Maersk enters agreement for 8 methanol-powered vessels

Maersk entered an agreement for 8 methanol dual fuel container vessels.

A.P. Moller – Maersk entered an agreement Tuesday with Hyundai Heavy Industries (HHI) to build eight large dual fuel container vessels, powered by carbon-neutral methanol or very low sulfur fuel oil. 

The vessels are expected to save around 1 million metric tons of CO2 emissions annually. The dual fuel capability will make up 10%-15% of the total cost of each vessel, according to Maersk, but it will also give the company more flexibility if fuel supply is limited.

The first of the eight vessels...

https://www.freightwaves.com/news/maersk-enters-agreement-for-8-methanol-powered-vessels

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