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We4Sea launches ‘no CAPEX’ fuel monitoring solution

19 Mar 2018

The Netherlands-based technology firm We4Sea has introduced a fuel monitoring solution for the shipping industry that does not require any capital expenditure.

The new version of their cloud platform is able to monitor and report on the fuel consumption and emissions of ships.

“Using the latest Big Data technology, We4Sea can now monitor and report on any conventionally powered ship, bringing a ship online within 24 hours,” it says.

“There is no need to install sensors or hardware, and therefore no up-front investments. These absence of high investments will impact the market adoption of fuel monitoring systems significantly.”

The platform uses vast amounts of operational data of a ship, such as position, speed, heading and draft, overlapping these data with sources, such as weather conditions, wave heights, currents and wind to produce useful information.

“We are very happy to announce this new feature today. Using the latest technology, we offer the first non-CAPEX fuel monitoring solution in the shipping market.

“There is no need to buy and install expensive equipment, plan a port-visit or accept a few days off-hire. Monitoring and reporting of any ship can now start within 24 hours,” says Dan Veen, CEO of We4Sea.

“We offer the ship-owner tools to make fuel-efficiency monitoring easy,” adds Michiel Katgert, CTO of We4Sea.

“Saving fuel will not only have a direct impact on their financial results, but it will also improve the sustainability of their operations and lead to a reduction of CO2.”

Photo credit: We4Sea
Published: 19 March, 2018

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