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Eco-friendly and customer-driven Sail plan optimisation service

Project description

New system increases efficiency of overall ship management operations

Rising fuel prices and environmental restrictions are putting pressures on the profitability of commercial shipping and the affordability of the import and export sector. In this context, the EU-funded EcoSail project will market launch and scale new energy-efficient and cost-effective technology aimed at reducing fuel consumption by at least 7 %. This solution is the result of several EU-funded R&D projects (SpaceNav, Navtronic and Sectronic) leading to a verified and demonstrated prototype. The EcoSail system combines weather routing and voyage optimisation. Specifically, its sustainable sail plan service incorporates smart features like self-learning ship performance and advanced decision support systems, allowing end-users to optimise ships’ sailing routes and time schedules to obtain the lowest possible fuel consumption and air emissions.

Objective

The overall vision is to bring our patented EcoSail technology to full market maturation, to pilot the system and to arrive at its commercialisation as a new energy efficiency and cost-effective solution for the global maritime transport market. Our innovative route planning service will be a disruptive new market entry, reducing fuel consumption by at least 7%. EcoSail is rooted in the clear market-pull caused by the industry need to increase its cost efficiency and decrease environmental impacts. It is the result of several EU-funded R&D projects (SpaceNav, Navtronic & Sectronic) leading to a verified and demonstrated prototype (at TRL7) and confirming the commercial and economic viability. In these projects, the SMEs (OSM, GMS, ONL) developed a roadmap for technical improvements and a strategic business plan on entering the global maritime transport market. The EcoSail project approach is to execute these plans; technically advance EcoSail to TRL8 (WP1) and qualify the service in real-life operations to reach TRL9 (WP3). To support commercial viability, we will conduct a range of market maturation activities in WP4-5 and secure a dedicated EcoSail 'Training Academy' for future maritime masters, users and commercial staff (WP2). We bring together a strong consortium, the three lead SMEs with deep industry knowledge have teamed up with the world-class RTO, CHA, specialising in EO data and maritime training simulations, and a large offshore industrial target user (LAM), to successfully market launch and scale the ground-breaking EcoSail service platform. EcoSail will create a measurable consortium impact - as accumulated revenues of €87.1m for the 5-year post-project (2020-24), with accumulated gross profit of €44m and employment growth of 95 FTEs, and 80 FTEs in our value chain. Further, we will enable between €1.4bn to 2.7bn in reduced costs for our clients and decrease their CO2 emissions by 11m tonnes and their SOx emission by 0.3m tons.

Coordinator

O.M. OFFSHORE MONITORING LIMITED
Net EU contribution
€ 784 175,00
Address
NIKOU PATTICHI 26
3071 Limassol
Cyprus

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Κύπρος Κύπρος Κύπρος
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost
€ 1 120 250,00

Participants (5)