Danish shipping giant A.P. Moller – Maersk has signed three separate cooperation framework agreements with China Classification Society (CCS) to speed up its decarbonization efforts. As informed, the agreements mainly focus on scientific and technological innovation projects, life-cycle green fuel availability and infrastructure, … Read More
Maersk
Maersk CEO demands end date for fossil fuel use in shipping
Søren Skou, CEO of the world’s biggest container shipping company Maersk, has called on the UN maritime body to determine the end date for the use of fossil fuels in the shipping industry. Premium content Checking for account. You need … Read More
Maersk invests in US startup to secure green bio-methanol production
Danish shipping major A.P. Moller – Maersk has decided to invest in California-based WasteFuel, a start-up focused on turning waste into sustainable aviation fuel, green bio-methanol, and renewable natural gas. This investment is made through Maersk Growth, the corporate venture arm of … Read More
Maersk CEO: Business is ahead of govts on decarbonization agenda
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead … Read More
Industry heavyweights call for net-zero shipping by 2050
The shipping industry must reach zero emissions by 2050, and to get there zero-emission ships must become the dominant and competitive choice by 2030, an op-ed signed by big industry names insists. This means that the International Maritime Organization (IMO) … Read More
Carbon pricing: Have we reached the tipping point?
The discussion on carbon pricing in the maritime industry is heating up, as industry stakeholders urge for a market-based measure to finally incentivize the sector’s decarbonization journey. In a nutshell, carbon pricing would impose a cost on emitting greenhouse gases … Read More
New project to look into converting existing ships to zero-carbon fuels
A.P. Moller – Maersk, ABS, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Line, Seaspan Corporation and Total are joining forces through the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping to assess the technical, financial and environmental potential of converting … Read More
Maersk reports record profit amid high freight rates
Danish shipping and logistics giant A.P. Moller – Maersk delivered an exceptionally strong performance in Q1 2021 with a record profit for the quarter. Overall in Q1, EBITDA increased to $4 billion from $1.5 billion year on year and EBIT … Read More
Maersk, partners set sights on ammonia bunkering at Port of Singapore
Maritime industry leaders have embarked upon a feasibility study aimed at establishing a comprehensive supply chain for the provision of green ammonia ship-to-ship bunkering at the Port of Singapore. The companies taking part in the project include A.P. Moller – … Read More
Maersk: We need to act faster to break this chicken and egg limbo
Image credit: World Economic Forum The transition towards zero-carbon fuels in the shipping industry needs to be accelerated, putting a greater focus on the viable solutions already on the market and skipping transitional solutions. These were the messages of A.P. … Read More