A BW Group-backed joint venture has launched a vessel performance-monitoring platform that aims to incentivise shipowners to improve efficiency and help them benefit from outperforming contractual warranties.
The Singapore-based group even thinks the Miros Mocean platform could help revolutionise shipping contracts.
The platform claims to be able to quantify fuel savings of up to 10% on a single voyage by combining accurate speed through water and weather data at the precise ship location, combined with flow and torque meters.
