How often do you check your fuel consumption?
4th January 2012 22:45 GMT

I’ll start my first blog of 2012 with a timely message to vessel-owners. How often do you check your fuel consumption? And do you keep a record of your daily, weekly or monthly usage?

These may seem obvious questions, but keeping your fuel bills down is a vital investment for both now and the future. How would you cope, for instance, if fuel costs suddenly rose and put up both voyage and charter rates?

But then it is just as much about energy efficiency as it is about fuel costs – the key topic for 2012:

* The working group on guidelines for MARPOL Annex VI energy efficiency design index (EEDI) meets next week;
* In late February the IMO MEPC will consider a variety of matters, among them: greenhouse gas (GHG) emissions – including a submission from the Bahamas proposing a formal monitoring and reporting process for GHG;
* We are also expecting an EC proposal early this year.

So my question above is not only timely but crucial. The critical element is: will this impact charter rates?

Of course, no one knows what the future holds. Greener fuels are certainly an enticing and cost-effective prospect. Many delegates at the Maritime Cyprus Conference in October 2011 predicted an LNG-led future for the global fleet in the mid to long term (depending on your date lines) future.

The discussion on GHG cannot proceed without asking the question: what fuel will shipowners and operators chose to use in sulphur control areas – Emission Control Areas (ECAs)? Some owners and operators may use scrubbers while others may prefer low sulphur fuel oils. There is a lot of talk about scrubbers but, interestingly enough, recent research shows that only 10% of owners are willing to fit them to their fleets. Looking at it from a GHG perspective the choice of low sulphur fuel, while more expensive, would reduce the GHG emissions associated with the vessels’ journey.

So a focus on energy efficiency not just a future driven by EEDI raises the question: will we need new approaches to ship design? Should we act now to change hull construction, paints and materials and IT control systems or wait until we know the shape of fuels to come?

What is your view and what are your predictions for 2012 and the fuel debate?


Anne-Marie Warris,
4th January 2012 22:45 GMT

Comments on this Blog
Adam Nye - Morgan Stanley Capital Group Inc.
3rd February 2012
Could you reference the research you mentioned that shows only 10% of owners are willing to fit scrubbers?
Anne-Marie Warris - Ecoreflect Ltd.
5th March 2012
Apologies for delay in replying. The data is based on work done by LR and presented to Smartshipping last year as well as work presented by DNV at Maritime Cyprus last year. Like all research it is based on a snapshot and owners may change their approach /answer dependent on external circumstances such as fuel prices, stakeholder pressure etc.
Banu Kannu - NHST Events
8th March 2012
Full results of the SmartSurvey done by LR and presented to the SmartShipping conference can be found here: http://prezi.com/4n9cymflssdj/smartshipping-2011-smartsurvey-results/
Brian Boyd
2nd March 2013
I recently became aware of a test done on a VLCC ship.They were testing a relatively new product. Reading the report shows a reduction in emissions of over 20% and a similiar increse in fuel efficiency. The report says they tested about 1 million gallons of fuel. Is this of any interest. I think this is appears to be very cost effective and great for the environment
Brian Boyd
2nd March 2013
I recently became aware of a test done on a VLCC ship.They were testing a relatively new product. Reading the report shows a reduction in emissions of over 20% and a similiar increse in fuel efficiency. The report says they tested about 1 million gallons of fuel. Is this of any interest. I think this is appears to be very cost effective and great for the environment
Kevin Peng
9th September 2013
With regards to monitoring fuel consumption, we provide real time monitoring and the information is sent via satellite to a shore office web portal whereby you can monitor using iPad or any computer. If you already have a satellite terminal installed, that makes it easier.

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