Maersk commits to green methanol supply stream: Global shipping giant Maersk has inked a landmark long-term 500k tonne per year green methanol offtake agreement with Chinese clean energy supplier Goldwind, according to a press release. The move looks to “de-risk” Maersk’s low-emission operations into the next decade and represents the first agreement of its type for the global shipping industry, the statement adds. The offtake agreement’s scale and price “confirm our view that green methanol currently is the most viable low-emission solution for ocean shipping,” Maersk Chief Infrastructure Officer Rabab Raafat Boulos said. Maersk’s statement did not disclose the transaction’s value.

First deliveries are slated for 2026: The record volumes of green methanol will power the first 12 methanol-powered vessels Maersk expects to receive, representing more than half of the carrier’s methanol-enabled order book, the statement explained. Maersk will receive its first methanol-enabled 16k TEU vessel in 1Q 2024.

The news was picked up widely in the foreign press: Reuters | Splash | Seatrade Maritime.

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