Veritas Petroleum Services (VPS) and DNV GL have unveiled a new fuel analytics solution to assess the effect of fuel quality on vessel performance.
The new technology is claimed to be first of its kind and is a result of the partnership between the two companies.
As a part of DNV GL’s ECO Insight fleet performance management portal, the tool will allow a systematic approach in measuring the impact of the quality of fuel used to propel the ships.
The ECO Insight tool is aimed at promoting fuel efficiency and helping incur lower operational costs.
The ECO Insight portal displays the comprehensive ship performance data and allows in-depth data analytics and continuous fleet performance management.
The new fuel analytics solution is an online benchmarking tool integrated with ECO Insight’s existing module, which is to be utilised by shipping companies to assess the impact of fuel quality on the vessel, to measure the bunker quality when compared to a world fleet average of similar vessels in the same time period and to locate good quality bunker locations and suppliers.
VPS CEO Gerard Rohaan said: "By extracting valuable information from this extensive database with state-of-the-art analytical tools, we help our customers get the best value from their bunker purchases through fast, accurate performance monitoring and decision making."
The fuel quality is adjudged on parameters that include technical quality (meeting the specifications of ISO standard 8217) and statutory compliance.
The ship operators leverage on these comparable benchmarks to assess ports and suppliers in a comparative way.
DNV GL Head of Fleet Performance Management Torsten Büssow said: "For the first time, shipping companies can now easily differentiate between the efficiency loss due to fuel quality, voyage performance, and hull, propeller, engine and systems degradation."
Earlier this month, DNV GL and Russian Maritime Register of Shipping (RS) had entered into a bilateral framework agreement on a range of subjects in a bid to boost their competencies.
Image: DNV GL’s head of fleet performance management Dr. Torsten Büssow (left) and VPS CEO Gerard Rohaan sign the agreement. Photo: courtesy of DNV GL AS.