A Competitive Advantage: Real-Time Voyage Optimization
By Nautilus Labs
8% Reduced Fuel Consumption. $20,172 Profit Uplift.
In an uncertain and volatile environment, it is critically important to maximize voyage outcomes wherever possible. By partnering with Nautilus, our client in the bulk market was able to reduce fuel consumption by 8% and to increase voyage profits by 3% over the course of two voyages.
By building performance models based on machine learning and naval architecture, Nautilus Platform surfaces smart recommendations for optimal vessel RPM or speed in order to enhance voyage outcomes. The recommendations take into account the planned route, forecasted weather, predicted performance, real-time and expected fuel costs and future market rates to meet a client’s desired objective—TCE, ETA, speed adherence.
To read more about the potential of real-time voyage optimization, fill out the form below and download our case study.