Egypt to Cooperate with Maersk on Clean Bunker Fuels

Monday, September 19, 2022

Egypt's President Abdel Fattah al-Sisi has directed the government to cooperate with AP Moeller-Maersk to establish a network to produce and distribute green energy and clean fuels for ships, a presidency spokesperson said on Monday.

Maersk Chief Executive Soren Skou discussed with Sisi during their meeting a project to produce clean fuel for ships with investments of $15 billion, the statement added.

There were no immediate details on the mechanism of the cooperation.


(Reuters - Reporting by Moataz Mohamed; Editing by Jan Harvey)

Categories: Containerships Bunkering Alternative Fuels

Related Stories

Hanseatic Global Terminals Launches Latin America Expansion

As China's Economy Slows, So Too Does Dry Bulk Shipping

Global Shipping's Q3 Outlook Centers on Geopolitical Instability (again)

Current News

US Commerce Disorganization Stalls Thousands of Export Approvals

Russian Oil Vessels Forced to Divert From India Under US Sanctions

Hanseatic Global Terminals Launches Latin America Expansion

Two CK Hutchison-Operated Ports Near Panama Could See State Partnerships Take Over

Subscribe for Maritime Logistics Professional E‑News