Sustainable shipping
Search documents
Arkas Line to Utilize GenFlat Collapsible Shipping Containers
Businesswire· 2026-02-10 15:00
Group 1: GenFlat Holdings, Inc. - GenFlat Holdings, Inc. has entered a trial agreement with Arkas Line to evaluate its collapsible shipping container technology over a six-month period starting in April 2026 [1] - The GenFlat containers can collapse in 80 seconds and expand in 20 seconds, allowing for significant space savings when stacked [1] - When stacked 4-to-1, GenFlat containers can save customers up to 75% on freight costs, terminal handling fees, carbon emissions, and space required at ports and distribution centers [1] Group 2: Arkas Line - Arkas Line is a leading marine transportation and logistics company based in Turkey, operating across 4 continents and 66 terminals [1] - The company ranks 32nd among the top 100 ship operators based on operated capacity and deploys a fleet of 38 vessels [1] - Arkas Line is committed to sustainability through its "Blue for Green" initiative, focusing on efficient energy use and carbon footprint reduction [1] Group 3: Financial Information - GenFlat announced the closing of a public offering of 2,333,333 shares at a price of $3.00 per share, resulting in approximately $7 million in gross proceeds [2] - The net proceeds from the offering are intended for working capital and general corporate purposes [2]
CMA CGM now owns 400 vessels
BusinessLine· 2026-01-26 00:54
Group 1 - CMA CGM has named its 400th fully owned vessel, the CMA CGM Monte Cristo, which is a new-generation, 15,000 twenty-foot equivalent unit, dual-fuel methanol vessel, reflecting the company's long-term fleet strategy and commitment to sustainable shipping solutions [1] - The ceremony for the vessel's naming highlights CMA CGM's strong presence and long-standing commitment in the Asia-Pacific region [2] Group 2 - Golden Island Pte Ltd has completed Singapore's first methanol bunkering operations, following the Maritime and Port Authority of Singapore's award of methanol bunkering licenses effective January 1, 2026 [5] - The Brave Pioneer, a Singapore-flagged dual-fuel dry bulk carrier, received 300 tonnes of methanol during a bunker delivery, showcasing the collaboration between multiple companies in the methanol supply chain [6][7] Group 3 - The Colombo East Container Terminal of the Sri Lanka Ports Authority has commissioned its third berth, marking a significant operational milestone [10] - The terminal aims for an ambitious throughput objective of 1.5 million TEUs within the year, following the completion of jetty construction works scheduled for mid-February [11] - The advancement of the Sri Lanka Ports Authority and other terminal operators is contributing to economic value through foreign exchange earnings, employment generation, and enhanced trade connectivity [12]