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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


Maersk Buying Back Shares, Earnings Up

Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals. Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110-year history on Tuesday


GreenSteam Optimizer to Display at SMM

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As a developer of marine fuel efficiency and optimization systems, GreenSteam will showcase its fuel saving GreenSteam Optimizer in the Danish pavilion at SMM in Hamburg, September 2014. Making good decisions on board based on sound and accurate data is the basis for efficient operation of any


US Rail Jams Force Rush to Roads and Rivers

Photo: Susannah Skiver

U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on rail networks. The shift in how coal is being delivered to some power plants from mining regions


CMA CGM Continues Expansion, Confirms Profits

Photo: CMA CGM

The Board of Directors of CMA CGM Group, the world’s third largest container shipping company, met under the chairmanship of Jacques R. Saadé, Chairman and Chief Executive Officer, to review the financial statements for the second quarter of 2014.


Maersk Triple-E Ships Upgrade with Hull Performance Solutions

The capacity of a Triple-E vessel, 18,000 TEU

  Jotun, the global leader in marine antifouling coatings, has signed a landmark agreement with Maersk Line to supply Hull Performance Solutions with SeaQuantumX200 for the Triple-E new build project. The Triple-Es are the world’s largest ships - renowned as much for their energy


Kalmar Delivers 10 Straddle Carriers to MCT

Straddle Carrier of Kalmar

  Kalmar, part of Cargotec, has gained an order to supply ten electric straddle carriers to its long standing customer Medcenter Container Terminal (MCT), part of the Contship Italia Group, in Gioia Tauro, Italy. The order was booked into Kalmar's second quarter order intake with deliveries


Alfa Laval's Adaptive Fuel Line

Alfa Laval Adaptive Fuel Line

Though fuel-saving practices like slow steaming are widespread, energy efficiency continues to be a pressing concern. Vessel fuel bills remain high – and will likely become even higher for those sailing in Emission Control Areas after January 2015


Alfa Laval’s Paved Way For Environmental Solutions

PureBallast 3.0

Alfa Laval claims a place as one of today’s environmental frontrunners among marine equipment suppliers. The company’s Pure Thinking portfolio comprises not only compliant solutions for the broadest range of environmental legislation


LR to Class BC Ferries' LNG-fueled Newbuilds

Photo courtesy of BC Ferries

BC Ferries has awarded Remontowa Shipbuilding S.A. of Gdansk, Poland contracts totaling $165 million to build three new Intermediate Class LNG-fueled passenger ferries, to be classed by Lloyd’s Register (LR). The new intermediate class vessels will be the first vessels in BC


ICS Calls for Harmonized ECA Inspections

Peter Hinchliffe

The International Chamber of Shipping (ICS) is encouraging the Paris Memorandum of Understanding on Port State Control to ensure that a harmonized approach to PSC inspections has been developed in advance of the January 1, 2015 deadline with respect to the implementation of the 0


MES Gets First Order for ME-GI Marine Engine

Photo: MES

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) has received the first order of electronically controlled gas injection diesel engine (ME-GI) for MES. MAN B&W 8S70ME-C8.2-GI will be installed on two 2,400 TEU + 400 vehicles ConRo ships to be built by U.S. shipyard VT Halter Marine Inc


Nation’s Vessel Operators Join EPA as SmartWay Affiliate

Tom Allegretti, AWO President & CEO

The American Waterways Operators, a 350-member trade association representing the U.S. tugboat, towboat and barge industry, announced today that it joined the SmartWay Transport Partnership, an innovative collaboration between the U.S. Environmental Protection Agency and stakeholders in the


Evergreen Enhances UK and Ireland Services

Global container carrier Evergreen Line announced enhancements to its services to/from Dublin (Ireland) and Liverpool (Northwest England). From its hub in Rotterdam, the line will offer a twice-weekly service to Dublin and dedicated slots on a weekly basis to Liverpool.


Wärtsilä to Design Gulf of Bothnia Ferry

Wärtsilä wins ship design contract for environmentally sound Gulf of Bothnia ferry

Wärtsilä has been selected as the partner for designing a new ferry as part of the Midway Alignment of the Bothnian Corridor project. The scope of the design work will be both initial and basic design. The ferry is designed for sailing between Vaasa in Finland and Umeå in Sweden


Deltamarin to Outfit First LNG-powered Icebreaker

Image copyright Aker Arctic

Deltamarin Ltd. has been awarded a contract by Arctech Helsinki Shipyard Inc. for the entire machinery and technical spaces outfitting production design of the first LNG-powered icebreaker. The vessel is to be built for the Finnish Transport Agencey






 
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