How the Shipping Industry Can Go Green

A CEO at one of the world's biggest shipping and logistics companies explains what needs to happen in 2022

1/17/2022 9:03:00 AM

Vincent Clerc: I'm a CEO at one of the world's biggest shipping and logistics companies. Here's how my industry can go green

A CEO at one of the world's biggest shipping and logistics companies explains what needs to happen in 2022

Increased customer demand for green transport has helped pushcompanies and shipowners to invest in in carbon-neutral vessels, and industry expectations are for this to not only continue in 2022, but to accelerate. Companies are waking up to the fact that progress is needed now and new solutions must be implemented on all aspects of the business. This is illustrated by the fact that the vast majority of container lines now stand firmly behind a net-zero target of, at the latest, 2050.

Shipping has long been caught up in a chicken-and-egg situation. No investment in vessels that can sail on carbon-neutral fuels has meant no investment in the development of carbon-neutral fuels and vice versa. With this vicious cycle broken and new, carbon-neutral vessels expected to hit the waters starting in 2023, the market for green shipping fuels is opening up. Beginning in 2024, Maersk alone will need between 300,000 and 400,000 metric tons of carbon-neutral fuel for its new methanol ships.

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Dishonest language, green claims and glittery campaigns are presented to the public with the sole intention of bolstering stockholders’ financial profits, as reassurance that everything remains healthy, ethical, and by the book along the supply chain. Never will be Yeah writing OpEds in irrelevant media outlets will solve climate crisis.

ordering what will be the world’s first container vessels running on carbon-neutral “green“ methanol—the first scalable carbon-neutral solution available for such ships—among the milestones. Increased customer demand for green transport has helped push companies and shipowners to invest in in carbon-neutral vessels , and industry expectations are for this to not only continue in 2022, but to accelerate. Companies are waking up to the fact that progress is needed now and new solutions must be implemented on all aspects of the business. This is illustrated by the fact that the vast majority of container lines now stand firmly behind a net-zero target of, at the latest, 2050. Shipping has long been caught up in a chicken-and-egg situation. No investment in vessels that can sail on carbon-neutral fuels has meant no investment in the development of carbon-neutral fuels and vice versa. With this vicious cycle broken and new, carbon-neutral vessels expected to hit the waters starting in 2023, the market for green shipping fuels is opening up. Beginning in 2024, Maersk alone will need between 300,000 and 400,000 metric tons of carbon-neutral fuel for its new methanol ships. To sustain the newfound momentum, there are important regulatory components that must shape up. This past year has made it quite clear that the market is currently what drives developments in the area of decarbonization of shipping. Aside from the first investments in carbon-neutral vessels, this was most clearly demonstrated by a coalition of leading global retailers including