Teekay Tankers to install FuelOpt technology on 25 vessels

Teekay placed the new orders Q1 and Q2 2023 after confirming that using FuelOpt on board four of their vessels operating with steady shaft power resulted in fuel savings and emissions reductions of 3-5% through 2022. 

The additional investment is a key component in Teekay’s planned strategy for greater sustainability and ESG performance across its fleet. The tanker owner’s technical director Soumendu Das Roy said, “Energy saving is a non-negotiable priority for Teekay, as we remain committed to reducing emissions and streamlining operations across our fleet. FuelOpt has demonstrated tangible savings on our pilot vessels in 2022, which we hope to replicate further in the fleet. We look forward to continue working with Yara Marine Technologies on our journey towards greener shipping.”

Yara Marine said FuelOpt is compatible with all existing and future fuels.

The system automates and executes key operational settings throughout a vessel’s voyage, to ensure fuel savings without compromising on operational efficiency.

Crew can control speed, fuel consumption and engine power – or a combination of these – through a single intuitive panel on the bridge. The system adapts propulsive power to real-time environmental conditions and eliminates costly variations in speed and power, leading to fuel savings and emissions reductions.

FuelOpt can offer support in addressing the requirements for year-on-year Carbon Intensity Indicator (CII) improvements. The system logs all performance and navigational parameters in the vessel’s performance management and reporting software which can then be synchronised with other fleet management systems.

Teekay added that when the shaft power limitation (ShaPoLi) functionality is included in FuelOpt as per Teekay’s vessels, the reporting also includes excess power reporting mandated by Energy Efficiency Existing Ship Index (EEXI) requirements on the use of ShaPoLi. With FuelOpt, the ShaPoLi functionality enforces an upper limit to the vessel’s shaft power output without any modification to the vessel’s existing machinery.

Yara Marine head of vessel optimisation Mikael Laurin said, “We look forward to continuing to support Teekay Tankers on its compliance and sustainability journey. Shipping’s continued success hinges on our ability to address existing challenges – such as the rising cost of fuels and the need to reduce emissions – while including the potential expense of future fuels in the strategy. Increased fuel efficiency is a practical, tried-and-tested solution that can address these challenges, now and in the future.”