New Contract System for JIT Arrival Could Save 15 Percent on Fuel
Summary
New Contract System for JIT Arrival Could Save 15 Percent on Fuel A new approach yields "most of the benefits of ‘just-in-time’ arrivals, without most of the problems" NAPA has teamed up with international law firm Stephenson Harwood and a group of leading maritime stakeholders to come up with a legal/technical fix for the ubiquitous "sail fast then wait" (SFTW) phenomenon, which wastes fuel on unnecessary but contractually-incentivized fast transits. Slow steaming with just-in-time arrival is more efficient, but it is hampered by poor communications between ships and ports, and the savings are unevenly distributed among the charter-party participants. NAPAs "Blue Visby Solution" is based on software-optimized speed and weather routing, but it incorporates a contractual framework to address the problem of so-called “split incentives." Blue Visby complements voyage planning and weather routing software by providing a target arrival time and enables users to optimize routes and speed to save fuel without worrying about losing a competitive advantage," said Executive Vice President at NAPA Shipping Solutions. Other early partners in the consortium include Anglo-American, Carbon Trust, ClassNK, CMB, Drewry, Ocean Conservancy, Lloyd’s, the UK Hydrographic Office, the University of Manchester, Tankers International, and Vertis.