ABS has launched a new Green Shipping Corridors Simulation service, designed to provide a simulation of the various stakeholders involved in corridor development and deliver data to support policy and investment decisions.
The model is capable of generating a broad range of data including fleet fuel mix, newbuilding vessel investment needs, annualised port investments, fuel demand prediction in specific ports, fuel storage requirements at specific ports, and year-over-year fuel procurement for port bunkering stations.
“Green shipping corridors will be at the heart of any successful movement to decarbonise our industry. But these initiatives require advanced analysis beginning at the pre-feasibility stage through the full lifecycle of corridor development,” said Christopher Wiernicki, ABS Chairman, President and CEO.
“With assets and operations from multiple stakeholders and a wide range of operational, policy, and regulatory issues to consider, simulation and optimisation tools are ideal for providing critical analysis that accounts for uncertainties of the many variables affecting corridor design.”
“ABS’ simulation technology offers the fidelity of a digital twin, or digital sandbox if you prefer, shaping key decisions across the entire range of stakeholders by evaluating a range of transition path options and alternative future fuel scenarios to determine the best approach for a specific corridor. This includes macro-level corridor design issues with the stakeholder coalition and stakeholder-specific decisions by fuel suppliers, port authorities and terminal operations, vessel owners and operators, and cargo owners and shippers.”
A new publication has been released alongside the modelling and simulation service, with the document, An Approach to Green Shipping Corridor Modeling and Optimization, exploring two green shipping corridor case studies: the Singapore-Rotterdam container ship initiative and the Australia-Japan iron ore bulk carrier proposal.
