Maersk Oil Trading, METS, Mitsui and ABS Develop Methanol Bunkering Project in Singapore
Mitsui & Co., Ltd. ("Mitsui"), Mitsui & Co, Energy Trading Singapore Pte. Ltd.(“METS”), Maersk Oil Trading, a part of A.P Moller - Maersk (“MOT”) and American Bureau of Shipping (“ABS”) have agreed to jointly conduct a detailed feasibility study of methanol bunkering logistics in Singapore.
This joint project is in line with the International Maritime Organization’s (“IMO”) initial strategy to halve greenhouse gas (“GHG”) emissions within the shipping industry by 2050 compared to 2008 levels, which is also aligned with the direction of Maritime and Port Authority of Singapore (