Glossary

Involves tracking and analyzing a vessel’s fuel consumption in real time to identify patterns and areas for improvement. This process enables operators to optimize fuel usage, reduce costs, and lower emissions by adjusting speed, routes, and operational practices based on data insights.

Weather Routing is the practice of using meteorological data and forecasting tools to determine the most efficient route for a vessel, taking into account weather conditions, currents, and sea states. By optimizing routes based on real-time weather information, ships can reduce fuel consumption, travel time, and improve safety.

The effective management of a vessel’s operations to maximize output while minimizing input. This includes optimizing fuel consumption, voyage planning and execution, crew performance, cargo handling, and maintenance practices to enhance overall productivity and reduce operational costs.

The systematic approach to managing fuel supplies on a vessel, including procurement, delivery, storage, and consumption. Effective Bunker Management ensures that vessels have the right amount of fuel for their voyages while minimizing waste and fuel costs.

Just-in-Time (JIT) Shipping describes a logistics strategy that aims to reduce inventory costs and improve efficiency by coordinating the arrival of goods and shipments to align with demand. In maritime operations, JIT Shipping minimizes the time vessels spend in port, enhances turnaround times, and optimizes supply chain operations.