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Maersk Makes $1.4 Billion Green Bet on Methanol-Fueled Ships

  • Shipping titan orders eight dual-fuel container vessels
  • Move is part of a broader trend toward lower-carbon fleets
Maersk said in February all future newbuild vessels under its ownership would be able to use carbon neutral fuels.

Maersk said in February all future newbuild vessels under its ownership would be able to use carbon neutral fuels.

Photographer: Chris Ratcliffe/Bloomberg
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The world’s largest container-shipping line is making a $1.4 billion investment in a greener fleet.   

A.P. Moller - Maersk A/S has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel. They’re set for delivery from 2024.