Over the past ten years, vessel prices as well as fuel prices have surged.
Fuel, labor, levies, inflation – throughout the whole industry costs keep rising, making it increasingly tougher for WWL and its customers. Here are five areas where WWL is actively reducing costs and improving efficiency.
1. Tonnage deployment
WWL will invest in advanced planning and optimization systems so that better decisions are made concerning tonnage deployment. These models will help ensure capacity can be allocated to where it is needed most, while still continuing to meet customer commitments.
2. Speed and scheduling
Sailing at a slow steady pace and reaching port on time, is far more fuel-efficient than sailing quickly, arriving too early and being forced to wait. For this reason, WWL is improving planning and precision, so that vessels travel at optimal speed and arrive according to schedule. The target is to save up to two per cent in fuel consumption.
3. Reduce non-steaming time
Ships only generate revenue when they’re sailing, so it’s imperative to minimize days in port. Already, WWL has reduced non-steaming days by six per cent, which is time that can be better utilized for adjusting speed or improving services to customers.
4. Reduce port calls
Each port call elicits direct costs in terms of stevedoring and piloting, as well as operational costs and time. If a port can be removed from a voyage, without compromising customer service, then these costs can be spared. After analyzing volumes, commitments and service levels, and optimizing allocation of cargo to available sailings, WWL has reduced port calls in just about all regions.
5. Vessel utilisation
Loading cargo on a ship is a lot like a game of Tetris – if you plan carefully, you can maximize your space and fit more in. Following this principle, WWL has implemented improved planning processes and collaboration, which has enabled increased cargo carried on every vessel by 1-2 per cent.
The GO+10 program
The GO+10 program is an initiative from WWL, aimed at finding ways of working more efficiently to counter rising costs. It was officially launched in Oslo in December 2011, and includes representatives from WWL’s trade, operations and commercial divisions.