MOL Chooses NAPA’s Performance Solutions For 80 Of Time-Chartered Bulk Carriers

NAPA, the leading maritime software, services and data analysis provider 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.

Image Credits: NAPA

NAPA’s voyage reporting software is the first to use the data from noon-reports as well as remote analytics to precisely categorise 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.

Toshiaki Tanaka, Managing Executive Officer Mitsui O.S.K. Lines Ltd., commented, “MOL continually strives to be a worldwide leader in the safe and reliable transportation of natural resources. We are proactive in introducing technologies that will provide major contributions to that performance.

NAPA Fleet Intelligence provides us with the tools we need to accurately assess the technical and commercial performance of our fleet to a level of detail that was previously unattainable for chartered ships – unless owners had already installed performance monitoring. It also gives us performance reporting that’s completely consistent across our entire chartered dry bulk fleet. We look forward to working with NAPA to further develop this tool to deliver the best results.”

Naoki Mizutani, Executive Vice President NAPA Shipping Solutions, commented, “The bulk carrier market is a challenging trading environment. With current freight rates where they are as well as an increasing regulatory burden, owners and charterers need every edge they can get.

NAPA’s Fleet Intelligence solution provides charterers with the opportunity to evaluate their fleet, fuel use, and prospective voyage routes and their relative profitability in a single platform with no disruption, or additional costs caused by sensor installations. What’s more, they can almost instantly access the data at-scale for their entire chartered fleet, adding and removing vessels as time-charters begin and end.

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 optimisation 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.

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