Maersk's climate transition plan

Our Ocean network execution aims to maximize efficiency across Gemini and the traditional Maersk network by planning vessel journeys and managing sailing speeds.

The new Gemini East-West trade network

• Built on a fundamentally different design using leaner, single-operator mainliner loops that nearly halves port calls per service compared to traditional networks
• Significantly reduces the number of stops a container makes from origin to destination
• Modular design creates buffers to absorb disruptions without consuming additional fuel; i.e. if a vessel is delayed at one port, it does not need to speed across the entire service string to recover
• Learn more about Gemini network here.

In terminals, Port Moves Per Hour (PMPH) is an important productivity measure of port call turnaround times. PMPH improvements allow vessels to maximise sailing times at lower speeds and to avoid too much speed variation, which consumes less fuel. APM Terminals hubs have boosted productivity by 14% over two years, cutting port stays by 15–20%.

Beyond physical assets, digital tools are also key network efficiency drivers:

• Star Connect AI-driven fleet energy efficiency platform lets us improve journey planning and managing vessels while sailing
• APM Terminals use AI solutions like Port Mirror—a digital twin for simulating operations and predicting congestion—and Berth Planner for vessel lineups and berth optimization.

Key efficiency dependencies

Maersk maintains strong control over its ocean network and APM Terminals, enabling independent and continuous efficiency improvements through operational excellence.

Asset efficiency includes the overall design, onboard energy efficiency optimisation, technology and composition of our fleet, including a mix of owned and time-chartered vessels, and the operational flexibility this provides in reducing GHG emissions while also meeting network demand.

Our ongoing fleet renewal strategy is another key factor for Maersk to ensure a gradual and continuous upgrade of our shipping capacity to dual-fuel vessels capable of sailing on lower emission fuels. During 2025, Maersk took delivery of 10 highly efficient dual-fuel methanol vessels, bringing our total fleet of dual fuel vessels to 19, with an additional six vessels scheduled for delivery in 2026. In addition to using lower emission fuels, the new vessels are more efficient in terms of fuel and energy consumption and replace less efficient older tonnage.

Efficiency retrofits of Maersk's own and time-chartered vessels

Maersk continues investing in energy efficiency retrofits for its vessels, including changing propellers, adding pre-swirl devices that improve propulsive efficiency of the vessel, and replacing bulbous bows designed to match vessels actual operations, hence minimising waves generated by vessels and lowering fuel consumption. Other retrofit initiatives include technologies that either minimise vessels required auxiliary energy demand or improve cost of producing energy. As an example auxiliary engine waste heat recovery systems which allow steam production from auxiliary engine heat, installation of shaft generator systems contributing to significant fuel savings.

• In 2025, Maersk completed 425+ retrofit projects on 230 of its owned vessels.
• Time Charter (TC) engagement has proven more impactful to our asset decarbonisation efforts than initially expected, in 2025 we rolled out a large-scale efficiency programme for our time-chartered fleet and completed more than 215 retrofit initiatives on 150 TC vessels during the year.
• We will also take delivery of 8 highly efficient dual-fuel TC vessels in 2026.

Onboard energy and voyage optimisation

Another key driver for vessel efficiency is Maersk’s ongoing work to reduce fuel consumption from onboard energy production and to optimise voyages for both safety and energy efficiency. During 2025, new features were added to our suite of vessel performance products and sea, and shore colleagues have delivered strong progress in our focus areas of improving main engine specific fuel oil consumption, reducing the load of vessel operational activities (e.g. pumps, ventilation, heating/cooling, lights and auxiliary systems), and boosting the level of utilization of onboard fuel saving technologies like waste-heat-recovery systems and shaft generators.

Our key asset efficiency dependencies

We rely on our TC owners for operating our 397 (per 31 December 2025) chartered vessels with fuel efficiencies in mind. With the current scaling of our fleet renewal programme we will have more of our TC fleet sailing on dual-fuel vessels from 2027 and onwards.

At Maersk, we pursue a multi-fuel and technology pathway approach, and during 2025, we continued to expand and execute our fuel portfolio strategy. With high uncertainty in the lower GHG emission fuels market, we recognize the need to keep expanding our portfolio while preserving a fuel-agnostic strategy to ensure continued relevance.

We will continue our approach for fuel testing, including exploring the use of ethanol, and in the longer term we expect our portfolio will also include other fuels and technologies such as ammonia.

• In 2025, Maersk signed an initial framework fuel supply agreement with UK-based Avenir Marine Limited to deliver liquified biomethane, a lower GHG emission fuel also known as bio-LNG. The first volumes are expected in 2027 in alignment with the first dual-fuel liquified gas vessels entering Maersk’s time-charted fleet.
• Trials onboard the Laura Mærsk took place in 2025 with e-methanol fuel blends mixed with 10% and 50% ethanol, to create flexibility for customers with different abatement cost sensitivities.
• In 2026, Maersk will receive the first volumes of bio- and e-methanol from our 2023 landmark offtake agreement with Goldwind in China as the facility nears commercial production.

Our key fuel shift dependencies

Adoption of a global framework via the IMO. The availability and flexibility of lower GHG emission fuel blends that are allowed in different regional markets is a second external dependency.

The importance of global regulation

Our transition plan is significantly dependent on the regulatory landscape, especially our ability to shift to lower GHG emission fuels. At an extraordinary session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee in October 2025, member states decided to postpone a vote on the Net Zero Framework until later in 2026.

This signature regulatory framework – the first of its kind in any sector - would lay the foundation for closing the price gap between lower GHG emission fuels and fossil-based fuels. The decision represents a loss of momentum in addressing climate change in the ocean supply chains that deliver 80% of the world’s goods. At the same time, the continued negotiations indicate that a majority of IMO member states back global regulation. Maersk will continue contributing its technical and industry expertise to these ongoing discussions throughout 2026, with the hope of reaching a positive vote later in the year, while we also continue working to understand the implications of the delay to our transition plan.

GHG emissions from our Terminal and Logistics & Services operations are not as significant in scale as our Ocean GHG emissions, however electrification of terminal, warehousing, and land transportation activities are key levers that contribute to our science-based targets as part of our energy transition plan and commitment to decarbonizing our end-to-end operations.

For APM Terminals, the main levers for reducing GHG emissions are:

• The switch from fossil-fueled equipment to electric container handling equipment, targeting scope 1 emissions. In 2025, our focus was on broader deployment of Battery Electric Container Handling Equipment based on previous pilots. We also opened the new-build Rijeka Gateway terminal in Croatia, which is fully powered by renewable electricity and run almost entirely with electric equipment.
• Enabling a reliable supply of renewable energy for our terminals, targeting scope 2 emissions. In 2025, approx. 62% of APM Terminals’ electricity was powered through renewable sources, up from 46% in 2024. This lever is dependent on our ability to secure Power Purchase Agreements from local grid operators.
• The deployment of shore-to-ship power solutions for vessels at berth to reduce GHG emissions from auxiliary engines is a new lever with more development planned in 2026. It has significant dependencies on local ports and utilities.

Key dependencies for the electrification of terminals

Electrifying terminal equipment is dependent on standardisation and technical maturity, which drives cost parity and therefore scale. The ability to operate electric equipment is dependent on the stability and reliability of the local grid infrastructure, which may require investments to ensure sufficient capacity and back up in case of outages.

Terminals are dependent on the availability of renewable electricity from local grid operators to reach its renewable energy targets. Many terminals are located in areas where renewable energy markets are not mature.

In Logistics & Services, the main levers for reducing GHG emissions are:

• The electrification of landside road and rail transit, which is highly dependent on local partners to add capacity and develop local low emission offerings, as well as charging infrastructure.  In 2025 we deployed electric truck solutions and charging infrastructure in Germany and Vietnam.
• Improvements in the energy efficiency of our land-side facilities including warehouses and distribution centres. In 2025, Maersk opened a new Mega Distribution Centre in Malaysia and omni-channel fulfillment centre in Lin-gang, Shanghai which both incorporate solutions for energy efficiency, water conservation, and include solar panel rooftops, smart LED lighting and rainwater harvesting.

Key dependencies for the electrification of Logistics & Services activities

For Logistics & Services, our ‘asset light’ approach to trucking and rail places a high dependence on local partners to add capacity and develop local low emission offerings.

In many locations, Maersk leases logistics facility space or does not operate the buildings. Therefore, we are dependent on building/property owners and facility management companies to make efficiency investments.

In our landside logistics business, we continued working with our business partners to provide low emission transport and customer emission visibility in 2025. The two main customer value drivers are to get reliable and as low emitting transport as possible; and to have emission visibility for their own reporting.

Energy shifts of our business partners is a key lever in Maersk’s transition plan to reduce our scope 3 emissions. As Maersk follows an ‘asset light’ approach to road transportation investments, we are highly reliant on local partners to add lower emission landside transport. The current ecosystem is diverse and scattered, however the industry is approaching a tipping point and the business case for local partners to invest in EV assets is improving and is expected to drive adoption at scale in the coming years.

• In Latin America, Maersk partnered with local transportation provider to introduce electric trucks into its service offerings in 2025, including 24–ton capacity cargo trucks with a range of 220km-300km per charge. These electric trucks are supported by 100% renewable energy charging stations, and designed for urban, interurban, and port routes.
• In the Czech Republic, we continued expanding our electric truck offerings together with local partners, deploying several vehicles for Škoda Auto a.s.. The trucks have a range of 500+ km on a single charge, and demonstrate that technology is now at a stage where EVs can be deployed without daily operational impact.
• Maersk partnered with the Smart Freight Center in 2025 and contributed to its Fleet Electrification Coalition, designed to use aggregated demand to speed up the transition to electric trucks at scale. Maersk is also supporting a Smart Freight Center pilot to create a long-haul EV truck corridor along the key trade route between Los Angeles, California and El Paso, Texas, and has published a guide for suppliers on how to implement EV trucking solutions including planning, process, and risk and cost avoidance.
• Maersk supported and co-created, with Smart Freight Center, an EV Deployment Guideline for sharing with SME truckers, based on our learnings in early EV technology investment and deployments.

The key dependencies of partner energy shifts

The business case for the electrification of partner roadside transport is dependent on three interrelated factors:

• Cost parity vs. traditional fossil fuel transport, which lowers costs and thereby creates demand certainty.
• Demand certainty lowers investment risks, which catalyses grid capacity and charging infrastructure investments, which in turn drives cost parity.
• Legislation, which plays a key role in setting ambitious but firm medium to long term emission reduction targets that will act as guiding directive for demand certainty leading to cost parity, which in turn will enable investments into scaling across the ecosystem from vehicle cost to grid capacity and public charging infrastructure.