Maersk unveils latest ‘dual-fuel methanol vessel’ [Video]

SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel in the Southeast Asian country on Thursday as the industry ramps up decarbonization efforts. 

The newly named A.P. Møller is a 350-meter-long ship that adds to a growing fleet of Maersk vessels that are able to run on methanol as well as traditional marine fuels.

Speaking to CNBC’s “Squawk Box Asia,” Maersk’s Asia-Pacific president, Ditlev Blicher, said the vessels represent the latest technology that is ready to decarbonize shipping. 

“[This technology] allows the industry to shift from black fuels or fossil fuels into what we call e-methanol, or green methanol, significantly reducing the carbon outlets of normal shipping,” he said. 

Maersk broadly defines green fuels as fuels with a minimum 65% reduction in greenhouse gas emissions on a lifecycle basis compared with fossil reference fuels.

Although largely produced from fossil fuels, methanol can also be made from sustainable, renewable-based energy sources, according to the International Renewable …