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.

fueltrax | April 2024
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