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Danish development saves bunker costs

Danish development saves bunker costs

09-06-2017 14:00:00

J. Lauritzen A/S and Torm have saved about 66 million DKK on bunker costs through participation in the Danish Blue INNOship program. The savings have been achieved by ensuring greater transparency regarding the ships' performance.

The participation in the Blue INNOship program has saved J. Lauritzen almost 5 percent of fuel costs in 2016 compared to 2015.

"The total saving equals approximately 22,500 tons and has therefore enabled a significant reduction of emissions from our fleet,” says SverrePaturssonVange, Head of Performance Management in J. Lauritzen.

In addition, the new system has made it easier for the shipping company to monitor whether the shipping company's partners live up to their contractual obligations regarding the ships' speed and fuel consumption, explains the shipping company.

J. Lauritzen, Dampskibsselskabet TORM, VPS Vessel Performance Solutions at Aalborg University and Force Technology, are part of the initiative of a working group to develop a tool that monitors the performance of ships in order to increase fuel efficiency.

Initially, the savings for J. Lauritzen and TORM can be estimated at $ 10 million, equivalent to approximately 66 million DKK in 2016.

“The savings are significant and of course welcome given the difficult market conditions. They are a result of the simple and transparent reports developed through the Blue INNOship initiative and a more focused approach to performance,"says Claus Winter Graugaard, Head of Fleet Management in J. Lauritzen.

Source: Ship and bunker / Maritime Denmark

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