Ship performance monitoring and simulation to reduce fuel consumption and emissions.

Project Information

SuPREmE

Grant agreement ID: 877766

DOI

10.3030/877766

Project closed

EC signature date 26 July 2019

Start date 1 September 2019

End date 31 December 2019

Funded under

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

WE4SEA B.V.
Netherlands

Periodic Reporting for period 1 - SuPREmE (Ship performance monitoring and simulation to reduce fuel consumption and emissions.)

Reporting period: 2019-09-01 to 2019-12-31

Summary of the context and overall objectives of the project

Today, maritime transport is the most preferred mode of cargo transport with 90% of all goods in the world being transported by sea. Shipping industry currently faces many challenges especially with respect to fuel emissions, costs and efficiencies. Monitoring and reporting of ship performance and efficiency is an important activity for shipping companies to stay ahead of competition and to make sizable profits. However, the current solutions are time consuming to prepare, inaccurate due to changing time zones, dynamic weather patterns etc and expensive as they need on-board hardware equipment. A survey conducted by We4Sea with 30 shipping companies showed 80% continue to use the manual reporting as the method of reporting and 67% of these companies acknowledged the inaccuracy of data collected. The monitoring and control of fuel is a priority goal for international organizations like World Shipping Council, International Maritime organization and European Commission etc, as shipping accounts for at least 3% of global greenhouse gas emissions alone and if not regulated it could produce 17% of global emissions by 2050. SuPREmE is a disruptive technology solution that used sophisticated AI and ML systems to monitor and report fuel consumption and vessel performance. The platform keeps the charterers informed about the vessels during voyages and provides actionable suggestions to improve efficiency and reduce consumption. Through SuPREmE We4Sea aims to save 100 million tonnes of C02 in the coming two years and improve shipping efficiency by more than 6%.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

During Phase I We4Sea undertook a full analysis of both the technical and business potential of the SuPREmE. Surveys conducted, identified strong market demand for the product. It identified charters as the immediate customers willing to adopt the technology and has also attracted interests of Banks under Poseidon principal as potential long-term customers. Several strategic partnerships were established that help in scale-up and further development of the system. It has secured initial customers and has designed a strong commercialization plan based on the partnerships secured.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

The SuPREmE platform is 100x cheaper than the current solutions and can be set up within an hour without the support of any hardware equipment. The accuracy of reporting is recorded to be more than 95% and it is the only solution that takes dynamic weather changes into consideration while reporting the performance of the vessel. SuPREmE is expected to save costs on fuel that are expected to rise by 40%, it would save 100 million tonnes of C02 responsible for global warming and subsequent social and health problems. It is set to disrupt the ship monitoring solutions market and drive economic growth while creating jobs within We4Sea.

Dashboard

Information flow of the We4Sea system