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

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Environmental

SCAA Supports International Oil Spill Conference

As the Voice of Spill Response Professionals, the Spill Control Association of America (SCAA) is supporting and assisting with the planning and coordination of IOSC 2014 on May 5-8 in Savannah, Ga.

Rolls-Royce Wins Heyerdahl Award

Rolls-Royce has been awarded the maritime Heyerdahl Award 2014. The award was presented by His Majesty King Harald at the Norwegian Shipowners’ Associations Annual Conference in Oslo March 31.

Marine Diesel Purification Breakthrough by SurePure

Liquid photopurification specialist company SurePure Inc. apprises of a breakthrough in the microbiological purification of contaminated marine diesel fuel, using

Energy

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Imperial: Decision on Canadian LNG Project Distant

Imperial Oil Ltd said on Thursday it is not yet close to deciding on whether it will go ahead with a Canadian liquefied natural gas export plant it is exploring

OSI to Integrate Software for UK Royal Navy

OSI Maritime Systems (OSI) announced the signing of a contract to integrate its flagship software, ECPINS-W Sub, into the U.K. Royal Navy’s T45 Destroyer Integrated Bridge System (IBS).

Marine Power

Rolls-Royce Wins Heyerdahl Award

Rolls-Royce has been awarded the maritime Heyerdahl Award 2014. The award was presented by His Majesty King Harald at the Norwegian Shipowners’ Associations Annual Conference in Oslo March 31.

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

Marine Diesel Purification Breakthrough by SurePure

Liquid photopurification specialist company SurePure Inc. apprises of a breakthrough in the microbiological purification of contaminated marine diesel fuel, using

News

Port Launches Emergency Landing Craft

Port of Long Beach officials welcomed a new addition to their small fleet of boats this week with the delivery of a refurbished and retrofitted landing craft that

Reps. Byrne and Palazzo Visit Ingalls Shipbuilding

Reps. Bradley Byrne, R-Ala., and Steven Palazzo, R-Miss., visited Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division Wednesday. The congressmen,

19th Century Shipwreck Found off Golden Gate Bridge

NOAA announced it has found the underwater wreck of the passenger steamer City of Chester, which sank in 1888 in a collision in dense fog near where the Golden Gate Bridge stands today.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1154 sec (9 req/sec)