Tag: World news

Global renewable energy capacity highlights for 2020

Frank

WORLD – According to International Renewable Energy Agency (IRENA) report, at the close of the year 2020, global renewable generation capacity amounted to 2,799 GW with hydropower accounting for the largest share of the global total, with a capacity of 1,211 GW. Wind and solar energy accounted for equal shares of the remainder, with capacities of 733 GW and 714 GW respectively while other renewables included 127 GW of bioenergy and 14 GW of geothermal, plus 500 MW of marine energy. In the same year, renewable generation capacity increased by…

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French government to double Air France-KLM stake as part of a recapitalization

Frank

WORLD – European Commission regulators have approved a €4 billion (US$4.7 billion) recapitalisation of Air France that could see the French government more than double its shareholding in Air France-KLM.  The French government’s stake in the group will increase from 14.3% to a maximum of 30% as part of the arrangement, Air France-KLM said. The too Dutch government has confirmed that its holding will be diluted to 9.3% from 14%. Dutch flag-carrier KLM supports the recapitalisation measure, the group stated but will not benefit from the €4 billion aid, according to the…

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Hapag-Lloyd acquires Dutch shipping company NileDutch

Frank

WORLD – German international shipping and container transportation company Hapag-Lloyd and NileDutch, a leading provider of container services to West Africa. have signed a sale and purchase agreement where Hapag-Lloyd acquires all shares of the Dutch container shipping company. “Africa is an important strategic growth market for Hapag-Lloyd. The acquisition of NileDutch strengthens our position in West Africa and will be an excellent addition to our existing activities on the continent. Our combined customer base will benefit from a denser network from and to Africa as well as from a…

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Aerospace manufacturer Bell becomes first rotorcraft customer to use sustainable aviation fuel for training

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WORLD – American aerospace manufacturer Bell Textron Inc., a Textron Inc. company, has announced that it will begin incorporating Sustainable Aviation Fuel (SAF) into all Bell Training Academy (BTA) and customer demonstration fleet aircraft. Bell will be the first rotorcraft customer to receive SAF supply from global aviation fuel supplier, Avfuel Corporation. “Bell is an active supporter of the General Aviation Manufacturers Association’s sustainable fuel initiative, and we are committed to seeking eco-friendlier solutions for rotorcraft,” said Michael Thacker, Executive Vice President, Technology and Commercial Business. “As the industry moves…

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Total appoints Stéphane Michel new renewables chief to lead its huge green energy push

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WORLD – French oil and gas giant Total, has appointed Stéphane Michel the president of Gas, Renewables  and Power (GRP) and a Total Executive Committee member, a position previously held by Philippe Sauquet, who has retired, the company has said in a statement. Before this latest appointment, Stéphane Michel was Senior Vice President. Middle East and North Africa, Exploration and production, a position he has held since January 2014. “The Gas, Renewables & Power segment has a key role to play in the growth, value creation, and transformation of Total…

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DHL and Formula 1® renew their multi-year partnership ahead of the new season

Frank

WORLD – DHL and Formula 1® have announced the extension of their long-standing global partnership, which spans across a number of decades. DHL thus remains the Official Logistics Partner of Formula 1® for further years and will continue to be responsible for shipping world-class motorsport around the world. The year 2021 sees 23 destinations on the Formula 1® racing calendar, the largest number in the sport’s history, with DHL transporting race cars, fuel and oil, equipment for the racing teams and transmission technology. DHL has been the official logistics partner…

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Bolloré Logistics launches EASYorder for managing B2B customer orders

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WORLD – Transport and logistics company Bolloré Logistics, has launched EASYorder, an integrated services offering developed by B.Lab, with a view to simplifying the order process between exporters and their professional customers as well as within companies themselves. EASYOrder is intended in particular for retailers, proposing sales to employees or the purchase of non-marketable products (such as visual merchandising and point-of-sale advertising) and health protection equipment, as well as industrial distributors and companies for their B2B sales processes. I The product relies on the digital platform, Shopper, which links up…

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BAT acquires 19.9% stake in Canadian cannabis producer OrganiGram for US$176m

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WORLD – Cigarette manufacturer British American Tobacco (BAT), has announced plans to buy a 19.9 percent equity stake in the Canada-based cannabis producer, OrganiGram, for about US$176 million, even as the London based company seeks to diversify beyond its main tobacco business. The deal makes BAT the largest shareholder in OrganiGram, with the ability to appoint two directors to Organigram’s board of directors and representation on its investment committee. Further, as part of the agreement, a Centre of Excellence will be established to focus on developing the next generation of cannabis products…

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Car maker Volvo to go all electric by 2030

Frank

WORLD – Swedish car maker Volvo has said that its entire car line-up will be fully electric by 2030, joining a growing number of car makers planning to phase out fossil-fuel engines by the end of this decade. “I am totally convinced there will no customers who really want to stay with a petrol engine,” Volvo CEO Håkan Samuelsson told reporters when quizzed about future demand for electric vehicles. “We are convinced that an electric car is more attractive for customers.” The Swedish car maker said 50% of its global sales…

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Henry Maier retires as President and CEO of FedEx Ground, John Smith to take over

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WORLD – Henry J. Maier, president and CEO is set to retire from FedEx Ground and John A. Smith, president and CEO, FedEx Freight, will succeed Maier while Lance D. Moll has been named the next president and CEO, FedEx Freight. Maier joined FedEx in 1986. With more than 40 years in the transportation industry, including more than 35 years at FedEx, he held a series of leadership positions in logistics, sales, and marketing before becoming president and CEO, FedEx Ground, in June 2013. Most recently, Maier spearheaded the significant…

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