Ninety percent by volume and eighty-five percent by value of all world’s goods travel by sea. There are 114,000 commercial-scale vessels across the globe. The number of cargo-carrying ships is expected to double by 2040. Cargo transit accounts for 50% of the world’s low-grade fossil fuel consumption. Fuel costs are rising and are a challenge for maritime transit. As fuel costs for ocean transport have risen over the years, we want to provide you with the most cost-effective solution.

Parker Maritime Technology Efficiency Solutions can reduce fuel consumption by 10 to 22%. Given that half the operating cost on a larger container ship is the fuel cost, this can amount to millions of dollars in savings.