BW Group And Miros Launch Fuel-Saving, Emissions-Reducing JV

BW Group and Miros are launching Miros Mocean, a joint venture to provide the shipping industry with a new standard in vessel performance optimisation. BW Group and Miros are combining maritime expertise and leading radar technology to overcome the performance inefficiencies of the shipping industry by providing unprecedented data accuracy into the operating conditions of a vessel, a missing piece in vessel performance until now.

The lack of reliable information on performance in actual operating conditions leads to highly variable performance data[1] and built-in tolerances in the legal contracts between owners and charterers. This lack of precision in vessel speed control and lack of accurate weather data are the largest known factors contributing to suboptimal vessel performance, leading to excess fuel oil consumption and CO2 emissions.

Says Remi Eriksen, DNV Group President and CEO: “Decarbonising the shipping industry is the grand challenge of our time. International regulators and other key stakeholders have set clear and ambitious goals for emissions reductions, and for the industry to progress, accurate measurement and reporting of emissions data will be important. As custodians of the sea, we as an industry have a duty of care to ensure that decisions are made based on the best possible data”.

Michael Parker, Chair of the Poseidon Principles Association, says: “Now that we have established what we need to measure under the Poseidon Principles, it is important for the industry to keep improving accuracy and reliability by accounting for factors such as weather conditions and other operating parameters”.

Miros Mocean – The Missing Piece in Vessel Performance Optimisation

BW Group’s own experience with Miros’ technology underpins the joint venture, with more than a year of cooperative development behind the offering.

“To be able to understand if an investment is truly optimising the performance of your vessel, you need to account for weather,” says Christian Bonfils, Managing Director, BW Dry Cargo. “The technology Miros Mocean introduces is what we at BW Group had been looking for. It gives access to accurate speed through water and weather data at the precise ship location and combined with fuel flow and main engine power meters we can quantify fuel savings of up to 10% on a single voyage. It has also helped to change the legal contracts to actual performance instead of warranties, setting the standard for the future of this industry.”

Miros Mocean combines fuel oil consumption and main engine power measurements with real-time accurate environmental conditions at the vessel’s actual location. This allows vessel owners and operators to:

• Make real-time decisions about the operation of vessels with the objective of saving fuel and reducing greenhouse gas emissions.
• Integrate highly accurate weather data into their existing vessel performance systems[2] for further performance enhancements.
• Optimise charter party contracts by using the measured performance of a vessel rather than warranties.

In this way, Miros Mocean provides real-time decision support for the enablement of performance optimisation, fuel savings, reduced carbon emissions and documentation of true weather conditions to remove uncertainty from claims. Miros Mocean’s vision is to give the shipping industry accurate and relevant performance data to optimise costs and create a transparent, collaborative, and greener shipping industry for the future.

Press Release

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Latest Shipping News You Would Like:

55 Chinese Sailors Presumed Dead After Nuclear Submarine Became Trapped Underwater, According To Sources

Posted on October 4, 2023

According to Western intelligence estimates, 55 Chinese sailors were killed when a nuclear submarine became stuck underwater, however, China denies this.

All Three Of Ukraine’s Major Black Sea Ports Have Reopened To Ships

Posted on October 4, 2023

Despite Russian threats to attack ships sailing to Ukrainian ports, all three of Ukraine’s Black Sea ports have reopened to grain exporting ships.

Four In Court Regarding A €157 million Cocaine Seizure From A Cargo Vessel

Posted on October 4, 2023

In connection with last week’s €157 million narcotics seizure off the Cork Coast, four individuals have made court appearances and have been appropriately charged.

World’s Largest Cruise Ship “Icon Of The Seas” Will Make its Debut in January 2024

Posted on October 4, 2023

The largest cruise ship in the world, the Royal Caribbean Icon of the Seas, is nearly finished at Finland’s Meyer Turku shipyard.

Remains Of US Navy Sailor Killed In The Pearl Harbor Attack Identified After 80+ Years

Posted on October 4, 2023

Officials reported this week that a US Navy man killed in the WWII attack on Pearl Harbor has been identified, over 80 years after his death.