Maersk CEO’s View on Zero Carbon Fuel Target

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Shipping and logistics giant AP Moller-Maersk expects the shift to zero-carbon fuels roughly to double its bunker costs, says an article published in ship & bunker.

Soren Skou Comments

The firm spent $3.835 billion on its bunker consumption last year, down from $4.566 billion the previous year.

CEO Soren Skou expects “we have to spend maybe double that amount” once it is buying zero-carbon fuels, news agency the BBC cited him as saying on Friday.

The company’s average bunker price was $372/mt last year, implying it is expecting a price

in the area of $750/mt for zero-carbon fuels in VLSFO terms, at current prices.

The actual outright price would be lower than this per tonne, but the company would need to buy a greater tonnage of fuel to achieve the same effect because of the lower density of zero-carbon fuels.

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Source : Ship & Bunker

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