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

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

“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 consumption of oil for transportation is one of the top contributors to the emissions that cause climate change and Maersk, the world’s largest container shipping company, faces the challenge of ensuring an adequate supply of alternative fuel.

source: Marinelink