Maersk wants to save billions on bunker
SHIPPING: Fuel is the single largest annual cost for Maersk Line. As the company aims return to profitability, slashing the fleet’s fuel consumption comes with a multi-billion dollar incentive.
“Controlling and reducing our bunker cost will play a critical role in getting Maersk Line back to profitability”, says Søren Andersen, Head of Vessel Management for Maersk Line.
“We’ve made some big leaps in our efficiency over the past five years, and we have to continue that progress. The initiatives we’ve planned for the next two years will enable us to reduce our consumption quite a bit further”.
Maersk Line is aiming at a 22% reduction by 2014. To reach the target, Maersk Line is focusing on five areas: the design of the global vessel network; sailing efficiency; time charter partnerships; design- and technology-related retrofittings and better vessel portfolio planning.
“With these initiatives we can reach the 22% before 2014. Unfortunately, efficiency improvements only get harder with each year, so we have to keep pushing operational and technical boundaries to get there, but we must move even further”, says Niels Bruus, head of energy efficiency for Maersk Line.
Source: Maersk Line