Outdated ship reporting costs millions

A new industry report backed by maritime tech company Danelec is putting a spotlight on a major blind spot in ship operations: outdated data practices. According to the study, over 70% of vessels still rely on once-daily “noon reports” for performance monitoring, despite the widespread availability of real-time data solutions that can dramatically improve fuel efficiency and operational awareness.

Titled From Data to Action, the report outlines how this lack of continuous insight could be costing the global fleet millions in fuel costs. A case study included in the findings revealed one crew unknowingly burned through an extra US$4,300 in fuel on a single voyage, an inefficiency that could have been identified and addressed with live data.

”A single noon report might tell you what happened yesterday, but it can’t help you make smarter decisions in real time. If you only check your vessel’s vitals once every 24 hours, you’re operating with blind spots,” said Casper Jensen, CEO, Danelec.

The report estimates that vessels equipped with High-Frequency Data (HFD) systems could save as much as 29.7 metric tons of fuel per month, amounting to nearly 9,000 tons over a ship’s lifetime. That translates to millions in savings, alongside substantial reductions in emissions.

The pressure isn’t just coming from the engine room. Charterers are increasingly looking for proof of performance and transparency, and fleets using live data are in a stronger position to meet those expectations, secure better charter rates, and avoid costly disputes.

”High-Frequency Data doesn’t just enhance performance, it builds trust, reduces fuel waste, and unlocks new operational strategies,” added Jensen.

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