Laskaridis Shipping, CARES and Metis begin fuel data analysis project

Laskaridis Shipping has joined a research project to evaluate the real impact of different available fuels on maritime decarbonisation based on vessel data analysis, in collaboration with The Cambridge Centre for Advanced Research and Education in Singapore (CARES) and software company Metis.

The three-way project will make high frequency data captured by Metis from Laskaridis Shipping’s in-service bulk carrier Icarus available to data scientists at CARES, which has developed tools to model ship lifecycle pathways towards decarbonisation backed by funding from Singapore’s National Research Foundation.

These tools include an online calculator that allows users to compare vessel performance across a range of fuel and decarbonisation options, including Heavy Fuel Oil, on-board carbon capture and others.

“We are fortunate to collaborate with Metis and Laskaridis Shipping who have kindly agreed to give us fuel consumption, weather and routing information,” said Professor Nondas Mastorakos from CARES.

“This will allow us to apply our modelling tools and provide ‘what if?’ answers based on realistic data. In this way, effective decarbonisation strategies can be developed quickly.”

Individual vessel characteristics such as weight, volume and cargo displacement are input into the models, as well as energy consumption and emissions data, to develop a prediction of a ship’s future performance across a range of fuel options.

The partners ultimately hope to create a database for projecting ship CO2 reduction possibilites, with granular analysis that can deliver accuracy beyond estimates based on average fuel consumption and routing.

“The high-frequency data collection systems installed on our vessels serve as the foundation for harnessing the potential of AI,” said Nikolaos Tsoulakos, Innovation & Technology Manager at Laskaridis Shipping.

“Through collaboration with CARES and Metis on this initiative, our aim is to contribute to the scientific community by sharing data and providing valuable insights to the maritime sector through data analysis and performance analytics.”

“Our objective is to achieve operational excellence, reduce the carbon footprint, and advocate for the widespread adoption of digitalisation among maritime enterprises.”

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Rob O'Dwyer

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