Woodal Poul

Woodal Poul

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Environmental balance sheet: an alternative option for EU

Poul Woodall, DFDS, suggests an alternative way for EU to allocate funds to projects, such as TEN-T and CEF, based on assessment of their environmental performance rather than their financial expenditure. Mr Woodall calls it 'environmental balance sheet' and supports that it could be a major incentive for the partners of these projects to make them more efficient and valuable to society.

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Retrofitting a scrubber, a shipowner’ s experience

DFDS operates one of Europe's largest integrated shipping and logistics networks, offering comprehensive supply chain and shipping solutions to customers. DFDS is in the forefront of scrubber retrofit actually because we have some good background for doing that. We own a number of the ships we operate and therefore, we are able to control the long-term deployment and have knowledge of our activities inside the SECA. We have the money, and don't underestimate this because you'll find it very difficult to find financing for scrubbers, it does not really add to the value of a ship and financial institutions intend to like some kind of collateral, however your ship value will not increase. We also think that the scrubbers are better than MGO for the environment so we have a next top added benefit here. In the past, we installed the first system already back in 2009, we installed three more last year, we've also installed one already this year, we actually have two ships in dry dock right now to be installed with more scrubbers and in total this year we will do seven and will probably do another seven in 2015. We have set aside about 100 million...

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