Danish Shipping Giant A.P. Moller - Maersk Making Waves with the World’s First Carbon Neutral Container Ship

According to the United Nations Environment Programme, the #transport sector contributes c. 25% of all #energy-related greenhouse gas (GHG) emissions. It's a sector which has caught many headlines of late, with the advent of #electricvehicles' (EV) growth in not only the B2C segment but also in B2B, as businesses transition to EV solutions for short haul logistics.

This said, there are more difficult sectors for #sustainability transition than short haul #logistics, thus making fewer and further between headline news. Amongst them is container #shipping.

On the latter, Danish shipping giant A.P. Moller - Maersk has set out its stall to decarbonise logistics, which it acknowledges is a “strategic imperative” for the industry and its actors. The business approach has been to lever innovation, investment and collaboration and those three elements are broadly reflected in the company’s most recent news: its signing of a deal for the world’s first #carbonneutral methanol-fuelled container ship.

Shipbuilding company Hyundai Mipo Dockyard will build the ship, which will be part of Sealand – A Maersk Company. The methanol propulsion configuration for the vessel will be developed by MAN Energy Solutions, Hyundai Engine & Machinery and Himsen.

Methanol has the highest hydrogen to #carbon ratio of any liquid fuel. Relative to conventional fossil fuels on a “well-to-tank” (WTT) basis, it’s estimated that methanol reduces carbon emissions by anywhere from 65% to 95%.

Inventor Alexander Graham Bell once said “Great discoveries and improvements invariably involve cooperation of many minds.”

How can you better leverage the skill of #collaboration in your business leadership?

#leadership #shippingindustry