PortLog’s laytime impact on port stays… now available in Veson’s VIP platform
The integration between the two systems can help ship owners, operators and charterers more accurately plan and execute their port calls, in order to manage risk and improve operational, cost and environmental efficiencies within the port stay part of a commercial voyage charter.
Via the Veson Partner Network, PortLog will be integrated into the heart of the Veson IMOS Platform (VIP), giving Veson users access to PortLog’s extensive data on port costs and port call times to unlock new opportunities and value.
The integration will enable dry bulk customers to enhance pre-fixture workflows within the VIP Voyage Estimator, enabling more accurate estimates of the time and cost of the port call component of a voyage, as well as estimates of the potential impact of unpaid time in port.
PortLog draws on extensive transactional data with over 20.5 million harmonised time events and multiple layers of Master Data.
This enables chartering and operations departments to:
- Estimate the total cost of a port call
- Estimate the financial risks related to turnaround time, unplanned downtime, weather impact, and berth level restrictions
- Predict the relevant calling terminal within a port with more accuracy than ever before
- Assess the risks and opportunities related to the demurrage and despatch impact before a fixture is agreed upon
PortLog data will now be directly and seamlessly embedded into users’ daily workflow in IMOS, providing users with context-relevant alerts and information at a terminal level for chartering, operations and claims handlers.
Jens Poulsen, Marcura’s Group Chief Executive Officer:
“We are excited to be working with Veson Nautical as a Platform Partner to open up a whole range of digital solutions that, until now, have been impossible to imagine. I am confident this integration will bring significant benefits to our joint customers.
“This integration brings this digital data directly to where our clients can utilise it to great effect – in Veson’s IMOS platform.”
John Veson, Veson’s CEO:
“Our vision is to be the platform the maritime industry relies on to propel commerce and help manage the industry’s increasing complexities.
“Collaboration and forming strategic product partnerships with fellow innovators in the industry is central to this, creating a range of standard tools that partners can add value to, and clients can build upon to successfully facilitate the execution of trade within the maritime industry.”
Connecting Terminal Risk Manager and VIP
The PortLog+VIP integration is only available for customers of PortLog’s premium chartering feature, Terminal Risk Manager.
Terminal Risk Manager provides pre-fixture estimates for:
Predicted terminal
Allowed time
Extra port days
Demurrage or despatch amounts
Port expenses
Here are some screenshots of the PortLog integration, live in VIP
1.PortLog estimates refresh live in the notification panel, as you prepare your voyage estimate in VIP
2. Click “apply to Estimate” in the panel to update the voyage estimate from inside VIP
3. Estimate the voyage PnL before the PortLog estimates are applied to the voyage estimate
4. Estimate the voyage PnL after the PortLog estimates have been applied to the voyage estimate
Users can at any time click the link straight through to PortLog, in order to get a more in-depth understanding of risks and opportunities at each terminal.
A push-back integration of user-refined estimated values from PortLog to VIP is under development and will be available est. Q1-23.
The PortLog Team and Veson would love to show you the future of voyage estimation in action.
Get in touch for a demo!
SEE THE SOLUTION
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