The purpose of this paper is to provide shipping companies a straightforward tool for assessing the attractiveness of implementing a speed optimization program for their vessels. The curves and analyses provided are not meant to be absolutely accurate but rather to provide a “reasonable” level of accuracy for identifying the potential impact on profitability of a speed optimization program. The author has endeavored to highlight areas where additional technical input or accuracy improvement is appropriate for final decision-making and implementation.

Keywords:
marine transportation, calculation, relative fuel consumption factor, fuel cost, freight & logistics services, vessel speed, marine fuel, requirement, consumption, climate change
Subjects:
Environment, Air emissions, Climate change
This content is only available via PDF.
2012. The Society of Naval Architects and Marine Engineers
You can access this article if you purchase or spend a download.