BW gets into the vessel performance optimisation game

Shipowning giant BW Group and Miros are launching Miros Mocean, a joint venture vessel performance optimisation tool. BW Group and Miros are combining maritime expertise and radar technology to overcome the performance inefficiencies of the shipping industry by providing data accuracy into the operating conditions of a vessel, something the two companies suggest has been a missing piece in vessel performance until now.

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, the two companies observed in a release. This lack of precision in vessel speed control and lack of accurate weather data are the largest known factors contributing to suboptimal vessel performance, leading to excess fuel oil consumption and CO2emissions.

Miros Mocean combines fuel oil consumption and main engine power measurements with real-time accurate environmental conditions at the vessel’s actual location. This allows vessel owners and operators to make real-time decisions about the operation of vessels with the objective of saving fuel and reducing greenhouse gas emissions. The technology integrates weather data into shipowners’ existing vessel performance systems for further performance enhancements. The joint venture also claims what they have created optimises charter party contracts by using the measured performance of a vessel rather than warranties.

To be able to understand if an investment is truly optimising the performance of your vessel, you need to account for weather

“Miros Mocean’s vision is to give the shipping industry accurate and relevant performance data to optimise costs and create a transparent, collaborative, and greener shipping industry for the future,” the two parties stated in a release.

“To be able to understand if an investment is truly optimising the performance of your vessel, you need to account for weather,” commented Christian Bonfils, managing director, BW Dry Cargo. “The technology Miros Mocean introduces is what we at BW Group had been looking for. It 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. It has also helped to change the legal contracts to actual performance instead of warranties, setting the standard for the future of this industry.”

Remi Eriksen, president and CEO of class society DNV, commented: “As custodians of the sea, we as an industry have a duty of care to ensure that decisions are made based on the best possible data”.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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