Cost management

ABB has introduced a new feature that will allow vessel owners to manage fuel costs on a through-voyage basis by optimising a vessel's optimal route and speed at the same time. Optimal speed routing advises operators of any changes they should make to the vessel track or speed to avoid heavy weather as part of overall calculations covering route optimisation. It uses latest available meteorological information and real-time inputs such as vessel daily hire costs, fuel costs and user-defined vessel performance models to recommend slowing down to let rougher conditions pass or speeding up to stay ahead of them, thereby minimising fuel consumption on calculated routes to cut costs and reduce emissions as a result.