MSC Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Limited (Shell) have agreed to work closely together to help accelerate the decarbonization of the global shipping sector. The long-term memorandum of understanding will help MSC and Shell to play enhanced roles in the energy transformation of shipping, as developers and early adopters of innovative technologies and fuel solutions.
The companies plan to develop a range of safe, sustainable, and competitive technologies that can reduce emissions from existing assets and help to enable a net-zero emissions future for shipping.
Bud Darr, EVP Maritime Policy and Government Affairs, MSC Group, said: “MSC’s efforts to decarbonize 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 catalyze low-carbon solutions for the shipping sector.
“To reach that ultimate goal of complete decarbonization, we must look at a set of solutions. We need significant advances in research and development and fuel development. MSC welcomes partnerships like this with Shell that are designed to facilitate cross-sector information sharing and prove how collaboration is key in defining the best pathway to a net-zero future,” said Mr Darr.