Industry group to create standard for fuel consumption accuracy

Representatives from 11 maritime organisations, including ZeroNorth, Cargill, UltraBulk, Western Bulk, Maersk Tankers, Bearing and Propulsion Dynamics have created a new multilateral working group aimed at creating an industry-wide standard to measure the accuracy of vessel fuel consumption models.

The working group, which was formed earlier in 2021 and has already met four times, aims to take advantage of new digital technologies to unlock more precise fuel consumption predictions, and further improve vessel optimisation.

Following the most recent meeting, a draft ‘Tier 1’ benchmark is now ready to be tested in the market to gather feedback, the partners said.  

Fuel consumption models are generated from an underlying mathematical formula that considers a wide range of parameters, such as the deadweight tonnage of a vessel, its width, engine type, draft and power. Assessing the relative accuracy of these models is fundamental to making the correct optimisation decisions.

The working group will now work towards the release and testing of its new standard on fuel consumption measurement accuracy, which will enable users to assess the precision and bias of their current fuel consumption models, before incorporating feedback in future iterations.

“We’re extremely proud to have convened this working group with our colleagues across the industry. Together we all share the goal of solving a key industry challenge in assessing and further evolving the accuracy of vessel fuel consumption models,” said Søren Meyer, CEO, ZeroNorth.

“Once finalised, this benchmark will enable our industry to standardise how it measures for vessel fuel consumption. It’s also happening at exactly the right time. Digital solutions will be vital to underpin our sector’s decarbonisation efforts, so it’s important that we understand if fuel consumption models are accurate enough for voyage optimisation.”

“The potential to accelerate our collective efforts to cut costs and reduce emissions is massive, so we look forward to more fruitful collaboration with the working group.”

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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