Maersk Line Reaches 2020 CO2 Target

Press Release
Friday, January 25, 2013

Maersk Line announced that it reached its 2020 target of reducing CO2 emissions by 25% from its benchmark 2007 levels.
 

“We are proud to hit this mark 8 years ahead of schedule. It is confirmation we’re on the right track. And to keep that momentum we’re raising the target to a 40% reduction in CO2 by 2020,” says Morten Engelstoft, Chief Operating Officer, Maersk Line.



“Maersk Line’s focus on energy efficiency has made the company significantly more cost competitive. And by cutting our CO2 we’ve also lowered the CO2 emissions of our customers, thereby helping them meet their own CO2 targets,” says Engelstoft.



Benchmarking data makes it possible for all customers to compare their shipping suppliers based on CO2 performance. Maersk Line experts help customers implement such benchmarking schemes to make CO2 part of the buying decision.



“We see an increased environmental awareness among our customers, so when we improve our environmental performance, we also improve our customer relationships,” Engelstoft says.



It is estimated that shipping carries 90% of globally traded goods. While shipping is by far the most energy efficient way to transport cargo long distances, the contribution of CO2 to the atmosphere is 3-4% of the global annual total.


>br> “Maersk Line is an advocate for global regulation of CO2 for shipping. Cutting CO2 is a benefit for our business, not a threat to it,” says Engelstoft.


>br> “We reached this target largely from a combination of operational efficiency, network and voyage optimisation, slow steaming and technical innovation. We will hit the 40% target with more of the same,” he says.
 


“Other important factors will be the continued cooperation with our vessel leasing partners to retrofit their ships, and the arrival this year and next of the Triple-E vessels, which will be the largest and most energy efficient ships on the water.”

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

BHP Bullish on Caval Ridge's Prospects

Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

Keppel Logistics Expands in Australia

Keppel Logistics Pte Ltd, a wholly owned subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), has expanded its logistics capabilities down

Environmental

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

Hurricane Gonzalo Knocks out Bermuda Power

Power was knocked out to 80 percent of Bermuda's electricity grid due to Hurricane Gonzalo, the island's only power company, Bermuda Electric Light Co., said on Friday evening.

Can Oil & Gas Superpower Lead on Climate Change?

A day before President Barack Obama addressed the United Nations to declare the nation is "stepping up to the plate" to tackle climate change, nearly 400,000

Energy

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

BHP Bullish on Caval Ridge's Prospects

Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

Marine Power

USS Constitution Not to Set Sail Until 2018

The crew of USS Constitution embarked on their final Boston Harbor underway demonstration aboard Old Ironsides this year, Oct. 17. Constitution set out into

Swissco Extends Monohull Crewboat Fleet

Incat Crowther announced that Cheoy Lee has delivered a second pair of 36m Monohull Crewboats to Singapore-based operator Swissco Holdings. Swissco Spring and

GE Helps US Navy Improve Energy Efficiency

GE’s Power Conversion business was chosen by Naval Facilities Engineering Command (NAVFAC) to build a test system for a cleaner and more productive future in full

News

Autonomous Technology for Offshore Wind Farm

ASV Ltd in association with Planet Ocean Ltd, have received funding from the GROW:OffshoreWind initiative to investigate how the use of Autonomous Surface Vehicles

BHP Bullish on Caval Ridge's Prospects

Yesterday BHP Billiton Coal President, Dean Dalla Valle, was joined by the Hon. Tony Abbott MP, Prime Minister of Australia, and joint venture partner Mitsubishi in a ceremony to open the US$3.

India to Develop Iran's Chabahar Port

India will float a company to develop Iran's Chabahar Port, a government statement said on Saturday, as New Delhi aims to take advantage of a thaw in Tehran's relations with world powers.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3927 sec (3 req/sec)