Global Maritime Hub
No Result
View All Result
  • Login
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
SUBSCRIBE
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login
Global Maritime Hub
No Result
View All Result
Home Bunker Fuel

Zero emissions shipping: Maersk accelerates

Editor by Editor
2 years ago
min read2 min
zero emissions shipping
Share on FacebookShare on TwitterShare on Linkedin

Maersk has accelerated its decarbonization drive by announcing it will operate the world’s first carbon neutral liner by 2023, 7 years ahead of schedule (Really great news for a hard to abate sector!).

RELATED POSTS

Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 05, 2023.

6 days ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

2 weeks ago
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 03, 2023.

3 weeks ago

Maersk is also making a commitment for future newbuilds!

From a press release: “All future Maersk owned new buildings will have dual fuel technology installed, enabling either carbon neutral operations or operation on standard very low sulphur fuel oil (VLSFO).”

Most vessels on the high seas currently operate on VLSFO, the carbon intensive byproduct of the industry’s IMO 2020 transition to low sulfur fuels.

At Clipper Data, we found VLSFO made up 68% of global marine fuel demand in 2020 (up from 12% in 2019)

Running a containership on alternative, carbon conscious marine fuels by 2023 is AMBITIOUS.

There are no shortage of hurdles for an industry-wide transition to eco-conscious marine fuels (cost, supply and supply infrastructure, green production, safety, spec issues, etc)

This is why Maersk left itself some wiggle room here. “Dual fuel technology installed” is important. The ability to consume low carbon fuels does not mean a vessel WILL consume low carbon fuels, especially if those fuels are not cost competitive (which most currently are).

From Maersk: “While the vessel will be able to operate on VLSFO, the plan is to operate the vessel on carbon neutral e-methanol or sustainable bio-methanol from day one.”

This pledge is great! But this is only one newbuild (to say nothing of the vessels currently in service)

Amid high eco-fuel costs+nascent supply infrastructure, a dual-fuel vessel will provide short-term flexibility to Maersk’s long-term goals:

Maersk wants to be net zero by 2050, and achieve a 60% relative CO2 reduction by 2030

Both are more ambitious than IMO standards

Even if the 2023 dual-fuel Maersk liner consumes VLSFO when launched, the flexibility to transition to low-carbon marine fuels in the future is key. Assuming a 20-30yr vessel lifespan, this will allow eco-fuel consumption as the new fuels reach scale/get cheaper

With this announcement, Maersk is in the vanguard of CO2 abatement on the high seas. This announcement should encourage other shipping companies to take concrete steps towards decarbonisation

Global shipping makes up approx 3% of global CO2 emissions, but the industry is without a consensus on what eco-fuel will dominate shipping in the years ahead

Follow for updates on global shipping decarbonisation!

Source: Josh Lowell

Follow Josh on Twitter:

Tweets by "JoshLowell"
Tags: Clipper dataMaerskVLSFOzero emissions shipping
Editor

Editor

Related Posts

Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 05, 2023.

6 days ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 04, 2023

2 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 03, 2023.

3 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 02, 2023

4 weeks ago
Bunker-Weekly-Outlook
Bunker Fuel

MABUX: Bunker Weekly Outlook, Week 01, 2023

1 month ago
Bunker-Weekly-Outlook
Bunker Fuel

Weekly bunker indices outlook – Week 51

2 months ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Trending Posts

Implications of the end of 2M Alliance

Implications of the end of 2M Alliance

February 2, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 05, 2023.

February 2, 2023
Asia-Europe-sailings

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

January 19, 2023

Recent Post

Carriers-shift-tonnage

Carriers shift tonnage to Middle East and India related loops

February 2, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 05, 2023.

February 2, 2023
Implications of the end of 2M Alliance

Implications of the end of 2M Alliance

February 2, 2023
Bunker-Weekly-Outlook

MABUX: Bunker Weekly Outlook, Week 04, 2023

January 26, 2023
Containership-demolition-sales

Containership demolition sales fall to 17-year low in 2022

January 26, 2023
Asia-Europe-sailings

Asia-Europe: 27% of sailings axed in first seven weeks of 2023

January 19, 2023

Online platform for sharing information & analysis on trade, shipping, ports and the maritime business more info

Categories

  • Shipping Economic Trends & Regions
  • Ports & Terminals
  • Piracy & Security
  • Emissions, Fuel Technology & Environment
  • Economic Impact
  • Financing
  • Ship Building
  • Hinterland & Intermodal
  • Offshore Vessels
  • Port Environmental Impact
  • Shipping Workforce

Recent Posts

Carriers shift tonnage to Middle East and India related loops

MABUX: Bunker Weekly Outlook, Week 05, 2023.

Implications of the end of 2M Alliance

Weekly Updates

Sign up to receive our weekly newsletter (each Thursday) with new shipping industry market reports, presentations & analysis.

By signing up, I agree to our TOS and Privacy Policy.

© 2020 GlobalMaritimeHub | All Rights Reserved

No Result
View All Result
  • Premium Content
    • All
    • Economic Impact
    • Emissions, Fuel Technology & Environment
    • Financing
    • Hinterland & Intermodal
    • Offshore Vessels Market
    • Piracy & Security
    • Port Environmental Impact
    • Ports & Terminals
    • Ship Building
    • Shipping Economic Trends & Regions
    • Shipping Workforce Issues
  • Blog
  • Events
  • Industry Links
    • Broker
    • Certification
    • Consultant
    • Industry Association
    • Institute & Think Tank
    • Legal Experts
    • Official Institution / Body
    • Port & Port Authority
    • Recruitment Specialist
    • Research & Market Data
    • Shipping Company
    • Industry Blog
    • Trade Media
    • Training & Education
  • Newsletter
  • Videos
  • Other Hubs
    • GLOBAL LNG HUB
    • EUROPEAN GAS HUB
    • THE COAL HUB
  • Subscribe
  • My account
  • Login

© 2020 GlobalMaritimeHub | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT

Brighten Up Your Thursday!

SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!