Challenge
Tidewater, a leading provider of larger offshore service vessels for the global energy industry, asked us to partner with them on a 90-day pilot project in 2022. The project aimed to reduce fuel consumption, decrease carbon emissions, and instill sustainable efficiency practices across their fleet.
Solution
Our successful 90-day pilot grew into a 12-month project. We installed Fueltrax EFMS and delivered our Active Fleet Management service to optimize operations across 41 Tidewater vessels. We also trained Tidewater crews to develop the throttle optimization skills necessary to drive efficient performance.
Results
The project’s results demonstrate Fueltrax’s power to reduce fleet fuel consumption, cut operational expenditures, and minimize the environmental impact of maritime operations.
- 2,479,358 Gallons of fuel saved
- $9,726,378 Cut in opex
- 19,336mt CO2 emissions saved
- Competitor performance surpassed
- Charterers fuel cost reduced
- Charterers adapting and promoting optimization protocols aboard Tidewater vessels and encouraging sustainability practices
The partnership between Tidewater and Fueltrax continues to scale globally, focusing on fuel and carbon-efficient fleets.
Installing Fueltrax ensures greater accountability and delivers savings for charterers and operators across West Africa.
The challenge
Fuel accountability is a global problem. Nigeria suffers fuel-related shortfalls estimated at $1.5 billion per month, and nearly 30% of the country’s yearly fuel production is considered unaccounted for. Demand for precisely measured, securely tracked marine fuel data is growing across West Africa.
The solution
Major International Oil Companies (IOCs) chartering vessels require an electronic fuel monitoring system that measures fuel accurately and delivers immediate transparency in reporting. Fueltrax uses Coriolis mass flowmeters to measure fuel directly and automatically alert any inconsistencies. The system is closed-loop and inclusive of 100% fuel data transfer, making installation straightforward. Fueltrax connects owners and operators to their fuel data in real-time, whatever their location, and ensures compliance with regulations, regardless of fuel or engine type. In 2018, Fueltrax was operating on over 100 vessels in the region, a figure that doubled in one year.
The process
With Fueltrax installed onboard, stakeholders receive transparent fuel consumption reporting. Raw data measured from Coriolis mass flowmeters is converted to detailed fuel consumption and bunkering reports. GPS location finders track where activities occur, aiding shore-based review and validating fuel activity decision-making. As operational data accumulates across the fleet, performance outliers are quickly identified, enabling corrective investigation and action.
The results
Charterers and operators implementing Fueltrax across their entire fleet report improved operating efficiencies and reduced fuel consumption by over 10%.
Key fuel details such as mass, volume, and temperature are recorded on customized Fueltrax bunker tickets and printed for signatures aboard. An alarm system automatically operates when inconsistencies in fuel density are detected. Crucial fuel data is transferred securely over a fully encrypted network every 15 minutes, delivering real-time, reliable information for immediate decision-making.
IOCs continue to value the increased fuel efficiency and close accounting that are now essential to successful operations, and vessel owners rely on the Fueltrax Data Delivery Guarantee to ensure critical offshore operations remain uninterrupted.
“Our clients tell us they need a system they can trust, with accurate measurements and standardized, automated reporting that gives them the facts about their fuel data as they happen. We’re already seeing its impact in Nigeria, as Fueltrax works to increase fuel accountability and ensure compliance.” – Anthony George, founder and CEO of Fueltrax.
* http://www.visualcapitalist.com/global-black-market-fuel-theft/
Our Active Management service educates and trains crews, achieving a 7x faster optimization adoption rate.
The challenge
Optimization protocols can take time for vessel crews to implement. Crew changes, daily operational demands, and adherence to traditional business methods are all barriers to rollouts of new initiatives, requiring significant time investment and onsite collaboration.
The solution
The Fueltrax Active Management service ensures the crew is well-trained in handling advanced technologies and adhering to new operational procedures, providing continuity to mitigate knowledge loss.
The process
During the implementation of new procedures, our team actively manages crews daily via our Vessel Operations Center. This and dedicated crew engagement post-implementation ensure rapid adoption and positive behavioral changes.
The results
Vessels under Active Management have a 7x faster adoption rate than non-active management. This results in a shorter ROI and 7-9 months of additional fuel savings and emissions reductions in YR1.
