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Maersk invests USD 700.3 million for additional four methanol-fuelled container newbuilds

11 Jan 2022

Korea Shipbuilding & Marine Engineering (KOSE), formerly Hyundai Heavy Industries Co Ltd, on Monday (10 January) said it has received a KRW 839.7 billion (USD 700.3 million) order for four container newbuilds from an “European shipping company” for delivery by mid-2025 in a filing on the Korean Exchange.

Media reports noted the order of four 16,000 TEU methanol-fuelled container newbuilds was being placed by shipping company and inland transportation firm A.P. Moller-Maersk; a development confirmed by board member Jacob A. Sterling.

“First we ordered one small vessel (June 2021), then eight big ones (August 2021), and now another four big vessels to be fuelled on green methanol,” shared Sterling on a Monday post at social media platform LinkedIn.

“Once fully phased in and running on green methanol, the twelve large methanol fuelled container vessels will generate savings of 1.5 million CO2 emissions per year.

“Not only will these ships represent a significant step in our decarbonisation journey, they will also enable us to offer decarbonised shipping to our customers at a completely different scale than today.”

Maersk in December introduced the design of its eight 16,000 TEU carbon-neutral methanol powered container newbuilds.

“When designing these, our ambition was to make sure the new vessels could service our customers in a smarter way while contributing to their carbon-neutral transportation goals,” it earlier stated.

Unique to the industry, the design allows a 20% improved energy efficiency per transported container, when compared to the industry average for vessels in its size.

Additionally, the entire series is expected to save around one million tons of annual carbon dioxide (CO2) emissions, offering its customers carbon-neutral transportation at scale on ocean trades.

Related: Maersk introduces design of eight carbon-neutral methanol powered container newbuilds


Photo credit: Maersk
Published: 11 January, 2022

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