There are many ways to cut operational costs in shipping. One is by cutting fuel consumption to minimum, taking into account skyrocketing fuel costs. To reduce fuel consumption, technical measures (modern ship design, proper maintenance of propellers and hull, use of fuel enhancers, etc.) and operational measures (fleet planning, speed management, weather routing, etc.) may be implemented. Fortunately with advanced technology and extensive availability of integrated shipping software in the market, implementing these measures is no longer as complicated as it was twenty years ago.
Among other options, reducing speed appears to be the easiest and most immediate course of action as far cutting fuel consumption is concerned. However, reducing speed as a way to save fuel is an advice no one in the commercial shipping industry would take, simply because in shipping, quick transit and on-time delivery of shipments are top priorities. Any delay in the arrival of ships will have an effect on the entire logistics flow which can incur significant additional costs, effectively negating any savings made in fuel consumption. Speed reduction is not a bad strategy, but it has to be implemented correctly with help of marine software solutions to produce positive results.
Voyage calculation software helps shipping companies reduce expenses on fuel by helping them manage every aspect of individual voyage. Using this software, operators can optimize vessel speed and route by calculating the effects of wind or draft, waves, water current and other related factors. The system then calculates the length of time travelled, fuel consumption, and estimated time of arrival, allowing operators to optimize the vessel’s velocity to suit weather and ocean conditions while taking into account the ship’s safe operating limit. Shipping companies can use voyage calculation software with other shipping solutions software such as container tracking software to ensure on-time arrival, low fuel consumption, and safe shipping operations.
See also related blog: High Bunker Fuel Leads To Losses For Global Shipping Lines
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