Fuel consumption accounts for between 50 t0 60 percent of the cost of running a container vessel. By simple computation, a mere 1 percent drop in fuel consumption could result in an annual savings of up to $300,000 for a large container ship. Do the math for over 70,000 vessels that make up the current global maritime supply chain industry and you will see why vessel operators are placing fuel efficiency alongside automation and shipping software integration on top of their cost-cutting agenda.
There are two ways vessel operators reduce fuel consumption. One is through use of technical or design based measures. These include installation of more efficient engines and propulsion systems, improvement of hull design to enhance hydrodynamic efficiency, and increasing vessel capacity. The other one is by implementing operational measures which can include vessel speed management, voyage calculation/optimization, and load management.
In implementing these measures, fuel consumption in all aspects of the shipping process must be considered. This includes internal systems such as lighting and HVAC (Heating, Ventilation, and Air Conditioning) systems on board as well as outside factors such as the weather condition, wind, sea current, fouling on the hull, and other elements that affect vessel movement, speed, and maneuverability.
Shipping software companies have developed a wide range of marine software solutions to help ship owners and vessel operators monitor and control how fuel is being consumed during a shipping operation. When implemented properly, integrated shipping software can be programmed to gather and process data from all aspects of the shipping operation, forecast weather condition, calculate distance and estimated time of arrival, and provide vessel operators with full insight on how the vessel performs in terms of power consumption.
Vessel operators can then use these data to control vessel speed and implement other necessary measures to regulate fuel consumption while taking into account safe operating limits.
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