SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel on Thursday, signaling a major ramp-up in the industry’s decarbonization efforts for global trade.
Sustainable Fleet
The newly named A.P. Møller is a 350-meter-long ship capable of running on green methanol, significantly reducing fossil fuel dependency.
Emission Targets
Green methanol saves up to 280 tons of CO2 per day, helping Maersk reach its goal of net-zero emissions by 2040.
A Tipping Point for Shipping
Speaking to CNBC’s “Squawk Box Asia,” Maersk’s Asia-Pacific president, Ditlev Blicher, said the vessels represent the latest technology ready to decarbonize shipping. “[This technology] allows the industry to shift from black fuels significantly reducing the carbon outlets of normal shipping,” he said.
"Replacing just 12 vessels with large dual-fuel ships like the A.P. Møller could save 1.5 million metric tons of CO2 — double the annual emissions of Copenhagen."
Sustainability Impact Report
Market Trends & Expansion
About 170 dual-fuel methanol vessels are now on order industry-wide, according to Blicher. While green methanol presents higher production costs, regulations are increasingly disincentivizing traditional "black" fuels to make green alternatives economically viable.
In October, Maersk raised its full-year forecasts reporting strong demand and revenue of $15.8 billion, despite global trade disruptions. The company continues to lead the maritime industry toward a more sustainable and transparent future.