Maritime

The key points are: • At lab level, Prometheus Fuels can produce alcohol using renewable energy, ambient air and water. The alcohol can be used as carbon neutral eFuel to propel our methanol container vessels. • Scaling the solution to meet the demands of the global shipping fleet is a huge challenge we can contribute to help them solve. • A.P. Moller - Maersk is exploring several fuel pathways to decarbonisation and expects several solutions to co-exist in the future. This investment supports our focus on actively accelerating the market for eMethanol. • Prometheus Fuels is considered a Unicorn, a venture capital industry term for a startup company with a value over USD 1 billion valuation. • Maersk Growth will get a board seat in the company. • American Airlines has already signed up to buy 10 million gallons of jet fuel.

Stakeholders warn of legislation’s unintended consequences and demand informed operational changes to address terminal congestion

A.P. Moller-Maersk A/S is now heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country Denmark.

Sudan’s state shipping company is considering a Chinese offer to revamp a fleet that’s shrunk to just one boat as the African nation targets a boost in exports to help salvage the economy.