Tata Steel has joined forces with a Danish technology company to use big-data to help lower emissions from ships delivering vital raw material to its European operations.
Every year Tata Steel’s two steelmaking sites in IJmuiden, Netherlands, and Port Talbot, UK receive more than 20 million tonnes of raw materials from around the globe on around 300 giant ocean-going ships.
As part of the company’s constant drive to improve efficiency and reduce its CO2 footprint, Tata Steel will use technology developed by Optimum Voyage to make precise predictions on everything from wind speeds, wave heights and sea states to ensure vessels take the most fuel-efficient route to harbour.
Cem Ugur, Group Head Chartering and Operations of Tata Steel, said: “We are strongly committed to reducing our carbon footprint to help create a sustainable environment for future generations. Partnering with Optimum Voyage will help us optimise our raw materials transportation which will reduce our greenhouse gas emissions.”
The Optimum Voyage module, a suite of optimisation algorithms, will monitor vessels carrying raw materials to Tata Steel and simulate all possible route variations. As well as making journeys more efficient it will allow for any potential changes or delays to ongoing voyages to be planned for in real time.
As a part of the sustainability objectives and initiatives of Tata Steel to align itself and drive towards International Maritime Organization carbon emission reduction targets, access to such real-time information will enable data-driven decision making to optimise individual voyage route and vessel speed more quickly and efficiently.
Mathias Nyman, Commercial Director of Optimum Voyage, said: “We are all very excited to start this partnership with Tata Steel. The module will assist Tata Steel with real-time data on vessels carrying its materials, and will provide the needed decision support in order to achieve better voyage results.”
For further information: Damien Brook on +44 (0)7818 588545 or firstname.lastname@example.org
About Tata Steel’s European operations
Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction and infrastructure, automotive, packaging and engineering. Tata Steel works with customers to develop new steel products which give them a competitive edge. The Tata Steel group is among the top global steel companies with an annual crude steel capacity of 34 million tonnes. It is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world. The group recorded a consolidated turnover of US $21.06 billion in the financial year ending 31 March, 2021.