Topic
europe
Logistics Europe needs 65 CO2 carriers and 33 ports by 2050 to meet carbon storage goals, Xodus report says
A new report by energy consultancy Xodus finds that Europe's carbon capture and storage ambitions will require a dedicated fleet of around 65 CO2 carriers and 33 ports by 2050. Captured emissions are forecast to rise from 70 mtpa in 2030 to 320 mtpa by 2050, with shipping volumes more than doubling to 79 mtpa. Logistics operators need to prepare for a new market in CO2 transport, including vessel construction, port infrastructure, and multimodal connections.
Asian & European markets up
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Manufacturing BYD Unveils Five-Minute EV Flash Charge in Europe
BYD has launched its groundbreaking five-minute EV Flash Charge technology in the UK and Europe, starting with the Denza Z9 GT model. The company plans to install 6,000 charging stalls outside China by 2027, with significant investments in infrastructure.
Technology European GPS Disruptions Linked to Russian Satellites
Research from the University of Texas and Stanford University suggests that Russian satellites are behind GPS interference in Europe. The study identifies the Russian satellite Kosmos 2546 as a potential source, raising concerns about electronic warfare.
Logistics TGS Wins European Offshore Wind Site Characterisation Contract
TGS has secured a contract for offshore wind site characterisation in Europe, set to begin in August. The project will utilize TGS's Ultra High Resolution 3D streamer technology for detailed subsurface imaging.
Trade Amazon's $10B Robotics Investment in Europe
Amazon is investing over $10 billion to enhance its European fulfillment centers with advanced robotics, including the Proteus autonomous robot. This initiative aims to improve efficiency and safety while expanding Amazon's workforce by 25,000 by 2030.
Logistics Brazil-Europe Green Shipping Corridor Initiative
A consortium led by the Global Maritime Forum and RMI is set to establish a green shipping corridor between the Port of Açu in Brazil and the Port of Antwerp-Bruges in Belgium. This initiative aims to facilitate zero-emission shipping using e-ammonia and e-methanol.
Logistics FedEx Expands Dutch Hub to Boost Air Cargo Strategy
FedEx is investing $54 million to expand its trucking hub in Duiven, Netherlands, enhancing its air cargo strategy. This expansion will increase freight handling capacity by over 50% and integrate air and road networks for efficient delivery.
Trade Christmas Orders from US, Europe Drop Amid West Asia Crisis
Christmas-themed exports from India to the US and Europe have decreased by 10-15% due to the ongoing West Asia crisis. Exporters face challenges with rising costs and reduced demand.