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Thorco Invests in Navis
Copenhagen-based Thorco Projects has selected Navis' Bluetracker
solution to monitor and analyse the fuel consumption and vessel
performance of its own and chartered vessels. Navis is a provider
of maritime software solutions for efficient and compliant cargo
and vessel performance.
Bluetracker One's Charter Monitor module will enable Thorco to
monitor the operational speed versus fuel oil consumption in
compliance with the agreed terms of the charter party.
The specialist in global project shipping operates one of the
world's largest multi-purpose fleets, featuring vessels with
lifting capacity to handle unusually large and heavy cargo as
well as excellent speed capabilities, said a press release from
Navis, a part of Cargotec Corporation.
Thorco Projects' commitment to carrying a broad portfolio of
break bulk and heavy cargo anywhere in the world at any time
requires reliable performance and a high level of flexibility in
this spot-market business. Therefore, Thorco Projects sought
assistance in efficiently overviewing their own and chartered
vessels that need to respond to the requirements of a highly
volatile market.
With the help of the Charter Monitor module of Bluetracker One,
Thorco Projects will achieve greater visibility of charter-party
compliance by monitoring the operational speed versus fuel oil
consumption as agreed upon with the charter party. The scope of
the current initial agreement includes 12 contracted vessels.
The system gives automatic notification if the speed consumption
curve exceeds certain limits, which enables closer collaboration
between Thorco Projects and their ship managers in order to
continuously optimize vessel performance.
In addition, the system fosters closer internal collaboration
between the performance and operations departments by both
working with a single source of truth, easy to use and to share
data.
"Operating a mixed fleet of own and chartered vessels in a
spot-market business is often a challenge, since the operational
vessel performance data are being evaluated from different
perspectives with different priorities," says Thomas Mikkelsen,
CEOat Thorco Projects.
"Establishing a multi-tenant source of truth that ensures the
same level of knowledge about operational data in real-time of
different stakeholders is a step towards effective operations in
a dynamic market based on collaboration," he adds.
"The availability of operational vessel performance data at any
place, at any time, is seen as an added value - especially by the
technical managers amongst our customers using Bluetracker," says
Selke Eichler, Global Director Customer Support at Navis Carrier
and Vessel Solutions.
Besides the easy collaboration functionality, the system
additionally runs a plausibility and estimation engine to ensure
a level of high data consistency and quality based on data
collection sources. It already proved successful at one of Thorco
Projects' ship owners before rolling out at Thorco.
By adding Thorco Projects' contracted vessels being monitored
with Bluetracker, the Bluetracker fleet has grown to more than
500 vessels of different types using onboard data collection
(reported or measured) and / or vessel performance and emission
compliance, monitoring and analyzing functionalities.
Apr 15, 2019
