Major shipping line and oil major agree to work together to wean maritime industry off fossil fuels.
Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Ltd. (Shell) have signed a collaboration agreement to work closely together to help speed up shipping’s transition to non-fossil fuels.
The two companies say they plan to develop a range of safe, sustainable and financially viable technologies that will reduce emissions from existing operations and help move the industry towards a net-zero emissions future.
Bud Darr, EVP Maritime Policy and Government Affairs, MSC Group, said: “MSC’s efforts to decarbonise include strong partnerships with a range of companies across the industry.
“This partnership with Shell is a great example of the type of commitment that is needed to catalyse low-carbon solutions for the shipping sector.”
Melissa Williams, President, Shell Marine, said: “Shell wants to play a central role in the transition to net zero. Partnering with our customers to develop new technologies and fuels will help accelerate progress.
“Combining MSC’s experience as one of the world’s largest shipping companies with Shell’s expertise as a global energy supplier will help bring about effective solutions for this vital part of the world economy.”