Press Release: SEA-LNG, the multi-sector industry coalition established to demonstrate the benefits of the LNG pathway as a route to shipping’s decarbonisation, today welcomes MSC Mediterranean Shipping Company, the world-leading shipping company, as its latest member.
In recent years, MSC Mediterranean Shipping Company has made investments in LNG-fuelled vessels in the different sectors it operates within. In 2022 MSC saw its first five newbuilding dual-fuel LNG capable container vessels in operation. MSC is committed to maintaining a modern fleet that will advance progress towards net zero decarbonisation by replacing conventional fuel vessels with dual-fuel capable vessels in the short term, including those fuelled by LNG. In the cruise sector, the company has launched MSC World Europa and MSC Euribia, whose maiden voyage was powered by bio-LNG.
Bud Darr, Executive Vice President, Maritime Policy & Government Affairs MSC Group, said: “We are committed to catalysing the development, accessibility and uptake of net zero fuels and believe we have found another excellent partner to help continue to drive the industry in this direction. We look forward to working with SEA-LNG to further assess and collaborate on the exciting long-term prospects of bio-LNG, and particularly renewable synthetic LNG, as mainstream marine fuel molecules.
“In alignment with our net zero commitments by 2050, we view fossil-based LNG as a fuel in transition, and fully expect bio and renewable synthetic LNG to be a key part of our longer-term multi-fuel strategy for deploying net zero fuels.”
As the world’s largest ocean carrier, MSC endeavours to be a steward of the world’s oceans and has invested substantially in ship design, cutting-edge technologies and digital applications to improve energy efficiency. The company continues to focus on improving energy efficiency and is taking actions today to properly support meeting its target of complete net decarbonisation by 2050.
MSC is actively exploring a range of alternative fuels and propulsion solutions that will help the business move even closer towards net zero, and the vessel operator sees cross-industry collaboration as crucial to scaling these solutions for the maritime industry. MSC expects to operate its vessels on a range of fuel options in the future, particularly looking at those that might become available at scale within a small number of years. MSC is also an active partner and member of the Methane Abatement in Maritime Innovation Initiative (MAMII) and the Society for Gas as a Marine Fuel (SGMF).
Peter Keller, Chairman of SEA-LNG, commented: “As one of the world’s leading shipping companies, MSC’s decision to work with our coalition of companies across the LNG value chain demonstrates its confidence in the LNG pathway as a viable solution for flexibly advancing shipping along its decarbonization journey.”
Keller further emphasised the advantages of LNG, stating: “LNG is available at scale for deep sea shipping today. Existing LNG infrastructure can accommodate bio-LNG and renewable synthetic LNG as they become increasingly accessible, lowering investment barriers. Waiting is not an option; the LNG pathway offers immediate decarbonization benefits and a route to net-zero shipping.”
The SEA-LNG coalition spans the entire shipping value chain and remains committed to sharing and developing credible, fact-based analysis of the LNG pathway.