High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Wallenius Wilhelmsen Logistics (WWL) this week released a series of metrics highlighting its environmental activities for the year 2010. The metrics show a number improvements made through various company initiatives and policies including the use of low-sulphur fuel while at sea, and berth, and a focus on more fuel-efficient design and equipment for new buildings and retrofits.
Among the companies finding, WWL says they have managed to cut its CO2 emissions by 21% for the year, compared to 2009, as a result of improved utilization and reduced daily fuel consumption. The company also reported that, for the 7th year in a row, they have kept the average sulphur content of bunker fuel below its goal of 1.5%. WWL also says 6 vessels have been equipped with Ballast Water treatment systems ahead of pending regulations.
Additional environmental activity metrics from WWL can be found HERE.
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