International fuel testing and inspection company Veritas Petroleum Services (VPS) on Monday (17 August) launched its new data analytics platform PortStats.
PortStats is an interactive dashboarding service where users can access near real-time fuel quality statistics in an intuitive and user-friendly manner, explained VPS.
The goal of the PortStats as a data analytics platform is to offer transparency to the maritime industry when it comes to global fuel quality.
In the primary application, users can benchmark and compare fuel quality data from any fuel supplier, from any bunkering port where VPS has performed fuel quality testing (currently over 2,600 ports).
As market leader of the global marine fuel testing market, VPS adds that it offers access to the most reliable and complete dataset available through the PortStats platform.
The platform enables users to focus on the fuels that provide the best value for money,and offers its users insights into the commercial value (energy, water, density diff.) of marine fuels offered in the market.
Knowing the calorific value of certain fuels in specific regions or from specific suppliers, users will be able to optimise their decision-making, for example in the areas of bunker sourcing and procurement, trading, selling and distribution, said VPS.
Being aware of off-specs before procuring the fuel can mitigate some of the risk of consuming marine fuels of unknown quality, so the platform provides users with intel on the offspec fuels that were bunkered and reported in a certain port.
Furthermore, by pro-actively anticipating potential quality issues, consumers of marine fuels can inform their fleet and crew accordingly and adapt their fuel treatment processes.
As part of a growing portfolio of data driven services, VPS added that it will release several digital applications through this platform for other service lines, such as lube oil condition monitoring, transformer oil condition monitoring and separator performance monitoring.
Photo credit: Veritas Petroleum Services
Published: 18 August, 2020
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