Maersk plans to launch world’s first carbon-neutral container ship in 2023

Shipping group Maersk said on Wednesday it will accelerate plans to decarbonize sea-borne container shipping by putting the world’s first carbon-neutral vessel into operation in 2023, seven years ahead of its original plan.

The shipping industry, which carries around 80 percent of global trade and accounts for around 3 percent of global carbon emissions, pledged last year to have ships and marine fuels with zero carbon emissions ready by 2030.

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“Fast-tracked by advances in technology and increasing customer demand for sustainable supply chains, Maersk is accelerating the efforts to decarbonize marine operations with the launch of the world’s first carbon neutral liner vessel in 2023,” the company said in a statement.

The carbon-neutral vessel will be fueled by methanol, it said.

“Our ambition to have a carbon neutral fleet by 2050 was a moonshot when we announced it in 2018,” Chief Executive Soren Skou said. “Today we see it as a challenging, yet achievable target to reach.”