MAERSK and CMA CGM are joining forces in several areas relating to decarbonisation.

In a joint statement, the companies said the collaboration would be “in full compliance with all laws and regulations”.

Specifically, both shipping lines will work more together to develop the use of alternative greener fuels for container vessel propulsion.

They will work to develop high standards for alternative sustainable, green fuels – including the analysis of full lifecycle and related greenhouse gasses – and helping to setting the framework of mass production of green methane and green methanol.

The two companies are also planning to work together to develop and maintain standards for operation of green methanol vessels with regards to safety and bunkering, as well as accelerating port readiness for bunkering and supply of bio/e-methanol at key ports around the world.

They said they would also continue to jointly explore jointly research and development on other components of achieving net zero as new alternative fuels, like ammonia, or innovation technology for ships.

CMA CGM chairman and CEO Rodolphe Saadé said the partnership is a milestone for the decarbonisation of the industry.

“By combining the know-how and the expertise of two shipping leaders, we will accelerate the development of new solutions and technologies, enabling our industry to reach its carbon dioxide reduction targets,” he said.

“We are looking forward to being joined by other companies.”

Maersk CEO Vincent Clerc said: “A.P. Moller – Maersk wants to accelerate the green transition in shipping and logistics and to do so, we need strong involvement from partners across the industry. We are pleased to have an ally in CMA CGM and it’s a testament that when we unite through determined efforts and partnerships, a tangible and optimistic path toward a sustainable future emerges”.