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Maersk spends $1.4 billion on ships that can run on methanol

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Chris Ratcliffe | Bloomberg | Getty Images

Danish firm Maersk said Tuesday it is ordering eight large, ocean-going vessels able to run on what it called “carbon neutral methanol.”

The world’s largest container shipping firm said the vessels would be built by South Korea’s Hyundai Heavy Industries and have the capacity to carry around 16,000 containers. According to a number of reports, each ship will cost $175 million, making the total cost $1.4 billion.

In a video message, Morten Bo Christiansen, Maersk’s head of decarbonization, said the vessels would “hit the waters from early 2024.” He added: “Once they are all out there sailing on green methanol, they will save a million tons of CO2…



Source cnbc.com

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