Hapag-Lloyd is on track to achieve its target of a 20% reduction in fuel consumption by 2020, when compared to a 2016 ceiling, according to its latest sustainability report.
Jörg Erdmann, senior director of sustainability management, at the carrier, noted that the improvement was due to efficiency measures as well as lowering specific emissions.
Like the rest of the shipping industry, the German company is also gearing up for the International Maritime Organization’s (IMO) global fuel regulation, which comes into force at the start of 2020, capping sulphur content in marine fuels from 3.5% to 0.5%.
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