The challenge of profitability management and emission reductions
Transcending the ever-present uncertainty about what the future may hold, the maritime sector opens up to what new technologies can offer: support in achieving the much discussed targets set by the IMO and the EU in terms of decarbonization.
Among the short-term actions related to the reduction of GHG emissions, developing technical and operational energy measures, for both new and existing ships, coupled with the analysis of speed optimization, seem to be the best and quickest available tools to assist ship managers and ship owners in achieving those targets.
The perks of digitalization are, once again, under the magnifying lens: adopting operational and energetically efficient measures, even if at times frowned upon, genuinely convey opportunities to the sector that are too good to miss out on.
A data-driven operational efficiency solution can be a solid ally in achieving emissions cut, because it turns data into actionable information in the following fields:
- Fuel consumption
- Engine efficiency
- Preventive maintenance
Collecting and analyzing the fleet’s data in the above-mentioned fields aids immensely in the decision-making process: better, more informed decisions, necessarily lead towards an improved, compliant rendering of services. Therefore, it’s not about being up-to-date with the latest trends, but about taking advantage of what technology has to offer in order to grow.
And if that wasn’t enough, many studies have shown that around 50% of the decarbonisation gains required to meet the IMO’s goal will have to come from operational efficiencies on existing ships. The solution has been at our fingertips for a long time – quite few providers can tell the same.
“This is a fact: to achieve energy efficiency and targeted emissions levels, it’s necessary to monitor, measure and report the entire process – stated Giorgio Colotti, Infoship Performance Operations Director at Arribatec Marine, during the Limassol Roadshow hosted by the Cyprus Marine Club, – A digital solution, such as Infoship Performance, can be utilized to establish which activities and vessels are contributing to greenhouse gas emissions, and consequently provide accurate information on how to reduce them.”
Digitalization thinks in the following logic: if you can measure, you can prove and improve – this is true, at least, at Arribatec Marine.
Fleet Performance Monitoring solutions provide highly-reliable data and analysis to
- better understand a ship’s fuel consumption drivers (e.g M:E:, A/E, Boilers,..),
- quickly detect under-performances (e.g. speed/power ratio, SFOC, etc.)
- define a potential consumption reduction between SOSP and EOSP (e.g. trim/route optimization),
- reviewing decision making by measuring its effects (e.g., for warranted/contracted speed and consumption),
- establish and control emissions KPIs,
- providing immense decision-making support, which decidedly leads to gaining profitability from fuel cost savings; but since it also assists in complying with active regulations, it also secures a license to operate over the years to come – at least Infoship Performance does.
The Maritime industry considers “decarbonisation” as part of its business strategy over the coming decades. Data-driven operational efficiency solution can support in achiving the new targets and helping in staying competitive in the market.