Shipping
Maersk’s $10m waste heat recovery systems pay for themselves within fi ve to ten years and help to reduce fuel consumption by 9%
33
BIG THINKING The capacity of a Triple-E vessel, 18,000 TEU, will set a new world record. Maersk line continues to break its own records and sets new standards for the shipping industry
fi rm’s $190m Triple-E vessels has been fi tted with a $10m waste heat recovery system. It is a big outlay, but the technology will pay for itself within fi ve to ten years and help to reduce fuel consumption by about 9%. “Our investments are not about pure philanthropy. The cost agenda and CO2
agenda go hand in
hand if you have a long-term perspective,” he says.
The structure of the shipping industry is a major stumbling block in unlocking fi nance. Much like the building sector, with landlords and tenants working to competing agendas, ship owners, operators and charterers lack the incentive to improve the fuel effi ciency because costs are usually passed from owner to charterer and then on to the eventual buyer of the shipped goods. “Even though retrofi tting a building saves money, the landlord doesn’t do it because it’s the tenant that is going to get the lower fuel bills. And the tenant doesn’t because it’s not his building,” says Peter Boyd, COO of the CWR. “It’s the same in shipping,” he continues.
“Around 70% of the fuel in the shipping industry is paid for by the shipper, not the ship owner. If I’m a ship owner, why would I fi t all the bells and whistles onto my ship if somebody else is going to benefi t?” It is a problem that must be overcome,
says Sterling, whose company both owns and charters vessels. “We need to see a
2006. Emma Maersk Class 15,500 TEU
diff erent kind of relationship between owners and charterers,” he says. Maersk is currently exploring the potential for retrofi tting technologies onto ships it doesn’t own. “We are looking into how we can share the cost, because when the lease ends, the value sits with the owner, so both parties have a shared interest.”
2013. Triple-E Maersk Class 18,000 TEU
Wave of the future Ever-increasing fuel prices are driving pockets of action. Future regulation of emissions from
the sector – directed either by the UN or the International Maritime Organization (IMO) – will provide further incentive to invest in energy- saving technologies. The IMO’s incoming ship energy-effi ciency
management plans (SEEMP) will provide the industry with a technical toolkit for running their businesses more effi ciently. Boyd is optimistic that the tide has
1997. Sovereign Maersk class 8,100 TEU
to turn. “We need to be sympathetic to the market failures in shipping but not
1996. Regina Maersk class 7,100 TEU
sympathetic to the overall amount of profi table investment available,” he concludes. “This is not about climate change solutions that need big government handouts. If we can get the market right, people will be chasing money and solving the problem both at the same time.”||||
if you have a long-term perspective” JACOB STERLING, HEAD OF CLIMATE AND ENVIRONMENT AT MAERSK
“Our investments are not about pure philanthropy. The cost agenda and CO2
agenda go hand in hand
WWW.CARBONWARROOM.COM
ISSUE 02. JUNE 2011
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68