Unlocking the power of multi-objective algorithms for voyage optimization and vessel performance

Vessel performance goals vary depending on the company’s priorities. Some companies prioritize minimizing CO2 emissions absolutely, while others aim to minimize CO2 emissions without increasing voyage time beyond a certain limit. Additionally, some companies aim to maintain their position in a CII “C” band, while others aim to meet emissions standards set by their customers, such as charterers. Other considerations, such as the desire to minimize voyage time or the use of more expensive lower sulfur fuels, may also impact vessel performance. Furthermore, changes in weather can require a complete reassessment of vessel performance objectives.

To accurately assess the various performance options, companies require tools that provide high-fidelity calculations and models, which can be updated as needed. These tools should include a high-fidelity model of the ship’s power-speed relationship under different weather and loading conditions, as well as accurate weather prediction data. Other specialized models may also be necessary, such as those that account for the power consumption of refrigerated container units (reefers) or specialized wind analysis tools.

The webinar is presented by Chris Manzeck, Meteorologist and Product Marketing Manager, Spire Global, and Peter Mantel, Master Mariner and Chief Commercial Officer, Theyr.