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Maersk is about to finalize orders for dual-fuel vessels that will use bio-LNG.

Maersk is about to finalize orders for dual-fuel vessels that will use bio-LNG.
blog image
Maritime

Maersk is about to finalize orders for dual-fuel vessels that will use bio-LNG.

Maersk is set to expand its fleet with 50-60 new dual-fuel vessels, which will include a mix of both owned and chartered ships, totalling around 800,000 TEU. Of this, approximately 300,000 TEU will be from vessels Maersk owns, while the remaining 500,000 TEU will come from time-charter agreements. This strategic decision is part of Maersk's broader plan to modernize its fleet and ensure a reliable capacity for its operations from 2026 to 2030. The new vessels will feature dual-fuel propulsion systems, allowing them to operate on a mix of methanol and liquefied natural gas (LNG), with the specific balance to be determined based on future regulations and the availability of green fuels. Maersk envisions a multi-fuel future for the shipping industry, including the use of liquefied bio-methane (bio-LNG). Once these vessels are delivered, they will represent about 25% of Maersk’s fleet, all equipped with dual-fuel engines, enhancing the company's green credentials and its ability to meet greenhouse gas reduction goals. To support this, Maersk is also working on securing long-term off take agreements for bio-LNG, ensuring a steady supply of this low-emission fuel. The new build policy and charter deals are designed to offer Maersk both operational flexibility and a competitive edge in the market. Despite the significant investment, these orders are set to replace older vessels that have reached the end of their operational life, keeping Maersk’s overall fleet size stable at approximately 4.3 million TEU. According to Rabab Boulos, Maersk's Chief Operating Officer, these orders are essential to maintaining a steady flow of capacity and building a robust, future-ready fleet. Ahmed Hassan, Head of Asset Strategy and Strategic Partnerships, emphasized that the fleet size will remain unchanged as new ships replace decommissioned ones. 


10 Aug 24
blog image
Maritime

Maersk is about to finalize orders for dual-fuel vessels that will use bio-LNG.

Maersk is set to expand its fleet with 50-60 new dual-fuel vessels, which will include a mix of both owned and chartered ships, totalling around 800,000 TEU. Of this, approximately 300,000 TEU will be from vessels Maersk owns, while the remaining 500,000 TEU will come from time-charter agreements. This strategic decision is part of Maersk's broader plan to modernize its fleet and ensure a reliable capacity for its operations from 2026 to 2030. The new vessels will feature dual-fuel propulsion systems, allowing them to operate on a mix of methanol and liquefied natural gas (LNG), with the specific balance to be determined based on future regulations and the availability of green fuels. Maersk envisions a multi-fuel future for the shipping industry, including the use of liquefied bio-methane (bio-LNG). Once these vessels are delivered, they will represent about 25% of Maersk’s fleet, all equipped with dual-fuel engines, enhancing the company's green credentials and its ability to meet greenhouse gas reduction goals. To support this, Maersk is also working on securing long-term off take agreements for bio-LNG, ensuring a steady supply of this low-emission fuel. The new build policy and charter deals are designed to offer Maersk both operational flexibility and a competitive edge in the market. Despite the significant investment, these orders are set to replace older vessels that have reached the end of their operational life, keeping Maersk’s overall fleet size stable at approximately 4.3 million TEU. According to Rabab Boulos, Maersk's Chief Operating Officer, these orders are essential to maintaining a steady flow of capacity and building a robust, future-ready fleet. Ahmed Hassan, Head of Asset Strategy and Strategic Partnerships, emphasized that the fleet size will remain unchanged as new ships replace decommissioned ones. 


10 Aug 24
blog image
Maritime

Maersk is about to finalize orders for dual-fuel vessels that will use bio-LNG.

Maersk is set to expand its fleet with 50-60 new dual-fuel vessels, which will include a mix of both owned and chartered ships, totalling around 800,000 TEU. Of this, approximately 300,000 TEU will be from vessels Maersk owns, while the remaining 500,000 TEU will come from time-charter agreements. This strategic decision is part of Maersk's broader plan to modernize its fleet and ensure a reliable capacity for its operations from 2026 to 2030. The new vessels will feature dual-fuel propulsion systems, allowing them to operate on a mix of methanol and liquefied natural gas (LNG), with the specific balance to be determined based on future regulations and the availability of green fuels. Maersk envisions a multi-fuel future for the shipping industry, including the use of liquefied bio-methane (bio-LNG). Once these vessels are delivered, they will represent about 25% of Maersk’s fleet, all equipped with dual-fuel engines, enhancing the company's green credentials and its ability to meet greenhouse gas reduction goals. To support this, Maersk is also working on securing long-term off take agreements for bio-LNG, ensuring a steady supply of this low-emission fuel. The new build policy and charter deals are designed to offer Maersk both operational flexibility and a competitive edge in the market. Despite the significant investment, these orders are set to replace older vessels that have reached the end of their operational life, keeping Maersk’s overall fleet size stable at approximately 4.3 million TEU. According to Rabab Boulos, Maersk's Chief Operating Officer, these orders are essential to maintaining a steady flow of capacity and building a robust, future-ready fleet. Ahmed Hassan, Head of Asset Strategy and Strategic Partnerships, emphasized that the fleet size will remain unchanged as new ships replace decommissioned ones. 


10 Aug 24