BW Group and Miros launch joint venture to optimise ship performance

BW Group and Miros launch joint venture to optimise ship performance

BW Group and Miros have launched a new joint venture to provide the shipping industry with a new standard in vessel performance optimisation.

The new venture, known as Miros Mocean, combines BW Group and Miros’ maritime expertise and radar technology to overcome some of shipping’s performance inefficiencies by providing unprecedented data accuracy into the operating conditions of a vessel.

A lack of reliable information on vessel performance in actual operating conditions has been found to lead to highly variable performance data[1] and built-in tolerances in the legal contracts between owners and charterers. This lack of precision in vessel speed control and lack of accurate weather data are the largest known factors contributing to suboptimal vessel performance, leading to excess fuel oil consumption and CO2 emissions.

BW Group’s own experience with Miros’ technology underpins the joint venture, with more than a year of cooperative development behind the offering.

“To be able to understand if an investment is truly optimising the performance of your vessel, you need to account for weather,” said Christian Bonfils, managing director, BW Dry Cargo. “The technology Miros Mocean introduces is what we at BW Group had been looking for. It gives access to accurate speed through water and weather data at the precise ship location and combined with fuel flow and main engine power meters we can quantify fuel savings of up to 10 per cent on a single voyage. It has also helped to change the legal contracts to actual performance instead of warranties, setting the standard for the future of this industry.”

Miros Mocean combines fuel oil consumption and main engine power measurements with real-time accurate environmental conditions at the vessel’s actual location. This allows vessel owners and operators to:

  • Make real-time decisions about the operation of vessels with the objective of saving fuel and reducing greenhouse gas emissions
  • Integrate highly accurate weather data into their existing vessel performance systems for further performance enhancements
  • Optimise charter party contracts by using the measured performance of a vessel rather than warranties

Miros Mocean provides real-time decision support for the enablement of performance optimisation, fuel savings, reduced carbon emissions and documentation of true weather conditions to remove uncertainty from claims. Miros Mocean’s vision is to give the shipping industry accurate and relevant performance data to optimise costs and create a transparent, collaborative, and greener shipping industry for the future.

In the video below, Christian Bonfils, managing director of BW Dry Cargo and Andreas Brekke explain more about this joint venture.

[1] International Transport Forum | Decarbonising Maritime Transport | Pathway to zero-carbon shipping by 2035, p57