--Milestone Initiative on Ocean Carbon Neutral Sustainability
with Fortune 500 CEOs and ESG Leaders
SINGAPORE, Jan. 24,
2024 /PRNewswire/ -- Dr Guohua Zhang, Chairman and CEO of Caravelle
International Group (Nasdaq: CACO) , the world's leading ocean
carbon neutral technology company, was invited to Davos Summit 2024
in Switzerland to participate in
the Climate Technology and World Sustainability Forum, and had a
discussion with a number of Fortune 500 CEOs and ESG leaders on how
to better embed social and economic value into the global
sustainability framework and jointly advocated that we will work
together to promote and support the balanced development of carbon
neutral projects in the ocean.
Dr.Zhang Guohua met with Mr.
Feike Sijbesma, Philips, Chairman of the Supervisory Board and
World Economic Forum (WEF), Member of the Board of Trustees at
the Davos Forum. The two industry leaders had an in-depth
discussion on the "Wood Drying Ship" project under the concept of
"Ocean Carbon Neutrality", and Dr. Zhang and Mr. Sijbesma
discussed the operation mechanism of the project, the "Wood Drying
Ship" project, and the "Wood Drying Ship" project. Dr. Zhang and
Mr. Sijbesma discussed the operation mechanism, environmental
impacts, legal compliance and scientific feasibility of the "Wood
Drying Vessel" project, and Mr. Sijbesma showed great interests and
attentions in the "Ocean Carbon Neutral" project. Mr. Sijbesma emphasised that he would be looking
at this new wave in the current economic system and promoting
projects that are not only economically beneficial but also
sustainable for the environment. He said that he will take the next
step to have a more in-depth project matching with Dr.Zhang, and
will make multi-party cooperation and resource integration an
important part of the next meeting.
Meanwhile, Copenhagen,
Denmark-based Maersk, one of the world's largest shipping
companies, is committed to investing in and collaborating with
promising companies, and Maersk Growth, an AP-Müller-Maersk
external innovation global partner, whose mission of
democratisation and decarbonisation coincides with the concepts of
the "Wood Drying Ship" project. Mr.Sijbesma
said he would actively promote Maersk's collaboration with Wood
Drying Ship to support the Wood Drying Ship project's business
model and cooperation. The dialogue at the Davos Forum has
undoubtedly injected new vitality into the "Wood Drying Ship"
project.
About Caravelle International Group
Caravelle is a global ocean technology company. Its business
comprises of two sectors: the traditional business in international
shipping, operated by the Topsheen Companies (Topsheen Shipping
Group Corporation (Samoa) and its
subsidiaries) and the new CO-Tech business under Singapore Garden
Technology Pte. Ltd. As the traditional business, Caravelle's
international shipping business has generated all revenues. The
CO-Tech business is a new development building upon the existing
shipping business. It enables wood desiccation during the maritime
shipping process, with full utilization of the shipping time,
space, and the waste heat of exhaust gas from the shipping vessels.
Caravelle's CO-Tech industry has no historical operations and has
not generated revenue. Caravelle is headquartered in Singapore.
Forward Looking Statements
This announcement contains "forward-looking" statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. All statements,
other than statements of historical fact, including, without
limitation, those with respect to the objectives, plans and
strategies of the Company set forth herein and those preceded by or
that include the words "believe," "expect," "anticipate," "future,"
"will," "intend," "plan," "estimate" or similar expressions, are
"forward-looking statements". Such statements include, but are not
limited to risks detailed in the Company's filings with the U.S.
Securities and Exchange Commission, including its Annual Report on
Form 20-F for the fiscal year ended October
31, 2022. These forward-looking statements involve a number
of risks and uncertainties, which could cause the Company's future
results to differ materially from those anticipated. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or anticipated by such
forward-looking statements. All information provided in this press
release is as of the date of the publication, and the Company does
not undertake any obligation to update any forward-looking
statement, except as required under applicable law.
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SOURCE Caravelle International Group