EMEA News
Maersk Line Emissions Reduction Target will "Save a Lot of Money" Despite Difficulties in Reducing CO2
Maersk Line's drive to reduce emissions and fuel consumption will continue to save the box carrier "a lot of money" despite the difficulty of the task, Customs Today reports.
"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," said Kirsten Halsnæs, Professor in climate and economics at the Technical University of Denmark.
Maersk Line is understood to be aiming to reduce fuel consumption by 60 percent from 2007 levels by 2020.
It has already achieved 40 percent, according to the report.
Last year, Maersk Line saved DKK550 million ($80 million) in addition to the DKK4.3 billion ($624 million) it is said to have saved through fuel reduction measures in 2013.
"Meanwhile, there is more international trade, so it's very commendable that Maersk have set a target of reducing consumption by 60 percent," said Halsnæs.
"They will also save a lot of money doing so."
Last month, Maersk Line said "we want to be as energy-efficient as possible, limiting emissions as much as we can."
Last week, consultants Alix Partners said bunker savings will not be enough to fund adequate investment programmes for box shippers.
