CMA CGM said yesterday it had created a “$1.5 billion Special Fund for Energies to accelerate the energy transition in shipping and logistics”.

It’s “a five-year, $1.5 billion budget” that would help it achieve net-zero carbon by 2050.

The fund’s goal is to invest in “the industrial production of new fuels, as well as low-emission mobility solutions across the group’s business base (maritime, overland and air freight shipping; port and logistics services; offices).”

It will be managed, “starting in October 2022, by a dedicated team bringing together some of the group’s most talented engineers, energy experts, financial analysts and project managers.”

More details about the fund can be found here.

On Friday, the French carrier also released its H1 22 headline numbers, which can be found here.

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