Photo credit: A.P. Moller-Maersk

Danish shipping major A.P. Moller-Maersk teams up with Shanghai International Port Group for a methanol marine fuel project. The two parties have sealed a deal to explore green methanol fuel vessel-to-vessel bunkering operation, after Maersk’s green methanol container vessels being delivered in 2024.

Maersk has set a net-zero emissions target for 2040 across the entire business, and the delivery and operation of its 19 vessels with dual-fuel engines able to operate on green methanol, will accelerate the evolution of climate neutral shipping, as the shipping giant claims today.

The deal will also support the aspiration of Shanghai Port to become one of the world’s first commercial green methanol refuelling points, as well as a regional green methanol fuel bunkering centre.

Maersk said in the first phase SIPG will carry out services of vessel-to-vessel bunkering, and fuel tank storage at port. In the second stage, the parties will explore how to form an all-round energy strategic partnership, to promote the extension from bunkering services, to the upstream of the green methanol industry chain.

Mr. Vincent Clerc, CEO of A.P. Moller-Maersk commenting on the agreement said that “Collaborating with ports globally to build green fuel bunkering infrastructures is necessary to service methanol vessels. It is an important step as Maersk strives to lead the decarbonization of end-to-end supply chains, and make a meaningful environmental impact in this decade.”