Copenhagen-based bunker planning and optimisation solutions provider BunkerMetric on Tuesday (25 January) introduced its BunkerPlanner rule engine solution to the maritime sector:
Consider a common scenario faced by vessel operators: An arrangement has been made for bunkering a specific vessel. The tank still contains bunker from the previous purchase. Can the new bunker be comingled with the old? If not, then which tank to use to store the new bunker?
A vessel operator with responsibility for multiple vessels on active voyages might make these types of rules-based decisions as part of everyday business. Typically, operators make such decisions from memory or based on vessel-specific operating manuals. Running multiple vessels combined with increased volume and complexity of data-based decisions make it prudent to replace human decision with software to eliminate the risk of making wrong decision without thinking through the consequences. This is where a business rules engine provides organizations with a much-needed support system for rules-based decision management.
How does the BunkerPlanner rule engine work?
BunkerPlanner rule engine is a cloud-based tool that automates decision-making in situations where there are specific rules to operate and bunker vessels. The engine manages the entire process of connected decisions in the sequence determined by operational procedure(s) set by the ship owner/operator. Whenever a bunkering decision needs to be made, the engine uses static data (e.g. tank configuration on a specific vessel) and dynamic data (noon report specifying vessel’s voyage progress), evaluates that data against pre-programmed rules, and then delivers the recommended decision which is visible to the vessel operator and the bunker buyer.
The software rule engine mimics the manual decision process based on the logic and rules that have been specified by the operations team, while considering current situation reported by the crew. To minimize chance of an error, BunkerPlanner engine relies on two data-transfer models to carry out these decision-making processes:
What does your business gain?
Business rules engine enables the team to make decisions faster, while ensuring that all applicable rules are not broken in the process of deciding where, when, and at what price to bunker. The operator does not have to worry whether their decisions are compliant with business rules. The Operations team is able to edit, change or create new rules applicable to the vessel, voyage, or type of cargo. Any changes to the rules are announced clearly and applied in every single circumstance. Every decision proposed by the system is annotated by explanatory message(s) visible to the operator, so there is no confusion because any particular decision has been reached.
Shifting from manual decision management provides a huge operational advantage and assures error-free decisions. According to the shipping operations experts, many organizations underestimate the efficiencies they can gain by taking the decisions out of the hands of people. Typical organizations frequently struggle to assure consistent application of rules at all the times and in all processes that involve complex, rules-based decisions. As a result, the organization loses efficiency and often loses money.
If you are interested taking better business and operations decisions affecting your fleet and your voyages, the BunkerMetric team is available to perform a hands-on trial with your team. We are here to help you evolve your decision-making process from good to great.
Photo credit: BunkerMetric
Published: 26 January, 2022
Cash of SGD 4.43 million and USD 243,100, and one piece of 100-gram gold-coloured bar recovered in safe belonging to Abdul Latif Bin Ibrahim kept at Extra Space warehouse storage facility, show court documents.
Program introduces periodic assessments, mass flow metering data analysis, and regular training for relevant key personnel to better handle the MFMS to ensure a high level of continuous operational competency.
U.S. Claims Register Summary recorded a total USD 833 million claim from a total 180 creditors against O.W. Bunker USA, according to the creditor list seen by Singapore bunkering publication Manifold Times.
Glencore purchased fuel through Straits Pinnacle which contracted supply from Unicious Energy. Contaminated HSFO was loaded at Khor Fakkan port and shipped to a FSU in Tanjong Pelepas, Malaysia to be further blended.
Individuals were employees of surveying companies engaged by Shell to inspect the volume of oil loaded onto the vessels which Shell supplied oil to; they allegedly accepted bribes totalling at least USD 213,000.
MPA preliminary investigations revealed that the affected marine fuel was supplied by Glencore Singapore Pte Ltd who later sold part of the same cargo to PetroChina International (Singapore) Pte Ltd.