Accurate Information about Tramp Vessel Schedule for Decision Making

21 Jul, 2020

Less than 3 weeks remain before we close the application window for Smart Port Challenge 2020. This week’s roadshow (21 July) was focused on addressing the innovation opportunity put forth by Klaveness Digital – Accurate Information about Tramp Vessel Schedule for Decision Making.

Tim Polson, Business Development Manager at Klaveness Digital gave us some insights on how decisions are made with regards to how tramp vessels are called to different ports to pick up cargo. He used an analogy of taxis versus buses to explain how tramp vessels do not have a fixed route but are highly dependent on demand and supply. Having accurate information on their location and estimated arrival time (ETA) at ports is important for the chartering department in making decisions to take on trade opportunities. Unfortunately, there is a huge variance in the recency of data received through AIS positioning (from minutes to even a couple of days). Other sources of data include the ECDIS navigation system on board ships, as well as port community platforms. Each of these with its own limitations. An approach to address this challenge would be to triangulate the data from these 3 sources. Klaveness Digital is also open to ideas from start-ups – all they, and other bulk carrier operators, need is accurate information on these tramp vessels.

Re-watch the recording here if you’ve missed it or need a refresh.

Join us this Thursday, 23 July, at 4pm (SGT) as we speak to Alpha Ori and PSA Marine to understand why they need to Acquire Information Combined with Analytics, AI, and Authorisation Capabilities. Register here.

Lastly, don’t forget to submit the Smart Port Challenge 2020 proposal template (download here!) and your company’s pitching deck by 10 August 2020 here!