. The CMA CGM Group is a global player in sea, land, air and logistics solutions, true to its corporate purpose, 'We imagine better ways to serve a world in motion.' The world's 3rd largest shipping company, CMA CGM, serves more than 420 ports across 5 continents with a fleet of over 650 vessels. In 2024, CMA CGM carried over 23 million TEU (twenty-foot equivalent unit) containers. The CMA CGM Foundation provides humanitarian aid in crises and is committed to education for all and equal opportunities throughout the world. To date, the CMA CGM Foundation has transported 63,000 tons of humanitarian aid to 97 countries and supported over 550 educational projects. (ANI)
Yahoo
28-05-2025
- Business
- Yahoo
CMA CGM developing $600M Vietnam container terminal
CMA CGM Group is partnering with Saigon Newport Corp. to develop a new deepwater container terminal in Haiphong, northern Vietnam. The agreement covers the design, construction, and operation of the Lach Huyen terminals 7 and 8. The terminal will have a capacity of 1.9 million TEUs and is scheduled to open in 2028. The project comes amid a sharp increase in container volumes in northern Vietnam, and will enable Marseilles-based CMA CGM to secure long-term capacity as the region sees rapid industrial and logistics development. CMA CGM has been active in Vietnam since 1989, with offices in Ho Chi Minh City, Hanoi, Haiphong, Danang, and Quy Nhon. It operates 29 weekly services across seven ports in the country, connecting major global trade routes to an advanced intermodal network via Ceva carrier is co-owner of the Gemalink terminal in Cai Mep and the Vietnam International Container Terminal in Ho Chi Minh City. Find more articles by Stuart Chirls here. Maersk, Hapag-Lloyd partner on new Asia-Long Beach service Maersk more than halfway through $1B stock buyback Drewry: China-US container rates up by double digits Savannah sees record containers amid tariff frenzy The post CMA CGM developing $600M Vietnam container terminal appeared first on FreightWaves.
Yahoo
08-05-2025
- Business
- Yahoo
Maritime Analytics Market Size Growing at 10.6% CAGR Set to Reach USD 2.56 Billion by 2031
The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the maritime analytics market comprises a vast array of components that are expected to register strength during the coming years. US & Canada, May 08, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global maritime analytics market is observing significant growth due to the increasing maritime logistics and digitization, rising need for maritime vessel management and growth in maritime infrastructure and smart ports. As international trade continues to increase, the maritime industry faces greater demands for efficiency, sustainability, and real-time operational visibility. Maritime analytics plays a crucial role in meeting these demands by providing data-driven insights to optimize shipping operations, improve fleet management, and reduce costs. As per the UN Trade and Development (UNCTAD), in 2023, global maritime trade grew by 2.4% to 12.3 billion tons, rebounding from the 2022 contraction. The sector is projected to grow from 2% in 2024 to an average of 2.4% annually through 2029. The Maritime Analytics Market share is witnessing rapid growth as a result of growing demand for data-driven decision-making within the shipping sector. It encompasses the application of sophisticated analytics, AI, and big data to improve operational efficiency, safety, fuel management, and fleet optimization. Major drivers are growing global trade, regulatory compliance, and the need to save costs and the environment. Stakeholders like shipping firms, terminal operators, and logistics companies are using analytics to get real-time insights and enhance competitiveness. To explore the valuable insights in the Maritime Analytics Market report, you can easily download a sample PDF of the report - Overview of Report Findings Market Growth: The maritime analytics market was valued at US$ 1.27 billion in 2024 and is projected to reach US$ 2.56 billion by 2031; it is expected to register a CAGR of 10.6% during 2025–2031. The maritime analytics market trends include the integration of AI and ML. The maritime analytics market report emphasizes the key factors propelling the market and prominent players' development. Increasing Maritime Logistics and Digitization: In order to expand maritime transportation, logistics, and supply chain capabilities, key companies are making investments. In March 2025, CMA CGM Group, a global leader in maritime, land, air, and logistics solutions and the owner of the US flag carrier American President Lines (APL), announced a US$ 20 billion investment aimed at strengthening the US maritime economy and supporting the transformation of America's domestic supply chain over the next four years. This announcement further builds on CMA CGM Group's 35-year history in the US. The Group currently operates in 40 states and employs 15,000 people across the country. As a key partner in US trade, CMA CGM transports over 5 million shipping containers to and from the US annually. Rising Need for Maritime Vessel Management: Factors such as the increasing complexity of global trade and the growing pressure to enhance operational efficiency, reduce costs, and ensure sustainability are driving the demand for advanced maritime vessel management solutions. As the maritime industry faces heightened competition and regulatory scrutiny, effective vessel management has become critical for ensuring optimal performance, reducing downtime, and improving the overall lifespan of assets. Maritime analytics offer valuable insights to optimize vessel operations, streamline maintenance processes, and enhance safety. Technologies such as predictive maintenance enable the collection and analysis of vast amounts of real-time data from vessels, providing actionable insights into operational parameters such as fuel consumption, engine performance, weather patterns, and cargo handling. With predictive analytics, vessel operators can anticipate maintenance needs, mitigate risks, and make informed decisions that drive operational efficiency. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and APAC. APAC is expected to register the highest CAGR during the forecast period. Market Segmentation Based on component, the market is bifurcated into software and services. The software segment dominated the market in 2024. On the basis of deployment mode, the market is bifurcated into on-premises and cloud. The cloud segment dominated the market in 2024. By application, the market is divided into optimal route mapping, predictive and prescriptive analytics, pricing insights, vessel safety and security, and others. The predictive and prescriptive analytics segment dominated the market in 2024. As per end user, the market is bifurcated into commercial and military. The commercial segment dominated the market in Updated on The Latest Maritime Analytics Market Trends: Strategy and Development Key players operating in the Maritime Analytics Market include ABB; ZeroNorth A/S; Solitwork; Windward Ltd; Kpler; OrbitMI, Inc; Shipnet; Hexagon AB; Inmarsat GHL; and Maritech. Trending Topics: Vessel Monitoring System Market, Commercial Shipbuilding Market. Global Headlines on Maritime Analytics Market "Hexagon announced an agreement to acquire Septentrio NV, a market leader and OEM provider of Global Navigation Satellite System technologies, to drive innovation and expand the market reach of Resilient Assured Positioning solutions.' 'Norway-based maritime technology business Shipnet has launched Helix AI ahead of attending Sea Asia in Singapore next week, further strengthening its revolutionary Helix product, designed to transform decision-making in the shipping industry through advanced data analysis."For more inquiries or to access the full report, please visit: (2025-2031) at: The Maritime Analytics Market trends include the increasing adoption of AI and ML in maritime analytics software market. AI and ML are helping streamline various operational aspects, from optimizing shipping routes and port access to enabling automated navigation systems. Vessels equipped with these technologies can allow crews to offload routine tasks such as data collection and navigation, allowing them to focus on high-priority responsibilities that require human intervention. The continuous flow of real-time data empowers crew members to swiftly respond to changing conditions and leverage historical data to adopt more proactive strategies, ultimately improving operational efficiency and enhancing decision-making. According to Thetius' Beyond the Horizon: Opportunities and Obstacles in the Maritime AI Boom report in 2024, 36 shipping companies have either adopted or are planning to deploy AI-enabled technologies within the past year. Small and medium-sized enterprises (SMEs), which represent 63% of AI technology suppliers, have been instrumental in driving this adoption, alongside 18% of corporate entities and a growing 17% of startups, a 5% increase compared to 2022-2023. Thus, the advancements in AI and ML are expected to revolutionize how shipping companies manage operations, optimize resources, and respond to dynamic market conditions, creating significant future trends for businesses to drive efficiency, reduce costs, and enhance overall sustainability. The report from The Insight Partners, therefore, provides several stakeholders—including component providers, system technology integrators, system manufacturers, and others—with valuable insights into how to successfully navigate this evolving market landscape and unlock new Related Reports: Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Press Release - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
22-04-2025
- Business
- The Sun
World's largest cargo ship as tall as a SKYSCRAPER launched by China in face of Trump's global trade war
CHINA has put out to sea a monster-sized cargo ship, as the world's manufacturing hub sets out to show tariff-obsessed Donald Trump who the big guy is. The 1,310-ft-long vessel is said to be capable of holding a whopping 220,000 tonnes of goods and stacking 24,000 containers. 7 7 7 7 Footage shows the monstrous vessel - built in just 17 months - ripping through the ocean. Named the CMA CGM SEINE, the world's largest vessel was delivered from its Hudong-Zhonghua shipyard in Shanghai on Tuesday. The ship has a fuel bunker with a capacity of 18,600 cubic metres of LNG (Liquefied Natural Gas), allowing it to travel nearly 20,000 nautical miles when fully loaded. While dubbed the "sea monster", this ship is actually more environmentally friendly than traditional oil-powered vessels. It emits 20 percent less carbon dioxide, 85 percent fewer nitrogen oxides and 99 percent less particulate matter and sulphur oxides. China 's goal in building these giants vessels is reportedly to reduce logistic costs, make global shipping greener and increase its connectivity to other parts of the world. The ship has already begun sailing from Asia to Europe. It was built by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd., one of China's leading shipbuilding companies. This is the 17th vessel built by the shipbuilder for CMA CGM Group, a French shipping company. Until now, the world's largest container ship was the MSC Irina - a Chinese ship almost identical in length to the CMA CGM SEINE, but shorter in width. It is 167 feet wide - more than 30 feet narrower than this new ship. The MSC Irina was built by Jiangsu Yangzijiang Shipbuilding Group in 2023 and put into service the same year. It comes as China recently unveiled an enormous cargo drone dubbed the "pickup truck of the sky" that can carry a tonne. The drone, called CH-YH1000, was made public in January, when China announced it had passed its "full-load taxiing test". It is shaped like a passenger plane, with two large horizontal wings and a tail fin. It has two miniature propellers whirring at the front and runs on a set of three wheels in a triangular formation. The wheels don't leave the tarmac at any point, but this early-stage test was just to ensure the drone is able to taxi properly. The oversized drone will be used to ferry large amounts of cargo around, earning it the title of "pickup truck in the air". The mini plane is powered by two strong engines and sports an upward-flipping nose door to allow the easy loading and removal of cargo. 7 7
