Container shipping companies A.P. Moller-Maersk and CMA CGM have announced a partnership to expedite the energy transition in the shipping industry. The Danish and French firms have committed to achieving net-zero emissions goals within their shipping businesses and are already implementing decarbonization plans.
Maersk has placed orders for vessels that can operate on bio/e-methanol, while CMA CGM has been procuring LNG-propelled vessels that can also run on bio/e-methane. The companies recognize the potential of these two fuels but also expect the future fuel mix of shipping to feature other alternatives that require further development.
Under the new collaboration, Maersk and CMA CGM will work together to develop greener fuels for propelling container vessels. This includes establishing standards for alternative fuels, facilitating mass production of green methane and green methanol, defining operating standards for green methanol vessels, advancing port readiness, and conducting research into alternative fuels like ammonia.
Furthermore, the shipping lines are open to collaborating with regulatory stakeholders to establish an international framework for greenhouse gas regulations. They also invite other global shipping companies to join their efforts.
This partnership between A.P. Moller-Maersk and CMA CGM highlights their commitment to reducing the environmental impact of the shipping industry. By exploring and investing in alternative greener fuels, they aim to contribute to a more sustainable future for maritime transportation.
Source: Wall Street Journal