Japanese shipping major Kawasaki Kisen Kaisha (K Line) has suffered its second serious hacking incident of the year, a further example of how shipping is becoming an increasingly popular target for cyber criminals.

K Line stated today that there had been an unauthorised access to overseas subsidiary systems, and that the stolen information and data has been published recently.

K Line officials have yet to reply to questions sent by Splash earlier today on the specifics of the attack.

“We have already confirmed the security and safety of the systems, and there is no indication that the unauthorized access continues,” K Line stressed today.

The Tokyo-headquartered shipping giant was hit by a malicious cyber attack in March.

“Cyber-attacks have become extremely diverse in recent years, and local responses and product introductions alone are not sufficient for complete protection, and there are increasing cases where information leaks due to unauthorized access and system outages due to virus infections have a significant impact on corporate activities,” K Line states on the risk management section of its website, going on to point out it has acquired a cyber security management system (CSMS) certification from Nippon Kaiji Kyokai (ClassNK).

Last month, Splash reported how South Korea’s largest shipping line, HMM, was hit by a cyber attack.

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K Line apologises for second hacking incident this year


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As pieces of the varied strands of the Ever Given saga are now being sorted the high-profile grounding in the Suez Canal could turn out to be the largest General Average claim in history.

Barry Parker | Jul 01, 2021

It was one of the points raised at the latest event from New York Maritime (NYMAR) this one held virtually, which offered informative collection of insights blending the legal, insurance and commercial realism of the Ever Given casualty. Moderated by veteran lawyer Keith Heard the webinar covered what happened in the casualty in late March, its immediate aftermath, and likely future consequences that may unfold.

Opening speaker Jim Shirley, with first-hand salvage experience complemented by an extensive legal career, with Haight Gardner and then Holland & Knight, detailed the actual grounding on 23 March and subsequent salvage activity that saw the vessel freed six days later.

Offering general comments, the New York representative of the Skuld P&I Club, Nikolai Ivanov, provided an insurance focused presentation, covering Hull & Machinery, P&I and Cargo insurance.

Ivanov referred to a 2004 grounding of a tanker in the Suez Canal, and said, “Since then, the insurance issues have metastasized.” When discussing General Average (GA), which would be apportioned between hull and cargo interests, he suggested that Ever Given would be: “the largest GA casualty in history”. He added: “With these larger and larger containerships,  it is causing massive headaches in how cargo claims and General Average is going to be dealt with.”

P&I insurance could likely also enter into the mix, certainly where claims for delays are lodged against the vessel owners, but also concerning the “Salvage Bonus”- a big issue here. Maritime lawyers should be happy, Ivanov suggested: “You can see the ripple effect of all these claims; this is litigation that’s probably going to put our grand-kids through college….It’s a soup of different interconnected claims, many of them directed towards the P& I Clubs.”

One of NYMAR’s great strengths is its ability to bring in commercial considerations, and, here it did not disappoint. Brian Nemeth, a logistics veteran working with Alix Partners offered a view that, while the grounding incident and subsequent delays to several hundred other vessels transpired over 11 days, “the ripple effects are still be felt today….here we are three months later, it’s still having an extreme impact on international trade.”

He cited record high rates for moving containers, congestion that has now reached into northern European ports, with port calls now being cut, and historically low schedule reliability as shipping’s latest debacles have come on the heels of last year’s Covid 19 disruptions.

This time around, demand has been exceeding supply- the opposite of the historical dynamic of oversupply; Nemeth said that ordering of vessels had now accelerated- with the orderbook stretching out well into 2023 deliveries.  He talked about how the cargo side is, alluding briefly to the rumored vessel charter by Home Depot – not mentioned by name, referred to only as “one of America’s largest retailers’).

“People are getting creative with solutions to try to get control of their supply chains.” But his bottom line to the audience at the conclusion of his lengthy presentation was that: “Disruption is here to stay.”

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https://www.seatrade-maritime.com/finance-insurance/ever-given-reflections-largest-general-average-case-history


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A Maersk branded container being moved by a crane.
Maersk said the situation at the Port of Yantian is looking up as congestion eases, although delays remain at Yantian and neighbouring ports.

Gary Howard | Jul 02, 2021

Maersk reported that yard density at Yantian had fallen to 65% and productivity had risen to 85%, with waiting times down to half a day. Neighbouring Shekou had yard density at 100% and delays of 3.5 days, Nansha yard density was 78% and wait times were four days and Hong Kong yard density was 93% with three-day waits, according to Maersk’s latest numbers.

“This is first and foremost a health concern for the people of South China and our first thoughts and efforts are with the people affected by this wave of COVID including our many colleagues, customers and suppliers who live and work in that part of the world,” said Ahmed Bashir, Head of Global Execution Centre, Maersk.

Bashir said there was no doubt that the slowdown at Yantian as workers were sent home to quarantine been a challenge for the industry.

“I’m glad to report that the situation in Yantian has improved a lot over the last 10 days or so and we’ve begun the process of repatriating services and we expect that to be complete in the next two to three weeks,” said Bashir.

Managing the transition will need to be done carefully to avoid creating fresh bottlenecks in supply chains, said Bashir. Maersk has previously stated that 19 of its mainline services were hit by the Yantian congestion, and it released an updated plan for its services over the coming weeks.

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https://www.seatrade-maritime.com/maritime-videos-podcasts/podcast-maritime-minutes-1


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Container freight rates are continuing to rise to record levels due to ongoing disruption to global supply chains.

Marcus Hand | Jul 02, 2021

The Drewry World Container Index (WCI) increased 4.2% over the last week to an average of $8,399.09 per feu. Meanwhile the Shanghai Containerized Freight Index (SCFI) rose 119.14 points over the last week to 3905.14.

The level of the Drewry WCI was 346% higher than the same week in 2020, and the average for WCI this year stand at $5,643 per feu, some $3,628 higher than the five-year average of $2,015 per feu.

The recent disruption at Yantian port in South China due to a Covid outbreak have helped to drive already extremely high container freight rates to new record levels. While operations at Yantian International Container Terminal (YICT) have now returned to normal the impact through the container shipping supply chain will be felt for weeks if not months to come.

According to Drewry the rate on Shanghai – Rotterdam increased $228 over the last week to reach $12,203 per feu. The $12,203 per feu level is 567% higher year-on-year. On the backhaul on the transpacific Los Angeles – Shanghai soared 23% or $243 to reach $1,284 per feu.

Drewry said it expects rates to remain steady in the coming week.

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https://www.seatrade-maritime.com/containers/container-freight-rates-346-year


Evolution of maritime smart shipping strategies

Over the last few months, the topic of smart shipping and the various purposes of maritime IoT has been receiving increased media attention. A key point to remember is these terms mean different things to different people within the shipping ecosystem, writes Joshua Flood, senior research consultant at Valour Consultancy.

I will attempt to shed some light upon these….the uses of smart shipping technology for a shipowner, to a charterer, a ship manager, or an operator will vary significantly. One is primarily maintaining the asset’s value and utilisation as best as possible, another may to simply enable the vessel to reach its destination as quick and cost effectively, or another to maintain optimal performance of vessel operations.

Companies providing solutions will vary in their approach to each segment and how they convey their solutions. Software control of major marine equipment has been with us for over 30 years and with the capacity of microchips and memory increasing so has the sophistication and proliferation of that control so much so that, beyond the galley kitchen, it is rare to find some aspect or equipment of modern ships that is not monitored and/or controlled by a microprocessor. Connecting these to a shore-based intelligence (artificial or otherwise) is a sensible step.

Within maritime digital application vendors, the race is wide open, and how companies target potential customer group differs. One notable observation, from myself, is that everyone seems to be focused on the merchant market and the time to build up a critical mass of dominance in this area will lengthy.

Solutions within the maritime connectivity service provider market are also building and we are seeing some clear frontrunners, particularly Inmarsat and KVH Industries.

However, what some people may not realise is the strength, and clever strategies deployed by marine OEMs. In this piece, I wanted to give a clear overview of the key players in this part of the ecosystem.

In the case of marine OEMs, these firms have quickly envisage the potential for connected vessels with new operations of innovation or cost savings, and adjusted their businesses accordingly.

This has been a case from moving CAPEX business models for machinery to SaaS model for value added services or service included within the purchase of equipment.

This means the owners of the connectivity solution onboard the vessel need to allocate or allow some capacity for equipment machineries.

Recently, I interviewed Wärtsilä in regards to Fleet Operations Solution for voyage planning and fleet performance management.

The firm offers an entry point to an element of its smart shipping service with Navi-Planner which incorporates a modular approach; the first being “tracking and awareness”. In some cases, no upfront payments are required for installing a module onboard. Obviously to fully utilise the Warstila’s smart shipping solutions, radar and bridge sensors are necessary.

The primary object of the tool is allow an operator or charterer to understand their fleets in real-time, see planned routes, contingent deviations and forecast vessel/fleet schedules. Connectivity is key and VSAT, and even MSS connectivity needs sufficient bandwidth for use. Interestingly, Wärtsilä is offering customers the connectivity capabilities (like a service provider) as part of its fleet operation solutions, however, how many vessels they’ve equipped as a service provider is unknown. My guess is less than 500 but more than 100. (However, I should add this is only a portion of Wärtsilä’s smart shipping portfolio, and customers brought from the Eniram acquisition, vessel traffic services and others means Wärtsilä has a hefty number of vessel subscriptions.)

Monthly fees for Navi-Planner increase with additional modules of compliance reporting, voyage and ports and also hull-monitoring and engine supervision are included. The compliance and reporting module is particularly useful for charterers, hull and engine module for ship owners to extoll the productivity of their asset and voyage and ports solution for any companies looking to augment their logistics capabilities.

While Wärtsilä has been pushing focused services of a vessel’s functionality, ABB, with its ABB Ability solution has been gathering pace. In another interview with Antto Shemeikka, Vice President Digital Services, ABB Marine & Ports, the division of ABB. He referred to the firm advancing its remote diagnostics capabilities significantly over the last 18 months. The practicality of this feature during the ongoing pandemic has highlighted tenfold and places great value upon the solution.

Moreover, ABB also launched its Genix Industrial Analytics and AI suite to aid in decision making. Within Abilities, the firm believes Genix has the potential to help its customers save up to 10 percent fuel, cutting costs and reducing emissions. A good example is a vessel consumes 50 tons of fuel per day. By deploying this solution, the vessel operator can save 5 tons of fuel per day, probably cutting overall operating costs by a similar portion. To boost matters further, over a ten day period, the operator will cut 50 tons of CO2 emissions.

Additionally, maintenance savings utilising condition-based monitoring and early identification of potential malfunctions improve vessel uptime and reduce essential service visits to vessels by as much as 30 percent, Antto informed me.

ABB has refrained from getting too involved in whether the vessel has connectivity, and providing this if not. It is unclear why the company has chosen not to get too involved in this area as connectivity is vital for its solutions. Valour’s take is in the case of Wärtsilä, that decision was probably thrust upon them. Wärtsilä has a significant market in after-sales. Its primary products aregreat big heavy marine diesel engines which need regular overhauls. Most ships won’t have the crew numbers for this activity so will call in a Wärtsilä team or one of the licensed providers to strip the engines. Many of these ships are older models and, in order to increase that side of their business, they will have offered extended warranty provided the ship engines can report into a Wärtsilä base, so it was in their commercial interest to hook up with a connectivity supplier. ABB are electrical and electronic so after-sales is a minimal part of their business. Distribution and control systems are rarely overhauled.

Nevertheless, this has not stopped ABB from introducing new services such as the OCTOPUS suite. Initially, introduced for ROV (surface and aerial) in the offshore wind sector, a project named ALTANTIS, to reduce working times on site and consequently vessel waiting time. This is particularly useful during rough sea conditions or other adverse weather conditions.

The application of this service can be used for cruise vendors to help avoid excessively rough weather or in the offshore oil and gas industry for rigs and floating offshore units, also while carrying out heavy lifts offshore. Indeed, OCTOPUS is also be being used for container vessels in regards to wave forecasts and looking to minimise accelerations at container locations. In short, the service anticipates the forecast wave movements and automatically places cargo in the best positions and loads across the vessel to deal with the predicted waves during the voyage. In the case of a container, or many, falling off (the WSC estimates that there were on average a total of 1,382 containers lost at sea each year) or cargo being damaged, the costs can be high.

This technology can also be applied for real time decision whilst making for heavy lifts or during voyages and operations to increase effectiveness and safety of those operations. ABB estimates that the system is currently utilised by around 90 per cent of the semi-submersible heavy lift ships in operation worldwide.

By the end of 2021, Valour Consultancy anticipates more than 60,000 smart shipping subscriptions will be sold by marine OEMs, representing a hefty chunk of changes, nearly $235 million globally. More increasingly, we foresee monthly subscription rates increasing over the next two to three years.

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https://thedigitalship.com/news/maritime-software/item/7387-evolution-of-maritime-smart-shipping-strategies


Kongsberg delivers multiple simulators to Tolani Maritime Institute

Kongsberg Digital (KDI) has delivered multiple simulators to Tolani Education Foundation in Mumbai, India. Students and instructors at the Tolani Maritime Institute will benefit from comprehensive Engine Room, Cargo and Navigation simulator training solutions under one roof.

This delivery, which will be carried out over the coming months, sees KDI satisfying the terms of four separate but linked contracts. A Full Mission K-Sim Navigation Class A Bridge Simulator with projectors forms the core of the solution; this will be augmented and integrated with the desktop software for an Engine Room Simulator and Cargo Handling Simulator, which host two and three simulation models respectively. The fourth contract stipulation will see this software covered for eight years under KONGSBERG’s LTSSP (Long-Term System Support Program) agreement.

Each scalable simulator uses cutting-edge functionality to provide a lifelike, immersive user experience for maritime cadets. K-Sim Navigation’s industry-leading hydrodynamic models and highly advanced physical engine operate in tandem with a high-fidelity visual system to build students’ competence in their interactions with navigation equipment, other vessels, objects and weather conditions. Instructors, meanwhile, can easily construct, record and assess exercises with a simple, intuitive drag-and-drop interface.

Similarly, K-Sim Cargo familiarises trainees with all components of a vessel’s cargo system, incorporating aspects such as the planning and execution of multiple loading and discharge operations, while K-Sim Engine accommodates basic and advanced training of marine engineers in every eventuality in the complex behavior of an engine room. All K-Sim models are certified by DNV GL and exceed existing STCW requirements.

The LTSSP lifecycle management package will provide on-call scheduled support and annual software updates for the new simulators, designed to keep them at optimum performance during their lifecycle.

“We’re very pleased to have Kongsberg Digital bringing the latest maritime simulation technology to our campus, and to be assured of their ongoing future support through the LTSSP agreement,” said Dr. Sujata Naik, chairperson, Tolani Group. “These simulator solutions represent the most efficient and forward-thinking products of their kind on the market. This will ensure that the simulation-based training at Tolani Maritime Institute will be of the highest global standard. We envision that in the future a significant part of Maritime Training and Evaluation will be required to be carried out on such simulators; Tolani Maritime Institute will already be fully geared for this.”

“It’s very gratifying that Tolani turned to us for a futuristic, world-class solution that would bring different types of simulator models together at a single location, and have additionally opted to collaborate with us going forward through the LTSSP,” said Andreas Jagtøyen, executive vice president digital ocean, Kongsberg Digital. “India is one of the major providers of seafarers for the world’s shipping industry and this multi simulator contract represents a holistic training approach, which we expect to see more in future.”

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https://thedigitalship.com/news/maritime-satellite-communications/item/7389-cobham-launches-new-class-a-vhf-radio


SAILOR 7222 VHF DSC Class A is reliable, highly resilient, and easy to operate on any vessel type in any situation, delivering clear communications that could make the difference between a non-event and a major incident on board. The radio exceeds the standards set by IMO regulations for GMDSS Class A VHF, the new Bridge Alert Management IMO resolution MSC.302(87) coming into force 29 August 2021, as well as IEC 62923-1 & IEC 62923-2. It comes with a new and innovative user-friendly 5.5” TFT touch-screen interface that further streamlines workflows, optimising operational safety and efficiency. This new feature is critical as it ensures the display can be read day or night regardless of the light conditions on the bridge.

SAILOR 7222 VHF DSC Class A also benefits from an extended replay feature, which builds on a longstanding unique selling point of the SAILOR range to offer users playbacks of up to 480 seconds. This enables simple and fast message verification at any time. The radio’s powerful VHF transceiver design ensures vessels have a powerful and reliable connection during critical situations and in all conditions at sea.

Niels Peter Agdal, director – radio, safety & tracking at Cobham SATCOM, said: “We’re proud to bring SAILOR 7222 VHF DSC Class A to the market to support professional mariners on all vessel types, in all conditions. The new radio builds our established technology leadership in the commercial marine and fishing markets, which has already seen Cobham SATCOM successfully install thousands of VHF radios across all vessel types during the last 60 years. With IMO pushing the safety standards in the sector ever higher to offer greater protection to seafarers and ships, we believe SAILOR 7222 VHF DSC Class A will play a critical role in offering safe, reliable and timely compliance with the new regulations, including the updated BAM guidance coming into force in August 2021.”

SAILOR 7222 VHF DSC Class A is quick and easy to install as a standalone device, or as a core component of a SAILOR GMDSS console. Advanced networking functionality also significantly reduces the installation and service burden, when deployed as part of a fully compliant solution, with other compatible SAILOR products, including mini-C, MF/HF, NAVTEX, Portable VHF and AIS.

 

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https://thedigitalship.com/news/maritime-satellite-communications/item/7389-cobham-launches-new-class-a-vhf-radio


Tanker Calypso validates Selektope antifouling ability, with zero barnacle growth after 63 months in major biofouling hotspots. Performance analysis of the first vessel coated with a 60-month paint system containing Selektope, demonstrated average speed loss of just 0.5% during the service period.

Swedish biotechnology company, I-Tech, has announced that 46,067dwt tanker Calypso has demonstrated zero barnacle growth after a 63-month operation thanks to its proprietary antifouling technology, Selektope.

In November 2015, the vertical sides and bottom of the hull of Team Tankers-operated ship, were painted with a 5-year Selektope-containing, copper-free antifouling product. The period tested the efficacy of the first 60-month paint system containing the active antifouling agent, and saw the vessel operate through heavily impacted fouling areas known as ‘hotspots’ across global routes, formally completing its operations earlier this year.

During this period, Calypso displayed an average weighted speed loss of only -0.5%. Analysis of the vessel’s performance was carried out using Molflow’s AI-ship modelling tool “Slipstream”, training multiple Neural Network models to describe the vessel’s behaviour at certain points in time and comparing their predictions for calm atmospheric and oceanic conditions.

This performance compares favourably to industry averages — separate data collected by coating manufacturer Jotun shows an average of 6% annual vessel speed loss, as a result of reduced hull optimisation created by fouling, based on data collected from sensors to enable performance-based monitoring based on standardised principles (ISO 19030).

In addition to sailing in hotspot areas, Calypso spent long periods at anchor where there is increased risk of hard marine fouling by barnacles, whose larvae can only attach to the hull when the vessel is at anchor or moving at slow speeds of up to 6 knots. Regular underwater hull inspections during operation reported almost a complete absence of hard fouling in any of the vertical sides or flat bottom of the hull, and the ship’s hull was not cleaned at any time during the coating’s service life.

Calypso laid at anchor for one month while waiting for dry dock, exposing the hull to a very high fouling risk. When the ship was taken to dry dock and inspected in February 2021, after 63 months of operation, the hull’s paint showed a normal amount of wear but no growth of barnacles.

Commenting on the strong performance of Team Calypso, I-Tech AB CEO, Philip Chaabane said, “Despite the fact that Team Calypso has been active in the harshest conditions for marine fouling for the past 63 months, data on the ship’s sustained performance show that the Selektope-containing antifouling paint has helped maintain the ship’s efficiency. The owner of this tanker will benefit from the fuel savings that can be associated with the power of Selektope’s ability to protect the hull from barnacles. Data analysis and inspections of the hull provide strong evidence that proves Selektope’s high-performance protection against hard marine fouling, regardless of the ship’s activity or movement patterns.”

Capt. Pär Brandholm, Senior Performance & Technical Manager at Team Tankers International commented, “After operating predominantly in tropical and sub-tropical regions, the fact that that the average weighted speed loss is significantly lower than for other vessels in our fleet, is hugely impressive – and will have a tangible impact on fuel costs and emissions. We encourage all owners and operators to remain proactive in avoiding the performance penalties created by hard fouling and assess their operating profile, performance data and consider whether the antifouling technology mix within their coatings will provide adequate protection.”

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Selektope-coated tanker free of growth after five years at sea


Silverstream completes first ever ore carrier air lubrication installation on Vale newbuild Sea Victoria.

Clean technology company Silverstream Technologies has recently completed the installation of its air lubrication technology, the Silverstream System, on the Vale-chartered newbuild ore carrier Sea Victoria.

The installation is the first time that any air lubrication technology has been deployed on a very large ore carrier (VLOC). Coming in at 324,300-dwt, Sea Victoria is the latest Guaibamax newbuild dry cargo ship constructed by Vale.

Silverstream’s technology creates a rigid carpet of microbubbles that reduces friction between the hull and the water, cutting fuel burn and associated emissions by 5-10%, depending on the vessel. The technology was chosen by Vale because these independently verified savings directly align with the organisation’s Ecoshipping program.

Under the program, Vale will aim to reduce its Scope 3 emissions – generated across its supply chain – by investing in leading clean technologies and future fuels to accelerate emissions reductions across its chartered fleet.

Noah Silberschmidt, Founder & CEO, Silverstream Technologies, said, “The whole team at Silverstream is proud to once again announce an industry first: the first installation of an air lubrication technology on a very large ore carrier. Vale chose our technology because its proven savings potential completely supports their mission to improve the efficiency of their fleet. This milestone is impactful for many reasons. Firstly, the Silverstream System will drive a step change in fuel and emissions efficiency on the Sea Victoria and prove what is possible on their dry bulk vessels. However, for the industry at large, we are also proving that there are actions that we can take today to mitigate the environmental impact of our operations. Adding dry bulk to the list of segments that we serve with our technology once again underlines its widespread applicability across the global fleet, and issues a challenge for more owners and operators to follow suit and become industry leaders by adopting the Silverstream System.”

Rodrigo Bermelho, Technical Manager – Navigation, Vale said, “Vale transports iron ore in the most efficient vessels in the world, but we believe there are still further energy efficiency gains to be captured to reduce fuel consumption and CO2 emissions. This pioneering project shows our commitment to supporting the shipping industry in fulfilling the ambitions of the IMO.”

Silverstream was able to progress and complete the installation of its technology in Sea Victoria despite the challenges caused by Covid-19. The company used its supply chain expertise to work with a number of different organisations during installation, including vessel owners Pan Ocean, naval architects Shanghai Ship Design Research Institute (SDARI), as well as New Times Shipbuilding and Yiu Lian Dockyards (Shekou) Ltd.

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Silverstream completes first VLOC air lubrication installation


ZeroNorth kickstarts working group and research to create industry standard for measuring fuel consumption model accuracy, supporting vessel performance optimisation.

Maritime technology company ZeroNorth has announced the recent creation of a new multilateral working group aimed at forging a new industry-wide standard to measure the accuracy of vessel fuel consumption models.

The working group, which was formed earlier in 2021 and has already met four times, will take advantage of new digital technologies to unlock even more precise fuel consumption predictions, delivering real knowledge and insight, and further enhancing vessel optimisation. Following the most recent meeting, a draft ‘Tier 1’ benchmark is now ready to be tested in the market to gather feedback.

Representatives from 11 organisations, including ZeroNorth, Cargill, UltraBulk, Western Bulk, Maersk Tankers, Bearing and Propulsion Dynamics met across several workshops to discuss and build the new standard.

Predicting and accurately measuring marine fuel consumption is an important task that crew, owners, operators and charterers have to complete for every vessel travelling the world’s oceans. Technology and theoretical modelling have significantly evolved to create fuel consumption models and speed curves that estimate the amount of fuel that a vessel should consume under certain conditions. This information is an important part of vessel performance optimisation.

Fuel consumption models are generated from an underlying mathematical formula that considers a huge range of parameters, such as the deadweight tonnage of a vessel, its width, engine type, draught and power. Assessing the relative accuracy of these models is therefore vital to ensure that any optimisation decisions are based on the reality that a vessel faces at any given moment and in a range of conditions.

The working group will now release and begin to test this new standard, which will enable owners, ship managers, operators and charterers to assess the accuracy and bias of their current fuel consumption models, before incorporating feedback in future iterations. The expectation is that the standard will drive an increase in the accuracy of fuel consumption models over time, generating greater cost and emissions savings across the industry.

Speaking on the announcement, Søren Meyer, CEO, ZeroNorth, said, “We’re extremely proud to have convened this working group with our colleagues across the industry. Together we all share the goal of solving a key industry challenge in assessing and further evolving the accuracy of vessel fuel consumption models. Once finalised, this benchmark will enable our industry to standardise how it measures for vessel fuel consumption. It’s also happening at exactly the right time. Digital solutions will be vital to underpin our sector’s decarbonisation efforts, so it’s important that we understand if fuel consumption models are accurate enough for voyage optimisation. The potential to accelerate our collective efforts to cut costs and reduce emissions is massive, so we look forward to more fruitful collaboration with the working group.”

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Group plans standardisation of bunker use models


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