Maersk has announced an investment into biomass research in a bis to reduce its bunker fuel consumption. According to the company, which has an annual fuel bill of $7bn, there has been no prior research into the possibility of using biomass in the shipping industry.

A.P. Moeller-Maersk A/S (MAERSKB), owner of the world's largest container-shipping company, plans to add more vessels to its Singapore base after making the city-state its biggest hub after the headquarters in Denmark.