16.2 C
Hamburg
Tuesday, September 28, 2021
Home News Cargotec and SSAB collaborate to develop fossil-free steel for cargo handling industry

Cargotec and SSAB collaborate to develop fossil-free steel for cargo handling industry

Cargotec and the steel company SSAB will partner on the introduction of fossil-free steel to the cargo handling industry.

"Close collaboration with the development of a fossil-free value chain means we contribute to strengthening our customers' competitiveness and to reducing their carbon footprint," stated Martin Lindqvist, President and CEO of SSAB.

CEO of the cargo handling equipment company Cargotec, Mika Vehviläinen also said that this is an important step towards the company's vision of becoming a leader in sustainable cargo flow.

Fossil-free steel has significantly a lower environmental impact than carbon dioxide and, therefore, contributes towards a more sustainable value chain.

It has been estimated that steel demand will increase in the future and hence, meeting this demand requires development and usage of fossil-free steel alternatives, noted Cargotec in its announcement.

Latest Posts

Cosco Shipping Lines upgrades its reefer fleet

Cosco Shipping Lines has enhanced its refrigerated cargo fleet with active controlled-atmosphere (CA) systems, named EverFresh, which are provided by Carrier Transicold. The high-performing systems...

Red Sea Gateway Terminal eyes Bangladesh’s terminal operation

Saudi Arabian Red Sea Gateway Terminal (RSGT) has shown its interest to invest in Bangladesh’s under construction Patenga Container Terminal which is expected to...

THE Alliance leads the blank sailings race

Over the next 4 weeks, The Alliance has announced 20 cancellations, followed by 2M and Ocean Alliance with 14 and 6 cancellations, respectively, according...

MSC adds Oakland port call in its Sentosa service

The Swiss liner operator MSC will enhance its Sentosa service by adding a new weekly port call at the Port of Oakland in the...

Indian government announces measures to tackle container shortage

Huge relief comes in for Indian exporters as the Indian government has extended the deadline by three months for the re-export of imported vessels...