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ROUTING PLATFORM HELPS SEANERGY ACHIEVE 12% FUEL SAVINGS

ROUTING PLATFORM HELPS SEANERGY ACHIEVE 12% FUEL SAVINGS

Tuesday, July 13, 2021 

Athens-based AI-led maritime technology company DeepSea Technologies has partnered with dry bulk shipping company Seanergy Maritime Holdings to develop, test, and improve Pythia, said to be the first weather routing and voyage optimisation platform tailored to the exact performance of vessels, under all conditions.

The platform has allowed Seanergy’s Capesize vessels to achieve a reduction of fuel consumption of up to 12%, with average fuel savings of 8%, as recorded over a series of voyages during the first four months of 2021.

Seanergy and DeepSea worked closely on the development of Pythia with the aim to build a unique performance routing tool tailored to the needs of top-tier shipping companies. Pythia is a next generation weather routing and voyage optimisation platform which uses AI-based performance models - based on detailed real-time data – to analyse 19 different parameters. The AI models track how a vessel performs over time under any conditions, including those related to the weather and the state of the vessel - such as the fouling levels. As a result of using real-time data, Pythia obtains an accurate understanding of the vessel and develops dynamic performance models for each ship, which are then used to determine the optimum routes, speeds, and trims for minimum fuel consumption.

This collaboration enables shipowners and managers to accurately calculate real fuel savings and reduction of emissions for each voyage. The approach reduces fuel costs for charterers and other bunker bill payers, while accelerating the reduction of GHG emissions within the shipping industry.

Roberto Coustas, Co-Founder and CEO, DeepSea Technologies, said: “Our great work with our partners and friends at Seanergy goes back several years, and now it’s fantastic to be able to take the traditional service of weather routing one step further by collaborating side by side with them. Together, we have managed to evolve weather routing into a true performance routing solution, that adapts to each individual company’s objectives. We are aligned with Seanergy on many of our key objectives. We are both committed to pursuing a more sustainable future for shipping that mitigates the environmental impact of our sector through collaboration. With this partnership, we are not just trialling and fine-tuning this unique optimisation technology, but also bringing to market the first performance routing platform with a proven track record of fuel and emissions savings that can push the decarbonisation efforts of the industry forward.”

Stamatis Tsantanis, CEO Seanergy Maritime Holdings, added: “Working with our partners at DeepSea and adopting Pythia is crucial for our ongoing ESG strategy. This strategy, which underpins how we aim to reduce fleet carbon emissions in a cost-effective way through technical and operational measures, will enable us to comply with IMO regulations and the United Nations’ Sustainability Goals. We believe that our industry’s increasingly ambitious sustainability aspirations and regulation will make non-efficient tonnage much harder to operate. In this environment, we aim to maintain chartering competitiveness and flexibility by striving for high-quality, environmentally compliant vessels with first-class fleet operations. Our partnership with DeepSea has been incredibly powerful in granting us a greater and more accurate understanding of our fleet performance, and in informing our decision-making process to achieve higher efficiency standards.”

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