Nike and CMA CGM launch electric barge partnership in Vietnam
2 reports, 1 independent
Updated Thu 00:00
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What happened
CMA CGM launched its first fully electric barge globally in Vietnam on October 29. Nike committed to filling 90% of the vessel’s capacity for eight years. The barge connects Nike’s inland cargo drop-off location with the Gemalink deep-sea terminal at the Cai Mep port complex in Ho Chi Minh City.
From businesstimes.com.sg
Why it matters
The project is designed to support a new model for lower-carbon inland freight transport in Southeast Asia. Nike’s commitment provides a strong foundation for the project’s commercial viability, which required an initial investment approximately twice that of a comparable diesel-powered vessel.
From businesstimes.com.sg
Who's involved
- NikeCommitted to filling 90% of the electric barge's capacity for eight years.
- Ho Chi Minh CityServes as the location for the inland cargo drop-off and deep-sea terminal.
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The entities involved
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Nike
American athletic equipment company
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Ho Chi Minh City
largest city in Vietnam