After installation and a pilot trial on five tankers in 2018, MOL Nordic Tankers has decided to extend the trial of BunkerPlanner, a fuel procurement optimisation tool marketed by a partnership between 20|20 Marine Energy and BunkerMetric, across the MOL Nordic Tankers fleet.
According to the partnership, BunkerPlanner enables shipowners and fuel buyers to optimise their fuel procurement strategy on a vessel-by-vessel basis, reducing fuel bills by between 2% to 4% by enabling them to make the best operational decisions on the optimal product grade, time and location to lift bunkers.
The tool considers a range of factors that impact bunkering decisions, including fuel price forecasts, trade patterns and routes, vessel speed, fuel consumption, product specifications, time spent in emission control areas, sailing margins, tank sizes, as well as costs related to deviations, port calls and barges.
Using proprietary simulation and optimisation algorithms, an optimal bunkering plan is generated for each of MOL Nordic Tankers’ vessels, specifying the amount of each fuel type to purchase at specific port calls.
“The reality is that many shipowners and operators will struggle with the rising operational costs as well as new bunkering patterns driven by price changes and the local availability of products once the global sulphur cap is implemented,” said 20|20 Marine Energy senior associate Per Funch Nielsen.
“The extended live trial of BunkerPlanner onto the whole fleet of a leading global shipowner like MOL Nordic Tankers is a huge endorsement and it fundamentally demonstrates the significant impact of using advanced, innovative software to further reduce annual fuel costs, and help shipowners manage the challenges of transitioning into a new world in 2020 where expensive distillates and distillate-hybrid products will be the most widely used compliance solution,” he opined.
Commenting on the trial, MOL Nordic Tankers’ vice president of global operations, Andreas Sund Poulsen, said “The shipping industry is going through a rapid digitalisation, and it is critical that we embrace these new technologies and innovations to help manage the challenges that we face as the sector evolves.”
“Access to data that can provide real insights into our fuel procurement strategy, and help us to make informed decisions on how, when and where we buy our fuel in a way that reduces our overall fuel spend is invaluable; particularly as we move into 2020 where the price of fuel will inevitably rise, in conjunction with the added pressures of consistency in product availability and quality.”
Book now for the Sulphur Cap 2020 Conference, Awards and Exhibition on 8-9 May in Amsterdam.