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  • Maersk and CATL Forge Global Strategic Partnership in Supply Chain Electrification and International Logistics

    Maersk and CATL Forge Global Strategic Partnership in Supply Chain Electrification and International Logistics

    Beijing, China – A.P. Moller – Maersk (Maersk), an integrated logistics company, and Contemporary Amperex Technology Co., Limited (CATL), a global leader in new energy innovative technologies, have signed a strategic Memorandum of Understanding (MoU) to jointly advance decarbonisation across global supply chains and further strengthen CATL’s global logistics.

    The signing ceremony, held on 9 October in Hong Kong, was attended by senior executives from both companies. The MoU was signed by Morten Bo Christiansen, Senior Vice President, Global Head of Energy Transition of A. P. Moller – Maersk, and Akin Li, Executive President of Overseas Car Business of CATL, and was witnessed by Robert Maersk Uggla, Chairman of A.P. Moller – Maersk, and Libin Tan, Chief Customer Officer, Co-President of Sales & Marketing of CATL, along with other senior leaders and representatives from both organisations.

    Supporting CATL’s Global Ambitions Through End-to-End Logistics

    The MoU builds on the five-year collaboration between Maersk and CATL, across ocean transportation, intermodal and other logistics solutions. Under this new agreement, Maersk will serve as CATL’s preferred global logistics partner, delivering integrated services including ocean freight, air freight, project logistics, and warehousing.
    The two parties will also explore effective and scalable models to help CATL maintain supply chain resilience in a rapidly evolving global landscape. Tailored solutions will be developed to meet the specific needs of diverse markets. These joint efforts aim to drive operational excellence across CATL’s supply chains and support its international growth ambitions.



    Accelerating the Transition to Lower Greenhouse Gas Logistics

    Maersk and CATL will also collaborate to electrify key nodes across the supply chain by leveraging CATL’s advanced battery technologies. This includes exploring the electrification of container shipping and the port ecosystem, inland transportation and warehousing. These initiatives will be supported by electric system design, energy management, and end-of-life battery recycling solutions. Under this agreement, CATL will be regarded as a preferred battery technology partner to support Maersk’s decarbonisation roadmap.

    Maersk has an ambitious target of achieving net-zero greenhouse gas emissions across its entire business by 2040. While reducing greenhouse gas emissions is a shared goal among many companies, this partnership will contribute to the transition by co-developing scalable electrification solutions that support a lower emissions future for the logistics industry.


    The collaboration between Maersk and CATL has continued to expand and evolve. We’re pleased to enter this new phase of partnership, combining CATL’s cutting-edge battery technologies with our integrated logistics capabilities to redefine what’s possible in logistics. This partnership presents a powerful opportunity to accelerate the decarbonisation of global logistics – not only for Maersk, but also for our customers and the broader industry.

    Morten Bo Christiansen

    Senior Vice President, Global Head of Energy Transition, A. P. Moller Maersk


    CATL is committed to becoming a zero-carbon technology company, focusing on three strategic business areas including transportation electrification, industrial decarbonisation, and zero-carbon grid. CATL plans to achieve carbon neutrality in its core operations by 2025 and across the battery supply chain by 2035.


    As a global giant of integrated logistics, A.P. Moller – Maersk, just like CATL, is committed to promoting energy transition and achieving a net-zero emissions future. At this new stage of development, both parties aim to deepen collaboration in shipping, end-to-end supply chain, digitalisation, and new energy applications, working together to accelerate decarbonisation in the global logistics industry.

    Libin Tan

    Chief Customer Officer, Co-President of Sales & Marketing of CATL


    Leveraging Maersk’s global logistics network and CATL’s industry-leading energy technologies, the two companies aim to jointly develop scalable electrification solutions, setting a new benchmark for decarbonising logistics and accelerating the industry’s energy transition.

    About CATL

    Contemporary Amperex Technology Co., Limited (CATL) is a global leader in new energy technology innovation, committed to providing premier solutions and services for new energy applications worldwide.

    In June 2018, the company went public on the Shenzhen Stock Exchange with stock code 300750 and is also listed on the Hong Kong Stock Exchange with stock code 03750 in May 2025. In 2024, CATL’s EV battery consumption volume has ranked No.1 in the world for eight consecutive years, and it has ranked first in the market share of global energy storage battery shipments for four straight years. CATL also enjoys wide recognition by global EV and energy storage partners.

    Committed to making an outstanding contribution to the energy transition of mankind, CATL in 2023 announced its strategic goals of achieving carbon neutrality in core operations by 2025 and across the battery supply chain by 2035.

    About Maersk

    A.P. Moller – Maersk is an integrated logistics company  working to connect and simplify its customers’ supply chains. As a global leader in logistics services, the company operates in more than 130 countries and employs around 100,000 people. Maersk is aiming to reach net zero GHG emissions by 2040 across the entire business with new technologies, new vessels, and reduced GHG emissions fuels*.

    *Maersk defines “reduced GHG emissions fuels” as fuels with at least 65% reductions in GHG emissions on a lifecycle basis compared to fossil of 94 g CO2e/MJ.


    For further information, please contact:

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  • ‘The Last Frontier’ review: Arctic setting is part of show’s allure

    ‘The Last Frontier’ review: Arctic setting is part of show’s allure

    In “The Last Frontier,” which premieres Friday on Apple TV+, a plane carrying federal prisoners goes down in the Alaskan wilderness outside a town where Frank Remnick (Jason Clarke) is the U.S. Marshal. Eighteen passengers survive, among…

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  • Apple to Move Health, Fitness Divisions to Services in Reorganization

    Apple to Move Health, Fitness Divisions to Services in Reorganization

    Apple Inc. is preparing to expand the roles of some top executives in response to the pending departure of longtime Chief Operating Officer Jeff Williams, according to people familiar with the matter.

    Services chief Eddy Cue will gain supervision…

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  • Performative male contest leaves spectators Charm-ed, matcha, Labubus in hand

    Performative male contest leaves spectators Charm-ed, matcha, Labubus in hand

    Tote bags, matcha lattes and Labubus took over the lawn beside Janss Steps at a performative male competition Tuesday.

    The competition, hosted by the Shenanigans Comedy Club at UCLA, invited the UCLA community to compete by dressing up and…

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  • Latest Oil Market News and Analysis for Oct. 10

    Latest Oil Market News and Analysis for Oct. 10

    Oil held the biggest decline in a week on cautious optimism about easing tensions in the Middle East and the outlook for supply.

    Brent traded near $65 a barrel after closing 1.6% lower on Thursday, while West Texas Intermediate was below $62. Israel approved a framework that would see Hamas release hostages in exchange for prisoners, a major step forward for a peace agreement to end the bloody conflict in Gaza.

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  • Mexico’s robust power targets hinge on private sector, but clarity is key: execs – S&P Global

    Mexico’s robust power targets hinge on private sector, but clarity is key: execs – S&P Global

    1. Mexico’s robust power targets hinge on private sector, but clarity is key: execs  S&P Global
    2. Lower fuel prices in 2024 resulted in the lowest U.S.-Mexico energy trade value since 2020  U.S. Energy Information Administration (EIA) (.gov)
    3. Mexico’s Energy Paradox: Abundance, but Dependence  Mexico Business News
    4. Ready for ​Renaissance:​ 11 Things to Know​ about Mexico’s Energy Transition​  BloombergNEF
    5. The Overlooked Thermal Energy Transition in Mexico  Mexico Business News

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  • Cancer alert: Lesser-known breast cancer surging in US; what is it and the red flags to watch for

    Cancer alert: Lesser-known breast cancer surging in US; what is it and the red flags to watch for

    Breast cancer, one of the most aggressive kinds of cancer, remains the most commonly diagnosed cancer among women globally. Not to say that men are safe from this kind of cancer, but in 2022 alone, around 2.3 million women were diagnosed with…

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  • Team ’25 Europe – The Browser Company wants to create a Web operating system. Where have I heard that before?

    Team ’25 Europe – The Browser Company wants to create a Web operating system. Where have I heard that before?

    (© Tom Wang – Adobe Stock)

    Back in the days when people used to install software by inserting floppy disks into the slots on desktop computers, a few visionaries dreamt of being able to run software directly on the Internet and use it in…

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  • FX reserves up $20m despite debt payments

    FX reserves up $20m despite debt payments


    KARACHI:

    Pakistan’s foreign exchange reserves recorded a marginal increase during the week ended October 3, 2025, despite substantial external debt repayments.

    According to data released by the State Bank of Pakistan (SBP), the central bank’s reserves rose by $20 million to $14.42 billion. During the same period, the SBP made external debt payments, including the repayment of a $500 million Pakistan Sovereign Eurobond.

    The country’s total liquid foreign reserves stood at $19.81 billion, comprising $14.42 billion held by the SBP and $5.39 billion held by commercial banks.

    Meanwhile, the Pakistani rupee recorded a slight appreciation against the US dollar on Thursday, rising by Rs0.01 in the inter-bank market. By the end of the trading session, the rupee stood at 281.20 against the greenback, compared to 281.21 a day earlier.

    Moreover, gold prices in Pakistan remained unchanged at Rs425,178 per tola, despite a sharp fall in the international market where bullion lost over 1% and slipped below the $4,000 per ounce mark. The global decline followed a stronger US dollar and profit-taking by investors after the announcement of a ceasefire deal between Israel and Hamas.

    According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of gold also stayed stable at Rs364,521. A day earlier, gold had surged by Rs8,400 per tola, reaching a record high of Rs425,178 amid a rally in global markets that pushed bullion past the $4,000 milestone for the first time.

    Adnan Agar, market analyst and Director at Interactive Commodities, noted while gold prices hit historic highs, some correction was expected due to overbought conditions and global market pressure. He added that silver, which also reached an all-time high earlier this week, has started showing signs of consolidation as investors turn cautious after the extraordinary rally.

    Silver, spurred by momentum in the gold market, strong investment demand and a persistent supply deficit, rose above $50 per ounce for the first time, according to Reuters.

    Spot gold fell 1.1% to $3,993.41 per ounce by 12:38 pm ET (1638 GMT). US gold futures for December delivery fell 1.6% to $4,006.40.

    The US dollar index was up 0.5% and hovered near a two-month high, making dollar-priced bullion more expensive for overseas buyers.

    “Speculators are taking some gold chips off the table as the Gaza ceasefire takes effect since it reduces the temperature in a historically volatile region,” said Tai Wong, an independent metals trader.

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  • IARC@60 Conference – Cancer Research into Action – IARC

    10 Octobre 2025

    The International Agency for Research on Cancer (IARC) will celebrate its 60th anniversary with the IARC@60 Conference: “Cancer Research into Action”, which will take place in Lyon,…

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