Vessel efficiency with data-driven insights

Oct 18, 2023 | Blog

During a webinar hosted by The Digital Ship, on October 10th, 2023, Stanislas Oriot, Senior Marine Consultant at Opsealog, presented on the topic of improving vessel operational efficiency with data analytics.


The Increasing Importance of Vessel Efficiency

With operating vessels becoming more costly than ever due to high interest rates, lack of new vessels, increasing ship building costs, and older vessels staying longer in the market, the importance of efficiency has been highlighted more than ever. Furthermore, the costs of emissions need to be considered in this equation. However, vessel efficiency goes beyond just fuel considerations. In fact, it is a multifaceted issue that can be addressed through a data-driven approach.

What vessel efficiency looks like in reality

When thinking about optimizing your fleet, there are 3 main categories of optimization:

  • Structural: New types of vessels, retrofits, new types of propulsion.
  • Maintenance: Hull cleaning, engine maintenance, etc.
  • Operational Efficiency: Minimizing high-consuming idle time, monitoring best practices, fleet size and organization.

The introduction of innovative vessels, alongside advanced retrofits and propulsion systems, offers promising routes to enhancing structural efficiency. Moreover, the importance of maintenance, ranging from operational optimization and hull cleaning to engine upkeep, can’t be understated. Effectively managing high-consuming idle time and constantly refining fleet size and organization are also paramount to operational efficiency.

The Power of Data in Steering Operational Efficiency

Data analytics stands at the forefront of modern vessel operational enhancement. Delving into operational behaviors by examining data histories, fresh data acquisition, and vigilant vessel tracking, unveils key patterns and potential areas of betterment. By harnessing algorithms that factor in vessel designs and engine specifications, fuel consumption predictions become more accurate. Furthermore, routine performance evaluations through reports, KPIs, and interactive dashboards ensure a culture of ongoing refinement.

Transforming Data into Actionable Insights

When furnished with relevant analytics, a plethora of optimization actions emerge. From initiatives like crane sharing and efficient buoy installation to employing shore power and monitoring best practices, the possibilities are vast. Crucially, these actions hinge on a robust data strategy, coupled with a specialized team that bears crystal-clear objectives.

Challenges in Data-Driven Projects

Achieving data-driven efficiency is a challenging endeavor with its own share of difficulties. Questions about the return on investment and cost implications of such an undertaking, the commitment to specific solutions, effective fleet management, building a cohesive team, protecting data, and the speed of implementing digital transformations are all significant concerns. Addressing these issues is crucial to achieving success in data-driven efficiency initiatives.

Spotlight on Opsealog

Opsealog is spearheading change by architecting solutions that amplify the digital transformation of maritime fleets, ensuring optimal resource allocation. Their robust platforms, spanning both cloud and desktop interfaces, prioritize data quality and seamless processes. Their collaboration with Brunei Shell Petroleum in elevating efficiency across a fleet of 66 vessels epitomizes the vast potential of such methodologies.

Embarking on Your Data-Driven Voyage

The synergy between fleet digitalization and enhanced performance is evident. Centralizing data collection amplifies the quality and efficiency of processes. Both charterers and shipowners stand to gain immensely from this strategy. However, remember, true fleet optimization is an ongoing journey intertwined with technology, rigorous analysis, and consistent evaluations. But above all, it’s about people and visionary leadership. The key is to adeptly wield your data and collaborate with experts to expedite your voyage.

Watch the full webinar here: Improving vessel operational efficiency with data analytics

Beyond the port: fuel efficiency challenges in field transits for OSV’s.

Offshore Support Vessels (OSVs) manage time logistics and intricate marine operations, where fuel efficiency is challenging, especially during transits. Faced with multiple challenges, optimizing the fleet’s consumption entails regularly assessing and monitoring...

Improving Fuel Efficiency and Vessel Availability – OSV Case Study

During a webinar hosted by The Digital Ship, on May 7th, 2024, Damien BERTIN, Business Director at Opsealog and Gilles CROS, technical director at Opsealog presented on the topic of fuel efficiency and Vessel Availability in the Offshore Supply Vessel industry. In...

Episode 2 – From Seafarer to Co-founder, Arnaud Dianoux

Welcome to the latest episode of 'Maritime with a French Accent'! In this podcast, Arnaud Dianoux, Co-founder of Opsealog will be our speaker as he shares his unique journey in the maritime world. From his earliest childhood dreams to his adventures as a cadet officer...

Episode 1 – Maritime perspectives from a former seafarer, Colomban Monnier

Maritime with a French Accent, the podcast dedicated to maritime testimonials and innovation. In this first episode of "Maritime With a French Accent" podcast, meet Colomban Monnier, Foundry Manager at Opsealog and former seafarer who shares his experience in the...

Data for Decarbonization: OSV Regulatory horizons

Offshore Supply Vessel (OSV) operators are experiencing significant pressure – while currently indirect –to comply with environmental regulations and adopt decarbonization initiatives. However, they must anticipate future regulatory requirements and prepare...

Opsealog and Jackson Offshore Renew Contract for Fleet Digitalization

Image: Jackson Offshore Marseille, 16th April 2024 –Opsealog, a provider of data integration and analysis services for the maritime and offshore industry, announced today the extension of its partnership contract with Jackson Offshore Operators (JOO), a shipowner...

Engine Utilization Optimization: A Path to Cost and Emission Reduction in Vessel Operations

Discover how an Oil & Gas operator from the Middle East leveraged Opsealog’s solutions and achieved fuel consumption savings, minimized GHG emissions, and reduced maintenance requirements by optimizing engine utilization. Driving Maritime Excellence: At Opsealog,...

7 Underestimated Aspects of Fleet Digitalization

In the ever-evolving landscape of maritime operations, fleet digitalization has become a cornerstone for efficiency, safety, and sustainability. While many aspects of this transformative technology are widely acknowledged, several underestimated facts hold significant...

Cleaner Tech & Sustainability: Key to Shipping Decarbonization

The maritime industry stands at the nexus of global trade and environmental stewardship. Shipping companies, policymakers, and seafarers alike are recognizing the pressing need to pivot towards sustainable practices to preserve our planet's health. Committing to...

A closer Look at Monitoring and Reporting on Cable-Laying vessels.

From cargo ships to offshore support vessels (OSVs), the Maritime’s operational landscape is vast and complex. With vessels navigating infinite expanses, there is a growing need for efficient systems to collect, analyze, and report data accurately. Challenges include...