Wednesday , October 28 2020
Breaking News
Home / Uncategorized / Danish Maersk’s fuel consumption policy saves 4.3 billion kroner in 2014
Danish Maersk’s fuel consumption policy saves 4.3 billion kroner in 2014

Danish Maersk’s fuel consumption policy saves 4.3 billion kroner in 2014

COPENHAGEN: The Danish oil and shipping giant aims to further reduce its fuel consumption by 60 percent, compared to 2007, by 2020.Thanks to larger ships, better planning and lower speeds (via slow-streaming), Maersk Line has reduced its fuel consumption by almost 40 percent since 2007.

In 2013 alone, Maersk saved about 4.3 billion kroner compared to the year before thanks to improved fuel consumption measures. In 2014, another 550 million kroner was shaved off fuel consumption expenses. About 90 percent of all goods are transported by ships and the industry makes up about 3 percent of the global CO2 emissions.

“The transport sector is one of the most difficult areas to reduce CO2 emissions because you can’t just replace fuel with wind or sun energy,” Kirsten Halsnæs, a professor in climate and economics at the Technical University of Denmark, said. “Meanwhile, there is more international trade, so it’s very commendable that they [Maersk] have set a target of reducing consumption by 60 percent. They will also save a lot of money doing so.”