New group sets out to create industry standard for measuring fuel consumption model accuracy

Danish maritime technology company ZeroNorth has formed a multilateral working group aimed at forging a new industry-wide standard to measure the accuracy of vessel fuel consumption models.

The working group 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 of the working group, 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 have met across several workshops to discuss and build the new standard.

Søren Meyer, CEO of ZeroNorth, said: “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.”

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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