By Dominic Chopping


A.P. Moeller-Maersk AS said Wednesday that it has ordered a further six large ocean-going vessels that can sail on green methanol.

The Danish shipping giant said the vessels will be built by Hyundai Heavy Industries Co. Ltd., with each having a nominal capacity of around 17,000 containers.

All six vessels will be delivered in 2025 and will replace an equal amount of capacity reaching end-of-life and leaving the Maersk fleet, it said.

Including the latest order, Maersk has now ordered a total of 19 vessels with dual-fuel engines able to operate on green methanol and, when all of the vessels have been deployed and replaced older vessels, will generate annual CO2 emissions savings of around 2.3 million tonnes, it said.

Green methanol is produced using renewable energy and carbon dioxide released as a result of the combustion or decomposition of organic material.

"Our customers are looking to us to decarbonize their supply chains, and these six vessels able to operate on green methanol will further accelerate the efforts to offer our customers climate neutral transport," Henriette Hallberg Thygesen, Maersk's chief executive of fleet and strategic brands, said.

Maersk has set a net-zero emissions target for 2040 across the entire business and has also set near-term targets for 2030 to ensure significant progress. This includes a 50% reduction in emissions per transported container in the Maersk ocean fleet compared to 2020 and a principle of only ordering newbuild vessels that can be operated on green fuels.

Financial terms weren't disclosed.


Write to Dominic Chopping at


(END) Dow Jones Newswires

October 05, 2022 03:32 ET (07:32 GMT)

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