Tag: fuel consumption

An international energy consultancy launched the "Rapid pivot to gas" report highlighting that turning to gas will be the solution to deal with the increasing global energy demand. This assumption expects the phasing out of coal and oil in response to vehicle electrification and environmental pressures, along with a rapid and robust increase in renewable production.

Wärtsilä, technology group, along with a consortium with six more industry and academic partners, received an award funded by the EU for a project aimed at reducing fuel consumption and decreasing emission levels for the shipping industry.

Cognite collaborates with Petroleum Geo-Services (PGS) on a digitalization project, to optimize the performance of its fleet, the energy consumption, as well as the maintenance. To improve data driven insights and efficiency, the two partners launched two digitalization work streams aimed to strengthen PGS’s fleet performance.

A recent survey found out that the shipping industry sees a vast potential reduction in fuel consumption, while owners, managers, operators and charterers felt that on average, it was possible to reduce 28% of their fuel consumption – a figure that aligns with some recent studies on voyage optimisation.

Intra Mare announced that will provide its support to the GreenStream’s machine learning-based vessel performance optimisation software in Greece. Specifically, the machine platform will use all the available data to measure vessels' fuel consumption in order to boost their performance by saving fuel cost and reducing emissions.

After three years of stability, global CO2 emissions from fuel combustion started rising again in 2017, reaching 32.8 billion tons, according to data provided by IEA in late 2019. Provisional data show they grew even faster in 2018.

The additive chemistries found in traditional marine diesel cylinder lubricants may not suffice for the challenges of handling VLSFO blends, said US-based Lubrizol Corporation in a new white paper, after extensive research into new fuels. 

Drewry launched a new range of fuel advisory and management services, commenting that they are ‘designed exclusively for shippers and forwarders’, at a time when fuel quality and compliance play a crucial role in the shipping industry.

United European Car Carriers (UECC), jointly owned by NYK and Wallenius Lines, inked a deal for three generation pure car and truck carriers (PCTC) with China Ship Building Trading and Jiangnan Shipyard Group and secured green finance for the deal.

During a conference in Rotterdam, René Loozen, Consultancy Director at Insights Global stated that the upcoming IMO 2020 sulphur cap will boost the demand for more IMO 2020-compliant fuel, adding that the approaching regulation will lead to different dynamics in the bunker fuel and tank storage sectors.