Is this vessel the foreseeable future of shipping? Transport giant Maersk is banking on it

Is this vessel the foreseeable future of shipping? Transport giant Maersk is banking on it


Shipping and delivery big Maersk unveiled the 1st eco-friendly methanol-run vessel in the entire world. The container ship is the initial move for the greatly polluting delivery marketplace.

Transport is just one of the greatest polluting industries in the planet, but Maersk is looking to transform that.

The world’s next-major shipping company offered the first containership run with inexperienced methanol – an different fuel that allows these ships to emit less CO2 as opposed to conventional vessels.

Vincent Clerc, CEO of Maersk, stated: “The ship was purchased only in 2021, and she was genuinely the first of its sort.

“These days, just a pair of decades afterwards, we have 125 ships that have been ordered by various companies to actually do the job on the same technological innovation and the exact same energy changeover,” he additional.

Maersk is wanting to turn out to be carbon neutral by 2040, and methanol-driven vessels will be pivotal to obtaining that.

However, eco-friendly methanol is highly-priced and scarce. Analysts are concerned no matter whether Maersk and other delivery corporations will wrestle to secure plenty of supply to attain their carbon ambitions.

Ulrik Bak, fairness research analyst at SEB, mentioned: “What I can hear from the business and from industry members is that [the production of green methanol] has not ramped up incredibly fast.”

Is powering ships with environmentally friendly methanol the option to just one of the world’s heaviest polluting industries? We head down to Copenhagen to locate out.



Supply

The West is recycling rare earths to escape China’s grip — but it’s not enough
World

The West is recycling rare earths to escape China’s grip — but it’s not enough

Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China. Bloomberg | Bloomberg | Getty Images BEIJING — As China tightens its grip on the global supply of key minerals, the West is working to reduce its dependence […]

Read More
CNBC’s The China Connection newsletter: What chip shortage? 10 questions with AI startup unfazed by U.S.-China tensions
World

CNBC’s The China Connection newsletter: What chip shortage? 10 questions with AI startup unfazed by U.S.-China tensions

In this photo illustration, the artificial intelligence (AI) apps DeepSeek, ChatGPT, Google Gemini, Copilot, Claude, and Perplexity seen displayed on a smartphone. Sopa Images | Lightrocket | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, […]

Read More
Australia’s consumer inflation holds steady in April, rate cuts still in view
World

Australia’s consumer inflation holds steady in April, rate cuts still in view

Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty Images Australian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates […]

Read More