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Fuel Costs

Taking the Guesswork Out of Bunker Procurement

Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time guidance on the three key factors of quantity, location and price strategy-how much fuel to buy for each ship in their fleet, the best port to bunker at and the right price strategy (spot versus contract). In ongoing proof of concept evaluations for large shipping companies, Inatech's Optimizer has been shown to deliver real-world fuel cost savings of up to five percent. With an average shipping company spending around $400 million a year on bunkering that saving could add some $8million to their bottom line. How Optimizer saves fuel procurement costs – a typical scenario

 The value of Optimizer is best shown in a typical scenario of a vessel that burns 75 tons of fuel a day for around 270 days each year. At $625 per ton, the ship's operator will spend approximately $12.7 million a year on fuel. A shipping company utilising Inatech's ShipTECH fuel procurement solution can already achieve savings through streamlined procurement. This is made possible firstly through a systematic workflow that avoids last minute purchases


Damen Debuts Quick Docking/Fuel Saving Package

Castillo de Catoria (Photo: Damen Shiprepair & Conversion)

Damen Shiprepair & Conversion has developed a new innovative product, the Quick Docking/Fuel Saving package. This offers owners a fast and low-cost additional docking with the sole aim of reducing fuel consumption in between the five-year statutory survey period. The first vessel booked under the new concept has docked at Damen Shiprepair Brest (France). It is the capesize bulker Castillo De Catoira operated by Spanish company Empresa Naviera Elcano


News: Poor Weather, Repairs Forces Kirby to Lower Expectations

"Very poor weather, major repairs to a lock on the Gulf Intracoastal Waterway and rapidly escalating fuel prices, not lower business levels, are the factors causing Kirby to revise its first quarter forecast," were a few reasons that Joe Pyne, Kirby Corporation's President CEO, cited for the company's lowering of its earnings guidance for the 2003 first quarter to $.26 to $.30 per share from previous guidance of $.36 to $.40 per share


Fuel Prices Drive Ferry Fares Up

Rising fuel costs may mean another fare hike for ferry riders. The Washington State Transportation Commission last week directed the ferry system to cover a $10 million shortfall blamed on the high cost of diesel fuel. Fare increases between 5 percent and 20 percent are now under consideration, as well as capital improvement cutbacks and asking the state Legislature for more money. The WSF Tariff Advisory Committee will likely convene soon to review WSF’s finances and possibly recommend


Seaware Routing Version 5

Photo courtesy ÖRN Marketing AB

Seaware AB announced a new major upgrade for its Seaware Routing software, introducing cost-based ship route optimization. The Seaware Routing software is designed to facilitate on board weather presentation and ship route planning, and is delivered as part of weather routing solutions from Seaware partners. Seaware Routing version 5 has been developed with special attention to optimization of short sea passages


Two New Anti-fouling Coatings Introduced

International Paint introduce Intercept®8000 LPP & Intersleek®1100SR a biocide-free slime release coating.  Designed to address the industry issues of predictability in antifouling performance not seen since the days of tributyltin and the difficult issue of slime fouling on ships hulls, the two new technologies are set to improve vessel operating performance, increase efficiency and help control fuel costs and emissions.


Irish Ferries Rejects Labor Court Ruling

According to an AP report, Irish Ferries PLC rejected an Irish Labor Court recommendation and plans to continue with widely criticized plans to replace more than 500 employees with cheaper workers from Eastern Europe. The struggling operator of car ferries between Ireland, Britain and France did not accept the court's nonbinding ruling, which called on Irish Ferries to honor its 2004 wage-pact agreement with the two labor unions involved.


Which way will container freight rates go? Carriers at crossroads, says Drewry

drewry_logo_corporate.gif

New Drewry special report examines drivers of container freight rates, provides five year forecasts of major east-west trades and offers suggestions for carriers and shippers on how to smooth pricing volatility. London, UK, 14th March 2011 – Container freight rates go up and then they go down - that’s just the way things are. This almost pathological acceptance that things cannot and will not change is a symptom of a deficiency within container shipping’s DNA that prevents


Hydrogen Fuel Cells May Power Seaports

Sandia National Laboratories researcher Joe Pratt stands near the Port of Oakland, one of the west coast ports he studied to learn whether hydrogen fuel cells are a viable power source for docked ships. (Photo by Steffan Schulz)

Providing auxiliary hydrogen power to docked or anchored ships may soon be added to the list of ways in which hydrogen fuel cells can provide efficient, emissions-free energy. Hydrogen fuel cells are already powering mobile lighting systems, forklifts, emergency backup systems and light-duty trucks, among other applications. Now, researchers at Sandia National Laboratories have found that hydrogen fuel cells may be both technically feasible and commercially attractive as a clean


Bestobell and W&O Enter Distribution Deal

Actuated globe valve with flanged end connections

Bestobell Valves, part of the President Engineering Group (PEGL), has named W&O Supply, a global supplier of marine pipe, valves and fittings, valve automation, and engineered solutions to the marine and upstream oil and gas industries, as its exclusive distributor for Bestobell Valves in North America. Through this partnership, Bestobell Valves, headquartered in the United Kingdom, and W&O, headquartered in Jacksonville, Florida


Propulsion Systems Ordered for Qatar Coastguard Vessels

Image: Rolls-Royce

Rolls-Royce waterjets and MTU diesels to power 17 new patrol boats for the Qatar Coastguard   Rolls-Royce has secured a £15.8 million contract to supply Rolls-Royce MTU high-speed engines and a suite of waterjet propulsion systems for the the Qatar Coastguard’s 17 fast patrol


Ferus Smit Launches Nordana Sky

Nordana Sky (Photo courtesy of Ferus Smit)

Ferus Smit launched multipurpose vessel Nordana Sky in Leer on February 21.   Nordana Sky, built as yard number 417, is the first in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company Nordana and sail in her fleet after delivery


Damen ASD 2810 Hybrid Tug Delivered to Multraship

Multratug 28 (Photo: Damen)

Multraship took delivery of a Damen ASD 2810 Hybrid tug vessel, built at Damen Shipyards Galaţi, in Romania. The delivery is part of Multraship’s fleet expansion program, which involves a number of Damen vessel orders.   The new vessel, named Multratug 28


Oil Storage at Sea Stalls as Profit Play Fades

Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.   In January, the price of spot oil was around 50 percent lower than a peak hit in June


Containers Profit Up Thanks to Low Slot Cost

Image courtesy: Maersk

In spite of record vessel deliveries the container shipping profitability is expected to improve in 2015, driven by lower unit costs. The global fleet is expected to grow 7.2% in 2015, a faster pace than demand which is forecast to expand at a more modest 5.3%.   


Dales Marine Fills Its Scotland Docks

Photo: Dales Marine

Ship repair and specialist fabrication firm Dales Marine reports a first time achievement as all of its seven docks around Scotland are full for the first time today.   Dales Marine’s docks are filled with vessels ranging from offshore supply vessels to ferries


Liberian Registry Launches Green Ship Initiative

Scott Bergeron (Photo courtesy: Liberian Registry)

“We have launched a new initiative to help shipowners improve their green credentials and meet other corporate social responsibilities," said Scott Bergeron, CEO of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the registry


Ferus Smit to Launch Newbuild for Symphony Shipping

Photo: Ferus Smit

Ferus Smit announced it will launch Newbuuld 417 on Saturday, February 21 in Leer.   Newbuild 417, a multipurpose vessel to be christened Nordana Sky, is the first vessel in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company


Sea Trials Show Air Lubrication Delivers Energy Savings

Silverstream Technologies and Shell announced the sea trial of Silverstream Technologies’ new air lubrication technology for ships, the Silverstream System. The sea trials, independently verified by Lloyds Register Ship Performance Team


Kalmar New Reachstacker to Boost Performance

The New Gloria Reachstacker

  Kalmar, part of Cargotec, has announced the launch of its new Gloria reachstacker specifically designed for empty and semi-laden container handling. With the ability to handle all types of containers, flat racks and single loads of up to 10 tonnes


Kalmar Bags Virginia Port Order for Shuttle Carriers

Kalmar hybrid shuttle carriers  Photo Courtesy Kalmar

  Kalmar, part of Cargotec, has gained an order for three Kalmar hybrid shuttle carriers from the Port of Virginia, a multi-terminal container and breakbulk cargo complex located in Virginia, 18 miles from the Atlantic Ocean. The 1-over-1 hybrid shuttle carriers will be dedicated to


Cosco Scraps Eight Old Bulk Carriers

Image: Cosco group

Following the recent announcement ordering 10 drybulk vessels, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping.    The vessels were sold to different third parties for scrap for approximately RMB82.2m ($13.3m)


MSC Reports Better Fuel Efficiency with Jotun's HPS

MSC Oscar (Photo courtesy of MSC)

Jotun Marine Coatings said Mediterranean Shipping Company (MSC) will apply Jotun’s Hull Performance Solutions (HPS) on a number of new and existing vessels.   With almost 500 vessels, MSC has one of the world’s largest containership fleets


Spain's First Pure-Gas Marine Engine

Photo courtesy of Rolls-Royce

 Rolls-Royce has signed a collaboration agreement with Spanish energy company Gas Natural Fenosa to develop and install a pure-gas Bergen engine aboard the Baleària-operated ferry Abel Matutes. According to Rolls-Royce , the contract gives the company its first reference for a


Sulphur Enforcement Event to be Held in Brussels

Trident Alliance has invited representatives from national and European authorities and NGO’s to discuss how effective enforcement of sulphur regulations can be achieved on the high seas. The event will take place on March 3 during the European Shipping Week in Brussels.   






 
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