Maersk and HD Hyundai Collaborate on Decarbonisation Solutions for Vessels
Key Ideas
- Maersk and HD Hyundai have agreed to collaborate on decarbonisation solutions for vessels, focusing on retrofitting.
- Maersk is exploring various alternative fuels, such as methanol, for maritime decarbonisation.
- The successful conversion of Maersk Halifax to run on methanol has led to the order of retrofitting 10 more vessels.
- There is a push for a minimum price of $600 a tonne for a tradeable greenhouse gas levy to promote cleaner fuels in the shipping industry.
Maersk, one of the world's biggest shipping firms, has announced a collaboration with HD Hyundai to work on decarbonisation solutions for vessels. This collaboration will involve efforts to retrofit vessels to operate on cleaner fuels. Maersk has been actively exploring alternative fuels for maritime decarbonisation, with a particular focus on methanol. Following the successful conversion of the Maersk Halifax to run on methanol, Maersk has decided to retrofit 10 more vessels to use this cleaner fuel. Additionally, there is a growing conversation within the industry about implementing a minimum price of $600 a tonne for a tradeable greenhouse gas levy to incentivize the adoption of cleaner fuels and promote sustainability in the shipping sector. This collaboration and the retrofitting initiatives represent steps towards achieving greener and more sustainable practices in the maritime industry.