Motorship – Ecoships customises ship efficiency

Motorship, 27 Oct 2014 – Ecoships, a subsidiary of Newport Shipping Group, has launched a customised version of the Six Sigma DMAIC approach to process and performance evaluation.

The technique is being used by the company to optimise the energy efficiency of the vessels under its management. According to Ecoships, it’s already resulted in up to 15% greater fuel efficiency, resulting in substantial reductions in CO2, NOx and SOx emissions.

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OceanHub – Ecoships management increases ship efficiency by more than 15%

OceanHub, Oct 27, 2014 – Ecoships, a fully owned subsidiary of Newport Shipping Group, has introduced a customised version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimise the energy-efficiency of the vessels under its management.

The technique has already resulted in Ecoships’ managed ships benefiting from up to 15% greater fuel efficiency, resulting in substantial reductions in CO2, NOx and SOx emissions.

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Ship Industry Seen by Morgan Stanley at Start of Two-Year Rally

Shipping is at the start of a two-year rally, led by advancing rates to haul coal, iron ore and grains, as fleet growth slows and China’s strengthening economy boosts cargoes, Morgan Stanley said.

Demand for ships will expand at a faster pace than vessels in 2014, the first time in six years that will have happened, New York-based analyst Fotis Giannakoulis said in an e-mailed report today. He upgraded estimates for the industry to “in-line” from “cautious,” and said demand for ships to haul everything from iron ore to grains will benefit most. Read more