RE: Has the head wind shifted?25 Aug 2021 08:25
In which case Mark8303, the Maritime Sector is now looking very promising for Ceres following the announcement in the telegraph re the Maersk shipping purchase from Hyundai Heavy Shipping who have a MOU with our partner Doosan to use Ceres SOFC.
https://www.telegraph.co.uk/business/2021/08/24/maersk-goes-green-methanol-powered-container-ships/
Maersk goes green with methanol-powered container ships
Order for eight zero-carbon container ships by world's largest container line highlights demand for environmentally friendly sea freight
By
Alan Tovey,
INDUSTRY EDITOR
24 August 2021 • 12:27pm
Maersk ship
The world's biggest shipping company giant has taken a major step towards environmentally friendly sea freight by ordering eight ships that can run on either methanol or traditional fuels.
Maersk has ordered eight vessels each capable of carrying 16,000 standard 20ft shipping containers (known as TEU) from Hyundai Heavy Industries, with deliveries starting in 2024. It has an option for four more ships.
It is the first major order from a shipping line for large ships that can operate with a zero carbon footprint and comes as the industry faces mounting pressure to reduce its environmental footprint.
Shipping is responsible for 3pc of CO2 emissions and the International Maritime Organisation has a 2030 target of cutting emissions to 60pc of their 2008 levels, and halving all emissions by 2050.
Maersk’s new carbon neutral ships, which cost about $175m (£128m) each, will run on green methanol made by combining sustainably produced hydrogen and carbon dioxide captured from renewable sources.
Running on this fuel would cut carbon emissions by about 1m tonnes a year.
However, the “dual fuel” option, which increases the cost of each ship by between 10pc and 15pc, means they can also run on conventional low sulphur fuel.
Soren Skou, the Maersk chief executive, said: “The time to act is now if we are to solve shipping’s climate challenge. This order proves that carbon-neutral solutions are available today across container vessel segments and that Maersk stands committed to the growing number of our customers who look to decarbonise their supply chains.”
The order from such a big operator was a “firm signal to fuel producers that sizeable market demand for the green fuels of the future is emerging at speed”. Maersk accounts for about a fifth of the global container fleet capacity of some 23m TEU.
In February Maersk dipped its toe into green shipping, ordering a methanol-powered “feeder” 2,100 TEU ship that will operate on short northern European routes.
The Danish company said at the time that the vessel “would show the world it can be done” and “kickstart” the market.
Several Maersk customers have backed its order for the eight new ships.
Leyla Ertur at H&M said they were an important step in supporting the fashion chain's climate goals, adding: "We are proud to take part in this pioneer journey.”