EMEA News
European Energy Supplies E-Methanol to Maersk Dual-Fuel Feeder Vessel
Container shipping company A.P. Moller - Maersk has bunkered its dual-fuel methanol feeder vessel with e-methanol supplied by Denmark-based renewable energy firm European Energy.
The 2,100 TEU feeder Laura Maersk received 1,000 mt of e-methanol produced at European Energy’s Kasso facility in Denmark, René Alcaraz Frederiksen, CEO of PtX at European Energy, said in a LinkedIn post on Wednesday.
The Kasso plant, which began operations last year, has a production capacity of 42,000 mt/year of e-methanol.
European Energy is among the suppliers with which Maersk has secured long-term offtake agreements to support its methanol-fuelled fleet. Under a 2021 agreement, Maersk committed to purchase 10,000 mt of e-methanol from the Kasso facility.
Maersk was an early mover in adopting methanol as a marine fuel and currently operates around 20 methanol-capable vessels. However, the company has more recently also placed multiple orders for LNG-fuelled container ships as part of its broader alternative fuels strategy.
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| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
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| Fujairah | 508.00 | 31.50 | 771.00 | 27.50 |
| EMEA Average | 519.00 | 13.00 | 802.50 | 22.00 |
| Global 20 Ports Average | 532.00 | 16.00 | 784.50 | 18.50 |
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| Global Average Bunker Price | 566.00 | 10.00 | 822.00 | 15.50 |
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