Wärtsilä Voyage: Data will be crucial for the green future of the maritime industry

The data will play a central role in helping the shipping industry comply with new regulations on the Energy Efficiency Index for Existing Ships (EEXI) and the Carbon Intensity Indicator (CII), as well as meet its environmental, regulatory and business objectives, according to Sarah Barrett, product overview at Wärtsilä Voyage.

Drawing. Courtesy of Wärtsilä Voyage

Wärtsilä Voyage, part of the large Finnish technology group Wärtsilä, provides smart technology to enable a cleaner and more connected maritime world. It is building a digital ecosystem for commercial shipping where all ships are technologically smart, safer and energy efficient.

Commenting on this year’s World Maritime Day (WMD) which focuses on new technologies for greener shipping, Barrett said:

“The green transition is now at the top of every ship manager’s, owner’s and operator’s agenda. With IMO EEXI and CII regulations fast approaching, ensuring compliance will be a key factor for maritime organizations to leverage technology to greener shipping.”

“However, in today’s competitive maritime landscape, organizations are under increasing pressure to balance environmental and regulatory goals with actions that ensure the highest possible profit margin. Today’s powerful software algorithms can play an important role here, analyzing data to make recommendations that could inform decision-making and dramatically improve voyage and vessel performance, efficiency and optimization. Barrett explained.

“Let’s take the example of fuel – the biggest cost to shipping operations. Software-driven information can help plot the most optimized trip to consume less fuel. Not only does this reduce a ship’s emissions on that route, but it can also free up money to reinvest elsewhere in decarbonization Goals.”

“At the end of the day, data-driven decision-making will play a crucial role in the sustainability of maritime transport and ensure businesses can continue to run safe, sustainable, efficient, compliant and profitable businesses,” Barrett concluded.