DeepSea launches The 10% Initiative To Help Ship Owners

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  • DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, has announced the launch of The 10% Initiative.
  • With DeepSea’s technology, it is possible to unlock energy efficiency improvements of at least 10% across almost any fleet.
  • The 10% target set could have a dramatic impact, when considered in the context of this year’s IMO efficiency target, which is just 1%.

DeepSea Technologies, the award-winning Al-led maritime technology company and energy efficiency experts, has announced the launch of The 10% Initiative, a new project that helps ship owners and operators to incrementally implement the latest optimisation technologies across their fleets, says an article published on their website. 

Launch of The 10% Initiative

With DeepSea’s technology, it is possible to unlock energy efficiency improvements of at least 10% across almost any fleet in 12 months. 

The new framework sets this as the ultimate target, but is focused on promoting a gradual, data-driven approach that is sensitive to the differing requirements of every shipping company.

The initiative will leverage a combination of AI-driven vessel performance insights and optimisation to help participants embrace optimum energy efficiency strategies for their assets.

The 10% initiative is open to any company

Containership owner, Euroseas Ltd. as well as Dry Bulk owner, EuroDry have already signed up their full fleets to the initiative and are currently working closely with DeepSea to reduce emissions through the adoption of energy efficiency technologies.

The 10% initiative is open to any company regardless of their digital or decarbonisation transformation status and aims to empower participants to play a leading role in decarbonising their fleets, the shipping industry and the planet.  

DeepSea will work closely with every company in The 10% Initiative to deploy, monitor, optimise and, critically, measure the impact of their efforts across time, as well as feedback to companies what energy efficiencies and fuel savings they have achieved.

Unlock energy efficiency improvements

With DeepSea’s technology, it is possible to unlock energy efficiency improvements of at least 10% across almost any fleet in 12 months.

The 10% energy efficiency enhancement set out in the Initiative is both realistic and achievable.

It is in line with the results achieved by ship owners and operators using DeepSea’s weather routing and voyage optimisation software, Pythia, which was recently proven to have achieved reductions in fuel consumption of up to 12% over a series of voyages earlier this year. 

Further efficiency gains are also possible by deploying AI-driven vessel performance platforms which help to identify ideal operating procedures tailored to individual vessels, give early warnings of issues, and provide a comprehensive overview of fuel consumption.

DeepSea’s genuine desire

Deepsea’s launch of The 10% Initiative comes just weeks before the critical COP26 climate summit in Glasgow, UK, where a palpable sense of urgency is expected to pile further pressure on the shipping industry to accelerate its decarbonisation efforts. 

The Initiative reflects DeepSea’s genuine desire to collaborate with the industry in generating an ambitious and meaningful response to climate change. The 10% target set could have a dramatic impact, when considered in the context of this year’s IMO efficiency target, which is just 1%. 

It could also generate considerable financial savings, in an era where ship owners and operators face rapidly spiraling costs to comply with increasingly stringent environmental regulations. 

For example, a 10% energy efficiency improvement is also an estimated $500k annual fuel saving per year on a VLCC (assuming it travels 330 days per year).

The 10% initiative is open to any company regardless of their digital or decarbonisation transformation status Commenting on the announcement, Angus Whiston, Commercial Director, DeepSea Technologies, said:

“We’re delighted to say that we have the proven technology to make this kind of efficiency improvement across a fleet. The industry challenge is now all about implementation. There are  many shipping companies out there that aspire to engage with this kind of technology, but may not know how to approach it. This initiative is aimed at those companies – as well as those that are already leading the field in terms of decarbonisation strategies and want to push further. We are providing a realistic, accessible and effective framework to support the implementation of these technologies at the pace required by each different company. “

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Source: DeepSea

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