Maersk signs MOU with Shanghai International Port Group

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A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties will join hands to explore green methanol fuel vessel-to-vessel bunkering operation after Maersk’s green methanol container vessels are delivered in 2024.

Maersk has set a net-zero emissions target for 2040 across the entire business. The delivery and operation of its 19 vessels with dual-fuel engines able to operate on green methanol will accelerate the evolution of climate-neutral shipping. Therefore, establishing port bunkering infrastructure for methanol is critical to achieving this goal.

“Collaborating with ports globally to build green fuel bunkering infrastructures is necessary to service methanol vessels. It is an important step as Maersk strives to lead the decarbonisation of end-to-end supply chains and make a meaningful environmental impact in this decade. We are very pleased to partner with SIPG, leveraging its strong bunkering service and port operation capabilities. Through joint efforts, we can provide low-carbon logistics service for our customers, also contributing to China’s pledge to be carbon neutral by 2060. Meanwhile, we also endeavour to cultivate synergies with SIPG and fuel manufacturers to optimise fuel infrastructure efficiencies,” said Mr Vincent Clerc, CEO of A.P. Moller-Maersk.

As SIPG, the main operator of the world’s busiest container port, also commits to becoming a leader in developing green and ecological ports, the agreement will also support the aspiration of Shanghai Port to become one of the world’s first commercial green methanol refuelling points, and as a regional green methanol fuel bunkering centre.

“We are happy to collaborate with Maersk to support its mission to decarbonise the shipping industry. As the demand for sustainable fuels increase, establishing the green fuel bunkering service will be another milestone for SIPG, improving port services and enhancing the competitiveness of Shanghai Port to transform the company into a low-carbon and eco-friendly energy hub in the Asia Pacific. SIPG will continue to work with shipping companies to foster Shanghai shipping hub gateway and the green, low-carbon transformation of the shipping industry in Shanghai,” said Mr Gu Jinshan, Shanghai International Port Group Chairman.

Maersk and SIPG will deepen cooperation in stages. In the first phase, SIPG, as Maersk’s potential energy bunkering service provider, will carry out services of vessel-to-vessel bunkering and fuel tank storage at the port. In the potential second stage, the parties will explore forming a comprehensive energy strategic partnership to promote the extension from bunkering services to the upstream of the green methanol industry chain.


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Ryan Finn
Ryan is the Digital Marketing and Content Creation Manager for Trade and Logistics Siam Ltd. He provides a creative flair to the team and his resourcefulness helps to bring an imaginative improvement to both literary archetypes and online content production. A writer by day and a rider by night, when he's not composing the latest logistics news update or creating compelling copy for our clients, Ryan spends his free time travelling Thailand by motorbike.