Maersk Names 11th Dual-Fuel Methanol Vessel in Mumbai

03 Mar 2025 CW Team

India’s role in hosting this naming ceremony underscores its growing importance in green fuel production, with potential to become a key supplier of green methanol, ammonia, and hydrogen-based fuels. Maersk’s commitment to expanding green shipping aligns with India’s ambitions to become a global maritime leader.

Maersk plays a crucial role in India’s logistics sector, moving one in every six containers imported or exported from the country. Its operations include two APM Terminals in Mumbai and Pipavav, handling over three million containers annually, along with 26 warehouses and a distribution network covering more than 80% of India’s pin codes.

During the event, Maersk announced a $5 billion investment pipeline in Indian ports, terminals, and landside infrastructure, aiming to reduce logistics costs and improve supply chain efficiency. The company expressed readiness to develop low-emission ports to support India’s growing trade and manufacturing sectors.

Albert Maersk, built by Hyundai Heavy Industries in Ulsan, South Korea, can carry 16,592 standard containers (TEU) and is part of a series of 18 dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. These vessels are key to Maersk’s goal of achieving net-zero greenhouse gas emissions by 2040, with bio- and e-methanol reducing emissions by at least 65% compared to traditional bunker oil. Maersk continues to push for strong International Maritime Organisation (IMO) regulations to support a multi-fuel future and close the cost gap between fossil and alternative fuels.

(Maersk)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

A.P. Moller - Maersk named its latest dual-fuel methanol container vessel, Albert Maersk, in Mumbai during its maiden voyage to India. This marks the 11th vessel in Maersk’s fleet capable of running on methanol. The ceremony, hosted by Maersk CEO Vincent Clerc, was attended by Sarbananda Sonowal, Minister of Ports, Shipping and Waterways, Raksha Khadse, Minister of State for Youth Affairs and Sports, along with diplomats, government officials, and industry partners. India’s role in hosting this naming ceremony underscores its growing importance in green fuel production, with potential to become a key supplier of green methanol, ammonia, and hydrogen-based fuels. Maersk’s commitment to expanding green shipping aligns with India’s ambitions to become a global maritime leader. Maersk plays a crucial role in India’s logistics sector, moving one in every six containers imported or exported from the country. Its operations include two APM Terminals in Mumbai and Pipavav, handling over three million containers annually, along with 26 warehouses and a distribution network covering more than 80% of India’s pin codes. During the event, Maersk announced a $5 billion investment pipeline in Indian ports, terminals, and landside infrastructure, aiming to reduce logistics costs and improve supply chain efficiency. The company expressed readiness to develop low-emission ports to support India’s growing trade and manufacturing sectors. Albert Maersk, built by Hyundai Heavy Industries in Ulsan, South Korea, can carry 16,592 standard containers (TEU) and is part of a series of 18 dual-fuel methanol vessels scheduled for delivery in 2024 and 2025. These vessels are key to Maersk’s goal of achieving net-zero greenhouse gas emissions by 2040, with bio- and e-methanol reducing emissions by at least 65% compared to traditional bunker oil. Maersk continues to push for strong International Maritime Organisation (IMO) regulations to support a multi-fuel future and close the cost gap between fossil and alternative fuels. (Maersk)

Equipment

07 Jul 2026

Plant & Equipment Secures Funding to Expand Auction Business

Plant & Equipment (P&E), a global heavy equipment marketplace, has secured asset-backed financing to accelerate the growth of P&E Auctions, its auction business serving buyers and sellers across the Middle East, Africa and other international markets.The investment will be used to acquire physically inspected construction equipment, lifting machinery and commercial vehicles, enabling the company to provide minimum guarantees on assets sold through its auction platform.Launched in December 2023, P&E Auctions has expanded rapidly following the success of the company's online mark..

Equipment

07 Jul 2026

Michelin Opens Two New Retail Service Centres in North India

Michelin India has expanded its retail network in North India with the launch of two new Michelin Tyres & Services (MTS) stores in Amritsar and Panchkula. Opened in partnership with National Auto and Universal Tyres, respectively, the new outlets aim to strengthen the company's presence in one of India's fastest-growing automotive markets.Located on Loharka Road in Amritsar and in the Industrial Area of Panchkula, each 5,000-sq-ft facility offers Michelin's range of passenger car and two-wheeler tyres, including the Primacy, Pilot Sport, Latitude Sport and LTX Trail series. The centres als..

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..