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Summary
- The implementation of IMO Annex VI of the MARPOL Convention aims to minimise the carbon footprint across the shipping industry.
- Maersk has announced to launch a carbon neutral vessel by 2023, 7 years ahead of schedule.
- The vessel would be powered by either e-methanol or sustainable bio-methanol and would hold a capacity of ~ 2000 TEU.
The maritime shipping industry is all set to mark an unprecedented shift towards cleaner fuels to reduce their carbon footprint, thanks to the implementation of the International Maritime Organisation (IMO) Annex VI of the MARPOL Convention or the International Convention for the Prevention of Pollution from Ships, i.e., IMO 2020.
To Know More, Do Read: IMO MARPOL Convention To be Implemented Soon; Impact on Stakeholders and LNG Industry
The IMO 2020 aims to reduce the maximum sulphur content of marine fuel oil from 3.5 per cent of weight to 0.5 per cent of weight, and it has brought forward some paradigm shifts in how the maritime shipping industry operates.
Carbon neutral liner by 2023
While many shipping players have switched to cost-intensive methods like using low-sulphur fuel to scrubbers and LNG as an alternative fuel, the worlds' largest shipping behemoth – Maersk, has announced to launch a carbon-neutral vessel by 2023.
As per the Company, it would launch the world's first carbon-neutral liner vessel in 2023 – seven-year ahead of schedule in line with its decarbonisation commitments.
The carbon neutral liner is anticipated to utilise advances in technology to run on dual fuel technology, which would either enable the carrier to conduct its operations carbon free or reduce the operation on standard low sulphur fuel oil.
Furthermore, A.P. Moller – Maersk mentioned that this fast-track in the development of a carbon neutral carrier is also in the wake of increasing consumer demand for sustainable supply chains, once again courtesy of IMO 2020.
According to the Danish firm, the vessel would be powered by either e-methanol or sustainable bio-methanol and would hold a capacity of ~ 2000 TEU.
Source: Maersk Press Release 17 February 2021
In the wake of such estimates and great demand, A.P. Moller – Maersk is all set to play its part while keeping its own commitments affirm. The shipping giant plans to go carbon neutral by 2050 and plans a carbon neutral fleet by the same period.
