Maersk Invests in Green Maritime Future in India
Key Ideas
- Maersk celebrates the name-giving of the dual-fuel methanol vessel 'Albert Maersk' in Mumbai, emphasizing the shift towards green shipping.
- The company sees a significant investment opportunity of USD 5 billion in ports, terminals, and infrastructure development in India, aligning with the country's green fuel potential.
- With a goal of achieving net-zero emissions by 2040, Maersk aims to have 19 dual-fuel methanol container vessels in operation by the end of 2025.
- Partnerships with India focus on alternative fuel sourcing, low-emission shipping, ship repairs, and shipbuilding to promote the maritime sector and global connectivity.
Maersk marked a milestone in sustainable shipping by christening its latest dual-fuel methanol vessel, 'Albert Maersk,' in Mumbai during its maiden voyage to India. This vessel is part of Maersk's fleet committed to operating on methanol, with plans to invest USD 5 billion in Indian ports, terminals, and infrastructure development. The company's focus on green fuel production in India, including methanol, ammonia, and hydrogen-based fuels, signifies a significant step towards a greener maritime industry. The 'Albert Maersk' is one of 18 dual-fuel methanol vessels set for delivery by 2025, contributing to Maersk's decarbonisation goal of achieving net-zero greenhouse gas emissions by 2040. Vincent Clerc, the CEO of A.P. Moller – Maersk, hosted the ceremony attended by dignitaries, government officials, and industry stakeholders, emphasizing the importance of sustainable practices in the shipping sector. Additionally, APM Terminals expressed readiness to invest in low-emission port infrastructure to enhance efficiency and promote trade growth in India, aligning with the country's ambitions for a sustainable maritime future.
Topics
Maritime
Infrastructure Development
Investment Opportunities
Sustainable Shipping
Green Fuels
Decabonisation
Maritime Partnership
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