The device is the latest in an array of technologies shipping companies are using to cope with rising fuel costs as the International Maritime Organization implements rules to reducing pollution at sea. The IMO, which sets standards for the shipping industry, is targeting a 30% improvement in energy efficiency in the global fleet. Also in Logistics… Denmark’s A.P. Moeller-Maersk A/S, one of the world’s largest operators of ocean vessels, this year said it would install nearly 100-foot-tall cylinders that harness wind power on some of its tankers. The technology could cut 6% of a ship’s fuel use under certain conditions. The marine unit of Britain’s Rolls-Royce Holdings PLC also has considered working on sails for ships, although currently the business is focused more on other technologies, such as battery energy storage. Airbus tested a smaller version of the sail last year before deciding to install the device on its […]