Integrated container logistics company A.P. Moller – Maersk announced an agreement with shipbuilding company Hyundai Mipo Dockyards for the world’s first carbon-neutral methanol fueled container ship.

The 172-meter, 2100 TEU vessel will feature a dual engine, enabling it to sail on either methanol or traditional very low Sulphur fuel, and is expected to be delivered by mid-2023.

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As companies globally increasingly aim to reduce the climate impact of their supply chains, the sustainability profile of ocean shipping is coming under growing scrutiny. According to the European Maritime Safety Agency, shipping accounts for 3% of global greenhouse gas emissions and contributes to air pollution close to coastal areas and ports.

Maersk noted that over half of its largest customers have set, or are in the process of setting science-based or zero carbon targets for their supply chains.

Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands, A.P. Moller – Maersk, said:

“This groundbreaking container vessel shows that scalable solutions to properly solve shipping’s emissions challenge are available already today. From 2023 it will give us valuable experience in operating the container vessels of the future while offering a truly carbon neutral product for our many customers who look to us for help to decarbonize their supply chains.”