MEMBER NEWS: Miros Mocean introduces novel platform to validate energy saving devices (ESDs) in the shipping industry

June 20, 2023
MEMBER NEWS: Miros Mocean introduces novel platform to validate energy saving devices (ESDs) in the shipping industry

Miros Mocean, a joint venture between Miros Group, Copenhagen Commercial Platform, and BW Group, launches the TrueView Platform to deliver unprecedented accuracy in ship performance measurements – enabling the verification of ESD benefits, and performance-linked charter party contracts.

Investments in ESDs will become essential in reducing a vessel’s energy demand in the face of rising fuel costs and carbon levies. However, real savings have never been measured and verified in service.

Through the recently issued Recommended Practice for Technical Ship Performance and the Vessel Technical Index put on public hearing from DNV, the shipping industry finally has a standard methodology for measuring and evaluating vessel performance during operation. Miros Mocean is delivering the required technology and accuracy through its TrueView platform – making the benefits of ESDs measurable and verifiable, incentivizing owners to invest more in ESDs and thereby benefiting the environment.

In addition to validating investments in ESDs, TrueView also enables the establishment of the Efficient Charter Party (eCP), addressing the existing split incentives in commercial contracts (CP) between owners and charterers. Currently, vessels are operated based on warranties rather than optimal performance, leading to significant tolerances in CP warranties.

With the DNV-verified Vessel Technical Index, measuring the vessel’s continuous development in performance, the eCP links the actual performance to the commercial contract. Ship owners are incentivized to improve their vessels’ performance, including through the installation of ESDs. Improved performance leads to higher rates, creating a mutually beneficial situation for all parties involved while progressing with decarbonization.

“By providing accurate and verifiable data on the benefits of ESDs, we empower ship owners to make informed investment decisions that contribute to a greener future. Moreover, our eCP initiative promotes closer cooperation between contractual parties, fostering a collective commitment to decarbonization”, said Andreas Brekke, CEO of Miros Mocean. “With this true picture of how efficient and commercially viable a ship is, we can revolutionize the way the shipping industry optimizes charter party contracts, shares cost savings, and incentivizes decarbonization

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AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

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