• 2021 May 4 12:38

    BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data

    Bunker software supplier BunkerMetric integrates its flagship BunkerPlanner application with Inchcape’s World of Ports (WoP) service to source accurate and constantly updated data on bunkering-related port call costs.

    Choosing the right bunkering port has a huge impact on the Time Charter Equivalent (TCE) of a voyage. Operators making the right call can easily improve the TCE by hundreds of dollars per day, or tens of thousands of dollars per voyage. BunkerPlanner generates a bespoke bunkering plan for each vessel and voyage based on the latest available schedule and prices, typically pulled through integration with the client’s Voyage Management System (VMS) and now supplemented with data from Inchcape.

    Integration with WoP means the software also takes up-to-date port call, anchorage, barging and other costs into consideration, enabling operators to choose the right bunkering ports from multiple bunkering scenarios without worrying about unexpected outlays.

    “Choosing a bunkering port is sometimes simplified into a choice of the lowest dollar per mt [metric ton]. But to truly improve voyage TCE you need to look more holistically at the implied costs of bunkering. Is it induced, how long is the deviation, and how much is the port call cost? Vlissingen may be 15 dollars per mt lower than Skaw, but the anchorage cost can easily be 10,000 dollars higher at Vlissingen, cancelling that benefit. By including World of Ports port call data we are significantly adding to the value of BunkerPlanner for our clients,” said BunkerMetric CEO and co-founder Christian Plum.

    WoP gathers detailed data on a huge number of ports worldwide, including all the main bunkering locations, and can at a vessel-class level give detailed insight into the costs, locations and other operational details where bunkering can be provided.

    Jeff Clark, Head of WoP at Inchcape, says the BunkerPlanner integration is an excellent example of exactly how digital innovation is transforming shipping through the power of data.

    “By leveraging Inchcape’s global network combined with the Port Cost Estimator module in WoP, we can provide a data feed to BunkerPlanner allowing their users to access voyage-critical port cost data through one dashboard, instantly. We’re delighted to be supporting BunkerMetric in helping their customers optimise voyage costs through their digital platform,” Clark said.

    WoP data has already been integrated in BunkerPlanner and is live. Fernando Alvarez, BunkerMetric co-founder and CTO, says feedback from vessel operators indicates they view this not only as real improvement to the system, but it also deepens their understanding of how digital tools can support decision making.

    “BunkerPlanner adds actionable intelligence to operators’ decisions by calculating many bunkering strategies. Operators spend large amounts of money on bunkers, and our solution offers an unusually high ROI and a very short payback period. A single optimized stem recommendation can easily pay for the cost of the software for that vessel,” he said.

    ABOUT BunkerMetric
    Scandinavian software company BunkerMetric was founded in 2017 and is a leading global provider of bunker planning and optimization solutions for shipowners and charterers. Its cornerstone product, BunkerPlanner, helps vessel operators around the world reduce bunker costs and improve decision transparency across the bunkering, chartering and vessel operations desks. The application ensures regulatory compliance and dramatically improves financial results creating impact where it really matters – on the bottom line of each voyage.

    ABOUT Inchcape Shipping Services
    Inchcape Shipping Services is a global provider of port agency and maritime services, with 240 offices in 60 countries and a team of 2,500 professional and dedicated staff. Inchcape’s unique geographical footprint means it can offer customers a full range of services, delivered safely, transparently and with exceptional service wherever they are in the world.

    Inchcape’s diverse global customer base includes owners and charterers in the oil, cruise, container and bulk commodity sectors, as well as naval, government and inter-governmental organisations.




2021 September 16

18:35 Boskalis completes EUR 100 million share buyback program
17:30 Construction of port Lavna kicked off in Murmansk Region
17:21 APM Terminals opens first “Fast Corridor” between Vado Ligure reefer terminal and inland customers in Italy
17:05 Wärtsilä cloud simulation now available on-demand via OTG’s Ocean Learning Platform
16:41 Evergreen’s Ever Ace with WinGD’s large bore X92 bore size engines crossed the Suez Canal
16:14 The new Port of Calais officially inaugurated after six years of construction
15:45 Southampton’s newest cruise terminal officially opened
15:35 Organizers of International Conference “Development of Icebreaking and Support Fleet“ offer the event programme
15:14 Dublin Port publishes Port Infrastructure Charges Pricing Strategy 2022 to 2026
14:53 Port of Oakland beef export volume up 25 percent in Jan - July 2021
14:37 UK ports welcome public support for clean maritime projects
14:26 IVECO and Nikola sign MoU with Hamburg Port Authority for zero-emission Class 8 battery-electric trucks
13:40 SMM Maritime Industry Report (MIR) shows industry on track for sustainability
13:16 MABUX: Bunker Weekly Outlook, Week 37, 2021
13:02 Port of Los Angeles cargo volume exceeds 954,000 TEU in August 2021
12:11 Sharrow Marine announces plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program
11:47 TransContainer arranged transit transportation from Korea to Turkey via Far East and Novorossiysk ports
11:24 DOF Group announces new contracts in Brazil
11:02 Cargo-passenger ferry Pavel Leonov arrived at Korsakov, the ship’s homeport
10:38 Capacity of Vostochny Port’s multipurpose complex to be raised to 117,000 TEUs per year
10:21 Norwegian Ministry of Petroleum and Energy sees great interest in the Norwegian continental shelf
10:13 DFDS acquires ICT Logistics
09:49 Crude oil prices continue rising driven by data on reduction of reserves
09:30 Maersk acquires a Portuguese cloud-based logistics start-up HUUB
09:16 Baltic Dry Index as of September 15
09:15 MABUX: Global bunker prices may rise sharply on Sep 16
08:28 Castor Maritime announces new charter agreements

2021 September 15

18:43 Royal Phuket Marina’s inner-channel dredging project to deliver round-the-clock access for boats up to 35 metres
18:37 NJEDA and PSEG sign 78-year lease for the New Jersey Wind Port
18:17 PGS sets multiple acquisition records
17:55 Nefteflot lays down two ships of Project RDB 66.62
17:31 Subsea 7 awarded FEED contract in Norway
17:30 Gazpromneft Snabzheniye and Yamal-Nenets Autonomous Region to develop industrial and logistics park Obsky Prichal in Labytnangi
17:09 bp and NYK Line join forces to help decarbonise hard-to-abate sectors
16:57 SFL sells seven handysize bulk carriers
16:51 Yantar shipyard launches production of thermal and sound insulation
16:06 Sea Machines Robotics to embark on 1,000 nautical mile autonomous and remotely commanded journey around Denmark
14:34 Embracing digitalization will bring new opportunities and new discipline to cargo underwriting, says IUMI
14:02 Container ship FESCO Yanina joins the FESCO fleet
13:03 ICS issues new anti-COVID guidance
12:55 Evergreen Marine renews its 22-year LTSSP contract with KDI for another decade
12:49 SCF and Gazprom Neft join forces to facilitate decarbonisation and digitalisation in energy shipping
12:11 Options taken on additional Knutsen OAS LNG carriers results in three more Compact Reliq orders for Wärtsilä
11:37 PJSC TransContainer launches regular service from China to Rostov-on-Don via Nakhodka
11:15 Aker Solutions wins subsea FEED contract for NOA Fulla
10:58 Throughput of Kaliningrad port in 8M’2021 fell by 2% Y-o-Y
10:35 Throughput of port Vyborg in 8M’2021 rose by 46% Y-o-Y
10:13 Throughput of port Primorsk in 8M’2021 fell by 1% Y-o-Y
09:50 Throughput of port Vysotsk in 8M’2021 fell by 5% Y-o-Y
09:31 MABUX: Global bunker prices do not change and stay steady on Sep 15
09:29 Crude oil prices rise on reduction of reserves
09:14 Baltic Dry Index as of September 14
08:22 ABS launches industry-first simulation decarbonization service

2021 September 14

18:31 Loss prevention provides a ‘virtuous circle’ of returns, says IUMI
18:06 ABP and DB Cargo UK win the Rail Freight Group’s award for Customer Care
17:45 Port of Ust-Luga throughput in 8M’2021 rose by 3% Y-o-Y
17:26 AD Ports Group leased out over 2.2 million square metres of industrial land in H1 2021
17:06 DEME, Qair, and Aspiravi to bid into Scottish offshore wind leasing round
16:42 Average spot market price for Russian M100 product rose to RUB 24,458 pmt as of September 10
16:21 British Ports Association responds to Government Brexit borders announcement