Case study: Mitsubishi Ore transport
Digital decarbonisation technologies can help shipping to achieve up to a significant reduction in absolute carbon emissions. The use of connected digital tools to collate data and inform decision-making will help ship operators to meet the ambitious International Maritime Organization (IMO) 2030 target to reduce the carbon intensity of all ships by 40%.
Our recent research report, ‘Decarbonisation toolkit’ provides a structured approach for developing a practical strategy to achieve maritime objectives. In this report, we talked to Wallenius Wilhelmsen, Carisbrooke Shipping, Eastern Pacific and other shipping companies about how they implemented a connectivity strategy to optimise operations and make decarbonisation targets more achievable.
Decarbonising the maritime industry will require a range of technologies onboard to improve fleet optimisation, streamline commercial processes, develop operational preparedness, enable and reduce CO2 emissions.
Fleet Xpress connectivity is uniquely designed for maritime and offers a portfolio of edge solutions to harness the power of the connected maritime ecosystem and drive maritime decarbonisation.
Fleet Data, our Internet of Things (IoT) platform, enables ship owners to collect, transfer, store and analyse their onboard IoT data, and secure access to maritime software applications, such as real-time emissions monitoring. These apps empower decision-making around the reduction of fuel consumption.
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“One of the biggest opportunities we have in the maritime sector is to use the data we already have. There are large amounts of interesting data not being used and dying on paper or in spreadsheets in email inboxes.”
In March 2022, Inmarsat’s partner ZeroNorth revealed that with access to a variety of data sources extracted using dedicated Fleet Xpress bandwidth, its platform had prevented 218,000 tonnes of CO2 from being released into the atmosphere throughout 2021, a year in which maritime emissions increased by 4.9%.
Back in 2020, ship operator Cargill reported achieving an overall reduction of 5% in CO2 emissions per cargo-tonne-mile against a 2016 baseline, partly because of its partnership with ZeroNorth.
Capturing and distributing real-time operational data has also resulted in impressive results for Siem Offshore. In a 30-day campaign in 2020, the Siem fleet was able to achieve a 20.7% increase in efficiency by reducing oil and gas consumption and limiting nitrogen oxide (NOx) and CO2 emissions, saving US$ 344,733 in the process. According to VPS, vessels equipped with its Maress platform saved a combined 50,000 tons of CO2 in 2020.
With finite resources and fluctuating prices, fuel saving is a top priority for many maritime companies.
The difficulty is understanding fuel consumption and how to maximise fuel efficiency.
Working with companies such as Nautilus, data extracted with Fleet Data, has helped shipping merchants such as Eastern Pacific Shipping achieve fuel savings of 30.5 MT (metric tonnes), a 4% uplift in time charter equivalent earnings and a 95 MT reduction in CO2 emissions – the equivalent of taking 21 average family cars off the road for an entire year.– the equivalent of taking 21 average family cars off the road for an entire year.
The connectivity and information that Fleet Data can provide have proven to help shipping companies make faster and better-informed decisions.
North Sea Shipping has been using the VPS Maress software application for several years and recently made the transition from manual reporting to high-frequency data extraction via Fleet Data on its vessel North Sea Giant.
This approach to emissions reduction and data-driven efficiency led to CO2 savings of 9% in 2021, equal to more than 3,000 tons of CO2, as presented in North Sea’s recent ESG report for 2021. This positive trend continues with another of their vessels achieving more than 10% emission reductions year-to-date in 2022, leading to an impressive 11.8% fuel reduction in 2022 compared to its own historic baseline.
