In an ever-challenging and competitive market, CNCo continues to look for innovative ways to manage its operating costs more efficiently and effectively.
CNCo has made much progress towards improving our fleet fuel efficiency by introducing and embedding the following measures:
- The company has taken an innovative step in creating an internal fleet efficiency KPI scorecard which tracks monthly fuel performance of the vessels. The scorecard showcases excess consumption of fuel in metric tonnes and its development throughout the year. The scorecard is the basis for decision making on both operational and technical performance improvements across the fleet.
- Maintaining high focus on fuel efficiency by sharing a monthly factsheet with the fleet which breaks down important information pertaining to fuel efficiency in an easy to understand format.
- Using the scorecard data to address irregularities through dialogue with vessel officers on the reasons and actions to be taken, as well as driving management decisions on scheduling propeller polishing and hull cleaning.
- Briefing of Captains and Chief Engineers by CNCo’s Fleet Efficiency Manager prior to them joining a vessel. All aspects of fuel efficiency are discussed to enable them to contribute effectively to our corporate targets. We also run monthly seminars for the senior officers to ensure their full understanding of the Company’s goals and objectives in relation to operating our vessels efficiently.
CNCo has a dedicated department which is responsible for collecting and analysing fuel use data across our managed fleet. Our Fleet Efficiency Manager manages implementation of performance management system called Fleet Decision Support Service (FleetDSS) across 50 CNCo vessels. FleetDSS is being used to optimise hull and propeller performance, voyage execution and fuel accounting on our vessels.
The initiatives to improve fleet fuel efficiency performance include:
- Monitoring voyages on-line and taking actions in case of speed deviation;
- Optimising and monitoring trim across multipurpose vessels (MPV) and bulk carriers’ fleet;
- Using high quality anti-fouling and slime release technology paints for under-water hull areas;
- Premature dry-docking of a number of poor performing vessels to clean or renew the under-water paint system to improve fuel efficiency;
- Monitoring hull and propeller performance;
- Monitoring electrical and boiler consumptions across the fleet.
We use an internal fleet efficiency KPI scorecard which tracks monthly fuel performance of the vessels. The scorecard showcases excess consumption of fuel in metric tonnes and its development throughout the year.
The scorecard is the basis for decision-making on both operational and technical performance improvements across the fleet.
The following initiatives are carried out regularly as part of our efforts to improve fuel efficiency:
- Propeller polishing – six-monthly propeller polishing leads to a reduction of fuel consumption by an average of 3%.
- Anti-fouling paint application - all new CNCo vessels, MPV and bulk carriers, are coated with high performance anti-fouling paints that deliver at least 5% of fuel savings.
- Trim optimisation – we estimate that an average of 1% in fuel savings was achieved by optimally trimming the vessels.
Those efforts translated into USD 10 million in fuel savings and the reduction of 78,850 tCO2 emissions to the environment over the reporting period in 2018.