Dubai, UAE - Fashion Revolution UAE, a movement promoting a more sustainable and socially just fashion industry, is hosting their annual Fashion Revolution Week.

Taking place from Monday 18th to Sunday 24th of April, the campaign aims to bring awareness to and commemorate the Rana Plaza factory collapse anniversary. This year on a global level, Fashion Revolution wants to reimagine a fair and equitable fashion system for people and the planet.

The theme for Fashion Revolution Week 2022 is MONEY FASHION POWER. Built on the knowledge that the mainstream fashion industry relies upon the exploitation of labour and natural resources, prioritising growth and profit above everything else and leading individuals to overconsumption.

“As we enter our 9th year, we will go back to our core, exposing the profound inequities and social and environmental abuses in the fashion supply chains. From the uneven distribution of profits, to overproduced, easily discarded fashion, to the imbalances of power that negate inclusion. On the other hand, inspiring new designers, thinkers and professionals all over the world are challenging the system with solutions and alternative models.” - Orsola de Castro, Co-founder and Global Creative Director, Fashion Revolution

Fashion Revolution UAE will hold different events ranging from workshops, online panel discussions to masterclasses, as well as a sustainable fashion competition for new talents. It will encourage brands and consumers to adopt a more conscious lifestyle and participate in the growing sustainable fashion movement in the UAE.

For full details and event timings visit: www.fashionrevolution.org

Driving towards a global vision of Zero Crashes, Zero Emissions and Zero Congestion, General Motors Africa & Middle East (GM AMEO) is doubling down on its carbon footprint reduction across its Middle East Operations, Supply Chain and Distribution network.

Through a series of sustainability initiatives across its Middle East facilities, GM has confirmed it is currently saving 330 metric tons of carbon dioxide (CO2) per year, rising to a saving of approximately 2,000 metric tons of CO2 annually by 2024 - totaling a 95% operational carbon footprint reduction annually. By 2035, GM operations in the UAE will have reduced carbon emissions by approximately 24,000 metric tons, equivalent to planting approximately 876,000 trees, from a 2022 baseline.

GM Middle East’s carbon footprint reduction will be spearheaded by the installation of solar panels at GM’s Middle East Distribution Center, the highest energy generating facility for GM in the UAE.

The solar power project is scheduled to be complete in 2023 with 13,000 square meters of the latest-technology solar panels achieving 100% solar power for this facility. 

This announcement highlights GM’s environmental stewardship across its operations.  This regional reduction contributes to GM’s global commitment to reduce absolute Scope 1 and 2 GHG emissions* 72% by 2035 from a 2018 base year.

These regional initiatives align with GM’s global commitment to prioritize climate actions, including building on the company’s philanthropic commitment to equitable climate action. Previously, GM had announced $50M had been committed to its global Climate Equity Fund, helping to close equity gaps in the transition to electric vehicles and other sustainable technology. This is in addition to GM’s $35 billion global investment in electric vehicle and autonomous vehicle programs, research, technology, manufacturing and charging infrastructure.

“At General Motors, we are committed to reducing greenhouse gas emissions and transforming the communities where we work and live by striving towards zero crashes, zero emissions, and zero congestion.
“Climate action is a priority and every company must push itself to decarbonize further and faster. We are proud of the work being done to reduce our carbon footprint in the region as we continue to advance on our commitment to lead an all-electric, carbon-neutral future,” said Kristen Siemen, GM Vice President of Sustainable Workplaces and Chief Sustainability Officer.

Luay Al Shurafa, President and Managing Director, General Motors Africa and Middle East said, “Our commitment to sustainability here in the Middle East is clear through announcements such as this 95% reduction in annual operational carbon emissions and our plan to launch 13 all-new electric vehicles (EVs) in the region by 2025. Our goal is to be the industry leader in EVs and in the UAE we will have reduced our CO₂ emissions by 24,000 metric tons by 2035.

“As part of our strategy to help reduce emissions globally, we’re also planning to source 100% renewable energy globally by 2035 and from recycled metals to suede, we're planning to use at least 50% sustainable material content in our vehicles by 2035. The transition to an inclusive zero emissions future supports and aligns with the UAE’s visionary and inspiring Green Agenda 2030 and NetZero 2050 initiatives. Building a better tomorrow cannot be done alone, strategic partnerships in the private and public sectors are crucial to our shared goals."

These findings will form part of GM’s Middle East’s first-ever MENA ESG Intelligence Report in collaboration with Oxford Business Group (OBG), which will be published later in 2022.

GM Middle East sustainability highlights:

Optimizing operations

Adding value through responsible sourcing

GM Egypt

GM’s all-electric future

In early 2021, GM announced that it plans to become carbon neutral in its global products and operations by 2040 and is working toward a transition to 100% zero tailpipe emissions for new light-duty vehicles by 2035.

Globally, GM also signed the Business Ambition Pledge for 1.5°C, an urgent call to action from a global coalition of UN agencies and business and industry leaders to urge limiting global temperature rise to 1.5°C above preindustrial levels and reach net-zero emissions by 2050.

-Ends-

About General Motors

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, CadillacBaojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

Source: Zawya

DUBAI: Dutch academics and the UN’s Food and Agriculture Organization have launched a vital new project that is using state-of-the-art artificial intelligence technology to improve the identification and measurement of fish species and stocks in the Nile Basin.

It could become a key tool in the quest for sustainability and food security by improving the collection of vital data from fishing communities around the region.

The initiative, supported by Wageningen University and Research in the Netherlands, is the latest development in a decades-long effort launched in the 1970s by FAO to help countries carry out better identification of species for fisheries purposes, so that the collection of data about fish catches can be enhanced and the fishing industry improved.

A fisherman on the Nile catches a tilapia. The river’s basin is the site of a new scheme using AI to track fish stocks, below, which, it is hoped, will improve the sustainability of fishing in the region. (AFP)

“This helps people to understand long-term trends in what is happening with fisheries through time,” said Kim Friedman, a senior fishery resources officer at FAO. “The initial push was mainly to do species identification guides and most of these were done with the museums of the world, so that a country could pick up a guide and know exactly which species it was. But then we started to also do posters and pocket guides so people could carry them in boats.”

The tools have evolved thanks to critical new work, supported by artificial intelligence, that could transform ocean-conservation efforts that are much needed given that many of the world’s fish species are in decline.

Once a very costly, time-consuming process carried out by observers on vessels, species tracking using advanced technology can now be so detailed that the data can even pinpoint the freshness of fish.

Nile tilapia is one of the world's most popular cultured freshwater fish. (FAO photo)

Edwin van Helmond, a fisheries scientist at Wageningen Marine Research, which is part of WUR, said that the potential for the use of AI and other technologies in supporting fisheries management is huge.

“The fact that detailed catch information can be collected through algorithms, without the presence of experts, makes data collection available in remote areas,” he told Arab News. “Data can be sent or collected at a later stage or directly stored in a data cloud and made remotely available for experts.”

He believes such technology will also greatly benefit food security in the long term, which is a major challenge facing the Gulf region, and also the sustainable management of natural resources, which begins with the collection of sufficient data.

FAO is testing algorithms that can calculate sustainable harvest quantities without the danger of over exploitation. (Photo credit: FAO)

“To be able to perform a good assessment of the available resources, in this case local fish stocks, you need good data,” he said. “This includes detailed catch information by species, catch weight, and length frequencies.

“These variables form the input for any stock-assessment model, and with these models you can calculate sustainable harvest quantities without the danger of over exploitation, which equates to sustainable management of local fish stocks and long-term food security.”

FAO is now trying to make the technology more accessible so that more people in the industry can benefit from it, which in turn will help the organization expand its data sets. Comprehensive information about each species would be used to build algorithms that can identify species and their locations and recognize any changes.

FASTFACTS

Climate change, diminishing fish stocks and over-fishing are threatening coastal communities.

AI and mobile apps are helping fishermen worldwide engage in sustainable fishing practices.

Once such algorithms are developed, an app will allow users to search for specific species using imagery that can unlock information such as the features of the species, food values and other fisheries-related data.

“In the future, anyone, even a fisherman, could take pictures of his catch, send them off, get the species identification and, potentially, also some metrics like the size of the fish,” eventually developing a portfolio of trends in the waters in which they work, Helmond said.

The project in the Nile Basin, which will run for three to five years, will also look at certain country requirements in terms of languages, reporting and ensuring data sets meet the desired levels of security.

So far, e. The system mirrors recreational fishing identification efforts in European rivers and lakes, where communities fund systems that can identify catches and develop appropriate codes of practice among themselves.

“This then feeds back into understanding how well the different rivers or lake systems are doing and which ones maybe need to be augmented with hatchery-reared fish,” Friedman said.

“It allows people to link up with others who would not have potentially linked up in the past.”

A key to success will be data gathering by as many stakeholders as possible, said Friedman. The resultant benefits for all those involved will be the best possible algorithms.

“There is also an ability for us to start to collect pictures from around the Nile to tell people they can catch this type of fish in good sizes and condition in a specific location,” he added. “So (this addresses) issues about sustainability and also looking for market opportunities.”

The Global Fishing Watch platform, a collaboration between Google, nonprofit environmental digital-mapping organization SkyTruth and conservation organization Oceana, was one of the first attempts to combine AI with satellite data to observe fishing activity.

Google, along with the nonprofit environmental digital-mapping organization SkyTruth and conservation organization Oceana, are working on an AI project to combine studies with satellite data to observe fishing activity worldwide. (Global Fishing Watch)

The technology also offers hope for efforts to address diminishing freshwater resources across the region, which has some of the lowest levels of fresh water in the world, mainly in the form of underground, non-renewable stocks. Freshwater reserves have fallen by 60 percent in the past four decades, according to FAO, and what remains is expected to diminish by 50 percent by 2050.

Advances in technology are expected to play a leading role in the creation of international policies to promote sustainable fisheries and aquaculture and ensure their growth, with artificial intelligence helping to address what is now a global environmental concern. The data that is gathered will allow fish and seafood retailers and customers to be more aware of whether what they are selling and consuming is sustainable.

Innovation also holds the key to making farming and the entire agri-food value chain more attractive, creating business and employment opportunities and helping the region to achieve food security, sustainable agriculture and the objectives of the UN’s Sustainable Development Goals.

Advances in technology are expected to play a leading role in the promotion of sustainable fisheries and aquaculture and ensure their growth. (AN file photo) 

FAO Director-General Qu Dongyu believes the latest collaborative project is a vital step toward achieving this.

“A focused and strengthened framework between FAO and Wageningen University and Research will allow our partnership to better align efforts and resources for greater impact in meeting the 2030 Agenda for Sustainable Development Goals,” he said.

In addition to the Nile project, FAO and WUR are collaborating on several other initiatives related to the sustainable development of fisheries and aquaculture value chains.

In the African, Caribbean and Pacific States, for example, a joint project called FISH4ACP is providing expertise on multi-stakeholder partnerships that is contributing to food security and increased nutrition, prosperity and job creation.

Just last month, authorities in Saudi Arabia, which is responsible for 49 percent of the Gulf’s aquaculture, announced they are working to establish a regional center for fisheries as part of wider goals to diversify the national economy and address food security.

Saudi Arabia is responsible for 49 percent of the Gulf region's aquaculture industry. (Supplied)

Friedman said that such initiatives have the potential to rapidly spread across the region and beyond.

“If we look back through time, all the regional guides that were put together to understand fisheries started off in certain regions and now are global,” he said.

“I suspect we will have the same thing happen not just for the Nile, but for inshore fisheries, pelagic (open sea) fisheries and so on, based on the opportunities that AI will offer us.”

Source: Arab News (https://www.arabnews.com/node/2060676/middle-east)

Regional leader in design-build construction, AMANA has completed building the 14,000-sq m Al-Futtaim Auto Park in Al Ain, including the installation of a solar photovoltaic (PV) system. The solar PV system is expected to generate 800 MWh of energy, which is equivalent to 5,571 trees grown over 10 years. AMANA’s strong and diversified portfolio of capabilities, beyond standard industrial contracting, enabled a seamless and successful installation, even as construction of the building was ongoing.

Jihad Bsaibes, CEO, AMANA Contracting Group, said: “The Al-Futtaim Auto Park in Al Ain has become a signifier of a greener, smarter future for the nation. Building it with a solar PV system, we combined significant energy production with seamless architectural integration. Thus the project opens up new prospects for the deployment of renewable energy. Solar photovoltaic systems are a critical solution to help decarbonise the construction sector, responsible for more than one third of global annual greenhouse gas emissions.”

AMANA built the state-of-the-art Auto Park in Al Ain – a complete showroom and workshop for servicing motor vehicles, powered by renewable energy. Its 487.9 kWp solar PV plan is expected to generate 800 MWh of energy, whilst offsetting 334 metric tons of carbon dioxide during its first year of operation. The project is the first automotive facility to operate all brands under one roof, as well as being the only multistory automotive facility in Al Ain which can hold almost 70 new and used cars on both floors. Its end-to-end offering includes commercial vehicles, in addition to passenger cars, new and used, for sale, leasing, and renting.

The UAE has ramped up nationwide efforts to increase its renewable energy capacity. The UAE’s Energy Strategy 2050 aims to increase the percentage of clean energy in the country’s energy mix to 50 per cent. The country is diversifying its energy mix, adding solar and nuclear sources to its grid, as it looks to free up crude for export. Abu Dhabi intends to generate half of its power requirements from clean energy sources by 2050.

With almost 500,000 square meters of industrial buildings and associated rooftops constructed yearly, AMANA Contracting and Steel Buildings is a pioneer in building rooftop solar power plants. AMANA was one of the first contractors approved by DEWA (Dubai Electricity and Water Authority) to provide installation and maintenance services for solar energy systems in early 2015.  This classification coupled with AMANA personnel certified by DEWA as “solar PV expert” makes AMANA the go-to contractor of choice for designing, installing and maintaining roof-mounted solar power plants.

Source: CNBME

Sixty-metre machine recycles up to 2,000 tonnes of rubble a day

A few years ago, the Ghayati area was a remote patch of sand in the Abu Dhabi desert.

But now, 2,000 tonnes of construction waste are recycled every day into material that builds the country's roads.

It all happens in the Ghayathi desert – about 250 kilometres west of the capital – where a 60-metre crusher turns huge stones into gravel.

All stone from construction sites and demolished buildings in Al Dhafra is recycled, reused and sold to boost the economy. Previously the waste was taken to landfill.

The crusher opened in 2018, then closed for a few years but reopened in January and expects to process hundreds of thousands of tonnes of waste this year.

“Now we can sell it and use it for infrastructure projects such as road construction,” said Khalid Al Khanbashi, senior waste officer at Tadweer.

“This boosts the economy by providing reusable material rather than collecting it from natural resources," he said.

“It also opens the door for investments in the waste-management field."

Al Dhafra is a region on the rise. Sir Bani Yas Island is one of the country's top tourist destinations. Ruwais, once a small oil town, is being transformed with new parks, shops, markets and beach developments, while the first operational line of Etihad Rail runs from the Shah and Habshan gas fields to Ruwais.

The crusher receives its waste chiefly from projects in these areas – and the work is painstaking and methodological. The area is piled with massive loads of waste. A tractor first takes a load to the examination station. The material is inspected and checked by camera to ensure it is suitable for crushing.

It is then cleaned before being fed into the crushing plant. The waste travels on a magnetic conveyer belt where any metals or contaminated materials are removed.

Source: The National News

A massive move to sustainability is driving the UAE's industrial sector focus, says chief executive of Dubal Holding, which owns 50 per cent of EGA

Emirates Global Aluminium (EGA), the UAE’s biggest industrial company outside the oil and gas sector, will soon make a complete shift to nuclear and solar energy to produce aluminium, as demand soars globally for sustainably developed raw materials.

Last year, EGA became the first company to produce aluminium commercially using solar power. It currently produces approximately 40,000 tonnes of the green aluminium, called CelestiAL, which is being supplied to car maker BMW.

The entity is currently in the process of connecting to the Barakah nuclear power plant, said Ahmad bin Fahad, chief executive of Dubal Holding, which owns 50 per cent of EGA.

"It's a work in process, to do the connection [to the nuclear plant], and ensure the conversion from conventional gas power engines into nuclear power. It's an infrastructure project with a big cost involvement. There are a lot of things that need to be done in order to do the connection [since it also needs to link] to the two smelters in Jebel Ali and Al Taweelah," he told The National.

While he did not disclose the exact timeline or other details, Mr bin Fahad confirmed the plan is to switch completely to nuclear and solar within the next few years.

Aluminium production is energy intensive and generating electricity accounts for about 60 per cent of the global aluminium industry’s greenhouse gas emissions. Globally, roughly 55 per cent of the power consumed by the industry is self-generated rather than purchased from the grid, according to the International Energy Agency (IEA).

Considering the average power mix supplying the global aluminium industry, hydropower accounts for about 25 per cent, down from 40 per cent in 2010, "largely due to expanding aluminium production in China powered by coal-based electricity, where coal supplies close to 90 per cent of production", IEA said in a report in November.

In Europe, North America and South America, hydro still supplies 75 per cent or more of production.

Using nuclear energy will slash carbon emissions by about 50 per cent, from roughly 8 tonnes of emissions to produce one tonne of aluminium at present, Mr bin Fahad said.

EGA, which produces about 2.7 million tonnes of aluminium every year and ships its products to more than 50 countries, is also developing its own technology to decarbonise operations and reduce emissions.

"We are increasing production ... the demand [especially for green aluminium] far supercedes the supply," he said.

Overall global aluminium demand is expected to increase almost 40 per cent to 119.5 million tonnes in 2030, driven by key industrial sectors such as transportation, construction, packaging and electrical sectors, according to a study by CRU International on behalf of the International Aluminium Institute (IAI).

The aluminium sector will need to produce an additional 33.3 million tonnes to meet demand growth, the report said. Two-thirds of the demand growth is expected to come from China, followed by the rest of Asia, North America and Europe.

Meanwhile, aluminium prices have been soaring as the fallout from the Russia-Ukraine war weighed on global supply. Prices averaged $3,498 per metric tonne in March, up almost 8 per cent from February’s price and nearly 60 per cent on an annual basis, FocusEconomics said in a report this week.

Western sanctions, including Australia’s ban of alumina and aluminium ores exports to Russia, is "likely driving a decline in Russian aluminium supply to the rest of the world", it said.

"This, coupled with short-covering by traders in the LME [London Metal Exchange] and fears of further sanctions — potentially including those on Russia’s Rusal, one of the world’s main producers — sent prices soaring to record highs in March," the report said.

The LME might go even higher driven by the conflict, the lingering effects of the pandemic and the soaring prices of raw materials, fuel and logistics, according to Mr bin Fahad.

If prices continue to rise, they might "reach an inflationary rate that will be so expensive, that it will impact the rest of the industry that rely relies on aluminium ... like the auto industry", he said. And with sectors such as the auto industry shifting the costs to customers, "the end-user will be penalised", he said.

He stressed that it is, however, a short-term issue. "Things will be corrected. EGA will keep expanding the production line to keep up with the demand but this is just one player. Other players also need to look into their operations and optimise efficiency and production."

Prices are expected to fall from their current highs by year-end, the Focus Economics report said, although supply tightness and lingering fears of further disruptions ahead should keep them elevated. Aluminium prices are anticipated to average $3,087 per metric tonne in the fourth quarter of this year and drop to $2,746 per metric tonne by the fourth quarter of 2023.

EGA, which is also owned 50 per cent by the Mubadala Investment Company, currently forms the biggest part of Dubal Holding's portfolio. The company, the investment arm of Dubai government in the commodities and mining, power and energy, and industrial sectors, is also looking for opportunities to expand the midstream and downstream aluminium industry, such as auto-spare parts, according to Mr bin Fahad.

It is also proceeding on track with its Dh4 billion ($1bn) waste-to-energy project, which will convert 1.9 million tonnes of waste per year into renewable energy. The approximate 200 megawatts of electricity generated will be fed into the local grid as clean energy.

The facility is expected to start operations by 2024, and more such plants are planned for the rest of the country, Mr bin Fahad said.

Dubal Holding's project pipeline includes plans for a plastics-to-chemicals-and-fuel facility as well as new ventures in biogas and titanium.

The company announced a record profit of Dh2.7bn for 2021 compared with Dh217 million in 2020, driven by EGA's strong performance. "I hope it [financial results this year] will be better than last year," Mr bin Fahad said.

Source: The National News

Governments in the Middle East have implemented wide-ranging economic measures and incentive packages for their respective Real Estate markets in recent years in hopes of driving growth and boosting the sector.

Despite this effort, when compared to global markets using multiple indices, Middle East markets are working on enhancing certain market fundamentals, which are critical to achieving sustainability and growth in the long-term.Taking a closer look, within global indices such as the International Protection Rights Index, the Real Estate Transparency Index, and the UN E-Government Development index, Middle Eastern Real Estate markets are classified as being at a developing stage.

In response to the classification, PwC Middle East has conducted an analysis of top ranking markets within such indices to draw best practices for the region and to suggest six guiding principles for regulators to follow:

  1. Integrated legal framework
  2. Land/property register and cadastre system
  3. Effective governance
  4. Proficiency of service
  5. Sustainable financing
  6. Data management and transparency

These guiding principles were developed to help address specific issues present in markets in the region. Namely, market distortions, imperfect competition, asymmetric information, and other externalities. While the Real Estate markets in the region as a whole can benefit from the six guiding principles, each country has a varying degree of maturity within each category.

Commenting on the report Dr. Martin Berlin, Real Estate Leader at PwC Middle East said: “We see huge potential for growth in Middle Eastern Real Estate markets. Across the region, many regulators are already making strides in closing the regulatory gaps between the Middle East and high-ranking markets globally. We developed six principles to act as a guide based on an analysis of these high-ranking markets to support regulators in their quest to achieve long-term sustainable growth.”

He added “We believe the six suggested principles ,when followed, will have an impact on reducing volatility in the market and have a price correcting effect, reducing the cost of living for households and related costs for businesses and taking inflationary pressures off wages.”

To learn more about the analysis, the expected outcomes of the six guiding principles, or to read in depth case-studies of different markets, read the full report here.
Link:   https://www.pwc.com/m1/en/publications/developing-sustainable-real-estate-markets.html

Source: Zawya

Electric vehicle sales are growing exponentially. As they do, public charging networks need to expand rapidly and demand for home charging equipment will mushroom. In fact it is reported that global EV sales more than doubled in 2021 vs. 2020 and all net growth in global car sales in 2021 came from EVs. Having a good technical understanding of the equipment has never been more important.

Electric car charging stations and home chargers have to meet high standards of availability, safety, and comfort based on the field of application. Complex structures made up of numerous small parts are no rarity. Developers and design engineers are therefore often faced with technical challenges and questions about wiring, power supply, controllers, and communication links.

To tackle these questions, Phoenix Contact has published five new videos to the technical support channel on YouTube. They provide clear explanations on technical topics as well as the interaction between individual electronic and electrical engineering components – focusing on the typical requirements of a networked e-mobility charging infrastructure. The videos also convey basic information about charging technology, such as charging standards and connector types.

You’ll find their YouTube playlist here: https://www.youtube.com/playlist?list=PLXpIBdAgtoRJ7Gsuob3_p3krsy0iQmqpH.

Denmark-based global container logistics giant Maersk will achieve net-zero carbon emission status by 2040 when its entire fleet will be green fuel enabled, said Christopher Cook, Managing Director, Maersk UAE,

“As we scrap old vessels, the new ones that are coming in will be green fuel enabled. Our entire fleet will be green fuel enabled by 2040. Then we will be net-zero,” he said at a recent press conference to launch Maersk Kanoo UAE’s first Integrated Logistics Centre in Dubai.

He said the current fleet size is around 740 with a total capacity of 4.3 million TEUs. The company has 13 green fuel vessels on order – 12 vessels of 16,000 TEU capacity being built by South Korea’s Hyundai Heavy Industries and one feeder vessel which will be the first to come into operation by end-2023 in Northern Europe. To power these vessels, Maersk had signed strategic partnerships with six companies for sourcing at least 730,000 tonnes/year of green methanol through projects in China, North and South America.

The first vessel is scheduled to be operational at the beginning of 2024.

“As we look for supply of methanol, we continue to engage with partners where green fuel is produced. Though we looked at a number of other fuel sources available such as hydrogen and ammonia, we decided that the most effective which can be operated safely on our ships is methanol,” said Cook.

The official said Maersk does not have immediate plans to enter into agreement with any producers or suppliers in the GCC. “However, we continue to look for partnerships here to develop fuel sources,” he said.

Zawya Projects had reported on 11 March that Egypt's Suez Canal Economic Zone (SCZone) and Maersk are in discussions to implement green methanol and green ammonia projects in the country.

Ocean freight rates

On the sky-rocketing ocean freight rates, Cook said it is hard to predict how quickly the rates will normalise. “However, we see normalisation towards the middle of this year,” he said. Ocean freight rates have increased up to 800 percent in some routes due to reduced available capacity on shipping lines and container shortage.

Cook said there is limited impact on Maersk’s customers. “There were certainly significant increases in freight rates, but almost two-thirds of our customers are not seeing that sort of increase, because they have long term fixed rate contracts and they enjoy stable rates throughout the year,” he said.

As part of its move to expand its e-commerce footprint, Maersk has been on an acquisition spree, mainly in the US and Europe and not in the Middle East.

Expanding e-commerce footprint

The logistics giant has been acquiring strategic entities from the beginning of this year, and acquired an e-commerce company in the US that supports delivery of e-commerce items. During last year, Maersk made six acquisitions, three of which were in e-commerce sector.

“We continue to keep our eyes open for M&A opportunities in the region. We look for acquisitions and strategic alliances that would support our business growth,” he said.

Integrated Logistics Centre

The Maersk Integrated Logistics Centre was inaugurated by Richard Morgan, Regional Managing Director, Maersk West & Central Asia.

The 10,000 square metre warehousing & distribution (W&D) facility at Jabel Ali Free Zone (Jafza) in Dubai will cater to commodities across petrochemical, retail & lifestyle, fast moving consumer goods (FMCG), technology and automotive sectors, amongst others, the company said in a statement. It said the facility will get solar panels on its rooftop to cater to all the entire electricity requirements for operations. The 434 MWh/year clean energy production of this installation will reduce more than 1,700 tonnes of carbon emissions over 10 years, an equivalent decarbonisation feat achieved by planting over 70,000 trees seedlings over ten years.

Maersk’s Integrated Logistics Centre will support existing services provided, including ocean shipping, landside transportation, customs clearance, contract logistics, and e-commerce solutions.

(Reporting by Bhaskar Raj; Editing by Anoop Menon)

Source: Zawya

Perhaps you’ve noticed that a growing number of companies are innovating new products and capturing new markets by focusing on sustainable products and services.

Companies are finding that having a well-structured approached to sustainability is popular with buyers, who are shifting more business to them as a result.

And companies with a clear sustainability focus are attracting, retaining, and engaging the best employees. Or perhaps you are reading this because you are personally convinced that your business should be doing more to protect the planet simply because it’s the right thing to do.

Whatever the reason, if you’d like your business to take steps in becoming more sustainable, this Webinar is a must-watch event.

We will discuss three straightforward actions your business should take this year to achieve better business performance and to prepare itself for a rapidly changing world.