FMC issues warning on freight rates

In 2020, Maersk’s former Chief Executive Officer (CEO), Søren Skou, firmly dismissed LNG (liquified natural gas) as a viable option for decarbonisation of its fleet. Citing its status as a fossil fuel, he expressed a preference to leap directly to carbon-neutral alternatives. This stance was underpinned by concerns over LNG’s methane “well-to-wake” emissions. At that time, Maersk placed its bets on (green) methanol, positioning it as the preferred fuel for a zero-carbon future.

COSCO Shipping Specialised Carriers has launched a monthly Ro-Ro route from the Port of Gothenburg to China via Singapore, primarily transporting Swedish export cars.

The newly launched ‘Beyond Methane Pledge’ calls for an end to LNG and other methane-based fuels, as major shipping companies ready to order new LNG-powered containerships.

The AP Moller-Maersk Group, which owns Maersk Line and CMA CGM, respectively the second and third largest liner shipping companies in the world, are to work together on a number of decarbonisation programmes

CMA CGM LIBERTY arrives at the Port of Yokohama, the first LNG-powered containership to call a Japanese Port

The ZIM SAMMY OFER is the first of the ten LNG-powered 15,000 TEU vessels under a long-term chartering agreement between ZIM and Seaspan Corporation.