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A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.

A.P. Moller-Maersk A/S is heading for a full-year profit that will match its combined results from the past nine years and make business history in its home country, Denmark.

A.P. Moller-Maersk A/S has agreed to buy a minority stake in a green-fuel startup backed by Warren Buffett, as the world’s largest container line latches on to new technologies to decarbonize its fleet.

A.P. Moller-Maersk has ordered eight new vessels, each costing $175 million, that can be propelled by cleanly made methanol instead of an oil-based fuel.

A.P. Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: There isn’t enough used cooking oil to make the biofuel that powers the vessels.

A.P. Moller-Maersk A/S, the world’s largest container line, raised its guidance for profit this year after freight rates soared as lockdowns led to a surge in spending on shipped goods.

Trafigura Group said the shipping industry’s regulator needs to act with “lightning speed” to cut carbon emissions from an industry that spews more C02 into the atmosphere each year than France and the U.K. combined.

The cost to move goods in a shipping container to Europe from Asia shot above $10,000 for the first time on record, an index showed, underscoring the pain inflicted on exporters and importers struggling with stretched supply chains.

The chairman of A.P. Moller-Maersk A/S, Jim Hagemann Snabe, said it is proving difficult to get enough women to apply for top management jobs at the world’s biggest container-shipping company.

A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter.