Taking Action on Operational Efficiency

January 24 2024

Improving the operational efficiency of voyages is a triple win: while reducing fuel use and operating expenditures, it reduces greenhouse gas emissions today and paves the way for the uptake of more expensive zero-emission fuels in the long run. Although many barriers to the large-scale uptake of operational efficiency measures still exist, the maritime sector is already making efforts to overcome them. Twenty-six companies submitted 73 operational efficiency measures across five action areas: data and transparency; contractual changes; pilot projects; ports, terminals and value chains; and culture and leadership.

Some key findings are:

  1. Action is being taken across the shipping industry, with shipowners, operators, charterers, commercial managers, ports, terminals, and service providers all implementing operational efficiency measures.
  2. There is a clear focus on collaboration across all action areas and sectors, with over one-third of all submitted actions involving two or more parties.
  3. Most action is being taken within the area of data and transparency and the least number of actions were submitted in the areas of ports, terminals, and value chains.
  4. While companies are taking concrete measures in the form of pilots, more pilots are needed. However, they require the implementation of
    measures across all action areas and a high level of collaboration.
  5. The actions shared in this report and the annexes need uptake throughout the industry and need to become standard practice in order to drastically reduce emissions this decade

Read full report here.

The views expressed in this Insight are those of the author alone and not necessarily those of the Global Maritime Forum. Excerpts may be published with reference to the Global Maritime Forum.