CMA CGM and Maersk join forces to accelerate the decarbonization of the shipping industry
Both companies have set ambitious Net Zero target and invest extensively in the energy transition in shipping
Shipping giants AP Moller-Maersk and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations, it was announced in a joint press release.
As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerate the green transition in shipping, learning from each other to go further and faster.
CMA CGM and Maersk have set a net-zero target for their shipping business, have identified scalable solutions that can create impact in this decade, and have already individually taken ambitious paths on promoting decarbonization for shipping.
Maersk has been ordering vessels that can be operated on bio/e-methanol. CMA CGM has been ordering LNG-propelled vessels, that can also be operated on bio/e-methane, the new green equivalent of current LNG, and has also placed orders for vessels that can be operated on bio/e-methanol.
While these two fuel streams appear now as the most mature among existing solutions, both companies expect the future fuel mix of shipping will include other streams that should be developed in the coming years.
Ambitious collaboration
An ambitious collaboration to develop the future of fuels for the shipping industry
Specifically, both shipping lines will work more together to develop the use of alternative greener fuels for container vessel propulsion, namely:
Developing high standards for alternative sustainable, green fuels – including the analysis of full lifecycle and related greenhouse gases – and helping to setting the framework of mass production of green methane and green methanol.
Developing and maintaining standards for operation of green methanol vessels with regards to safety and bunkering, as well as accelerating port readiness for bunkering and supply of bio/e-methanol at key ports around the world.
Continuing to explore jointly R&D on other components of the net zero solution as new alternative fuels, like ammonia, or innovation technology for their ships.
Two leading shipping companies will push advocacy together for the energy transition of the industry.
Regulation
Moreover, Maersk and CMA-CGM both agree to the fundamental role of regulation in securing the decarbonization of the sector. Both companies warmly welcome the outcome of the recent Marine Environment Protection Committee of the International Maritime Organization during which the IMO’s 2023 strategy for reducing GHG Emissions from Ships was adopted, with reinforced targets to tackle harmful emissions.
“This partnership is a milestone for the decarbonization of our industry. By combining the know-how and the expertise of two shipping leaders, we will accelerate the development of new solutions and technologies, enabling our industry to reach its carbon dioxide reduction targets. We are looking forward to being joined by other companies,” says Rodolphe Saadé, Chairman and Chief Executive Officer, CMA CGM Group.
“AP Moller-Maersk wants to accelerate the green transition in shipping and logistics and to do so, we need strong involvement from partners across the industry. We are pleased to have an ally in CMA CGM and it’s a testament that when we united through determined efforts and partnerships, a tangible and optimistic path toward a sustainable future emerges,” asserted Vincent Clerc, Chief Executive Officer, AP Moller-Maersk.
