The transition to more efficient shipping is inevitable.
Current performance monitoring systems, such as noon reports and the charter party are not sufficient to support this transition.
Real-time, fact-based information is essential for charterers to support in making decisions to improve vessel performance, optimize voyages, and benchmark vessel performance by correcting for weather impact.
We4Sea enables charterers to monitor, benchmark, and optimize the performance of their chartered fleet – in real-time, without investing in onboard monitoring equipment.
Analyzing the fuel efficiency of chartered ships using traditional methods is difficult. Charterers usually need to rely on noon data, reported once a day. Noon data is known to be an unreliable performance indicator, with a high potential for human error due to manually observed and reported average values. Also, it is not real-time, and by the time you realize that the bunker consumption is increasing, the moment to act on it has already passed.
Optimizing voyages and reducing fuel consumption will become increasingly important, for reasons of competitiveness and due to stricter emission regulations. To do so, charterers need to be able to monitor the performance of ships in real-time. And as charterers are not the owners, installing onboard monitoring equipment is not an option.
How exactly does our product help you as a charterer? Well, first and foremost, through offering full transparency in vessel performance and actionable insights. Charterers can enjoy our objective, data-driven monitoring solution for ships- without the need to install sensors onboard.
Our unique model-based Digital Twin concept is a radical new way of monitoring sea-going ships in real-time. The solution is powered by real-time, unbiased performance data with up to 480 data points per day and 95% global coverage while benchmarking with integrated noon-reported data.
Using this technology, we go beyond the traditional Charter Party approach that is common to assess the performance of Time-Chartered vessels. You can now see performance assessments for the whole voyage: no more good/bad weather days.
Using integrated noon-reported data, you can benchmark reported consumption with expected consumption. And, in case of claims, you will have access to all the data you need to substantiate underperformance claims.
We4Sea provides an objective, data-driven monitoring solution for ships. Our unique Digital Twin concept is a radical new way of monitoring sea-going ships in real-time. We4Sea designs a unique and scientifically supported, algorithm-based Digital Twin for every monitored ship. We use over 80 unique characteristics of the ship to create this Digital Twin model, which is fed with real-time position and weather data. Interested in how it works? Download our Whitepaper for detailed information on our Digital Twin.
This unique approach provides very accurate calculations of fuel consumption and emissions, enabling you to:
Interested in how a Digital Twin can improve monitoring? Download our Whitepaper!
We4Sea can investigate the magnitude of performance loss due to weather, poor maintenance, and hull fouling, by comparing the data reported by the ship to the Digital Twin. The voyage will be ‘re-sailed’ using the Digital Twin in various configurations, yielding both the extra fuel consumption due to hull fouling and poor maintenance, as well as the speed the vessel would have been able to sail was she in good condition. Using historic AIS data, we use up to 480 data points per day instead of just one (the noon report) as used in conventional CP assessment reports. We base our calculations on the actual weather, positions, speed, and draft during the actual voyage.
The Digital Twin concept has been used in many disputes to calculate the “speed loss” and “fuel consumption increase” for the time charter period. This has proven to be very strong evidence in claims, to support arguments for underperformance and off-hire. The case becomes even stronger if we can analyze different legs, such as ballast and laden or (preferably) before and after a hull cleaning. The benefit is also that we can analyze any voyage, even on bad weather days. This is a major advantage compared to the conventional good/bad weather approach.
Your benefit: you can rely on the data provided by our Digital Twin to build your case and present validated facts. This way, you can solve any charter party disputes with confidence and ease.
Would you like to know more about our tool, or do you have specific challenges as a charterer for which you haven’t found an answer above? Let us know, we will gladly answer any and all questions regarding our tool!
Our performance monitoring platform allows cargo- and ship owners to monitor the performance of their (chartered) ships. Monitoring the vessels carrying your goods has never been an easy task, since the ships’ noon reports were the only way to keep track of ship performance – until now. Our digital performance monitoring platform allows for the remote monitoring of ships in the best way possible, giving you direct and real-time insight into vessel performance and critical parameters.
To accurately monitor ships, we create a Digital Twin. The Digital Twin is a digital replica of the ship , virtually representing it precisely the same as her real-life counterpart. This Digital Twin is fed with data of all parameters that influence performance. To illustrate, we’ve listed a few of those parameters below.
Using these parameters, the instantaneous performance of the ship and each of its components is simulated and displayed. This performance is the achievable performance of the ship, when sailing in perfect technical condition, i.e. no fouling or technical issues. Fuel consumption and emissions are presented and can be benchmarked with actual on-board measurements or noon-reported data for precise and accurate insights. Any difference between the two are inefficiencies, such as hull-fouling, or incorrect reporting. Using this data, the performance manager can take informed decisions on the need for maintenance, or correct reporting issues.
Of course, all of this data is displayed in a useful and practical manner. This means that the remote monitoring of ships provides previously unheard of opportunities for more efficient planning and active performance monitoring.
Increased performance offers benefits to all parties within the maritime industry. Our solution aims at the following types of companies:
If our performance monitoring solution sounds like something you could benefit from, we would be glad to hear from you. Here at We4Sea, we strive to improve the way companies within the maritime industry perform healthily and positively, with increased efficiency and a more transparent way of cooperation. If you have any questions, be sure to contact us.