FLEET OPTIMIZATIONaEdge is because of its ? exibility, saying they are ? nding it rela- From an international perspective, Wojtaszczyk believes the tively easy to use even with older systems and ships, in part be- market for data analytics will be forced by charterers. “If they cause the OstiaEdge platform does not require replacement of have the choice, they want you to have the tools on board to current systems, but rather integrates existing data into its system. operate the vessel in the best possible way for them and the However, ships with analog sensors will ? nd they have to owners. If you can offer the ship with the lower fuel cost, and upgrade to digital to work with OstiaEdge, says Wojtaszczyk, you can prove it using ESRG’s data, it absolutely helps a lot which he notes, is signi? cantly more expensive than having it during contract negotiations.” installed as part of a new build. “But ESRG is the champion In the U.S., the drive is going to be more primal, believes of modi? cations,” he adds. Retro? tting BSM’s ? rst ship took Finger. “Depending on mortgage and types of ships, I don’t three months, after that, most changes were installed in two think all will have to do it. However, if you are a U.S.-? agged weeks, while the ESRG software was installed and synchro- vessel, with the cost structure we have here, the savings to be nized with ABS classi? cation software, in three days. had are larger than what it might be for someone operating a Nordic is launching its pilot with new builds, but plans to non-U.S.-? agged ship. Our costs for crew and daily operating expand the application to the rest of its ? eet of vessels, the expenses are higher, so initial savings will be higher.”oldest of which was built in 2008. “The bottom line is improved performance, better risk man-Besides their willingness to bring their operations into the agement, and the ability to unearth insights that would oth-digital era, one of the things that stands out about these early erwise remain hidden. As the price of sensors, communica-adopters is that they are so certain of the ROI of real-time data tions devices, and analytic software continues to fall, more analysis that they are unfazed by retro? tting issues and costs. and more companies will be joining this managerial revolu-It’s the same for communications costs. These users simply tion,” predicts the McKinsey report. It’s not hard to see why. see plenty of evidence, in and out of their market sector, that The ROI to be had, and the breadth and speed of that return control and analysis of their data is going to be the key to on investment across the many layers of a shipping operation, long-term success on so many levels. And they don’t think should prove irresistible to anyone paying attention to the bot-most shipping companies will be able to hold out for long. tom line and all the factors affecting that number.Hull & Propeller Condition Analysis: Combining Optimize Speed based on electrical load: Especially real-time torque, engine power, draft and speed relevant when carrying refrigerated containers, in-through water enables calculation of actual work creased electrical load will drive higher speed to required to overcome hull resistance. optimize fuel consumption.54 Maritime Professional 1Q 2014| | MP Q1 2014 50-63.indd 54 MP Q1 2014 50-63.indd 54 2/26/2014 3:09:00 PM2/26/2014 3:09:00 PM