Digital tool to optimise fleet positioning to be piloted
Feature
The simulation tool, SimTankers, is part of Maersk Tankers’ digital strategy. Charterers will use it to position vessels optimally, taking into account profit and loss and commercial risks.
“There is a long-term positive outlook for the product tanker industry, which we want to take advantage of by applying algorithm-based trading strategies, generating new revenue, new businesses and efficiencies,” says Soren C. Meyer, Chief Strategy Officer, Maersk Tankers.
SimTankers simulates the fleet’s positioning based on historical data of its voyages. For example, a vessel on a voyage from Houston to Rotterdam provides data such as voyage duration, days of demurrage, port fees and bunker costs. The data is processed using advanced analytics. This will, according to Peter Schroder, Chief Digital Officer at Maersk Tankers, strengthen the company’s trading decisions “because it will proactively tell us in which markets we should position the fleet to meet future demand and achieve the highest earnings.”
The LR2 segment has been chosen for the initial testing. Following testing in this segment, it is planned to deploy the simulation tool in other vessel segments.
About Maersk Tankers
Maersk Tankers facilitates the global trade of energy to meet the world’s energy needs. The company is a leading player in the product tanker industry, operating one of the largest fleets of vessels and employs over 3,000 employees worldwide. Established in 1928, Maersk Tankers has more than nine decades of experience and expertise in commercial and technical vessel management, providing customers and partners with safe, efficient and flexible services that benefit their businesses.