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Veritas Petroleum Services (VPS) and DNV GL has announced the launch of a new Fuel Analytics solution today. As part of DNV GL's ECO Insight fleet performance management portal, the tool is said to enable "a systematic assessment of the impact of fuel quality on vessel performance, for the first time ever".

The Fuel Analytics solution is the result of an ongoing cooperation between VPS and DNV GL.

"We have been the largest fuel testing services provider since our inception in 1981," commented Gerard Rohaan, CEO of VPS, in a statement, "And as a result we have the world's largest fuel sampling database - over two million tested samples. By extracting valuable information from this extensive database with state-of-the-art analytical tools, we help our customers get the best value from their bunker purchases through fast, accurate performance monitoring and decision making."

The new Fuel Analytics solution is an online benchmarking tool that is designed for shipping companies to use alongside ECO Insight's existing modules, in order answer three key questions:

- What impact does my bunkered fuel quality have on my vessel's performance?

- What bunker quality have I received compared to a world fleet average of similar vessels in the same time period?

- Where do I find good quality bunker locations and suppliers?

Fuel quality is calculated in terms of four major benchmarks: technical quality (meeting the specifications of ISO standard 8217), financial quality (energy, water content), statutory compliance as well as reporting quality (deviation from the bunker delivery note). By providing aggregated and comparable benchmarks, ship operators are able to assess ports and suppliers globally on a common scale.

"By integrating Fuel Analytics within our ECO Insight solution, shipping companies can now get even more analytical depth from the most comprehensive fleet performance portal on the market," remarked Dr. Torsten Büssow, DNV GL's Head of Fleet Performance Management. "For the first time, shipping companies can now easily differentiate between the efficiency loss due to fuel quality, voyage performance, and hull, propeller, engine and systems degradation."

To learn more, please visit http://performance.dnvgl.com.

A short video about the new Fuel Analytics solution can be found at the following address: https://www.youtube.com/watch?v=SMgvZBs5hz4