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BunkerMetric strengthens bunkering decision tool with wealth of Inchcape port call data

04 May 2021

Specialist bunker software supplier BunkerMetric on Monday (3 May) said it has integrated its flagship BunkerPlanner application with Inchcape’s World of Ports (WoP) service to source accurate and constantly updated data on bunkering-related port call costs.

Integration with WoP means the software also takes up-to-date port call, anchorage, barging and other coasts into consideration, enabling operators to choose the right bunkering ports from multiple bunkering scenarios without worrying about unexpected outlays.

“Choosing a bunkering port is sometimes simplified into a choice of the lowest dollar per mt [metric ton]. But to truly improve voyage TCE you need to look more holistically at the implied costs of bunkering,” shares BunkerMetric CEO and co-founder Christian Plum.

“Is it induced, how long is the deviation and how much is the port call cost? Vlissingen may be 15 dollars per mt lower than Skaw, but the anchorage cost can easily be 10,000 dollars higher at Vlissingen, cancelling that benefit. By including World of Ports port call data we are significantly adding to the value of BunkerPlanner for our clients.”

BunkerPlanner generates a bespoke bunkering plan for each vessel and voyage based on the latest available schedule and prices, typically pulled through integration with the client’s Voyage Management System (VMS) and now supplemented with data from Inchcape.

Jeff Clark, Head of World of Ports at Inchcape, says the BunkerPlanner integration is an excellent example of exactly how digital innovation is transforming shipping through the power of data.

“By leveraging Inchcape’s global network combined with the Port Cost Estimator module in WoP, we can provide a data feed to BunkerPlanner allowing their users to access voyage-critical port cost data through one dashboard, instantly. We’re delighted to be supporting BunkerMetric in helping their customers optimise voyage costs through their digital platform,” he notes.

WoP data has already been integrated in BunkerPlanner and is live. Fernando Alvarez, BunkerMetric co-founder and CTO, says feedback from vessel operators indicates they view this not only as real improvement to the system, but it also deepens their understanding of how digital tools can support decision making.

“BunkerPlanner adds actionable intelligence to operators’ decisions by calculating many bunkering strategies. Operators spend large amounts of money on bunkers, and our solution offers an unusually high ROI and a very short payback period. A single optimized stem recommendation can easily pay for the cost of the software for that vessel,” he says.

 

Photo credit: BunkerMetric
Published: 4 May, 2021

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