Maersk, transiting to total carbon neutrality shipping, by 2050

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The A.P. Moller -Maersk highlighted its determination Tuesday, of having carbon neutral vessels commercially viable by 2030 and a goal for an accelerated transition to total carbon neutrality shipping, by 2050.

The Chief Operating Officer, A.P. Moller – Maersk, Søren Toft who indicated this in a statement in Denmark has therefore called for stronger industry involvement, stressing the need for new innovations and adaption of new technology.

He identified Climate as one of the most important issues in the world, and pointed out that carrying around 80 percent of global trade, has also specially placed the shipping industry in a vital position to finding solutions.

“By now, Maersk´s relative CO2 emissions have been reduced by 46% (baseline 2007), approx. 9% more than the industry average.

“As world trade and thereby shipping volumes will continue to grow, efficiency improvements on the current fossil based technology can only keep shipping emissions at current levels but not reduce them significantly or eliminate them.

“The only possible way to achieve the so-much-needed decarbonisation in our industry is by fully transforming to new carbon neutral fuels and supply chains,” says Søren Toft, explaining that Maersk is putting its efforts towards solving problems, specific to maritime transport, as it calls for different solutions than automotive, rail and aviation.

“The yet to come electric truck is expected to be able to carry max 2 TEU and is

projected to run 800km per charging. In comparison, a container vessel carrying thousands of TEU sailing from Panama to Rotterdam makes around 8800km. With short battery durability and no charging points along the route, “innovative developments are imperative.

Given the 20-25-year life time of a vessel, it is now time to join forces and start developing the new type of vessels that will be crossing the seas in 2050.

“The next 5-10 years are going to be crucial. We will invest significant resources for innovation and fleet technology to

improve the technical and financial viability of decarbonised solutions. Over the last four years, we have invested around USD 1bn and engaged 50+ engineers each year in developing and deploying energy efficient solutions.

“Going forward we cannot do this alone” adds Søren Toft, emphasizing the importance of

Research & Development as key to take the industry away from today’s fossil based technology; and by setting this

ambitious target, Maersk hopes to generate a pull towards researchers, technology developers, investors, cargo owners and legislators that will activate strong industry involvement, co-development, and sponsorship of sustainable solutions that we are yet to see in the maritime industry.

The Maritime First learnt that Maersk is eyeing  2019 to initiate open and collaborative dialogue with all possible parties to tackle together one of the most important issues in the world; the climate change.