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ADNOC L&S lowers fleet bunker consumption by 23% since 2013

18 Jan 2019

ADNOC Logistics & Services (ADNOC L&S), the marine and logistics subsidiary of the Abu Dhabi National Oil Company (ADNOC), on Wednesday (16 January) said it has reduced the fuel consumption and carbon emissions of its fleet of 27 vessels by 23% since 2013.

The development, under the ‘Al Daffah Energy Efficiency Project’, is among several ongoing initiatives by the shipping and logistics firm.

To date, the accumulated fuel savings from the ‘Al Daffah Energy Efficiency Project’ are 325,000 metric tonnes of heavy fuel oil – equivalent to the load of a VLCC tanker.

“The ‘Al Daffah Energy Efficiency Project’ is a powerful example of what we can achieve by embracing the ADNOC values and by harnessing our industry expertise and partnerships to deliver greater value for our customers,” said Captain Abdulkareem Al Masabi, CEO of ADNOC L&S.

As the owner and operator of 27 shipping vessels and a total fleet of 122 shipping and offshore vessels, the impact of the project has been significant, as bunkering costs represent one of the largest operating expenses for operators.

The project heavily leveraged digitisation to improve energy performance, including to aid route planning, improve fuel monitoring and optimise engine speed.

Upgrades – such as the installation of more efficient propellers and high-performance hull coating – improved vessel thrust.

The company also took advantage of favourable market rates to charter an additional LNG vessel, ensuring that slow steaming could be adopted across the fleet, without affecting delivery schedules.  

“Together, with our industry partners and classification societies, we have constantly re-assessed, challenged and developed our capabilities to deliver more for less, in a challenging market,” said Captain Mohammed Al-Ali, Senior Vice President, Ship Management at ADNOC L&S.

“As the results show, the level of dedication towards achieving our ambitious targets has been unfaltering throughout this project.”

Photo credit: ADNOC Logistics & Services
Published: 18 January

 

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