Increased global cooperation on decarbonizing shipping + transport: Several countries supported the adoption of the 1.5°C-aligned goals for the shipping sector to be presented next July at the International Maritime Organization during a meeting of the Major Economies Forum on Energy and Climate (MEF), according to a statement. Australia, Canada, the EU, France, Germany, Japan, Korea, the UK, and the US all supported the goal. A few countries — including Canada, the EU, France, Germany, Indonesia, the UK, the US and Norway — also made a collective zero-emissions vehicles goal to have 50% of light-duty vehicles and at least 30% of medium and heavy-duty vehicles powered by carbon neutral e-fuels by 2030.

Malaysia Aviation Group makes a strong comeback: Malaysia Aviation Group (MAG) reported a 173% y-o-y increase in their net operating income to MYR 556 mn in 2022, making a turnaround from a loss of MYR 767 mn, the company said in a statement. The company’s cargo unit contributed to the success by achieving a 17% higher cargo ton-kilometers (CTK) than the company had planned, while maintaining yield y-o-y.

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