Maersk Orders Four More Methanol-Powered Vessels From Hyundai Heavy

Danish shipping giant A.P. Moller – Maersk has reportedly confirmed the possibilities with South Korean shipbuilder Hyundai Heavy Industries (HHI) to build four additional 16,000 TEU dual-fueled vessels able to operate on carbon neutral methanol.

Maersk Orders Four More Methanol-Powered Vessels From Hyundai Heavy
Maersk recently unveiled the design of its first generation green methanol-fueled ultra large container ships | Courtesy: Maersk

Also Read: Historic: MSC Finally Overtakes Maersk As The World’s Biggest Container Line

The deal is worth approximately KRW 840 billion (approximately $700 million), Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of HHI, said in a regulatory filing with the Korea Exchange.

The vessels are scheduled to be delivered in 2025, following the delivery of eight similar vessels ordered in August 2021 and due for delivery in the first quarter of 2024.

Maersk told media outlets that the four newbuildings will replace a similar amount of its fleet capacity that is reaching obsolescence.

The company said, “Once fully phased in, the 12 vessels will generate a total annual CO2 emissions savings of 1.5m tonnes, or 4.5% of total Maersk fleet emissions, and offer Maersk customers truly carbon neutral transportation at scale on the high seas.”.

Last month, Maersk unveiled the design for its next generation of green ships. The design promises to provide a 20% improvement in energy efficiency per transported container when compared to the industry average for similar 16,000 TEU vessels, watch:

Related Read: World’s First Methanol-Fueled Towboat Set To Roll Out in 2023

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