Utilize Data And Technology To Decarbonize The Maritime Industry For A Sustainable Future

by Constantine Komodromos

February 8, 2022
Data And Technology To Decarbonize The Maritime Industry For A Sustainable Future

More than six years ago, we commenced the journey of VesselBot; this journey started after identifying that the Maritime industry did not utilize advanced technologies to enable it to improve its performance and, at the same time, lower its carbon footprint.

Sustainability has always been high on our agenda. This is because, as individuals, we are personally passionate about the development of advanced technologies that could positively impact the environment.

To help you navigate through the options available and to help you select the supplier that will be the best fit for your business, we have documented a list of the top considerations you should consider when choosing your GHG emissions data provider.

We soon realized that advanced technologies could help market stakeholders to make better, informed decisions when chartering a vessel and also help to reduce emissions substantially while executing these voyages.

Hence, initially, we developed an optimization algorithm that enables chartering decisions to be made. It identifies the optimal vessels from the total commercial fleet that can carry the cargo and significantly reduce ballast voyages, enabling our users to reduce their environmental footprint. That discussion is currently taking place, and several companies are looking for ways to optimize how they fix their vessels, reduce their emissions and at the same time increase their profitability.

We quickly realized that the chartering process alone was not enough; hence we partnered with one of our customers to build a Voyage Operations Optimization System. A Voyage Operations Optimization System that provides suggestions to its users onboard and ashore on the optimal route, speed, RPM, ETA at ports and Bunkering location for each of their voyages. This system allowed our current customers to reduce their environmental footprint GHG emissions by 10% on average, which is a substantial step towards achieving their sustainability goals.

While building our Voyage Operations Optimization System, we developed a proprietary technology of digital twins for the global commercial fleet of vessels. As a result, we can estimate emissions for all commercial fleet vessels using vessel digital twins, weather data, geospatial data of vessels, and other technologies. This system can provide visibility to users on the emissions emitted, allowing for more transparency on emissions and enabling our users to make better and more informed decisions when selecting a shipper or carrier or which vessel to charter to transport their cargo.

Nevertheless, we decided to take a step further. I firmly believe that you need to put your money where your mouth is. Therefore, we have set an ambitious target to achieve Net-Zero emissions by the end of 2022 and commit at least 1% of our revenues to green projects. That is a personal commitment that both the team and I felt we needed to make, as it represents how our minds and souls are wired.

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