Virtual Arrival Example – Bro Elizabeth Maersk Tankers BP Shipping
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 183.2 mts Nox 4.39 mts Sox 3.49 mts This represents a 27% reduction in fuel consumptions and emissions over the length of the voyage.
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