MOL Chooses NAPA for 80 of Its Time-Chartered Bulk Carriers
NAPA, a leading maritime software, services and data analysis provider has announced that it has signed an agreement with MOL (Mitsui O.S.K. Lines Ltd.) to provide performance analysis and reporting for 80 of MOL’s time-chartered bulk carriers with NAPA Fleet Intelligence.
NAPA Fleet Intelligence combines NAPA’s naval architectural expertise and proprietary data modelling with open source data and MOL’s own reports to produce industry-leading analytics and actionable insights with zero onboard installation. Through its use of NAPA Fleet Intelligence, MOL will receive fleet-wide hull performance analysis, voyage-by-voyage performance reports, and voyage planning that’s entirely cloud-based. This will allow MOL to further enhance its business efficiency by planning its fleet operations with better understanding of individual ship performance, more accurate fuel consumption estimates, and greater clarity on arrival times and voyage duration.
NAPA’s voyage reporting software is the first to use the data from noon-reports as well as remote analytics to precisely categorize fuel use into individual categories such as calm sea consumption. It can also identify the causes of increased fuel use, including environmental effects, or hull fouling. The noon-reports are further combined with remote-sensed data such as AIS, chart data and environmental data. This is processed through algorithms and hydrodynamic calculations developed by NAPA’s experts that are based on detailed ship performance models for each vessel type.
NAPA Fleet Intelligence brings the power of data-driven business decisions to a wider cross-section of the industry than ever before. Delivered in a single format for all chartered vessels, regardless of the on-board systems installed, NAPA Fleet Intelligence also helps to deliver a more consistent approach and a more efficient and cost-effective chartered fleet. NAPA has a comprehensive suite of performance monitoring products - ranging from the zero-installation Fleet Intelligence model, enhanced by flexible use of possible data sources, up to and including the advanced onboard ClassNK-NAPA GREEN performance monitoring and optimization solution - that bring a new level of eco-efficiency and business insight for ship owners, operators and charterers at price points suitable for a range of budgets.
NAPA Fleet Intelligence reports have been verified against real-world ship performance data collected by NAPA’s on-board vessel performance monitoring systems, and accuracy was found to average around 95%. As an early adopter, MOL will also be contributing to the ongoing development of this 100% cloud-based solution.
