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Maritime Digitalisation & Communications

Invest in satcoms to cut fuel costs

Tue 09 Oct 2018 by Martyn Wingrove

Invest in satcoms to cut fuel costs

Shipping needs to invest in better satellite communications to monitor and cut fuel consumption and emissions to help minimise global warming, says Martyn Wingrove

As the Intergovernmental Panel on Climate Change published its report on the effects of global warning this week, the shipping industry is reminded that it needs to reduce ship emissions, which IMO and other organisations has welcomed.

But the industry should also welcome the report for its financial benefits – for driving industry to cut emissions – which is reducing fuel expenditure. 

This can be achieved through real-time data transmissions and analytics, but only if the information can get through.

Shipowners and managers can benchmark a vessel’s or fleet’s performance over numerous voyagesusing satellite communications, saving tens of thousands of dollars a year per ship by monitoring and optimising their routes. 

That should sound appealing to any owner regardless of what they think about emissions reductions and restrictive IMO rules. 

It is accumulative, so the larger the fleet the higher the savings, with hundreds of thousands of dollars achievable with a fleet of more than 10 ships. Just imagine the savings and emissions reductions over a global fleet.

What is needed is real-time data transmissions over satellite, weather routeing services and analytics. 

In my opinion, software is already advanced enough to provide information and advice to decision makers. 

What is still needed is investment by the whole of shipping in reliable satellite communications for data transmissions. 

Some already have enough bandwidth, but there are still fleets of ships without.

Only when the complete global fleet has these services can the industry as one unit cut emissionsand owners make serious fuel savings. 

Saving the planet makes good financial sense.

If you have any comments about this video or would like to follow up with more information, then please contact me on martyn.wingrove@rivieramm.com

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