In an effort to solve a longstanding industry challenge central to driving shipping’s decarbonisation pathway, ZeroNorth has come together with key industry leaders to formulate an industry-wide methodology for fuel consumption model benchmarking. 

The working group, which was formed earlier in 2021, will take advantage of new digital technologies to unlock even more precise fuel consumption predictions, delivering real knowledge and insight, and further enhancing vessel optimisation. 
  
Together the roundtable workshops with eleven participating companies - spanning ship owners, operators and managers, fuel consumption model providers and voyage optimisation software companies including Cargill, Ultrabulk A/S, PropulsionDynamic, Western Bulk , Bearing and Maersk Tankers Tankers - formulated an accuracy benchmark to assess fuel consumption model accuracy and positively impact voyage optimisation as a result. 

Following the most recent meeting, a draft ‘Tier 1’ benchmark is now ready to be tested in the market to gather feedback.  The white paper explains the methodology in more detail.  Please download and share your feedback with us.