Transcript A.P. Moller - Maersk Group 2007

Virtual Arrival Example – Bro Elizabeth
Maersk Tankers
BP Shipping
October 2009
Virtual Arrival – The Reality
• BP traders had a stem loading from Batumi in the Black Sea.
– Built up with a number of barges and rail cars
• Destination Isle of Grain
– Tank space only available before the 16th
Virtual Arrival – The Reality
• We approached the market and an owner that understood and is receptive to the virtual
arrival concept. Chartered the Bro Elizabeth from Handytankers.
• Vessel sailed on 2nd September 2009 and we engaged WNI to do the virtual arrival analysis .
• Vessel arrived in Isle of Grain at 1000 hrs on the 16th September and the virtual arrival was
Sep 15th 0650.
• Bunker Savings
– 58.83 mts of HFO
– Saved 24,800 USD split 50/50 between owner and charterer so 12,400 each
• Virtual arrival demurrage 18,000 USD
• The Results for each party …………..
Virtual Arrival – The Benefits for the owner
• The voyage earnings enhanced as demurrage is kept whole and 50% of the savings of the
bunkers
• Discharge to discharge
– 30kt at ws 100 10,430 USD pd over 19.5 days
– Result improved to 11,065 pd over 19.5 days
– 6% improvement in TCE earnings
Virtual Arrival – The Benefits for the charterer
Total Freight:
Before Virtual Arrival
Freight
: 521,400 USD
Demurrage : 18,000 USD
Total
539,400 USD
Post Virtual Arrival
Freight
: 521,400 USD
Demurrage : 18,000 USD
Bunkers:
-12,400 USD
Total
527,000 USD
Savings to charterers 3% of total freight bill
Virtual Arrival – The Benefits for the Environment
Emissions saved
CO2
Nox
Sox
183.2 mts
4.39 mts
3.49 mts
This represents a 27% reduction in fuel consumptions and emissions over the length of the
voyage.
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Virtual Arrival – Factors behind success
• A willingness by all parties to embrace the concept helped by workshops and publicity
• Daily updates from the monitoring organisation so that all parties are brought along with the
calculations
Maersk Tankers
October 2008