DNV GL and Veritas Petroleum Services underpin strategic partnership with launch of new Fuel Analytics solution
HAMBURG, 17 February 2016: Veritas Petroleum Services (VPS) and DNV GL announced the launch of a new Fuel Analytics solution today. As part of DNV GL’s ECO Insight fleet performance management portal, the tool will enable a systematic assessment of the impact of fuel quality on vessel performance, for the first time ever. The Fuel Analytics solution is the result of an ongoing close cooperation between VPS and DNV GL.
“We have been the largest fuel testing services provider since our inception in 1981,” says Gerard Rohaan, CEO of VPS. “And as a result we have the world’s largest fuel sampling database – over two million tested samples. By extracting valuable information from this extensive database with state-of-the-art analytical tools, we help our customers get the best value from their bunker purchases through fast, accurate performance monitoring and decision making.”
The new fuel analytics solution is a powerful online benchmarking tool that shipping companies can use alongside ECO Insight’s existing modules, to answer three key questions:
- What impact does my bunkered fuel quality have on my vessel’s performance?
- What bunker quality have I received compared to a world fleet average of similar vessels in the same time period?
- Where do I find good quality bunker locations and suppliers?
Fuel quality is calculated in terms of four major benchmarks: technical quality (meeting the specifications of ISO standard 8217), financial quality (energy, water content), statutory compliance as well as reporting quality (deviation from the bunker delivery note). By providing aggregated and comparable benchmarks, ship operators can easily assess ports and suppliers globally on a common scale.
“By integrating Fuel Analytics within our ECO Insight solution, shipping companies can now get even more analytical depth from the most comprehensive fleet performance portal on the market,” says Dr. Torsten Büssow, DNV GL’s Head of Fleet Performance Management. “For the first time, shipping companies can now easily differentiate between the efficiency loss due to fuel quality, voyage performance, and hull, propeller, engine and systems degradation.”
Veritas Petroleum Services (VPS) delivers testing, inspection and advisory solutions that help customers achieve measurable improvements to fuel management, fuel cost, operational efficiency and marine fuel regulatory compliance. In close collaboration with the industry, the company introduced the first commercial bunker fuel testing and bunker quantity surveys for ships in 1981 and 1987, respectively.
VPS operates a global network of customer service offices supported round-the-clock by technical experts integrated with four specialised and wholly-owned ISO 17025 accredited fuel testing laboratories strategically located in Rotterdam, Singapore, Houston and Fujairah. Its bunker quantity surveys are available at more than 200 key bunkering ports worldwide.
About DNV GL
Driven by its purpose of safeguarding life, property and the environment, DNV GL enables organizations to advance the safety and sustainability of their business. Operating in more than 100 countries, the company’s 15,000 professionals are dedicated to helping their customers in the maritime, oil & gas, energy and other industries to make the world safer, smarter and greener. For more information visit www.dnvgl.com/maritime