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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

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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


Ingram Barge to Participate in EPA’s SmartWay

Ingram Barge Company announced its participation in the new Barge Freight component of the SmartWay Transport Partnership, a public-private partnership between the U.S. Government’s Environmental Protection Agency (EPA) and the country’s leading private industry freight carriers and


Denmark's Eekels Wins Slow Steaming Technology Prize

Eekels prize award: Photo courtesy of the company

Eekels informs it has been awarded the TBI Innovation Prize 2013 for its “Slow Steaming” entry. The vote was taken at the TBI TOP250 and no less than 66% of those present voted for Eekels’ ingenious technical innovation. Eekels was one of the 3 nominees that had been chosen from


Shipping Confidence at Highest Level Since 2008

Richard Greiner

Overall confidence levels in the shipping industry rose to their highest level for almost six years in the three-month period to February 2014, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens


Reduce Fuel Bills without Going to Drydock

Photo: Hydrex

Propeller buffing is a new technique that aims to keep propellers in optimum condition. The process is not conventional propeller polishing, but a service developed and delivered only by Hydrex. Routine propeller buffing can save 5% from the fuel bill, Hydrex said


Dutch Treat for Cavotec Moormaster at Ferry Terminal

Moormaster at Dan Helder

Cavotec say that their first automated mooring application in the Netherlands is in place as two MoorMaster units were delivered and carefully lowered into position at Port Den Helder. The units will be used by two TESO passenger ferries on the Den Helder-Texel Island route


Wärtsilä Get Repeat Siem Offshore Dual-fuel PSV Orders

Dual-fuel Platform Supply Vessels: Image courtesy of Wärtsilä

Siem Offshore has again contracted Wärtsilä to supply the design and integrated solutions for four new platform supply vessels (PSVs) to be built at the Remontowa Shipbuilding yard in Poland. The four new vessels, like the two currently under construction


Oil Test Detects Cold Corrosion

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Parker Kittiwake, the global provider of asset control and protection technology, has announced a breakthrough in onboard cold corrosion testing with their new portable test kit. In less than five minutes per test, Parker Kittiwake’s Cold Corrosion Test Kit monitors specific levels of


KIMS Installed on Allure of the Seas

Allure of the Seas. Photo: Royal Caribbean

Dragutin Radobuljac, the Chief Electrical Engineer on Royal Caribbean Cruise Line’s mega cruise ship the Allure of the Seas, has described the new Kongsberg Information Management System (KIMS) as a “Revolutionary upgrade,” with significant influence on vessel operations


DP World Invests in London Gateway

Left to right: London Gateway CEO Simon Moore, DP World Group CEO Mohammed Sharaf, The Lord Mayor of the City of London Fiona Woolf, and The Lord Mayor’s Consort Nicholas Woolf.

The Lord Mayor of the City of London, Fiona Woolf, welcomed the foreign direct investment by Dubai’s DP World into London Gateway, while visiting the recently opened deep-sea container port and Europe’s largest logistics park.


Yangzijiang Shipbuilding Eyes Mega Container Ships

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Reuters - Yangzijiang Shipbuilding Holdings Ltd, a top Chinese shipbuilder, plans to build more mega container ships for shipowners eager to cut operating costs. Yangzijiang is China's third-largest listed shipbuilder by market capitalisation and has boasted profit margins that dwarf those of


Short-Sea Shippers Warn of New EPA Rules' Unintended Consequences

Rod Jones: Photo credit CSL Group

A new well-intentioned maritime fuel regulation from the Environmental Protection Agency (EPA) is poised to crowd roads and increase onshore air pollution, maintain shipping industry leaders Rod Jones and Bill Terry, President and CEO of the CSL Group and of Eagle Rock Aggregates, respectively


Maritime Battery Forum in the Works

DNV GL is now running a pilot project that prepares the ground for the establishment of a Marine Battery Forum, which shall work to ensure that Norway is a world leader in maritime battery-based value creation. The forum shall be a tool for effective realization of the government's ambition of


Severe U.S. winter leaves questions for gas, power markets

Natural gas pipelines and power utilities across the United States struggled for several weeks to keep lights on and homes warm through the coldest winter in decades, but it may take many months for the cost and the fallout of the so-called "polar vortex" to work through the energy chain


OW Bunker Expands North America Distribution

OW Bunker, a physical distributors and resellers of marine fuel, announced the launch of physical distribution operations in Los Angeles and Long Beach, further expanding its presence in North America. The move comes less than 18 months after launching a physical offering offshore in the Gulf of


ClassNK Acquires Maritime Software House NAPA

Tetsuya Kinoshita, Executive Vice President, ClassNK (Top left), Yasushi Nakamura, Representative Director, Executive Vice President, ClassNK (Bottom left) Juha Heikinheimo, President, NAPA Group (Top right) and Markku Riipinen, Chairman of the Board, Napa Ltd (Bottom right).

Classification society ClassNK agreed to acquire maritime software house NAPA in a deal that the classification society said aims to improve safety and performance for the whole maritime industry. According to ClassNK, the acquisition will enhance the success and capabilities of both


 
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