BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry

« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa

BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News

Maersk targets 60% CO2 emissions reduction by 2020

Boxship giant has already surpassed IMO's 2030 carbon intensity target after last year achieving a 43% reduction (since 2007).

Image credit: Kees Torn Flickr CC BY-SA 2.0

Updated on 18 Apr 2018 14:08 GMT

A.P. Moller - Maersk says that, by 2020, it aims to slash its CO2 emissions by 60 percent compared to a 2007 baseline.

The target was revealed by the boxship operator in an analysis of its performance in 2017, and is particularly relevant given last week's historic agreement at the International Maritime Organization's (IMO) 72nd Marine Environment Protection Committee (MEPC) meeting, which agreed to reduce shipping greenhouse gas (GHG) emissions by at least 50 percent on 2008 levels by 2050, with a strong emphasis on scaling up action to 100 percent by mid-century.

According to Maersk, by the end of 2017, it managed to achieve a reduction in CO2 emissions of 43 percent, which means that the shipping giant has already effectively surpassed the IMO's 40 percent carbon intensity target for 2030.


Looking ahead, Maersk says it aims to "contribute to the decarbonisation of logistics", which, it stresses, "will require measures beyond increased energy efficiency, e.g. innovation in alternative fuels".

"A.P. Moller - Maersk works to support sector-wide agreements that help ensure a level playing field, including increased regulation of greenhouse gas emissions from shipping through the International Maritime Organization. A.P. Moller - Maersk will also work to understand and act on climate change risks to the business," the Danish group stated.

Maersk, which operates the world's largest fleet of container ships and is the biggest bunker-buying shipowner, has developed a strategy to operate in compliance with the new sulphur threshold from 2020. It decided not to invest in the instalment of scrubbers on vessels (to enable the continued use of heavy fuel oil), and says it is in dialogue with refineries to secure a sufficient supply of compliant fuel by the time the global sulphur cap regulations come into force.


Maersk is keen to ensure that the upcoming 0.5% sulphur cap is properly enforced so that those companies that comply with regulations do not suffer economically as a result.

"Sub-par enforcement mechanisms may skew the playing field, leaving those complying with the new legislation at a disadvantage, as the price of compliant fuel is likely to exceed that of the heavy fuel oil currently in use.

"The lack of viable methods for enforcement will create an uneven playing field, punishing compliant shipowners financially. A.P. Moller - Maersk is exploring viable solutions to the enforcement challenges, both alone and as a board member of the Trident Alliance, an association of shipowners committed to the strong enforcement of the global cap.

"Current suggestions include making it illegal to buy fuel with a sulphur content higher than 0.5% for vessels without an approved technology for exhaust gas cleaning such as scrubbers," Maersk said.

Related Links:

Maersk Line recorded two incidents of sulphur non-compliance in 2017
Maersk Line spent $1.2bn more on bunkers in 2017; average price was highest since 2014
Maersk Line posts $336m profit swing despite spending $218m more on bunkers
IMO agrees historic deal to cut carbon in shipping sector

Latest News:

Arkas and Sumitomo ink Turkey LNG bunkering accord
MEPC 73: Coalition calls for 'urgency' to adopt CO2 reduction measures
Concept ship shows IMO CO2 reduction targets can be met: Project Forward
Oil and fuel oil hedging market update
Tallink signs LOI to build second LNG-fuelled ferry
Will Saudi Arabia be able to replace Iranian oil?
North Sea Port sees biggest LNG bunker delivery to date
Gaseous fuels 'the only way forward': MAN CSO
Fluxys and Novatek sign Rostock lease for LNG terminal, bunkering
ExxonMobil launches new Mobilgard lube for high-speed diesel engines
Oil market closed higher following API draw
Oil and fuel oil hedging market update

Page Links:

Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Las Palmas
New Orleans
Rio de Janeiro
Latest News
Middle East
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Fuel Quality
Lubes & Additives
Oil Spills
Port News
Services, Products, Technology
Statistics & Research
Contact & Terms
Contact Us
Terms & Conditions
Privacy Policy
Upcoming Events