Maersk and Shanghai Port Group enter into green fuel partnership Ship’s crew

Danish shipping giant AP Moller-Maersk (Maersk) and Shanghai International Port Group (SIPG) have announced a strategic partnership for the Shanghai Port methanol marine fuel project. The agreement sees the two industry heavyweights working together to develop ship-to-ship green methanol bunkering operations following the delivery of Maersk’s green methanol container ships in 2024.

The initiative supports Maersk’s ambitious net-zero emissions target by 2040 and upcoming deployment of 19 dual-fuel vessels capable of running on green methanol. Maersk said building a port bunkering infrastructure for methanol is essential to achieving those goals.

Vincent Clerc, CEO of AP Moller-Maersk, emphasized the importance of global collaboration in building green fuel bunkering infrastructure for methanol ship maintenance. “We are very excited to partner with SIPG and leverage their strong bunkering and port operations capabilities,” he said. “Through joint efforts, we can offer our customers low-carbon logistics services, thereby also contributing to China’s promise to be carbon neutral by 2060.”

This collaboration is also in line with SIPG’s commitment to becoming a leader in the development of green and ecological ports. As the main operator of the world’s busiest container port, the agreement will support the Port of Shanghai’s ambition to become one of the first commercial green methanol refueling stations and a regional green methanol fuel bunkering hub.

Gu Jinshan, chairman of Shanghai International Port Group, said the establishment of the green fuel bunker service is another milestone for SIPG. “SIPG will continue to work with shipping companies to promote the Shanghai Shipping Hub Gateway and the green, low-carbon transformation of Shanghai’s shipping industry,” he said.

The partnership will progress incrementally, with the first phase being SIPG as Maersk’s potential energy bunkering service provider, providing ship-to-ship bunkering and in-port fuel tank storage. In the potential second phase, the parties will explore forming a comprehensive strategic energy partnership to promote the expansion of bunkering services to the upstream green methanol industry chain.

Maersk this week unveiled the design for its first green, methanol-fuelled container ship, a 2,100 TEU capacity feeder vessel, due for delivery this year from Hyundai Mipo Dockyard. Maersk also has orders for 18 larger container ships (16,000-17,000 TEU) from Hyundai Heavy Industries in South Korea, with deliveries scheduled in 2024 and 2025. To power the fleet, the company was busy finding suppliers to source the needed green methanol fuel.

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