Maersk and CMA CGM, respectively the world’s second and third largest container lines, initially appeared to be on different paths to decarbonisation. CMA CGM pioneered large LNG-fuelled containerships with a view to later switching bio/e-methane, while Maersk opted to go straight to zero carbon with green methanol fuelled ships, the first of which Laura Maersk was named last week. CMA CGM has since ordered methanol dual-fuel tonnage as well.
A joint announcement by the two companies noted that they had both set zero-emission targets. While the investments in LNG and methanol powered tonnage present the most mature existing solutions both companies expect the future fuel mix to include other green energy streams that will developed in the coming years, including fuels such as ammonia.
“This partnership is a milestone for the decarbonisation of our industry. By combining the know-how and the expertise of two shipping leaders, we will accelerate the development of new solutions and technologies, enabling our industry to reach its CO2 reduction targets. We are looking forward to being joined by other companies,” said Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group.
There are three areas which the two companies highlighted collaboration on. Firstly, the development of alternative green methane and green methanol at a mass production scale. Second, developing standards for the operation of green methanol vessels and bunkering, and accelerating readiness for the supply of bio/e-methanol at ports around the world. Third, joint R&D on other alternative net zero fuels such as green ammonia.
“AP Moller – Maersk wants to accelerate the green transition in shipping and logistics and to do so, we need strong involvement from partners across the industry. We are pleased to have an ally in CMA CGM and it’s a testament that when we united through determined efforts and partnerships, a tangible and optimistic path toward a sustainable future emerges,” says Vincent Clerc, Chief Executive Officer at AP Moller – Maersk.
Both companies plan to continue to push for the energy transition in the industry and welcomed the outcomes of the recent IMO Marine Environment Protection Committee (MEPC) meeting.
Listen to a podcast on the outcomes of the IMO MEPC meeting
The two companies added: “Maersk and CMA CGM remain committed to jointly advocating for and encouraging IMO Member States to adopt ambitious measures in their pursuit of the highest attainable goals. Regional measures such as the EU Fit for 55 and the Inflation Reduction Act in the US are welcomed by both companies to help stimulate demand for green shipping solutions.”
Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.