Shipping giant Maersk unveils world's first vessel using green methanol
Publishing timestamp: 2023-09-14 10:08:15
Summary
Maersk, a shipping giant, has presented its first container vessel powered by green methanol, marking a significant moment for the industry. The new ship emits 100 tons of carbon dioxide less per day compared to diesel-based ships. Maersk CEO Vincent Clerc sees this as a symbolic day for the energy transition and believes it is the first step for both Maersk and the industry as a whole. Shipping accounts for around 3% of global carbon emissions, and decarbonizing the sector has been challenging due to the global nature of the industry and the competitive market. Maersk supports the implementation of a shipping tax to incentivize companies to transition to green fuels. However, analysts are concerned about the availability and cost of green methanol. Maersk has signed agreements with suppliers to push for increased production of green methanol.
Sentiment: POSITIVE
Tickers: DP4B-DE, MAERSK.B-DK,
Keywords: pollution, shipping, ap moeller - maersk a/s, europe news, denmark, economy, business news, environment, politics, copenhagen,