AP Moller-Maersk and its zero-carbon shipping partners are setting up a research centre in honour of the group's long-serving chief executive and chairman.

Copenhagen's Maersk Mc-Kinney Moller Center for Zero Carbon Shipping will develop new fuel types and technologies to help move the industry towards its emission-reduction targets.

Shipowner Maersk is working with classification society ABS, charterer Cargill, engine maker MAN Energy Solutions, shipbuilder Mitsubishi Heavy Industries, giant Japanese shipping rival NYK Line and Siemens Energy.