Online Tool to Help Manage Fuel Costs
We4Sea, a company focused on increasing the fuel efficiency and lower the emissions of seagoing ships, released an update of its online software platform. "The update is a next step in their mission to provide shipowners and ship charterers with improved analysis tools, and replace outdated noon-reports as the main source of management information," it said. "In pilot projects, We4Sea has proven that using data analysis can substantially cut fuel costs, up to 20%," it claimed.Dan Veen…
New Online Tool Aids 2020 Sulfur Compliance
The new ‘Sulfur 2020 – Options Evaluator’ from Lloyd’s Register (LR) aims to help the industry identify the best strategy for compliance with the global sulfur in fuel oil limit of 0.50 percent m/m, which comes into effect on January 1, 2020.According to LR, the ‘Options Evaluator’ aims to bring clarity to what the potential cost and investment implications could be for the various compliance strategies, such as transition from fuel oil to marine gasoil (MGO), use of scrubbers…
Tools for Operational Performance in Rotating Equipment
Many pieces of rotating equipment are operating below optimum capacity, affecting production costs, revenues and resulting in unexpected down time. DNV GL has been working together with operators to help unlock the potential of their existing rotating equipment. Chris Dagnall, Manager, Rotating Machinery Group, DNV GL says “Rotating equipment can be attributed to 90% of production losses. Typically, those losses can affect 5-10% of production. Assuming production averages 50-150 million barrels of oil per annum and an average cost per barrel is $53.
Matson Monitors Cylinder Liner Wear
The cylinder liner is a crucial part of a ship’s engine, as monitoring wear not only extends operational life but also prevents unexpected and costly repairs, with the average cost for a replacement liner at over $150,000. Matson has installed Parker Kittiwake’s LinerSCAN onto several of its vessels as part of a range of condition monitoring tools. Payback proved immediate, as on the first voyage after installation, the LinerSCAN system indicated increased wear on the cylinder liners.