Technical Management in Ship Operations 4
majorly due to three driving factors which entail the unpredictability of the global economy,
pressures from the regulatory firms, and the ever-increasing costs of the bunker fuel (National
Research Council (U.S.). 2016). This further implies that the management of the performance of
the ship and streamlining of its operations has gained more importance than ever.
Multiple pressures impacted on the maritime industry implies that ship owners and
contractors have to pay close attention to how their fleet is performing (Gregory & Shanahan
2013). For instance, the energy consumption of a ship has a series of parameters that are linked
to it. On the other hand, if you take a glimpse at the array of the figures on fuel prices over the
last couple of years, you can vividly realize the pressure that ship owners have been faced with
(Institute of Chartered Shipbrokers. 2011). For example, in 2012, the peak of the fuel prices was
around USD639.6 per ton as compared to just USD234 per ton in 2005 (National Research
Council (U.S.). 2016). It is of significance to note that the commercial driver for greater
efficiency of the fuel is parallel with the influx of strict regulations related to the impact on the
environment by the global shipping industry. It is one of the key drivers behind the International
Maritime Organization (IMO) passing a regulation that slapped greater sanctions on ship
efficiency and reduction in the greenhouse gas emission by the ship in July 2011 (Visvikis, &
Panayides, 2017). The shipping company should also ensure that they tore the line as suggested
by the Energy Efficiency Design Index (EEDI), which states the recommended index of the
amount of the carbon dioxide that ships are allowed to emit. Notably, shipping industry must
conform to the Ship Energy Efficiency Management Plan (SEEMP) (National Research Council,
2016). SEEMP is known an operational measure that applies to all of the ships (Gregory &
Shanahan 2013). It is aimed at establishing a mechanism for improvement of the energy
efficiency that a ship has in a manner that is relatively cost-effective. Hence, these are some of