MSC Leans Away From Maersk’s Decarbonization Plan

The world’s number-two ocean liner, Mediterranean Shipping Company (MSC), under it’s new boss, former Maersk COO, Soren Loft, released a statement on Friday, where Loft supported the industry-backed $2 per tonne bunker levy, rather than Maersk’s bold new decarbonization plan of $450 per tonne bunker fuel.

Read About It: Maersk’s Decarbonization Proposal: $450 Per Tonne Bunker Tax

MSC Leans Away From Maersk's Decarbonization Plan
Soren Loft: CEO, MSC | Image Via:

On one hand, Maersk’s CEO, Soren Skou believes that options like green-methanol and ammonia are the future fuel for the shipping industry, backed by this idea, they have even ordered Maersk’s first methanol-powered vessel, which would be delivered in 2023. On the other hand, Toft suggests that scalable future alternatives simply do not currently exist, and that, they should focus on improving supply-chain and technical issues.

The two 2M Alliance partners have their roadmaps set, which are totally contrary to one another. While MSC is ambitiously scaling up its fleet, and is on its way of replacing Maersk as the world’s number-one ocean liner. Maersk’s focus is currently centered around sustainability.

Read: MSC To Overtake Maersk As The World’s Largest Container Line

The International Chamber of Shipping (ICS) backed proposal suggests to levy a minimal amount of $2 per tonne levy, on marine fuel purchased by the shipping companies. Considering the current global bunker fuel volume, which stands at approximately $250 million per year, this levy would generate approximately $5 billion, over a 10 year period. This fund, would then be used to set up an International Maritime Research and Development Board (IMRB), and an IMO GHG Reduction Research and Development Programme. This proposal is backed by the majority of shipping bodies and companies.

The ICS backed levy would be generating solutions for the maritime industry, by the next decade. While Skou has called out to IMO, to implement a steep carbon tax by the second half of the 2020s.

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