Hull and propeller performance monitoring technology firm Propulsion Dynamics has introduced a new product, Inferred Fuel Performance, which allows a ‘sneak peak’ of a vessel’s expected performance based simply on its type.
Latest reports suggest global shipping fuel costs to rise by $24 billion in 2020 when the new International Maritime Organization (IMO) 0.5% global sulphur cap on fuel takes effect.
The increased cost has resulted in a heightened interest by charterers on the fuel efficiency of their ships, say Propulsion Dynamics.
“Inferred Fuel Performance takes vetting to a new level. It allows the chartering department to have a clear insight of the likely fuel performance of a vessel, based on our database of performance analysis, before chartering-in a vessel,” explains Daniel Kane, Vice President of Propulsion Dynamics’ CASPER® Service.
“Through the ship’s unique IMO number we are able to locate ships of similar dimensions in our CASPER® database, we then take the hydrodynamic correction factors for those ships with similar dimensions and estimate clean ship performance found from trials.
“By considering such factors as the age of the ship, time out of dock, [AIS-based] service patterns and prior hull/propeller treatments – in dock and in water maintenance if available – we are able to assign a likely added resistance to the ship.
“This added resistance factor allows us to create likely fuel performance curves corrected for multiple sea states, draft and speed regimes.”
The process is simplified as there is no sea trial or noon reports required to infer the fuel performance of a vessel.
“Inferred Fuel Performance is part of our commitment to providing not just shipowners and ship managers but charterers too with the tools they need to make big data, analysis-driven decisions based on real-time ship performance information, to further optimize operations and improve energy efficiency,” states Kane.
Published: 28 August, 2018
‘The JMs have failed to discharge their duties by blindly helping the Banks mount a false case against the Defendant,’ wrote defence lawyers representing former IPP Director Dr Goh Jian Hian in court statement.
Lead prosecutor Andreas Myllerup Laursen aims for a fine and a prison sentence in the so-called Syria case scheduled to commence in Odense, Denmark on 26 October, writes the Danish publication.
In a modern re-telling of the story of David versus Goliath, local bunker barge owners/charterers successfully resisted claims brought in the Singapore courts by Phillips 66 for misdelivery of bunkers.
Bunker barge owners and operators; traders and suppliers; banks, including players in other countries, will have to re-examine respective operations, advises Helmsman Associate Director Jonathan Tan.
Vopak BL was a non-essential document with no contractual force and had no effect as a contract of carriage or as a document of title, states written Judgement issued by Singapore Court of Appeal.
Dwivedi Vivek Kumar ended his tenure as Global Head – Bitumen & Shipping & Regional Head – APAC at GP Global APAC on 10 November 2020 due to internal structuring of the GP Global Group.