Maintain Cost-Efficient Bunker Consumption Through Shipping Software

Carrier operators are recently shaken up by significant developments involving one of the world’s largest oil suppliers. The shock comes after Denmark-based oil supplier OW Bunker has filed for bankruptcy this year, citing up to $750 million in debt due to alleged fraud. Analysts say this will spark a domino effect as carrier managers are hard-pressed to find alternative suppliers and make up for exposed amounts. Increases in the market price of fuel are also feared. This spells only tough times ahead for many carrier operators, especially those without shipping management software.

It is essential in the maritime services sector to adopt cost-efficient ways to stay afloat in such a volatile industry. It is volatile in the sense that it experiences numerous events that challenge profitability, such as OW Bunker’s filing for bankruptcy. Such scenario has prompted an increase in the demand for effective marine software solutions.

However, companies that already have integrated shipping management software are well-prepared to meet such challenges and shipping software companies have already churned out a variety of cost-saving solutions that profess better management of bunker consumption regardless of various scenarios.
Prior to the development of integrated shipping software, carriers relied on structural modifications to render their vessels more fuel efficient. For instance, modified fins can be considered for better speed regulation. The downside to this is that modification costs a fortune and takes a long time to install. Modern shipping on the other hand relies on digitizing speed calculation and management through intelligent voyage calculation. The system automatically estimates and determines ideal vessel speeds. It makes complex calculations that can accurately identify fuel-efficient speeds without compromising on-time deliveries, in a sense leading to bunker savings.

Other factors such as weather conditions and technical failures also pose risks to effective fuel consumption. Operators are powerless with regards to these, which is why they need a shipping software system that mitigates the effects of such scenarios. An intelligent voyage calculation system can make precise estimates as to current position and voyage duration. It then recommends a wide-range of actions that the crew can undertake to keep fuel intake within ideal limits while minimizing, if not eliminating, delivery delays.

Marine software solutions also allow for effective fuel management. There are software options that feature accurate fuel usage estimates using sophisticated operations. The software determines the actual consumption needs of the vessel, singling out the “cappuccino effect” which usually happens when filling up the vessel’s engine. With sophisticated bunker management software, monitoring bunker activities can work like a breeze. Carriers can breathe a sigh of relief knowing that they are consuming bunker volumes actually needed for particular voyages. Imagine the savings it entails!

Commercial shipping management has come a long way. From making manual estimates on bunker consumption, carrier operators now use marine software solutions to face a variety of challenges to their revenue generation. Despite difficult times ahead for the bunker fuel market, carrier operators can continue making money through automated fuel management processes.

Shipping Software In NVOCC’s For The Best Services For Your Shipping Needs

Non-vessel operating common carrier shipping companies or NVOCCs spend thousands of dollars for their IT infrastructure. They want to make their services attractive to customers and get ahead of the competition. Among the facilities that NVOCCs allocate a substantial amount from their budget is the NVOCC shipping software. These programs assist in the safe and fast delivery of cargo and other items for shipment to their destination. It has become a business tool that increased the profit of NVOCC companies.

The software as a business tool is rather costly, but it is a wise investment. It makes shipping operations more organized and convenient. Using this tool can bring a host of advantages to a company. There are several options for the software. For instance, there’s a packaged software that can offer enhanced services to customers. It can provide significant solutions to shipment problems such as:

  • Inaccurate collection of freight
  • Inapparent actual contribution for every consignment
  • Inefficient and lack of equipment

These problems, among others, when neglected can result to lost revenues. Otherwise, the company would be forced to incur more expenses. This is where an integrated software comes in to address these discrepancies and glitches, and they are widely available in the market today. An NVOCC staff can easily familiarize themselves with the intricate functions of the program. They have been designed to be user-friendly. Shipping transactions sometimes get complicated, but with a software, they can be controlled from a central location. An NVOCC company’s crew can readily access information from related transactions with the aid of high-tech integrated software that can create a comprehensive database. Communication is real-time as well. A high tech customized software makes an NVOCC more productive. It is one of the major business tools that will take them a notch higher in the international shipping industry.

Sales and booking tasks, documentation and invoicing, disbursements and container-control tasks are accomplished efficiently using the software. There’s no delay of time in dilly-dallying in persnickety and considerable paperwork that normally endorses more expenses. Manual labor that are prone to errors are done away with because of the software that has become a handy and reliable assistant.

A programmed software for shipping disseminates information to customers in a quick and expedient way. Customers can have accurate knowledge about the destination of their shipment and the pertinent services of the provider. Whatever necessary details about the customers are readily accessible, too. An efficient IT infrastructure assisting in their operations allows NVOCC’s to make better decisions about their business because the profitability of every consignment is better determined. Expenses are reduced for routine operations and staff productivity is increased. Multitasking is normally costly and damaging, but this tendency is reduced with the use of a software.

The amount and expenses of human labor in their day-to-day activities are reduced and an NVOCC’s overall operations become fully automated. Time has become more convenient because transactions are quickly accomplished, not to mention that they are more organized and accurate. No doubt that a software for NVOCC shipping advances the company’s services to the next level resulting to happier and more satisfied customers.

TL Shipping Software – How it Can Benefit the Shipping Process

Among companies that ship a significant amount of goods, there are two theories of how to approach the shipping process: find workable shipping solutions and then turn your attention to other matters, or constantly remain aware of the shipping process to take advantage of better options when they become available. As one might expect, taking the first approach almost always results in paying more for the shipping process, while taking the second generally results in both cost savings and improved delivery time.

Companies that ship a significant volume of products usually ship at least some their goods using truckload (TL) shipping, where a single company ships enough goods to fill a full semi trailer. The opposite of full truckload shipping is less than truckload (LTL) shipping, in which companies that ship partial semi trailer loads combine their shipments to form a full load and then split the price of the load. The basic advantages of TL shipping solutions is that goods arrive at their destination faster and, as a result of their being shipped direct and avoiding warehouse freight handling fees, shipping costs less.

While it’s obvious at what point a company can benefit from TL shipping, achieving the optimal TL shipping arrangements can be more difficult. As with achieving the best of any shipping solution through the use of logistics, TL shippers have three options for realizing the best truckload shipping arrangements: hiring in house logistics experts, outsourcing logistics to a third party logistics (3PL) provider, or implementing TL shipping software-also known as full truckload logistics software-which essentially serves as a logistics expert, presenting companies with a range of TL shipping options that can be examined and selected by accessing a user friendly interface.

For most companies, have their own logistics department is the ideal situation for overseeing the shipping process. But for small and midsize shippers that can’t afford a payroll increase, the options are quickly narrowed to 3PL or TL shipping software. There are four types of 3PL providers: standard 3PL providers and service developers, which offer individual shipping solutions, and customer developers and customer adapters, which oversee a company’s entire shipping process. To achieve only a TL shipping solution, a company would likely choose one of the former two.

Contracting with standard 3PL providers, or service developers costs significantly less than contracting with customer developers or a customer adapters. But compared to logistics software, which allows companies to cut the middleman out of the logistic function and become their own logistics provider, it still represents an unnecessary expense, not to mention that fact that service based 3PL providers never offer the range of shipping solutions offered by logistics software, as they typically connect customers with carriers that offer a preferred discount that allows them to charge over and above the discount to profit from the arrangement.