Maersk Line saved $90m by increasing control of fuel consumption

Since 2009, Maersk Line has saved $90 million by introducing key performance indicators (KPI) to its fleet of owned ships. Now the project must be expanded to include all the ships belonging to the company. Maersk Tankers and Maersk Supply have already begun to adopt KPIs as well.

Photo: Maersk Line

So far Maersk Line has netted half a billion Danish kroner since 2009 when the company introduced a list of demands, four so-called key performance indicators (KPI), for the fleet of 240 owned ships. The four KPIs entail that every day every single ship must be measured by and meet specific demands, not least in the consumption of fuel, which is the largest single expense item onboard the ships.

By introducing a conscious energy efficiency policy, Maersk Line has used 160.000 fuel tons less in the three years that have constituted the first phase of the project.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Related articles

Latest news

See all jobs