A performance monitoring-based system used by Maersk Tankers to allocate payments to pool partners according to fuel efficiency has been certified as meeting industry standards.
The bunker adjustment method deployed by Maersk Tankers distributes payments depending on the bunker consumption of partners’ vessels compared to the pool average. The process rewards good operational performance and offers a return on investment to pool partners that invest in fuel efficiency, for example by applying anti-fouling hull coatings or training crew.
“The fact that we combine naval architectural practices with the pool distribution allows us to compare the vessels’ performance by equal standards,” said Maersk Tankers head of bunker Per Navndrup Pedersen. “We support pool partners on initiating the right actions to improve fuel performance and consequently, the pool partners’ earnings.”
Lloyd’s Register conducted an audit of the bunker adjustment calculation engine and assessed its conformity with established methodologies and published international standards, including ISO 15016:2015 and ISO 19030:2016.
“We use the bunker adjustment methodology because we believe it is the fairest and most accurate way of distributing payments related to bunker consumption to our partners,” said Maersk Tankers head of management services Ulrich Schittek. “The third-party verification by Lloyd’s Register speaks to that.”
The backbone of the bunker adjustment method is monitoring by Vessel Performance Solutions, a Danish analyst which has developed a system that verifies the accuracy of measurements used to calculate vessel performance. The resulting readings are claimed to be more reliable than monitoring solutions that do not check sensor outputs as rigorously.
Projects that improve efficiency are eligible for nomination in several categories at the Marine Propulsion Awards. Make your nominations before 24 March.