Hafnia Tankers, the product tanker arm of BW Group, is aiming to reduce greenhouse gas (GHG) emissions from its owned fleet in line with the IMO targets.

The company — whose shares are listed on Norway’s over-the-counter market — has been seeking to improve fuel efficiency of its vessels via technical and operational measures this year, working with external partners in some cases, according to chief executive Mikael Skov.

This is in response to the climate efforts of the IMO, which has aimed to reduce carbon intensity of international shipping by 40% before 2030 from the 2008 level and total GHG emissions by 50% before 2050.