A pretty cool video from Spire Global and Syroco (a shipping management/optimization platform) that highlights the impact that data from Spire’s large constellation of EO satellites could have on a business that is very challenging to optimize.
The shipping industry is facing a major transformation as it is working towards full decarbonization by 2050. Short-term actions that improve the operational efficiency of existing vessels – saving fuel, money, and time through changes in ship speed and performance – can play a critical role in reducing emissions today, while also preparing for a more manageable long-term transition which will involve more expensive zero-emission fuels and eventually a price on carbon.
Maximizing vessel and fleet performance through operational efficiency can reduce annual fuel costs by $50 billion at today’s prices, according to research done by the GMF. That means up to 20% of fuel costs will be saved up and even more if combined with energy-efficient technologies.
Hopefully, one or both companies will share some outcome data at some point in the future.
