Shipping Company Energy Management Introduction

Energy management includes planning and operation of corporate activities including all aspects of a company’s production, transport and service aspects with the main aim of reducing the energy use. The wider objectives of energy management are resource conservation, environmental (mainly climate global warming) protection and cost savings, while ensuring the security of supply of energy. As such, energy management is closely linked to environmental management, production management, logistics and other related business functions. Within this context, energy management may be referred to as “the proactive, organized and systematic coordination of a company’s (and its ships) use of energy to meet the requirements, taking into account environmental and economic objectives”. Reduced fuel consumption is part of a two-prong strategy of reducing GHG emissions from shipping as well as reducing fuel cost to shipping companies; thus it is a win-win strategy for environment and business profitability (MariEMS 2017).