Maersk joins first mover coalition to drive demand for carbon neutral solutions in hard to abate-industries

Alongside representatives from leading global brands and in the presence of US President Biden and EC President von der Leyen, Henriette Hallberg Thygesen (back row, #3 from the right) today signed A.P. Moller - Maersk up to the First Movers' Coalition
Roughly half of the emission reductions needed to reach the 2050 climate goals rely on technologies in early development, demonstration or prototype phases. Accelerating innovation in this decade is critical to bring these technologies to market and make them cost-competitive.

To jumpstart this effort, the World Economic Forum, in partnership with US Special Presidential Envoy for Climate John Kerry, announced the First Movers Coalition - a new platform for companies to make purchasing commitments that create new market demand for low carbon technologies.

Alongside global brands such as Amazon and Apple, A.P. Moller - Maersk is a founding member of the coalition.

“We still have a long way to go, but it is very encouraging to see that the ball is rolling. Im delighted for us at Maersk to sign up to such a strong initiative and to see leading companies in hard to abate sectors make bold net zero commitments, this is what is needed to drive real climate action in this decade,” says Henriette Hallberg Thygesen, A.P. Moller - Maersk CEO of Fleet & Strategic Brands, who in the presence of EC President Ursula Von der Leyen and U.S. President Joe Biden signed Maersk up to the initiative at the COP26 summit in Glasgow, Scotland.

We still have a long way to go, but it is very encouraging to see that the ball is rolling. I'm delighted for us at Maersk to sign up to such a strong initiative and to see leading companies in hard to abate sectors make bold net zero commitments, this is what is needed to drive real climate action in this decade.

Henriette Hallberg Thygesen,
A.P. Moller - Maersk CEO of Fleet & Strategic Brands
Maersk is signing up to a target that at least 5% of its deep-sea shipping operations will be powered by zero-emission fuels by 2030. The commitments aim to be collectively significant enough to commercialize decarbonization technologies. They follow similar ambitions from leading global retailers last month, where brands including Unilever, Ikea and Inditex announced a target to progressively switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040.

Milestones in this decade
The First Movers Coalition will create long-term impact by driving milestones this decade through investment into technological solutions across eight key sectors.

Technology has given us the tools to reduce our emissions and build a stronger and more inclusive economy of the future. For innovators and investors to play their part in tackling the climate crisis, they need clear market demand. The First Movers Coalition will leverage the collective purchasing power of leading companies and drive the need for these technologies. I call on business leaders to work with us and be the role models keeping our climate goals alive.

Borge Brende,
President of the World Economic Forum
Seven of the chosen sectors — steel, cement, aluminum, chemicals, shipping, aviation, and trucking—account for more than a third of global carbon emissions, but do not have cost-competitive clean energy alternatives to fossil fuels. The eighth, direct air capture, could reduce atmospheric carbon-dioxide levels to help achieve net-zero global emissions but also requires technological innovation to reach commercial viability.

The First Movers Coalition is a platform for the world’s leading global companies to make purchasing commitments to create early markets for critical technologies needed to achieve net-zero by 2050. In this critical decade, we not only need to deploy as rapidly as possible existing clean energy technologies, such as wind turbines, solar panel, and battery storage, but also drive innovation for our long-term decarbonization goals.

Dry Bulk markets: Xclusiv Shipbrokers Inc. latest Weekly S&P Report

We are witnessing a correction in the Dry Bulk markets since last weeks. We see daily rates move to lower levels when compared to 2-3 weeks ago.

latest Weekly S&P Report Xclusiv Shipbrokers Inc.

Rising inflation is creating anxiety around the world as a significant increase in demand, following the easing of Covid-19 lockdowns, has been confronted by rising prices of energy and raw materials and notably supply bottlenecks. In many countries, these sharp consumer-price increases have evoked more or less similar responses from most central banks, by raising interest rates.

CELESTYAL CRUISES LAUNCHES EARLY “BLACK FRIDAY BOGO” UP TO 50% DISCOUNT

Celestyal Cruises, the award-winning, number one choice for cruise travellers to the Greek Islands and the Eastern Mediterranean, is pleased to launch its "Black Friday BOGO" campaign early this year.

CLIA announces appointment of Director General for Europe

Cruise Lines International Association (CLIA), the leading voice for the global cruise industry, announced the appointment of Marie-Caroline Laurent as Director General for CLIA in Europe, effective as of 15 November 2021.

Xclusiv Shipbrokers Inc.: latest Weekly S&P Report

As the Dry Bulk market enjoys its best market for over a decade, we are motivated to observe asset prices in equally firm moments in recent dry bulk shipping history. Specifically, on 7th October 2021, the BDI attained a 13-year high at 5,650 points.