Media OutReach
DHL Express and Cathay Group sign new sustainable aviation fuel (SAF) deal to drive production and uptake in Asia
- DHL Express purchases 2,400 metric tons of SAF from Cathay Group to be used on flights operated by Air Hong Kong, an express all-cargo carrier and wholly owned subsidiary of Cathay.
- The SAF will be used on Air Hong Kong flights departing from Seoul Incheon, Tokyo Narita and Singapore Changi airports.
- The new agreement underscores both parties’ commitment to lower-carbon air logistics and driving the production and use of SAF for the air cargo sector.
HONG KONG SAR/SINGAPORE – Media OutReach Newswire – 13 August 2025 – DHL Express and the Cathay Group have entered into a new sustainable aviation fuel (SAF) partnership that reinforces their shared commitment to reducing greenhouse gas emissions in the air cargo industry. Under the agreement, Cathay will supply DHL Express with 2,400 metric tons of SAF for international flights departing from three airports in Asia namely Seoul Incheon International Airport, Tokyo Narita International Airport, and Singapore Changi Airport. These flights are operated by Air Hong Kong, a wholly owned subsidiary of the Cathay Group, which principally operates express cargo services for DHL Express.
Continuing through 2025, the partnership is expected to reduce lifecycle greenhouse gas emissions by approximately 7,190 metric tons —equivalent to the emissions of over 100 flights from Hong Kong to Singapore with an Airbus 330 freighter.
“Sustainable aviation fuel currently accounts for less than 1% of the total global jet fuel consumption, yet air transport is one of our biggest sources of greenhouse gas emissions. Our decision to expand our SAF usage in Asia with Cathay is another important step that we have taken to drive momentum in SAF production and demand,” said Peter Bardens, Senior Vice President for Network Operations and Aviation – Asia Pacific, DHL Express. “DHL Express is at the forefront of SAF adoption, and we look forward to seeing more partners and customers join us on this journey to build a more robust SAF ecosystem in Asia. Our continued investment in this area aligns with DHL Group’s Strategy 2030, which recognizes ‘green logistics of choice’ as one of the four bottom lines.”
This SAF deal builds on the long-standing partnership between DHL Express and the Cathay Group, including through Air Hong Kong. For more than two decades, Air Hong Kong has played a vital role in DHL Express’s Asia Pacific network. This latest collaboration builds on that strong foundation and paves the way for deeper cooperation in advancing SAF.
“This partnership marks the first SAF uplift on Air Hong Kong flights, a key milestone for Cathay as we continue to expand the SAF usage across our global network. SAF remains a core pillar of our strategy to address our carbon emissions, and collaboration is essential to scaling its use. We are excited to be working with like-minded partners like DHL Express to make SAF more accessible and scalable, particularly in Asia,” said Tom Owen, Director Cargo, Cathay.
This collaboration makes DHL Express the latest strategic partner of Cathay’s Corporate SAF Program, an initiative launched in 2022 to support corporate partners in addressing greenhouse gas emissions from business travel and airfreight through the use of SAF. In 2024, the Corporate SAF Program enabled the use of over 6,000 metric tons of SAF, with a record 16 partners participating, including HSBC, AIA and Standard Chartered.
Cathay has been steadily expanding its SAF efforts across the region. Earlier in 2025, the Group entered into an agreement with Sinopec to uplift SAF produced in the Chinese Mainland at Hong Kong International Airport, marking the first such export by Sinopec to Hong Kong. Additionally, Cathay has partnered with SK Energy to secure SAF supply in South Korea from 2025 to 2027. Apart from working closely with suppliers, the Group also co-initiated the Hong Kong Sustainable Aviation Fuel Coalition (HKSAFC) to collectively drive policy development and adoption of SAF locally. These initiatives reflect Cathay’s mission to expand the use of SAF within its network and foster a regional SAF ecosystem.
Investments in SAF are therefore critical to ensuring its availability on a long-term and predictable basis. DHL Express has also been a frontrunner in scaling SAF uptake globally, securing long-term SAF agreements with multiple partners, including Neste, bp, and World Energy. Earlier this year, DHL Express also partnered with Cosmo Oil Marketing to use SAF produced in Japan for flights departing the country. Most recently, DHL Express completed an agreement with Neste that comprises 7,400 metric tons of SAF for international flights departing from Singapore Changi Airport, further demonstrating the company’s proactive approach to driving SAF demand and supply across the region.
These efforts will also enhance DHL’s understanding of how to transport these alternative fuels, as it is a segment under its Strategy 2030’s key growth sector, “New Energy.” DHL Group is developing end-to-end logistics solutions for eight segments: wind, solar, electric vehicle (EV) and batteries, battery and energy storage systems, EV charging, grid, alternative fuel and hydrogen.
Hashtag: #DHL
The issuer is solely responsible for the content of this announcement.
DHL – The logistics company for the world
DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivalled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With about 400,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as “The logistics company for the world”.
DHL is part of DHL Group. The Group generated revenues of more than 84.2 billion euros in 2024. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.
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About the Cathay Group
Cathay is a leading premium travel lifestyle brand based in Hong Kong, offering products and services across four lines of business – Cathay Pacific, Cathay Cargo, HK Express and Lifestyle. Flights are provided by Cathay Pacific, the home airline of Hong Kong and a founding member of the oneworld global alliance. The Cathay Group also includes cargo division Cathay Cargo, low-cost carrier HK Express and various other subsidiaries. Cathay is a member of the Swire Group and is listed on the Hong Kong Stock Exchange (HKSE). For more information, please visit www.cathay.com.
About Air Hong Kong
Air Hong Kong is an express all-cargo carrier, principally operating express cargo services for DHL Express. The airline offers scheduled and charter services to 17 destinations in Asia, the Middle East, Europe and Australia. Air Hong Kong was established in 1986 as Hong Kong’s first all-cargo airline. Today, the carrier operates an all-Airbus A330F freighter fleet comprising 4 A330-200F and 10 A330-300P2F aircraft. Air Hong Kong is a wholly owned subsidiary of Cathay Pacific Airways Limited. www.airhongkong.com.hk
This year’s forum is an important supporting event of the 18th Cross-Strait Forum. During the event, nine Fujian-Taiwan financial integration projects were signed, with a total value of RMB 9.1 billion. The projects cover a wide range of financial services across areas including cross-strait industrial cooperation, water supply security for public welfare, capacity upgrades for long-established Taiwan-funded enterprises, technology and innovation industries, and modern agriculture. These initiatives continue to unlock the benefits of financial policies, promote shared access to financial resources for Taiwan compatriots and Taiwan-funded enterprises, and inject new momentum into industrial integration between Fujian and Taiwan.
At the forum, the Cross-Strait Wealth and Asset Management Cross-Sector Alliance was officially inaugurated. Supported by Jinyuan Group and jointly proposed by its affiliated financial institutions, the alliance was co-founded by Xiamen International Trust, Jinyuan Uni-President Securities, Yuanxin Yongfeng Fund, Fubon Bank (China), Junlong Life Insurance, and Xiamen Chang Gung Hospital, among others. Centered on serving the wealth management and asset management needs of people on both sides of the Taiwan Strait, the alliance aims to build a one-stop service platform covering asset allocation for Taiwan compatriots and Taiwan-funded enterprises on the mainland, family trusts and wealth succession planning, pension finance, and healthcare protection solutions.
The forum also unveiled a series of innovative financial achievements related to Taiwan. The banking industry’s first group standard dedicated to Taiwan-related financial services on the mainland, the “Specification for Taiwan-Related Financial Services of Banking Financial Institutions,” was officially released. At the same time, the “Bailufen” Taiwan Compatriot Financial Service Platform was introduced, further enhancing financial services for Taiwan compatriots living in Fujian and supporting the development of Taiwan-funded enterprises.
Hashtag: #StraitsFinancialForum
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Media OutReach
Verdant Rock Receives BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings
“The infrastructure and capital markets we are targeting have been systematically underserved over the past decade. Verdant Rock enters this space with an investment grade rating, a strong capital position, the regulatory standing, the technical capability, and the long-term commitment that issuers and their advisers have been unable to find elsewhere.”
— Tolga Uzuner, Co-Founder, Chief Executive Officer, Verdant Rock Limited
The Fitch Ratings report can be accessed here:
Fitch Rates Verdant Rock at ‘BBB+’; Outlook Stable
Verdant Rock’s Class 3B registration can be verified via the BMA’s register of regulated entities (search “Verdant Rock”): https://www.bma.bm/regulated-entities
Notes to editors: For the May 2026 licensing announcement, see https://bernews.com/2026/05/walkers-supports-verdant-rock-licensing/
This announcement is (i) for information only; (ii) not an offer or solicitation to buy or sell any security, insurance product, or financial guarantee; and (iii) not for distribution in any jurisdiction where to do so would be unlawful. Forward-looking statements are not guarantees of future results, and Verdant Rock undertakes no obligation to update them. A credit rating is not a recommendation to buy, sell or hold any security and may be subject to revision, suspension or withdrawal at any time by the assigning rating agency.
Hashtag: #VerdantRock
The issuer is solely responsible for the content of this announcement.
ABOUT VERDANT ROCK
Verdant Rock Limited is a Bermuda-based insurance company, regulated by the Bermuda Monetary Authority, providing Basel III and Solvency II compliant financial guarantees in emerging markets, designed to qualify as eligible credit protection under Basel and major insurance solvency regimes, for the benefit of institutions globally.
Online viewers praised the translation quality, with comments including “The quality of this real-time translation is amazing,” “The translation is incredibly fast,” and “The live speech recognition quality is surprisingly good.” Some viewers assumed the subtitles came from NVIDIA’s official translation team.
The achievement demonstrates how Taiwan’s media industry is adapting to AI-driven transformation. TVBS is positioning itself as a leader in integrating proprietary AI development with real-world broadcast applications. The company completed optimization and deployment of the system in just nine days — a process that traditionally requires months of dedicated training, according to Andy Yang, manager of TVBS AI Future Technology Department.
Yang explained that the biggest challenge in real-time translation lies in balancing “content accuracy” with “reading fluency” under extremely tight time constraints. Huang’s speaking style is highly improvisational and frequently switches between English, Mandarin and Taiwanese, while audience applause and cheering often occur simultaneously.
Applying standard off-the-shelf translation software in such an environment would likely result in sentence segmentation errors and unclear semantic interpretation, Yang said. Rather than pursuing “zero-latency” translation at all costs, TVBS designed a subtitle presentation mechanism specifically tailored to the keynote format.
Prior to the event, the TVBS team conducted extensive cross-platform testing on multiple AI translation models, evaluating latency and error rates. By introducing a carefully calibrated broadcast delay, the system gained additional time to process semantic meaning and contextual alignment. This approach enabled smoother subtitles matching natural Chinese reading habits, Yang said.
The team also built a dedicated knowledge base for NVIDIA GTC Taipei, compiling AI industry terminology, product names and technical keywords in advance. This significantly improved translation quality and the accuracy of professional content delivery. TVBS’s real-time translation system can be customized based on different broadcasting scenarios, Yang noted.
Yang emphasized that the key to the rapid nine-day deployment was cross-department collaboration. Engineering teams handled hardware tuning and signal integration, while internal technical and content teams managed ongoing model training and refinement. TVBS established a collaborative workflow integrating both technology and editorial expertise.
Through continuous iteration and adjustment, the team incorporated Taiwanese linguistic nuances and natural Chinese phrasing into the system. This enhanced fluency and readability beyond what generic AI models alone could achieve, ultimately shaping what Yang called a distinct “TVBS AI style.” The approach reflects the company’s “3T” philosophy — Truth, Trust and Technology.
In his keynote at the Taipei Music Center, Huang focused on AI infrastructure, next-generation computing platforms and NVIDIA’s latest technological roadmap. GTC Taipei 2026 attracted significant international attention as AI continues to reshape global industries. Through its own transformation journey, TVBS hopes to help lead Taiwan’s media industry into a new era shaped by AI.
Hashtag: #TVBS
The issuer is solely responsible for the content of this announcement.
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