To accelerate the maritime decarbonization journey, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) is teaming up with Maersk Broker Advisory Services and McKinsey & Company to offer data-based advisory services on decarbonization pathways.
The service called ‘Fleet Decarbonization Optimizer’ combines industry knowledge and techno-economic analytical capabilities across the three parties and together they model decarbonization pathways taking data points like fleet size, fleet age, vessel specifics and types of operations into consideration.
While the ambition to decarbonize the maritime industry by 2050 calls for immediate action, uncertainty around future fuels and technologies, lack of global standards and regulation and limited visibility on timelines makes the investment case challenging. The goal of this collaboration is to reduce the risk of fleet decarbonization by advising on:
- Retrofits of energy efficiency technologies to reduce future emissions and energy demand
- Retirement schedule of legacy vessels for continued fleet optimization
- Newbuilds incl. proposed alternative fuels / propulsion
Maersk Broker Advisory Services and McKinsey & Company announced the partnership in July 2021 and since then the Center has participated in a pilot project to validate the concept and collaboration model.
Based on the positive result of the pilot the three parties have now formalized the agreement and will start offering the services in the market immediately.
The partnership with Maersk Broker Advisory Services and McKinsey can help accelerate the transition by offering bespoke, data-based advice on viable ways forward
stated Bo Cerup-Simonsen, CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping.
In addition, Anders Hald, CEO of Maersk Broker, mentioned that the industry has to decarbonize but most companies are hesitant to initiate a transition due to the considerable uncertainty on what the future holds.
For this reason, he believes that “the combined knowledge put into the Fleet Decarbonization Optimizer brings forward the best available data to the industry so companies can make well-informed investment decisions and navigate the uncertainty.”
The partnership with Maersk Broker Advisory Services and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping on the Fleet Decarbonization Optimizer brings the best of our three organizations together to help the shipping industry understand what it will take to decarbonize in the most cost-optimal way
concluded Matt Stone, Partner of McKinsey & Company.
