What Maersk Line has done so far
For several years, Maersk Line has driven energy efficiency improvements across the company, in a bid to reduce CO2-emissions. Some of these include:
- Triple-E vessels were designed with efficiency in mind. With innovative design and advanced waste heat recovery system, CO2-efficiency has been improved by over 35% per container compared to the industry average on the Asia-Europe trade lane.
- The Global Voyage Centre in Mumbai monitors ships’ speed, fuel efficiency, weather conditions and other parameters 24 hours a day, 7 days a week. Huge amounts of data are stored and used to make critical business decisions on how to optimise fuel consumption.
- The ambitious retrofit program includes projects such as replacing the bulbous bow and lifting the bridge on certain vessel classes to boost capacity. Last year, Maersk Line decided to invest up to 1 billion USD over the next 5 years in vessel upgrades covering about 100 ships. These changes are expected to reduce the equivalent of 1 million tonnes of CO2, when fully implemented.
Climate change was the buzzword around Paris the last two weeks as over 100 world leaders and 40,000 delegates attended a landmark climate conference in the French capital.
The final agreement at the 21st annual occurrence of the Conference of Parties to the United Nation’s Convention on climate change, or COP21, concluded with a landmark agreement where 190 countries for the first time agreed to address their emissions and committed to keep global warming below 2 degrees with a view to limit it to 1,5 degrees. Before this agreement only developed countries were asked to address their emissions.
“This deal is a big step forward. Maersk has for a long period of time recognized the risks posed to our societies and our future business prospects by climate change, and supports that adequate measures are taken to ensure global warming stabilises below 2 degrees Celcius,” says Morten Engelstoft, the CEO of APM Shipping Services who is an appointed member of the UN’s High Level Advisory Group on Sustainable Transport.
Maersk has set a target to improve its CO2 efficiency across the Group by 30% by the end of 2020, from a 2010 baseline. By the end of last year, a 19% reduction has been achieved.
Level playing field
More than 80% of the Group’s emissions come from its container business and the Group has taken an industry leadership and showed that it is possible to decouple growth from CO2 emissions. With more than 90% of world trade transported by sea, shipping has a crucial role in creating growth and jobs in the global economy.
“Maritime shipping emits substantial amounts of CO2, but it is still the most efficient method of transporting goods over large distances,” Engelstoft says.
Looking forward to COP22
“We welcome a global deal despite our disappointment that shipping was not included in the final agreement. Maersk acknowledges the need to regulate the environmental impact of shipping and emphasises that any future regulation needs to be global, flag neutral and reward early movers. We are ready to compete in a level playing field, carbon constrained economy,” says John Kornerup Bang, Group Chief Advisor on Climate Change.