Good Morning. This is the Investor Lookout with the daily digest.

Here’s what we got today:

• 🚢 Maersk's New Methanol Ship Sets Sail

• 🌎 Chip Equipment Stocks Rally on Softer China Sanctions News

Maersk's New Methanol Ship Sets Sail

This ship has sailed — straight into a sustainable future. Shipping giant Maersk ($MAERSK) revealed its new dual-fuel methanol ship in Singapore this Thursday, the A.P. Møller. The vessel can run on both methanol and traditional marine fuels, saving up to 280 tons of CO2 daily. The company's Asia Pacific President, Ditlev Blicher, said the A.P. Møller is the ninth dual-fuel vessel out of an order of 25 planned to be built by 2027. The new ships are vital to Maersk's goal of reaching net-zero emissions by 2040. 

• Replacing 12 "normal vessels" with large dual-fuel methanol vessels could save 1.5 million metric tons of CO2, almost double the emissions of Copenhagen

• 170 dual-fuel methanol ships are currently being built by the entire sector

Chip Equipment Stocks Rally on Softer China Sanctions News

The great chip war might be cooling down. Semiconductor equipment companies saw their shares surge after a Bloomberg report by an unnamed source that the upcoming US restrictions on China's semiconductor industry might be less severe than expected. ASML ($ASML) increased 2.9% in afternoon trade in Europe, while Tokyo Electron ($JP:8035) ended 6.7% higher in Japan. The revised approach could exclude major players like ChangXin Memory Technologies from the export blacklist, but the timing and contents of the decision are uncertain.

• Analysts at Jefferies said ASML's predicted 30% decline in China revenue next year could be less than expected

• The report suggests that further sanctions would target Chinese semiconductor manufacturing equipment firms rather than the factories that produce the chips

Markets

China warns of 'necessary actions' if US escalates chip curbs. China warned on Thursday that it would retaliate against US companies if the Biden administration imposed new export restrictions targeting up to 200 Chinese chipmakers. [Read]

China plans to restrict exports of a critical metal. But the market isn't that worried. China will start limiting exports of tungsten, a critical metal used in weapons and semiconductors, this weekend. However, alternatives are available. [Read]

Russian central bank intervenes as rouble tumbles past 110 to the dollar. Russia's central bank said it would stop foreign currency purchases in order to ease pressure on the financial markets. [Read]

Business

Krishnan to Leave Andreessen, Talks With Musk on Future Role. Sriram Krishnan, a general partner at venture capital firm Andreessen Horowitz, is departing and has discussed potentially joining Elon Musk's Department of Government Efficiency. 

A timeline of Mark Zuckerberg's history with Trump. President-elect Donald Trump and Meta ($META) CEO Mark Zuckerberg might be cooling their feud after they shared a Thanksgiving eve meal at Mar-a-Lago. [Read]

Musk's Starlink ordered to cease operations in Namibia. The Communications Regulatory Authority of Namibia has issued a cease-and-desist order to satellite internet provider Starlink for operating in the country without a license. [Read]

Don't Borrow Money To Invest. "Every time you borrow money, you're robbing your future self." — Nathan W. Morris

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.