Continental Focus, International Reach

BW Group and Miros Launch Fuel-Saving, Emissions-Reducing Joint Venture

Thursday, March 4, 2021

BW Group and Miros are launching Miros Mocean, a joint venture to provide the shipping industry with a new standard in vessel performance optimisation. BW Group and Miros are combining maritime expertise and leading radar technology to overcome the performance inefficiencies of the shipping industry by providing unprecedented data accuracy into the operating conditions of a vessel, a missing piece in vessel performance until now.

The lack of reliable information on performance in actual operating conditions leads to highly variable performance data[1] and built-in tolerances in the legal contracts between owners and charterers. This lack of precision in vessel speed control and lack of accurate weather data are the largest known factors contributing to suboptimal vessel performance, leading to excess fuel oil consumption and CO2 emissions.

Says Remi Eriksen, DNV Group President and CEO: “Decarbonising the shipping industry is the grand challenge of our time. International regulators and other key stakeholders have set clear and ambitious goals for emissions reductions, and for the industry to progress, accurate measurement and reporting of emissions data will be important. As custodians of the sea, we as an industry have a duty of care to ensure that decisions are made based on the best possible data”.

Michael Parker, Chair of the Poseidon Principles Association, says: “Now that we have established what we need to measure under the Poseidon Principles, it is important for the industry to keep improving accuracy and reliability by accounting for factors such as weather conditions and other operating parameters”.


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