By Dominic Chopping
Container shippers A.P. Moller-Maersk and CMA CGM are partnering to accelerate the energy transition in shipping, working together to develop the use of alternative greener fuels, they said Tuesday.
The Danish and French companies have both set a net-zero emissions target for their shipping business and have begun implementing decarbonization plans, with Maersk ordering vessels that can be operated on bio/e-methanol while CMA CGM has been ordering LNG-propelled vessels, that can also be operated on bio/e-methane.
“While these two fuel streams appear now as the most mature among existing solutions, both companies expect the future fuel mix of shipping will include other streams that should be developed in the coming years,” they said in a joint statement.
Under Tuesday’s agreement, the two shipping lines will collaborate to develop alternative greener fuels for container vessel propulsion.
This will include developing standards for alternative fuels and helping to set the framework of mass production of green methane and green methanol, developing and maintaining standards for operation of green methanol vessels as well as accelerating port readiness, and continuing research and development into new alternative fuels like ammonia and technology for ships.
CMA CGM and Maersk added that they are ready to collaborate with regulatory stakeholders in establishing an international regulatory greenhouse gas framework and invite other international shipping lines to join them.
Write to Dominic Chopping at dominic.chopping@wsj.com
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