APM Terminals – a little gem hiding in plain sight
A ‘blankety blank’ cheque book and pen…
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
BA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING TGT: INVENTORY WATCHTGT: BIG EARNINGS MISSWMT: GENERAL MERCHANDISEWMT: AUTOMATIONWMT: MARGINS AND INVENTORYWMT: ECOMM LOSSESWMT: ECOMM BOOMWMT: RESILIENCEWMT: INVENTORY WATCH
Today, AP Moller-Maersk named its newest dual-fuel methanol vessel Alexandra Maersk at Felixstowe, the UK’s busiest container port. Alexandra Maersk will be deployed on an Asia-Europe service.
Alexandra Maersk is the sixth vessel in Maersk’s owned fleet able to sail on methanol in its main and auxiliary engines. It is the fifth ship in a series of 18 large dual-fuel methanol vessels scheduled for delivery this year and next. Each can carry more than 16,000 teu.
Following the tradition of naming Maersk vessels after members of the founding family, Alexandra Maersk is named after Alexandra Mærsk-Møller (1868-1953) who was an older sister of AP Møller, the founder of the Danish carrier.
Inside the vessel
The Loadstar was able to tour the vessel and get a glimpse of the seafarers way of life on board Alexandra Maersk, with such amenities as a swimming pool, gym, recreation room and cinema.
One seafarer noted that having access to these facilities made long trips away from home more enjoyable, whereas often conditions at sea can be uncomfortable.
The new methanol-enabled ships can reduce its greenhouse gas (GHG) emissions by 65-90% compared with conventional fossil fuels, depending on the feedstock and production process of the methanol, calculated on a lifecycle basis.
Maersk CEO Vincent Clerc said: “To accelerate the transformation, we need the International Maritime Organization’s help closing the price gap between green and fossil fuels to make the green choice the best choice for all.
“Last week’s IMO meeting on that matter was a step in the right direction, but much work remains in the coming months. We remain hopeful and continue to do all in our power to progress the green transition of shipping.”
See here what CMA CGM said this morning about methanol versus LNG
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