Tag: Fuel Savings

Sailing on sustainability: the comeback of wind power?
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Sailing on sustainability: the comeback of wind power?

As the shipping industry ramps up efforts to decarbonise, initial sea trials onboard a Maersk tanker fitted with Norsepower Rotor Sails indicate that wind power has the potential to play a significant role in a low carbon ocean transport system. Early results from a sea trial onboard the 109,647 DWT Maersk Pelican fitted with two...

The future of bunker hedging
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The future of bunker hedging

Ishaan Hemnani, co-founder of BunkerEx gives his opinion on bunker hedging and why most small to mid-sized shipping companies choose not to hedge their bunker exposure despite increased market pressures caused by the virus. Last week the CEO of a large bunker trader wrote a great piece about how small and mid-sized shipping companies are not...

Datum Electronics launches AI-enabled condition monitoring tech
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Datum Electronics launches AI-enabled condition monitoring tech

Datum Electronics has announced a new AI-based advanced condition monitoring technology for fuel efficiency and preventative maintenance. The new AI-enabled condition monitoring technology is the result of years of collaboration with Innovate UK & the University of Strathclyde on gathering data, running algorithms and profiling diesel generators, as well as many months of design, development...

KOTC retrofits four ships with Wärtsilä Fuel Efficiency Boost
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KOTC retrofits four ships with Wärtsilä Fuel Efficiency Boost

Four vessels owned by Kuwait Oil Tanker Company (KOTC), a subsidiary of Kuwait Petroleum Company (KPC), will have their main engines retrofitted with Wärtsilä’s Fuel Efficiency Boost solution. The modification will reduce fuel consumption and reduce the environmental impact by lowering greenhouse gas (GHG) emissions. The order with Wärtsilä was placed in the first quarter...

Time charter rate and vessel speed balanced by bunker procurement tool
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Time charter rate and vessel speed balanced by bunker procurement tool

Danish start-up Bunker Metric has rolled out new functionality under its bunker procurement optimisation tool, BunkerPlanner, to assist vessel operators in reducing costs under any market combination of time charter (TC) rate and bunker prices. BunkerPlanner calculates attractive bunker port calls that can be induced on a voyage in relation to the costs of bunkers,...

Swedish start-up explains the three phases of voyage optimisation
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Swedish start-up explains the three phases of voyage optimisation

Swedish start-up Lean Marine says that optimising a ship’s voyage and thereby improving fuel efficiency can be maximised by breaking down its operation into three key phases.  These phases include a planning phase, an execution phase, and post-voyage phase. By looking at the various elements of a ship’s performance in three separate phases, a better...

Windship testing confirms at least 30 per per cent annual fuel savings
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Windship testing confirms at least 30 per per cent annual fuel savings

Industry experts, prospective clients in the shipping, commodities and petrochemical sectors together with UK government officials attended the Mitchell – Wolfson Unit Wind Tunnel at the University of Southampton to view the testing of the most recent Windship Technology model in February 2020. The wind tunnel test findings further validated the results of the latest...

Proactive measures needed to improve hull performance, says Jotun Marine manager
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Proactive measures needed to improve hull performance, says Jotun Marine manager

Hull and propeller performance have a much larger impact on vessel efficiency than previously thought, says Jotun Marine analyst manager Manolis Levantis. According to Mr Levantis, “We estimate that the average yearly speed loss for all vessel types and trades, regardless of what anti-fouling is used, is about six percent. For a typical bulk carrier,...

Shippers believe 28 per cent cut in fuel consumption possible
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Shippers believe 28 per cent cut in fuel consumption possible

A survey has found that shipping sees a vast potential reduction in fuel consumption. Responding to a survey by NAPA and BLUE Insight, owners, managers, operators and charterers felt that on average, it was possible to reduce 28 per cent of their fuel consumption – a figure that that aligns with some recent studies on...

Four techs to optimise fuel consumption
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Four techs to optimise fuel consumption

As 2020 gets underway, shipping companies are looking to keep their voyages as fuel efficient and cost efficient as possible to remain at a competitive advantage. In this week’s spotlight, VPO Global highlights four technologies that are helping shipping companies to optimise fuel consumption. SCHOTTEL Rudder ECOPeller German technology company SCHOTTEL offers the Rudder EcoPeller,...

Kongsberg launches performance application for Vessel Insight users
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Kongsberg launches performance application for Vessel Insight users

Shipowners and operators using Kongsberg’s Vessel Insight platform can now improve performance and reporting, and reduce fuel and energy consumption through the company’s new application Vessel Performance. The Vessel Performance application collects contextualised data from the ship using Kongsberg’s data infrastructure solution, Vessel Insight. The data is used to generate real-time value for users, with...