Background
Research suggests that ships traveling in convoy can gain 10 - 20% fuel efficiency. Even though ships tend to travel the same routes, they don't take advantage of these potential savings.
The shipping industry spends around $4.37 trillion on fuel per year, accounting for around half of their costs, and we estimate that $18 billion can be saved annually through convoys.
Converge
By facilitating the formation and management of convoys, we will help the shipping industry reduce fuel costs and environmental impact.
Log in or sign up for Devpost to join the conversation.