ABS Introduces Groundbreaking Modeling and Simulation Service

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Credit: Julius Silver/Pexels

ABS has introduced a ground-breaking new Green Shipping Corridors Simulation programme that will enable global design and implementation of sustainable energy initiatives. This is a first for the globe.

The intricate network of stakeholders engaged in corridor development is meticulously simulated by the advanced modelling capacity, providing the information necessary to support investment and policy decisions, as reported by Cision.

Green shipping corridors

“Green shipping corridors will be at the heart of any successful movement to decarbonize our industry. But these initiatives require advanced analysis beginning at the pre-feasibility stage through the full lifecycle of corridor development. With assets and operations from multiple stakeholders and a wide range of operational, policy, and regulatory issues to consider, simulation and optimization tools are ideal for providing the critical analysis that accounts for uncertainties of the many variables affecting corridor design,” said Christopher Wiernicki, ABS Chairman, President and CEO.

Alternative future fuel

“ABS’ simulation technology offers the fidelity of a digital twin, or digital sandbox if you prefer, shaping key decisions across the entire range of stakeholders by evaluating a range of transition path options and alternative future fuel scenarios to determine the best approach for a specific corridor. This includes macro-level corridor design issues with the stakeholder coalition and stakeholder-specific decisions by fuel suppliers, port authorities and terminal operations, vessel owners and operators, and cargo owners and shippers.” 

Complementing the modelling and simulation service is a new ABS publication, An Approach to Green Shipping Corridor Modeling and Optimization, exploring two green shipping corridor case studies: the Singapore-Rotterdam containership initiative and the Australia-Japan iron ore bulk carrier proposal.

Using computer technology

“Computer-based modelling and simulation is one of the most effective methods to address system complexities, and ABS is leveraging our extensive capabilities in advanced optimization and modelling to support clients and industry stakeholders to accurately evaluate the performance of potential green corridors,” said Dr Gu Hai, ABS Vice President and the Head of ABS’ Global Simulation Center based in Singapore.

The studies’ findings offer a shared framework for making decisions based on facts. The model is able to produce a wide variety of detailed data, such as fleet fuel mix, newbuilding vessel investment requirements, annualised port investments, fuel demand prediction in particular ports, fuel storage needs in particular ports, year-over-year fuel procurement for port bunkering stations, and more.

 

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Source: Cision