QiO and Lloyd's Register reduce ship fuel consumption with advanced analytics

Lloyd's Register was commissioned by a British ship operator to analyse fuel consumption. The operator required a software-based solution that could ingest high-frequency sensor data in real time, provide on-board analytics and bespoke visualisations, scale rapidly across the operator's fleet, and be delivered as a low-cost service.

QiO teamed with Lloyd's Register to build and deploy an end-to-end data ingestion, visualisation, and correlation solution in just 4 weeks. The mobile device compatible application was deployed in a secure cloud environment and provides the ship operator with drag-and-drop, dynamic dashboards and customisable charts based on real-time sensor data. More than 45 million data points across approximately 3 million rows from 50+ channels streaming in at 20kHz were ingested, standardised, augmented with external data sources, calculated and visualised.

QiO’s Foresight Energy® application delivered on the following benefits:

  • Helps the ship operator detect anomalies that drive excess fuel usage 
  • Anomalies are mapped to historic, current and predictive insights for a single ship or across the entire fleet 
  • The ship operator estimates a 5-8% improvement in fuel efficiency in every voyage
  • This in turn yields approximately $200k savings per ship, per year
  • Improved turnaround times through knowledge of route, weather and engine performance
     

Question

How can we get real-time data into the hands of ship operators to make in-voyage adjustments and reduce fuel consumption?

Outcome

  • Fuel efficiency improvements of 5-8%
  • Estimated fuel savings of $0.2M per ship, per year
  • Improved turnaround times through knowledge of route, weather and engine performance