Maersk has embarked on an ambitious program to retrofit approximately 200 vessels in its time-chartered fleet, collaborating with 50 different shipowners to improve fuel efficiency and increase cargo capacity while reducing greenhouse gas emissions. The investment costs are being shared between Maersk and vessel owners. “Our medium- and long-term chartered fleet makes up a significant proportion of our operations as well as of our total fuel consumption. The retrofitting program includes significant vessel configuration changes, with common modifications including replacement of propellers and bulbous bows. At Maersk, we can reduce both emissions and fuel costs, while the owners get the long-term value of a modernised vessel,” said Hassan.