You’re Gonna Need a Greener Boat

Government does everything it can to make the cost of living more expensive and to create more of the poor.

Any company that sends goods across oceans (aka most of the big ones) is feeling pressure from consumers to give their supply chains a green paint job. Maersk said that more than half of its 200 largest customers, including Disney and Amazon, have pledged to reduce carbon emissions in their supply chains, or are in the process of doing so.

So while the new ships will cost 10%–15% above traditional prices, Maersk thinks that its customers will be willing to pay more to pollute less.”

Who do you think will pay for the increased costs?  Yup, the consumer.  Any wonder our economy is in trouble.

You’re Gonna Need a Greener Boat

The Morning Brew,  8/25/21     https://www.morningbrew.com/daily/issues/latest

Maersk, the world’s largest container shipping company, is placing a $1.4 billion order for eight new ships that run on carbon-neutral fuel. The move is the “single largest step taken so far to decarbonize the global shipping industry,” the Guardian wrote. Which is important, because those container ships photobombing your beach selfies are also major contributors to climate change: The sector accounts for nearly 3% of the world’s greenhouse gas emissions.  The new ships, which are expected to be delivered by 2024, are more electric F-150 than Nissan Leaf. With the ability to handle 16,000 containers, they’re only slightly smaller than the gigantic Ever Given, which was carrying 18,300 when it got stuck in the Suez Canal.   Big picture: Trying to power huge ships with an inexpensive clean energy source has been a challenge. Electric sounds inciting, until you learn that a large container ship would go through 10,000 Tesla S85 batteries…every day.  Maersk’s new ships run on carbon-neutral methanol, which is produced from renewable sources like biomass. Other lower-carbon fuel options include ammonia, hydrogen, liquefied natural gas, and nuclear energy, though each has pros and cons. Commodities trader Cargill is even adding sails to some of its cargo ships to get a wind boost.  This is about way more than shipping lines Any company that sends goods across oceans (aka most of the big ones) is feeling pressure from consumers to give their supply chains a green paint job. Maersk said that more than half of its 200 largest customers, including Disney and Amazon, have pledged to reduce carbon emissions in their supply chains, or are in the process of doing so. So while the new ships will cost 10%–15% above traditional prices, Maersk thinks that its customers will be willing to pay more to pollute less.