S&P Futures
6,006.75 +0.25 (+0.00%) Dow Futures
44,832.00 +6.00 (+0.01%) Nasdaq Futures
20,899.25 +19.00 (+0.09%) Russell 2000 Futures
2,442.60 -8.40 (-0.34%) Crude Oil
69.20 +0.26 (+0.38%) Gold
2,622.90 +4.40 (+0.17%)
A.P. Møller - Mærsk A/S (MAERSK-B.CO)
- Reuters
Container shippers hedging green transition with dual-fuel vessel orders
Container shipping companies like Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years meant to help their industry slash greenhouse gas (GHG) emissions to meet rising demand from customers and regulators around the globe. Their order books, however, reflect uncertainty over which of a wide array of so-called green fuels will become the standard in the decades to come, and whether supplies will be cheap and abundant enough to keep their fleets in motion. Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases, but accomplishing it will be difficult and costly, requiring billions of dollars in investments in new vessels and fuel production.
- Ship Technology
Maersk Halifax undergoes dual-fuel methanol engine conversion
MAN Energy Solutions led the engine conversion, replacing parts for methanol operation.
