Decarbonizing industry: Carbon pricing forces shipping giants to choose different fuels

Decarbonizing shipping relies on improving energy efficiency and upgrading vessel equipment. (Photo: Maersk)

The shipping industry, especially long-haul shipping, is classified as one of the hardest sectors to decarbonize, underscoring the importance of the International Maritime Organization's (IMO) carbon fee.

Under regulatory pressure, Maersk and MSC have pursued carbon reduction by switching fuels, acquiring new vessels, and improving energy efficiency. However, while Maersk focuses heavily on biofuels, MSC favors liquefied natural gas (LNG) and continues to explore carbon capture and storage (CCS) technologies, adopting a more diversified approach to emission cuts.