Maersk Unveils World’s First Methanol-Powered Vessel

Shipping giant Maersk has introduced a groundbreaking solution to combat the heavy pollution caused by the shipping industry.

Green Methanol: A Cleaner Fuel Option

Maersk, the world’s second-largest shipping company, has revealed the first-ever container ship powered by green methanol. This alternative fuel significantly reduces carbon dioxide emissions compared to traditional vessels.

Vincent Clerc, CEO of Maersk, explained that the ship was ordered in 2021 and is the first of its kind. He added that the technology and energy transition behind it have already attracted orders for 125 similar ships from different companies.

Paving the Way for a Carbon-Neutral Future

Maersk aims to achieve carbon neutrality by 2040, and the use of methanol-powered vessels will play a crucial role in this endeavor.

However, the production of green methanol is both expensive and limited, raising concerns about the shipping industry’s ability to secure a sufficient supply to meet their carbon reduction targets.

Ulrik Bak, equity research analyst at SEB, expressed doubts about the rapid ramp-up of green methanol production, stating that industry insiders and market participants have indicated slow progress in this area.

Conclusion

Is the adoption of green methanol as a fuel source the solution to addressing the substantial pollution caused by the shipping industry? To find out, we explore the developments in Copenhagen.