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SPECIAL REPORT: European <strong>Logistics</strong> Update to Rotterdam, with most of it—600,000 tons—coming from North America. According to Bioenergy Insight, export of wood pellets from North America to Europe reached a record level of two million tons in 2011—three times the 2008 gure. In Europe, the Netherlands, Belgium, and the UK are the biggest importers. e energy sector in the Netherlands burns about 10 percent biomass in coal- red power plants, while a new policy for the use of biomass in power plants still needs to be established in the Netherlands. Ocean carriers on course Cost cutting and restructuring plans are part of the strategy for almost all leading European carriers. However, investments in acquisitions and sustainability are also on their agenda, as the following examples clearly illustrate. Maersk: AP Moller-Maersk’s ve- 86S <strong>September</strong> <strong>2012</strong> • <strong>Logistics</strong> <strong>Management</strong> year plan of focusing on four core strategic businesses is starting to pay o , according to the company’s CEO Nils S. Andersen. Because the strategy was launched in August of last year, the Group invested more than $12 billion in its four core businesses. “ e strategy and the attention to the four core strategic businesses has brought encouraging results,” says Anderson. “Basically, Maersk Oil and APM Terminals are ahead of schedule and Maersk Drilling is progressing according to schedule. Of course, the development in container freight rates and pro tability for Maersk Line has disappointed us, but we have taken a step back, initiated a restructuring plan, and are working to get freight rates back to sustainable levels.” In 2008, Maersk Line streamlined its organization and increased its focus on the market. In 2009, costs were cut by two billion dollars, increasing competitiveness POH-<strong>Logistics</strong><strong>Management</strong>_178 x 117 (European Ports) 16.08.11 12:34 Seite 1 and leading to record results in 2010. Hamburg Süd: Despite cost cuts, Germany’s carrier Hamburg Süd is going ahead with its commitment to environmental protection. e shipping group recently announced that it’s aiming to reduce the carbon dioxide equivalent (CO2e) emissions of its owned and chartered container vessels by 26 percent per unit of transport capacity by 2020. Besides carbon dioxide, the unit of measurement CO2e takes account of other climate gases (e.g., methane) produced in the combustion process in line with their e ect on the climate. To reach this ambitious target, Hamburg Süd is taking a variety of measures, such as investing in the energy e ciency of owned ships, increasing average vessel size, and chartering energy-e cient ships, accompanied by an improved and comprehensive environmental information system.