Maersk Engages with Japanese Initiative for Advancing Green Methanol Bunkering

Maersk, in collaboration with the City of Yokohama and Mitsubishi Gas Chemical (MGC), has formalized a Memorandum of Understanding (MoU) to advance the development of green methanol bunkering infrastructure at the Port of Yokohama, Japan. The designated bunkering facility will be situated at APM Terminal's Minami-Honmoku container terminal.

This strategic agreement is specifically geared towards supporting Maersk's expanding fleet of 16,000 TEU (twenty-foot equivalent unit) green methanol-powered container vessels. As part of its commitment, Maersk plans to outfit 25 container vessels with dual-fuel engines capable of operating on green methanol, a sustainable alternative fuel.

The primary focus of the MoU entails a comprehensive examination of the operational feasibility and the development of essential port facilities dedicated to green methanol bunkering at the Port of Yokohama. APM Terminal's Minami-Honmoku container terminal has been identified as the optimal location for the bunkering facility, underlining its strategic significance in accommodating vessels with capabilities ranging from over 14,000 TEU up to 24,000 TEU. The terminal boasts an impressive annual handling capacity of approximately 2.4 million TEU.

Takeharu Yamanaka, the Mayor of Yokohama, emphasized the port's historical prominence, holding the record for the highest number of foreign vessel calls in Japan for nearly six decades. He highlighted the critical role Yokohama plays in maritime transportation, particularly in the context of fuel supply and bunkering for vessels. Yamanaka expressed optimism about the collaborative efforts of the three parties involved, envisioning Yokohama's leadership in establishing green shipping corridors in Japan. Additionally, he conveyed the city's intention to explore and invite like-minded partners to join the initiative, aligning with their commitment to promoting the use of green methanol.

Masashi Fujii, the President of Mitsubishi Gas Chemical, underscored the significance of establishing methanol as a ship fuel supply base in Japan. He emphasized that this initiative holds substantial importance for international maritime transport and contributes significantly to Japan's pursuit of carbon neutrality.

The choice of APM Terminals Minami-Honmoku container terminal as the site for the bunkering facility further solidifies its position as a crucial infrastructure hub in Japan. Its capability to handle vessels of varying sizes, including those exceeding 14,000 TEU up to 24,000 TEU, positions it as a pivotal element in facilitating the transition to green methanol-powered vessels. The terminal's substantial annual handling capacity adds to its appeal as a strategic location for catering to the increasing demands of sustainable shipping.

The Memorandum of Understanding signed by Maersk, the City of Yokohama, and Mitsubishi Gas Chemical signifies a concerted effort to advance green methanol bunkering infrastructure at the Port of Yokohama. The collaborative initiative not only supports Maersk's ambitious plans for green methanol-powered container vessels but also contributes to the broader objectives of promoting sustainable shipping practices and achieving carbon neutrality in Japan's maritime sector. The chosen location of APM Terminal's Minami-Honmoku container terminal further enhances the significance of this collaborative effort in shaping the future of eco-friendly maritime operations in the region.