Namely, the initiative is a collaboration by ABS, A.P. Møller - Mærsk, Cargill, MAN Energy Solutions, Mitsubishi Heavy Industries, NYK Lines and Siemens Energy.

For the center's development, A.P. Møller Foundation gave a start-up donation of DKK 400m.

With this donation, The A. P. Møller Foundation wishes to support the efforts to solve the climate issue in global shipping. My father, Mærsk Mc-Kinney Møller was a visionary leader in the global shipping industry for more than 7 decades.Therefore, I find it very natural that my Father’s name will be connected to the center.

....Chairman of the Board in the A.P. Møller Foundation, Ane Uggla noted.

What is more, the research center, which will be located in Copenhagen, Denmark goals to lead the way for decarbonizing shipping.

Additionally, participants will cooperate with the entire shipping sector with industry, academia and authorities.

The founding partners and the A.P. Møller Foundation share a long-term ambition to decarbonize the shipping industry. The establishment of the center is a quantum leap towards realizing that ambition. This joint initiative will fast-track the maturation of solutions and strengthen the basis for decision making among industry players and regulators and hence accelerate investments and implementation of new technologies.

...Søren Skou, CEO of A.P. Møller – Mærsk concluded.