Tag: fuel consumption

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.

The pilot project of the Swedish ferry company, Stena Line, using artificial intelligence (AI) technology in order to predict the most fuel-efficient way to operate a vessel is saving fuel on the company’s ships. In particular, the software, which is named Stena Fuel Pilot, is expected to be installed during autumn, on five more Stena Line vessels. Moreover, the company states that its ambition during 2020, is to promote the technology across its 37 vessels operating in Europe.

In light of the upcoming 2020 sulphur cap, the shipping industry is on the run of finding compliant low-sulphur fuels; Yet, some state that the demand for high sulphur fuel will not be extinct as those who will use scrubbers will continue making use of it.

Under a new agreement, Cargill will enter its Medium Range (MR) fleet into the existing Maersk Tankers MR pool, creating a new joint pool to increase the scope of their MR spot tanker business. The joint pool is expected to enable vessels to focus on fuel optimization and CO2 emissions reduction, as well as a digitalized approach to trading.