New software from GE’s Power Conversion business that enables its Dynamic Positioning (DP) systems to save significant amounts of fuel and put less wear and tear on vessel propulsion equipment is on the shortlist to win an Institution of Engineering and Technology (IET) Innovation Award this year. A DP system holds a vessel in position without the aid of anchors, using only propellers, rudders and thrusters. “Energy Efficient Dynamic Positioning For Ships” was developed from a comparison of concepts through to final production code using model-based design. The new mode was entered in the Model-Based Engineering category for the IET Innovation Awards, which attracted more than 400 entries. The awards will be announced in London on November 20.