How to improve transparency in chartering?
Published date: 23/10/2020

Performance, as they say, is everything. Increase performance and you reduce emissions, save costs, improve reliability, and ultimately better please your customers.

This October, leading charterers launched the Sea Cargo Charter, aimed to provide a global framework for aligning chartering activities with responsible environmental behavior to promote international shipping’s decarbonization. The aim is to request information from owners that will allow annual reporting of how much fuel is consumed per metric tonne of cargo loaded.

This is in line with how we see the market developing, where more and more charterers are asking owners to cooperate in bunker consumption monitoring so that they can better understand and therefore decrease these vessels’ fuel consumption and emissions.

These charterers have clearly embarked on a mission, by collecting operational data, aiming to increase performance. They have correctly concluded that there are enormous differences between the best and worst-performing vessels, and now they are rightly demanding transparency. Simply because they are environmentally conscious, but also they don’t like paying more in fuel than they have to.

So ask yourself: Isn’t transparency in performance something we should be demanding of all chartered ships?

The costs are low, the technology is proven, and comes with the advantage of no hardware installation or off-hire costs.

We have already started to enter a new era for transparency in chartering. This will require scalable solutions, which are easy to use without requiring the owners to install expensive hardware, and heading for a future in which the benefits of big data and voyage optimization are unequally distributed.

Want to know how you can improve transparency with a factor 480?  Start a pilot on one of your vessels!

Poortweg 4A
2612 AP Delft
The Netherlands

EU H2020
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 877766.
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