According to the company, the latest decrease brings the total reduction between 2008 and 2020 to 28.7%, as calculated by the Energy Efficiency Operational Indicator.

This puts Maersk Product Tankers on track to meet its 30 percent reduction goal by 2021.

According to Maersk, the digital solution Optimise by ZeroNorth was one of the critical solutions in the process of improving its environmental efficiency.

Optimise employs complex technologies to assist operators in optimizing bunker spend while lowering CO2 emissions and rising sales.

As previously stated, the solution was implemented around the fleet, and 1,500 tramp shipping vessels have pledged to use it.

In 2020, Maersk Product Tankers made a record net profit of $ 160.7 million. Despite a significant effect of the coronavirus on the tanker industry, the results show a significant improvement from last year's $92.4 million net profit.

In particular, a decrease in demand for oil products in the first half of the year boosted demand for storage, resulting in freight rates skyrocketing.

Optimise uses new technology to help operators save money on bunkering while lowering CO2 emissions and increasing sales.

The solution has been applied throughout the fleet, and 1,500 tramp shipping vessels have promised to use it.

Maersk Product Tankers recorded a record net profit of $ 160.7 million in 2020. Despite the coronavirus's considerable impact on the tanker industry, the results show a significant increase over last year's net profit of $92.4 million.

A drop in demand for oil products in the first half of the year, in particular, boosted demand for storage, causing freight rates to skyrocket.

Maritime Business World