Marine link
 

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


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.


East-West Shippers See Contract Rates Slide

Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw another reduction in the last quarter of 2015, according to Drewry’s Benchmarking Club, a closed user group of multinational retailers and manufacturers who closely monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data provided confidentially by shippers


Carnival Sails to Profit

Image:  Carnival Corporation & plc

 The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter. Earnings, adjusted for non-recurring costs, were 20 cents per share.   The profit beats analysts’ estimates, spurred by lower fuel costs and higher passenger spending. The shares jumped the most since August 2011.  


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


Cheaper Fuel to Boost Container Shipping

Photo: Tanner Matheny

Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. Container shipping companies deal with the volatility in fuel prices by adding a separate bunker adjustment factor or fuel surcharge to their freight rates. Fuel can account for more than 60 percent of the total operating costs of moving freight across the oceans so the surcharges are one of the most important elements of total


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


China’s Largest Box Ships Powered by ABB Turbochargers

Photo: ABB Turbochargers

ABB turbochargers are powering the main engines and auxiliary engines of the largest containership ever built in China, a 20,000 TEU vessel named COSCO Shipping Taurus, launched in June 2017.  This first ship was built by Shanghai Waigaoqiao Shipbuilding Co


Deltamarin Targets Better Ship Efficiency

Image: Deltamarin Ltd

Deltamarin said it aims to help ship owners and operators boost vessels’ energy efficiency with its new smart simulation tool, offering several items with significant fuel saving potential (3-6 percent of total fuel costs).   Deltamarin’s “Energy and Environmental


Hapag-Lloyd Projects Higher FY '17 Earnings

File Image: CREDIT (port of Boston)

CEO sees closer supply-demand balance in shipping market; higher earnings forecasts upheld after wider net loss.   German container shipping firm Hapag-Lloyd on Friday said it should achieve higher earnings this year, based on expectations for a moderate increase in freight rates and cost


Maersk: Shipping Recovery Coming

File Image: Credit Maersk

Maersk Line posts loss, but company sees improvement.   A.P. Moller-Maersk beat first-quarter net profit forecasts on Thursday, boosted by the energy business it plans to spin off, but also reported signs of improvement at its long-suffering container shipping business.  


Improve Your Bottom Line with Condition Monitoring Systems

6400 Diesel.jpg

All operators worry about the same thing – the next outage that puts your vessel out of commission. Millions of dollars are invested every year into maintenance programs. State-of-the-art condition monitoring systems like the Windrock 6400 can predict and help prevent downtime and failures


Tech File: Condition Monitoring Systems

AME in engine room.jpg

Improve your bottom line with condition monitoring systems   All operators worry about the same thing – the next outage that puts your vessel out of commission. Millions of dollars are invested every year into maintenance programs


Hapag-Lloyd Expects Rising Freight Rates in 2017

File Image: CREDIT - Port of Boston

Moderate increases in freights to be achieved in 2016; new Alliance membership starts on April 1.   German container shipping line Hapag-Lloyd expects freight rates to be several percentage points higher this year than in 2016, one of a number of factors that should help the company


Maersk Tankers to Trial Rotor Sails

Maersk P-Class Illustration with two 30x5 Norsepower Rotor Sails (Photo: Maersk Tankers / Norsepower)

Norsepower Oy Ltd. in partnership with Maersk Tankers, The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, have announced that it will install and trial Flettner rotor sails onboard a Maersk Tankers-owned vessel.  


A Case for LNG-fueled Mobile Offshore Units

Image: GustoMSC

GustoMSC, a Dutch design and engineering company focused on offshore energy, says the offshore industry has much to gain from examining the feasibility of using liquefied natural gas (LNG) to fuel mobile offshore units such as construction vessels, drillships, jack-ups and semi-submersibles.


Hyundai Global Services Enters into Eco-friendly Ship Services Business with KSS Line

Gas Star, 84,000cbm LPG carrier of KSS Line. The ship is going to be the first among KSS Line’s fleet to be retrofitted with Exhaust Gas Cleaning System. Photo: Hyundai Global Services

 Hyundai Global Services (HGS), Hyundai Heavy Industries’ (HHI) newly spun-off company specializing in providing total marine services announced today it signed an MOU with KSS Line, a Korean shipping company, for entering into eco-friendly ship business.  


Nb. 434 to be christened ‘Symphony Provider

Symphony-Provider Photo Symphony Shipping

On Thursday the 9th of March, 11.00 hrs Nb. 434 will be christened as ‘Symphony Provider’. She is the second in a series of two ECOBOX DP2 vessels that will be delivered to Symphony Shipping. As add-on compared to the already delivered ECOBOX design


Fleet Cleaner Completes Its First Job

Photo: Fleet Cleaner

Dutch company Fleet Cleaner said it has completed its first hull cleaning trial in December 2016 in the Dutch port of Den Helder, using a robot to clean the hull of HNLMS Karel Doorman, the largest vessel of the Royal Netherlands Navy.  


Asia's First Hybrid Electric Ferry Heralds Cleaner Sea Travel

Photo: Visedo OY

The Taiwanese harbor city of Kaohsiung has launched a new hybrid electric ferry, which aims to curb greenhouse and diesel emissions for marine passenger transport across the region.   Kaohsiung recently re-launched the Cijian Island passenger ferry


Viking Grace LNG Ferry to Install Rotor Sail

Illustration of Viking Grace with one 24x4m Norsepower Rotor Sail Photo Viking

Norsepower Oy Ltd., provider of auxiliary wind propulsion systems, announced that it has signed an agreement with Finnish shipping company Viking Line to install its Rotor Sail Solution onboard the M/S Viking Grace, an LNG-fuelled cruise ferry.  


Carnival, Wärtsilä Partner on Ship Performance

Carnival Dream (Photo: Wärtsilä)

Wärtsilä and Carnival Corporation & plc have signed a 12-year agreement that aims to strengthen the groups’ existing partnership and joint improvement efforts to maintain the higher levels for cruise ship safety and reliability






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright