DHL reported a 18.4% decrease in net income to EUR 743 mn in 1Q 2024, while revenues generated for the same period were EUR 20.3 bn, according to a statement (pdf). Although a broad and dynamic economic upturn did not materialize in 1Q 2024, DHL anticipates more positive global economic momentum in 2Q 2024, with an anticipated forecast of EUR 6 bn to 6.6 bn in EBIT, according to a press release. “The demand for omnishoring and e-commerce solutions remains high and our customers are becoming increasingly aware of sustainable logistics,” CEO DHL Group Tobias Meyer said in the statement. “With our portfolio, we are ideally positioned to benefit from an upturn in global trade. Despite all the challenges, 2024 is a year of opportunities.”

Hapag-Lloyd + Ikea partner on clean shipping: Shipping giant Hapag-Lloyd and mutli-national furniture conglomerate Ikea’s Supply Chain Operations are partnering to decarbonize container shipments from Asia, according to a statement. The partnership will utilize Hapag-Lloyd’s highest waste-and residue-based biofuels product option, dubbed Ship Green 100, instead of conventional fuel oil. The pair seek to reduce carbon dioxide emissions for Ikea shipments by around 100k tonnes. The move aligns with Ikea’s target to cut GHG emissions from their product transportation by 70% by 2030.

Ocean Network Express (ONE) aims to slash CO2 per ton-mile by 70% by 2030 compared to 2008 levels, Global CEO Jeremy Nixon told CNBC (watch, runtime 3:51). ONE is transitioning to green fuels starting 2027 to reduce its carbon footprint and is looking to reach net zero by 2050. This shift involves investing in new ship systems, designs, and engines. New vessels will use green methanol or biogas and are poised to use green ammonia in the long term, Nixon added.

Amazon Web Services (AWS) is set to invest some USD 9 bn in Singapore over the next five years to boost its cloud computing capabilities, CNBC reports. The investment is set to bolster cloud infrastructure and services in the Asia-Pacific region, the outlet says, citing senior minister of state at Singapore’s Communications and Information Ministry Tan Kiat How. “Starting with our investment in Singapore in 2010, AWS has continued to strengthen their commitment to the ASEAN region, sharing the uplift [in] digital skills across the nations, providing secure and resilient infrastructure consistently across the region,” Country Manager of AWS Singapore Priscilla Chong said.

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