Management Consulting
Shipping
Overview
International regulations and sophisticated traders are pushing the industry towards environmental sustainability. Digitisation and automation have become key for enhancing efficiency and reducing operational costs. Geopolitical risks have become far more pronounced and they severely impact the volatility of the charter rates. Changing trading patterns are creating new shipping routes.
Modernisation is the Key
Is ESG an integral part of your operations? What is your long term net zero strategy? Is it aligned with your customers vision? Are you modernising your fleet to create transparency and improve operational efficiency? Are you collecting and retaining data for just the regulatory reasons or are you also deriving value from it? Have you explored options such as saving fuel by using new technologies and sharing the gains with the charterer? How can you better manage geopolitical, environmental and charter party risks?
What is your brand positioning? Can modernisation help improve your market value? How are you helping your customers plan their upstream and downstream operations?
We can help you modernise your operations, manage your commercial risks and identify revenue enhancement opportunities .
The Problem
IMO is introducing EEXI and CII from Jan ' 2023 and the ships may be required to cut down their speeds to meet the regulatory requirements associated with the carbon emissions from ships' funnels.
Our Solution
Several open-source routing solutions are available for routing land-based transportation. Those solutions could be extended to the ocean if we could develop a model that helps translate every point at sea onto a cost that needs to be paid to pass that point. Weather conditions could also be translated into additional costs to route the ships through the lowest-cost path.
Related Insights
ESG is the Future
The environmental, social, and governance factors impacted by a company do not directly impact the company's profits and loss statements. Instead, the impact that the company has on the environment and society triggers a reaction from governments, customers, employees, or members of civil society.