Laskaridis Shipping Co. Ltd. - Experts & Thought Leaders

A research project that brings together The Cambridge Centre for Advanced Research and Education in Singapore (CARES), Laskaridis Shipping Co. Ltd and Metis will evaluate the real impacts of the fuels offered to solve shipping’s decarbonisation dilemma. The International Maritime Organisation’s strategy for greenhouse gases aims at ships reaching net-zero GHG emissions by around 2050 and ensuring uptake of near-zero GHG fuels by 2030. However, reliable real-world data regarding the impact of different low-carbon fuels is elusive. Analytics and performance The three-way collaboration will make high-frequency data captured by analytics and performance evaluation specialist Metis from the Laskaridis Shipping Co. Ltd in-service bulk carrier ICARUS available to CARES.  Three-way collaboration will make high-frequency data captured by analytics and performance With funding from Singapore's National Research Foundation, data scientists at CARES have developed tools to model ship lifecycle pathways towards decarbonisation. These include the lowcarbonship.com online calculator, which helps users to compare vessel performance across a range of fuel and decarbonisation options, including Heavy Fuel Oil, on-board carbon capture and others. Integrating individual vessel characteristics  Professor Nondas Mastorakos from CARES said: “We are fortunate to collaborate with Metis and Laskaridis Shipping Co. Ltd. who have kindly agreed to give us fuel consumption, weather and routing information. This will allow us to apply our modelling tools and provide “what if?” answers based on realistic data. In this way, effective decarbonisation strategies can be developed quickly.” The collaboration will create an invaluable database for projecting ship CO2 reductions Integrating individual vessel characteristics such as weight, volume and cargo displacement into the modelling, as well as energy consumption and emissions data, generates realistic inputs to develop an accurate picture of a ship’s future performance across a range of fuel options. The collaboration will create an invaluable database for projecting ship CO2 reductions, based on a granular analysis that goes far beyond estimates based on average fuel consumption and routing. Commercial and sustainability imperatives “The maritime sector is considering many decarbonisation options to reduce its environmental footprint,” said Panos Theodossopoulos, Chief Executive Officer, Metis. “However, no single option is emerging as a clear winner. Consensus suggests that shipping’s carbon neutral future will rely on a range of alternative fuels, supply chains and technologies." “This research provides key examples of the way digitalisation and advanced analytics will help ship owners develop successful pathways towards decarbonisation which balance their commercial and sustainability imperatives.” Collaboration with CARES and Metis Laskaridis Shipping Co. Ltd. has prioritised investing in digitalisation and data analytics Laskaridis Shipping Co. Ltd. has prioritised investing in digitalisation and data analytics in order to achieve greater ship efficiency and measurable progress towards decarbonisation across its fleet. Nikolaos Tsoulakos, Innovation & Technology Manager of Laskaridis Shipping Co. LTD, emphasised: "The high-frequency data collection systems installed on our vessels serve as the foundation for harnessing the potential of AI. Through collaboration with CARES and Metis on this initiative, our aim is to contribute to the scientific community by sharing data and providing valuable insights to the maritime sector through data analysis and performance analytics. Our objective is to achieve operational excellence, reduce the carbon footprint, and advocate for the widespread adoption of digitalisation among maritime enterprises." Bureau Veritas DATAINFRA notation Last year, Metis and Laskaridis Shipping Co. Ltd. collaborated to secure the first Bureau Veritas (BV) DATAINFRA notation, recognising the bulk carrier LETO’s data infrastructure for reliable collection, transmission, storage and sharing data. LETO also received BV’s SMART (EnE1-W, -S, -Em) notation for the smart functionality on board covering energy efficiency, speed optimisation, weather routing and emissions monitoring. 

A smart ship partnership bringing together ship management company Laskaridis Shipping, digital technology provider METIS Cyberspace Technology, and classification society Bureau Veritas (BV) has developed new notations reflecting the latest advances in digitalisation, and in particular the use of augmented data to optimise the efficiency of shipping operations and reduce greenhouse gas emissions. The results of this partnership were made official during a meeting at the offices of Laskaridis Shipping Co. LTD. on the 17th of November 2023. AiP for Ship Connect System The project, which was launched in June 2022, led to BV delivering Approval in Principle to METIS Cyberspace for its METIS Ship Connect System, an automated data acquisition platform for the monitoring of vessel operations and subsystems. Furthermore, two new classification notations were awarded to the bulk carrier LETO, built in 2015 and managed by Laskaridis Shipping CO. LTD., which is one of the 20 ships of the company’s fleet equipped with METIS Ship Connect. Internet of Things component METIS Ship Connect collects data streams from onboard sensors, instruments, and automation control systems METIS Ship Connect serves as the onboard Internet of Things (IoT) component within the METIS solution. METIS Ship Connect collects data streams from onboard sensors, instruments, and automation control systems that are utilised by the METIS cloud–based platform to generate actionable intelligence. Essential vessel metrics such as fuel oil consumption, engine performance, electrical power production, etc. are monitored in real time, and through advanced data analytics and machine learning techniques the METIS platform provides optimisation recommendations, predictive insights, and regulatory compliance management. DATAINFRA notation With METIS Ship Connect on board, the bulk carrier LETO became the first vessel to be awarded the DATAINFRA notation, which was developed by Bureau Veritas as part of the project. The DATAINFRA notation recognises that the ship is equipped with data infrastructure consisting of data assets, technologies, organisations, and data management processes, ensuring the reliable collection, transmission, storage, sharing, and availability of data to multiple data consumers. SMART (EnE1-W, -S, -Em) notation METIS Ship Connect platform will help ship managers reduce greenhouse gas emissions from vessels The LETO is also the first in-service vessel to receive BV’s SMART (EnE1-W, -S, -Em) notation, which recognises that the company and the vessel incorporate software and hardware that provide smart functions for the collection, transmission, analysis, and visualisation of data related to energy efficiency, speed optimisation, weather routing, and emissions monitoring. Focusing on the use of big data and AI technology, the new notations and the METIS Ship Connect platform will help ship managers reduce greenhouse gas emissions from vessels and optimise performance. The project and notations scope support ship-to-shore connectivity, remote decisions, and remote operations. Optimise operations and energy efficiency Mrs. Eleni Polychronopoulou, CEO at METIS Cyberspace Technology, said, “Shipping is coming to accept that real-time vessel data, predictive analysis, and artificial intelligence will be crucial to meeting the needs of the transition ahead." "Used correctly, data not only helps optimise maritime operations to boost energy efficiency but also supports better decision-making at the strategic level. Approval in Principle from Bureau Veritas confirms METIS Ship Connect as fully ready and fit for purpose to help the maritime industry navigate its digital challenges.” Addressing challenges and optimising data We seek and value such partnerships to improve and optimise the use of the gathered data" Regarding the cooperation with Laskaridis Shipping, Mrs. Polychronopoulou noted “We seek and value such partnerships to improve and optimise the use of the gathered data." "As we are in the process of a large development program at METIS for on-board and office tools, receiving good feedback helps us to develop these tools in the right direction.” Maritime digitalisation Ms. Suzanna Laskaridis, Chairwoman of Lavinia Corp., said, “We are proud to pioneer maritime digitalisation." "The latest notations awarded to our LETO vessel highlight our commitment to using advanced data collection and real-time monitoring solutions to maximise our operational efficiency while also reducing our carbon footprint." Digital technologies Unlocking new possibilities in the field of maritime digitalisation that can benefit our companies" "Digital technologies have tremendous potential to drive operational excellence and enhance sustainability, which is why they are at the heart of our long-term strategy." "Through cooperation in innovation like this one we can open the way for transformative developments, unlocking new possibilities in the field of maritime digitalisation that can benefit our companies but also the industry at large.” Data evolution Mr. George Christopoulos, COO of Laskaridis Shipping Co. LTD. noted, “All of our newbuildings with BV Class will have the SMART notation. We want to take advantage of the evolution in technology until 2027 when the ships will be delivered." "We have agreed with the shipyards to perform sea trials using high-frequency data. The shipyards also want to add the SMART notation as their designs are upgraded." Data-driven operations We are transparent and agree to include in our charter parties specific clauses for CII and EU ETS" "Our target is to expand the concept and prove that we are actively engaged in data-driven operations. Our biggest charterers are already requesting high-frequency data analytics." "On our side, we are transparent and agree to include in our charter parties specific clauses for CII and EU ETS. We are also in the process of upgrading to mass flow meters which very much improve our consumption measurement accuracy.” AI systems Mr. Nicholas Tsoulakos, Innovation & Technology Manager of Laskaridis Shipping noted, “We are in the era of digitalisation and the high-frequency data collection systems that we have installed on our vessels are the basis for the upcoming AI systems that are coming or are already available in the maritime industry.” Mrs. Paillette Palaiologou, Vice President for South East Europe, Black Sea & Adriatic (SEEBA) Zone at Bureau Veritas Marine & Offshore, said, “Digitalisation is the essential foundation for progress on decarbonisation and operational efficiency more broadly." Digitalised and autonomous ships "This project builds on Bureau Veritas’ strategy to support technological advances and digitalisation in shipping, enabling safe innovation as the industry progresses towards more digitalised and autonomous ships." "This partnership is also a tangible example of BV’s dedication to collaboration, bringing together our diverse expertise and experience to achieve meaningful outcomes.”