Pratik Bijlani –
A.P. Moller-Maersk A/S, a leading worldwide shipping corporation, has announced a strategic shift in its fleet renewal program, emphasising dual-fuel vessels that can operate on liquefied natural gas (LNG), bio-LNG, and conventional fuels. The company is in the midst of acquiring 50-60 vessels totalling 800,000 twenty-foot equivalent units (TEU). This fleet renewal is part of Maersk’s overall plan to maintain its competitive advantage while meeting its decarbonisation targets.
While Maersk’s primary objective is not to employ LNG, the business appreciates the flexibility it provides as an interim fuel solution. These vessels will also be outfitted to run on greener fuels like bio-LNG and methanol, demonstrating Maersk’s commitment to lowering greenhouse gas emissions. Upon delivery, about 25% of the Maersk fleet will have dual-fuel engines, representing a significant step towards the company’s 2040 net-zero emissions ambition.
Maersk has been diligent in establishing offtake agreements for liquified biomethane, guaranteeing that the new boats contribute to the company’s goal of considerably reducing emissions by 2030. The launch of these vessels, particularly those fuelled by green methanol, demonstrates Maersk’s objective of leading the maritime sector in adopting sustainable fuel technologies.
The third of these enormous dual-fuel tankers is scheduled to arrive in Aarhus, Denmark, on August 8, 2024, marking the next stage of Maersk’s ambitious fleet renewal program. By equipping all newbuild vessels with dual-fuel engines, Maersk is positioning itself to respond to future legislation and fuel availability, ensuring that it satisfies both operational and environmental goals.
Marex Media