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
Maersk
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
Maersk to operate world’s 1st carbon-neutral feeder by 2023
Illustration; Image credit Maersk Container shipping heavyweight Maersk plans to launch the world’s first carbon-neutral liner vessel in 2023, seven years ahead of the initial 2030-ambition, Maersk said. The vessel will be a methanol feeder with a capacity of around 2,000 … Read More
New CEO to lead next phase of Hamburg Süd’s integration
German container shipping company Hamburg Süd, part of Maersk Line, has appointed new chief executive officer (CEO) to lead the next step of the carrier’s integration. As informed, long-serving Hamburg Süd executive Poul Hestbaek, who is currently the company’s chief … Read More
Maersk CEO: We expect to order first ships running on new fuels in three years
Maersk expects to resolve safety and all other issues faced by ammonia and fuel types based on alcohols in two to three years, clearing the way to order the first ships to run on these fuels in the next three … Read More