one fleet solution -...

ONE FLEET SOLUTIONCombining noon reports with automated data

ORKA SUMMIT September 2015

15 September 2015 1

AGENDA

• Introduction to Nordic Tankers

• Motivation for Performance Management in Nordic Tankers and the challenges with

our fleet

• Our one fleet solution for performance monitoring

• Challenges, lessons learned and way forward

15 September 2015 2

1963 Establishment of Herning Shipping by the Lysgaard family to supply their Uno-X gas stations franchise in Denmark

1984 K/S Difko XLVII established, which is later renamed Nordic Tankers A/S

1994 Copenhagen Tankers established by Wonsild & Søn

2005 Clipper Group acquires Wonsild Tankers and the rest of Copenhagen Tankers

2007 Nordic Tankers is listed on the Copenhagen Stock Exchange

2010 Clipper Group sells its tanker activities to Nordic Tankers A/S

2011 Triton acquires Herning Shipping

2012

2013

2014

Triton acquires the chemical tanker activities of Nordic Tankers, which is combined with Herning Shipping to create the leading chemical tanker operator with a total fleet of close to 120 vessels

Nordic Tankers acquire two marineline coated 8,000 Dwt and four stainless steel 4,000 Dwt chemical tankers for the European Short Sea and West Africa Trades

Nordic Tankers acquire one 6,000 Dwt stainless steel chemical tanker for the Short Sea Trade and three 14-20,000 Dwt stainless steel chemical tankers for the Inter-Americas and the Transatlantic Trades.

NORDIC TANKERS - HISTORY WITH TRADITION FOR CONSOLIDATION

3

MOTIVATION FOR PERFORMANCE MONITORING IN NORDIC TANKERS

15 September 2015 4

Fuel efficiency• Around 40% of Nordic Tanker’s cost comes from bunker

consumption• Company wide responsibility – chartering, operations,

technical and the vessels

Baselines• To save fuel we first need to know how are we doing by

collecting data from all vessels in a structured way• A common reporting platform is needed for the entire

fleet

Saving Initiatives

• Different vessels in different trades have different needs for improving fuel efficiency

• Data needs to be collected from many different aspects of the operations of the ship

Our Needs• A performance monitoring tool that can encapsulate our

entire fleet, allows us to benchmark our vessels and helps identify areas for improvement

MOTIVATION FOR PERFORMANCE MONITORING IN NORDIC TANKERS

You can’t optimize what you cannot measure…

15 September 2015 5

Manually or automated

COMPLEX FLEET COMPOSITION – 68 VESSELS

15 September 2015 6

Tanker Pools and commercial management (23)

Nordic Tankers commercial

management (19)

Herning Shipping commercial

management (26)

Nordic Tankers owned vessels (17)

Bare boat vessels (4)

Nordic Tankers TC vessels (2)

Third party vessels (7)

Tanker pool vessels (13)

Technical management (23 + 19)

Herning Shipping owned vessels (17)

Herning Shipping TC (8)

NORDIC TANKERS SHIP TYPES

15 September 2015 7

Short sea vessels

• 4.5k – 11k tons dwt

• Daily consumption between 5 and 11 mt per day

• Cargo and tank operations consumption up to 3 mtper day

• Not many sister vessels

Deep sea vessels

• 16k – 22k tons dwt

• Daily consumption between 10 and 18 mt per day

• Cargo and tank operations consumption up to 5 mtper day

• Not many sister vessels

Even smaller vessels

• 3.5k tons dwt or less

• Installed Maine Engine power: 2040 kW

• Electrical load for 24 hours about 500 kWh

NORDIC TANKERS CORE TRADE LANES AND AREAS

8

NORDIC TANKERS FLEET LOCATION AND SAILING SPEEDS

15 September 2015 9

SO LET’S RECAP…

We need a performance system to optimize a fleet that:

• Spends lots of time in port

• When the vessels sail, their speed is around 12 knots

• Their steaming consumption is in average around 12 mt/day

• Not many sister vessels to compare

• Many vessels trading on the spot market

• A complex matrix of owned, technical managed, time chartered, commercial managed and pools

• Expect the unexpected with regards to measuring equipment onboard

• Who pays for the fuel and who should drive fuel efficiency may change form ship to ship

• And to top if off, fuel prices are at very low levels these day making business cases a little more challenging

What kind of performance system can be used for this fleet?

15 September 2015 10

VISION FOR VESSEL PERFORMANCE MANAGEMENT


One fleet One tool

Nordic Tankers fleet wide solution – same tool for owned, chartered

and poor vessels

Integrated with IMOS

Allows for integration of data with IMOSSame performance figures across

technical and commercial systems

Enabler for awareness

Performance monitoring onboard

Easy roll out to all vesselsIntuitive and user friendly

Data validationEfficient communication with the office

Performance management

Web based access to review the vessel’s performance on a daily basis

Daily warnings and triggers for off-performance

Voyage summary statistics

Performance optimization

Hull and propeller efficiency evaluationEngine performance monitoringVoyage execution assessmentOnboard energy management

Time efficient

Creates awareness onboard and ashore with regards to fuel efficiency consumption

Allows for Minimal data collection onboard and reduced reporting

Adaptive

Allows for noon reporting and auto-logging of dataAdjusts to a wide range of available equipment onboard

Benefit Tracking

Supports benefit tracking of all fuel efficiency initiatives in Nordic Tankers

Asset management

Supports Nordic Tankers in pool performance requirementsServes as knowledge base for fleet portfolio optimization and new buildings

THE HYBRID PERFORMANCE SYSTEM FOR NORDIC TANKERS

• A hybrid solution of two systems has been chosen as the performance system for

the Nordic Tankers fleet

• Veslink will be used to collect daily status reports from the vessels and share them

wit IMOS and Marorka, which will be used to visualize and analyze the performance

of the fleet

• The main advantages of this hybrid solution are the following:1. One report from the vessels to the office

2. Entire fleet reporting in one system, including vessels with real time logging of data.

3. Web based tools: no need to install any software onboard the vessels or in the office

4. As the fleet grows we can choose between manual or automated reporting of data


NORDIC TANKERS OFFICE

IMOS

APP

DATA FLOW FROM VESLINK TO IMOS AND MARORKA ONLINE


VESLINK

HTML form

Vessel OPERATOR

• Marorka Online• Applied Weather Technology• AIS data (future)• Etc…

APIThe extended unofficial performance department

FOCUS ON MINIMIZING REPORTING ONBOARD AND ANALYSIS IN THE OFFICE

Veslink reporting will enable Nordic Tankers to share information across all Nordic

Tankers systems and the report will be used for:

• Daily communication with the vessel operators

• Daily updates to our voyage manager tool (IMOS)

• Daily report for the performance system (Marorka)

• Position report to weather routing company (mostly Deep sea vessels)

Marorka Online will combine the automated data and Veslink reports from all vessels

and voyages so we can prepare the following reports in the office:

• Voyage summary reports

• Monthly fuel efficiency reports including hull and engine efficiency calculations

• Updated current performance fuel tables for all vessels

• Updated loading, discharge, cargo heating and tank cleaning daily consumption for all vessels for chartering department to use when preparing budget estimates

• Yearly CO2 emissions report to EU and IMO (soon to be mandatory)

• Position map with the position of each vessel, current voyage track and planned route


FOCUS ON A QUICK ROLL OUT TO THE ENTIRE FLEET


Full roll out to entire fleet (66 vessels)

2nd round of vessels activated in Veslink reporting (40 vessels)

1st round of vessels activated in Veslink reporting (18 vessels)

Final Veslink report template sent to Marorka for development

Marorka Online starts receiving reports from one test vessel

Veslink reporting starts on 5 test vessels

Veslink report sent to Marorka for development of the importing tool

Marorka online includes the 2 vessels equipped with Marorka Onboard

MARORKA ONLINE COMBINING MANUAL AND AUTOMATED REPORTS

15 September 201516

INTEGRATING ALL SYSTEMS CAN ALSO BE CHALLENGING

• The frequency of reports for the

commercial tools don’t necessarily

match the needs from the technical

tools

• Operators are learning a new side of

the vessels

• Connecting voyages to share data

between Veslink and Marorka

• Approving reports on time

• …

• And all the remaining issues from

typical noon manual reporting



Thank you

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