Maersk Oil Trading merged into new business unit for green energy

The oil trader will become part of a new climate unit at Maersk. All employees will keep their positions, but managerial changes are inbound.

Maersk has the stated goal of reaching net-zero emissions by 2040, which requires that ships sail on green alternatives to traditional bunker oil. | Photo: Marcus Brandt/AP/Ritzau Scanpix

by NIKLAS KRIGSLUND

Maersk Oil Trading has merged into a new business unit charged with helping the shipping company transition from traditional bunker oil to greener fuel alternatives for its container vessels.

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Green fuel director leaves her position at Maersk
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Foto: Peter Hove Olesen/Politiken/Ritzau Scanpix

Tanker

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Foto: Shannon Stapleton/Reuters/Ritzau Scanpix

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German logistics company wants to grow 250 percent by 2030

The third generation of the family behind Leschaco wants to grow the company, and fast. Leschaco needs to grow significantly, says the CEO.

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Regulation

Lynn Loo urges shipping to take steps outside its comfort zone

The CEO of Global Centre for Maritime Decarbonisation believes the shipping industry must be ready to take a little more risk to achieve its climate goals.

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Tanker

Maersk sells part of its business with the US government

Maersk has sold a subsidiary that provides transportation services for the US Navy. The business covers a handful of tankers.

For subscribers

Container

Maersk praises Cosco's plans to move into green methanol

”More initiatives like these are needed,” says Morten Bo Christiansen from Maersk, which has 25 methanol-powered ships in the pipeline.

For subscribers

"It may be that in a few years we will order ammonia-powered ships when the technology is more mature," Vincent Clerc, CEO of Maersk, said at a press conference. | Foto: Mads Claus Rasmussen

ShippingWatch.com

Clerc wants Maersk's ships to run on fuels other than methanol

Although Maersk is a co-owner of new energy company C2X, which has A.P. Moller Holding as its main owner, the shipping company will not commit to all its ships sailing on green methanol.

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Maersk's new methanol ship is en route for Copenhagen, where it will be christened next week by EU Commission President Ursula von der Leyen. | Foto: Pr/mærsk

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Equinor to supply green fuel for Maersk's new prestige ship

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Maersk Oil Trading merged into new business unit for green energy

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Related articles:

Green fuel director leaves her position at Maersk

It is still uncertain when Maersk's new vessels can sail on green fuels

Maersk Oil Trading enters green methanol project in Singapore

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Front page now

Maersk sells part of its business with the US government

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk praises Cosco's plans to move into green methanol

Russia still relies on Europe to ship its oil despite price cap breach

Norden's venture in Gabon runs smoothly one month after military coup

IEA: Ammonia is crucial for shipping's green transition

Fredriksen company loses legal dispute with shipyard

Norwegian carrier gets state funding for new ammonia vessels

German ports fear public savings

IEA: Green fuels keep climate goals alive

Navigare Capital cashes in from sale of several ships

Further reading

German logistics company wants to grow 250 percent by 2030

Lynn Loo urges shipping to take steps outside its comfort zone

Maersk sells part of its business with the US government

Maersk praises Cosco's plans to move into green methanol

Clerc wants Maersk's ships to run on fuels other than methanol

Equinor to supply green fuel for Maersk's new prestige ship

Jobs