MSC and Shell sign collaboration agreement on decarbonising shipping

MSC Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Limited (Shell) have agreed to work closely together to help accelerate the decarbonisation of the global shipping sector. The long-term memorandum of understanding will help MSC and Shell to play enhanced roles in the energy transformation of shipping, as developers and early adopters of innovative technologies and fuel solutions.

The companies plan to develop a range of safe, sustainable and competitive technologies that can reduce emissions from existing assets and help to enable a net-zero emissions future for shipping.

Bud Darr, EVP Maritime Policy and Government Affairs, MSC Group, said: “MSC’s efforts to decarbonise include strong partnerships with a range of companies across the industry. This partnership with Shell is a great example of the type of commitment that is needed to catalyse low-carbon solutions for the shipping sector.

“To reach that ultimate goal of complete decarbonisation, we must look at a set of solutions. We need significant advances in research and development and fuel development. MSC welcomes partnerships like this with Shell that are designed to facilitate cross-sector information sharing and prove how collaboration is key in defining the best pathway to a net-zero future,” said Mr Darr.

Melissa Williams, President, Shell Marine, said: “Shell wants to play a central role in the transition to net zero. Partnering with our customers to develop new technologies and fuels will help accelerate progress. Combining MSC’s experience as one of the world’s largest shipping companies with Shell’s expertise as a global energy supplier will help bring about effective solutions for this vital part of the world economy.”