Overview
Due to the combination of challenging freight markets, high fuel costs and increasing regulatory pressure on reducing of noise emissions, energy efficient fleet operation remains on top of the maritime industry agenda.
Improving energy efficiency by making the right operational decisions requires a good quality of performance data, a thorough understanding of the drivers of uncertainty in key variables suchlike as vessel speed and fuel consumption, and state of the art decision-support tools. While the volume and quality of empirical data is increasing, models of ship performance remain largely theoretical and unable to account for the high uncertainty in multiple drivers - physical, technical and commercial - of real-life speeds and fuel consumption.
The objective of REEalSea is to bridge the gap between ship performance data and decision-support tools, using state-of-the art statistical analysis and stochastic optimisation models.