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Maersk Beats 2020 Carbon Goal

Maersk Line has reached, eight years early, its target of reducing CO2 emissions by 25 percent from 2007 levels. The shipping company has now increased its 2020 goal to a 40 percent reduction.

The company says increased operational efficiency, network and voyage optimization, slow steaming and technical innovation helped it reach its CO2 target early, and will also help it achieve its new 40 percent reduction goal.

Additionally, Maersk Line COO Morten Engelstoft says the company will continue working with its vessel leasing partners to retrofit their ships, and will begin using Triple-E ships this year. These will be the world’s largest and most energy-efficient ships, according to Engelstoft, emitting 50 percent less emissions than the industry average.

Maritime shipping carries an estimated 90 percent of globally traded goods, Engelstoft says. While shipping is the most energy-efficient way to transport cargo, shipping emissions contribute 3 to 4 percent of the global annual CO2 total.

Cutting its own CO2 has made the company more cost-competitive because it has helped Maersk Line customers reduce their emissions, Engelstoft says.

Maersk Line, along with Cargill, DNV, Unilever, Wärtsilä and other major companies, is a member of the Sustainable Shipping Initiative, a global coalition of 20 companies that have pledged to improve the industry’s environmental impacts through a broad range of goals, including reducing greenhouse gas emissions. The company was also among the first to join the Port of Los Angeles’ Environmental Ship Index, an international clean air incentives program that rewards ocean carriers for bringing their newest and cleanest vessels to port.

In late 2012, Maersk Line became the first shipping company to receive global certification from the American Bureau of Shipping for energy management. ABS requirements for energy management are based on the ISO 50001 international standard.

The company saved almost $90 million in energy costs over three years by measuring the performance of individual vessels, Maersk Line announced in July 2012.

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