Environmentally Friendly Shipping Helps to Reduce Freight Costs


The shipping sector has potential to gain profit by reducing carbon dioxide emissions.

Recent research shows that shipping companies and ports can achieve cost savings by, for example, investing in digital route planning or equipping vessels with solar panels.

Improved ship utilization rates and investments in environmentally sustainable technologies for enhanced energy efficiency would significantly reduce carbon dioxide emissions within navigation. A recent study carried out in the Laboratory of Industrial Management at Åbo Akademi University also indicates that such measures would contribute to lowering of freight costs.

The results were obtained by combining emission abatement analysis and investment calculation.

“Through operational and technological measures it is possible to reduce both emissions and freight costs. Moreover, if the same cargo volume can be shipped using less fuel, the shipping companies will gain major savings in terms of fuel costs”, explains Research Director Magnus Gustafsson from the Laboratory of Industrial Management at Åbo Akademi University.

Continue reading at Abo Akademi University

Image via Pixabay, CC0 Creative Commons