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Maritime CEO is the portal for gaining exclusive insights into what the top people in shipping and offshore are thinking.
A team of experienced journalists from around the world makes contact with the most important executives in our industry every day. These interviews are then turned into profiles and released one per day on this site.
No other media title is so focused – and so successful – in connecting with the highest echelon in shipping and offshore.
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Data in real time key to savings
Eniram’s Captain Melvin Mathews looks at optimising fleet performance
The future of shipping lies in having the technological expertise to measure vessel performance in order to achieve optimal fuel efficiencies and support regulatory demands.
Given the increasing fuel costs and environmental pressures on compliance, freight rates are now very close to operating costs, leading to razor-thin margins, and, in many cases, operating losses. It is not surprising that given the confluence of business conditions in the maritime industry, companies are finding themselves in troubled waters and many facing extinction unless vessel management is accompanied by a more intelligent approach to achieving operational efficiencies.
It is only a few years ago, in part spurred by fuel price hikes and regulations, that the industry woke up to the importance of energy-efficient solutions that also help environmental compliance. Operators have started to appreciate intelligent data management systems on real-time platforms and integrated performance monitoring to expedite operational efficiency and downsize the operational costs of a vessel.
There is a wise saying in Buddhism: "what you are is what you have been" but "what you will be, is based on what you do now". Buddha lived around 500 BC, hence if we think that performance management is a new concept, we are definitely wrong.
A ship's performance is calculated by the efficient running of its machinery, hull, propellers, in line with overall safety and emission control. Good planning, speed management techniques and smart routing are being adopted by the crew to get closer to the ideal performance of a vessel's operations. Practical and accessible technology is helping ship's crews to monitor and align the core key performance indicators (KPIs) of vessels, and overall operations.
Monitoring vessel performance is about identifying an accurate operational baseline to help crew make ... More>>