Photo: CMA CGM
PARIS, Feb 1 (Reuters) – Container shipping group CMA CGM has signed an agreement with Total under which the oil and gas major will supply lower emission fuels in line with stricter environmental regulations in the shipping sector.
Under a three-year memorandum of understanding, Total will become a multi-fuel supplier to CMA CGM, providing fuel oil with 0.5 percent sulphur content and liquefied natural gas (LNG), the French companies said in a statement on Wednesday.
The United Nations’ shipping agency last year set global regulations to cut the amount of sulphur emissions from vessels to 0.5 percent of fuel content as of 2020 compared with 3.5 percent currently.
Total would also supply fuel with 3.5 percent sulphur content to CMA CGM for ships equipped with exhaust gas cleaning systems, or scrubbers, the companies said.
Privately owned CMA CGM, the world’s third-largest container line, also signed a MoU with French energy group Engie last year to develop LNG for ships. (Reporting by Gus Trompiz; Editing by Bate Felix)
(c) Copyright Thomson Reuters 2017.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,862 members that receive our newsletter.
Have a news tip? Let us know.
The frequency of cable incidents in the Baltic Sea has been "exceptional" in recent years, but state actors have more effective ways of performing underwater sabotage than by dragging anchors, Finland's intelligence service chief said.
U.S. President Donald Trump is expected to decide on Monday what levels of tariffs he will impose early on Tuesday on Canada and Mexico amid last-minute negotiations over border security and efforts to halt the inflow of fentanyl opioids.
CMA CGM Group posted 2024 results broadly similar to those of AP Møller Maersk (APMM), but warned of a difficult year to come. As usual, however, the French shipping group, which has now integrated Bolloré Logistics into its Ceva subsidiary, did not provide full transparency into its numbers.
Maritime and offshore news trusted by our 108,862 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
