Allen & Overy Joins the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Today, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) and global law firm Allen & Overy formalized their collaboration by signing a partnership agreement. With this agreement, Allen & Overy becomes a Knowledge Partner to the Center, committing to a long-term strategic collaboration and contribution to decarbonizing the maritime industry.
Global warming is a climate emergency, and all sectors, including the maritime industry, must take immediate collective action to reduce emissions in line with the Paris Agreement 1.5°C trajectory. This will require unprecedented cooperation between the public and private sectors, among governments, citizens and NGOs – and among nations with different priorities. By establishing a partnership with Allen & Overy, the Center enhances its ability to develop and implement breakthrough decarbonization projects around the world by navigating a diverse and challenging regulatory landscape.
In welcoming Allen & Overy to the Center, Bo Cerup-Simonsen, CEO of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, said:
“Allen & Overy is a strong addition to our existing network of forward-leaning companies and public sector organizations in the shipping ecosystem. Allen & Overy has substantial and global experience in developing the business and contract structure for fuel supply chains. As we embark on the journey of introducing new low-emissions fuels to the maritime value chain, the perception and mitigation of risk to the value chain participants will change. Building on Allen & Overy’s deep experience, we will look to create transparency on risk and opportunity for stakeholders entering new markets.”
In joining the Center, Ian Ingram-Johnson, Co-Head of the Global Projects Group at Allen & Overy, said:
“We are delighted to partner with the Center and its partners in their impactful approach to decarbonizing the shipping sector. This work is of critical importance not only to the industry’s net zero ambitions, but also to the impact the Center and its partners will have on scope 3 supply chain emissions for every company that transports people and goods across our oceans. We are looking forward to collaboration with all of the industry’s stakeholders for a more sustainable future.”
About the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS) is an independent, not-for-profit research and development center established in 2020 with funding from the A.P. Møller Foundation. Our purpose is to guide and accelerate the decarbonization of the global maritime industry. This complex challenge requires unprecedented collaboration across sectors, industries, and geographies. Working with our partners, governments, authorities, public sector bodies, scientists, and organizations across the global maritime industry, we aim to inform, de-risk decision-making, and spark real climate action. We are technology-agnostic and have no vested interest in specific decarbonization solutions. We explore free of commercial considerations and independent of partner strategies.
As a result, we deliver independent analyses of how the transition is progressing and offer clear, data-driven recommendations for accelerating maritime decarbonization. Furthermore, we are maturing solutions to the most pressing problems across the maritime value chain, from fuels to onboard solutions, regulations, and financing. Strategic Partners to the Center include: Alfa Laval, American Bureau of Shipping, A.P. Moller - Maersk, bp, Cargill, CF Industries, Equinor, DP World, Hapag-Lloyd, MAN Energy Solutions, Mitsubishi Heavy Industries, Mitsui, NORDEN, NYK Line, Rio Tinto, Royal Caribbean Group, Seaspan Corporation, Siemens Energy, Stolt Tankers, Sumitomo Corporation, Swire Group, Topsoe, TotalEnergies and V.Group. For more information, please visit www.zerocarbonshipping.com
About Allen & Overy
Allen & Overy is a global law firm that helps the world’s leading businesses to grow, innovate and thrive. Our ambition is to assist our clients with both maximizing the opportunities that globalization presents and meeting the potential challenges. As our clients have sought new markets, so have we. Our team of about 5,500 people work together in a highly integrated manner to leverage their expertise and experience for our clients’ benefit. We foster creative, independent thinking within a collaborative culture and, as a result, our lawyers are involved in many of the most influential commercial ventures, and are known for providing our clients with transformative solutions to the toughest legal challenges.
A&O is at the forefront of the green shipping sector, with an extensive team of experts able to draw on global market-leading capabilities in energy and infrastructure project finance and development, asset finance, transportation, regulation, compliance and ESG to advise the industry front-runners on their pioneering decarbonization projects. Further information on A&O’s green shipping expertise is available here: www.allenovery.com/green-shipping.