BW Group and Miros created Miros Mocean, a joint venture to provide the shipping industry with a new standard in vessel performance optimisation.
Namely, BW Group and Miros aim to address the performance inefficiencies of the shipping industry by providing data accuracy into the operating conditions of a vessel.
According to the companies, the lack of reliable information on performance in actual operating conditions leads to highly variable performance data and built-in tolerances in the legal contracts between owners and charterers.
These factors contribute to lesser vessel performance, leading to more fuel oil consumption and CO2 emissions.
Commenting on the joint venture, Remi Eriksen, DNV Group President and CEO, says that international regulators and other key stakeholders have set clear and ambitious goals for emissions reductions, and for the industry to progress, reporting of emissions data will be important.
In addition, in order to be able to understand if an investment is truly optimising the performance of a vessel, weather must be taken into account, notes Christian Bonfils, Managing Director, BW Dry Cargo.
As he highlights, the technology Miros Mocean introduces 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% on a single voyage.