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.

Read the whole article

Get 14 days free access.

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

Several factors explain the plummeting dry bulk rates

Dry bulk rates have taken an unusual dive at the beginning of 2022. Most recently, the Baltic Dry Index dipped by 4 percent Friday. Several factors have triggered a ”panic in the market,” an analyst explains to ShippingWatch.

Related articles

Latest news

See all jobs