Ask yourself one question: do you understand your vessels’ performance accurately enough to really optimise anything? The answer is no.
In Q1 2023 we ran a survey to discover the reality of voyage efficiency in the shipping industry. The results painted a clear picture:
Shipping is still a world of ‘rough estimates’
- Most shipping companies understood their vessels’ behaviour only “quite well”
- Most shipping companies have only “somewhat accurate” fuel consumption predictions (with 85% accuracy the median answer)
- Most shipping companies do not/cannot reassess voyage plans regularly, despite the constantly changing reality
The majority of shipping companies are now employing “generic” vessel models to generate route and speed plans, instead of a one-size-fits-all approach. This is better than nothing – but still a core problem.
This is because “generic” vessel models do not provide the level of detail required to truly optimise anything.
There is still a level of systematic, accepted, inaccuracy at the heart of voyage planning- based on a low definition understanding of vessels. This is a purely technical challenge… and a huge opportunity.
The HD revolution is an incredible opportunity
We need a high-definition revolution. The direct result will be thousands of tonnes of fuel saved by each company.
There is only one way to bring about this high-definition revolution: Artificial Intelligence.
Take the first step: read the first of our white papers on “Voyages in HD”
Register your interest now and we’ll send you the white paper when it’s published: