Thorco Projects Selects Navis' Bluetracker for Charter-Party Compliance Monitoring and Analysis of Operating
Fleet
Navis, the leading provider of maritime software solutions for efficient and compliant cargo and vessel performance, announced
today that Copenhagen-based Thorco Projects has selected Bluetracker to monitor and analyze the vessel performance of their own
vessels and contracted vessels in compliance with the agreed terms of the charter party. The specialist in global project shipping
operates one of the world’s largest multi-purpose fleets, featuring vessels with lifting capacity to handle unusually large and
heavy cargo as well as excellent speed capabilities.
Thorco Projects’ commitment to carrying a broad portfolio of break bulk and heavy cargo anywhere in the world at any time
requires reliable performance and a high level of flexibility in this spot-market business. Therefore, Thorco Projects sought
assistance in efficiently overviewing their own and chartered vessels that need to respond to the requirements of a highly volatile
market.
With the help of the Charter Monitor module of Bluetracker One, Thorco Projects will achieve greater visibility of charter-party
compliance by monitoring the operational speed versus fuel oil consumption as agreed upon with the charter party. The scope of the
current initial agreement includes 12 contracted vessels. The system gives automatic notification if the speed consumption curve
exceeds certain limits, which enables closer collaboration between Thorco Projects and their ship managers in order to continuously
optimize vessel performance.
In addition, the system fosters closer internal collaboration between the performance and operations departments by both working
with a single source of truth, easy to use and to share data. “Operating a mixed fleet of own and chartered vessels in a
spot-market business is often a challenge, since the operational vessel performance data are being evaluated from different
perspectives with different priorities,” says Thomas Mikkelsen, CEO at Thorco Projects. “Establishing a multi-tenant source of
truth that ensures the same level of knowledge about operational data in real-time of different stakeholders is a step towards
effective operations in a dynamic market based on collaboration.”
“The availability of operational vessel performance data at any place, at any time, is seen as an added value – especially by
the technical managers amongst our customers using Bluetracker,” says Selke Eichler, Global Director Customer Support at Navis
Carrier and Vessel Solutions.
Besides the easy collaboration functionality, the system additionally runs a plausibility and estimation engine to ensure a
level of high data consistency and quality based on data collection sources. It already proved successful at one of Thorco
Projects’ ship owners before rolling out at Thorco.
By adding Thorco Projects’ contracted vessels being monitored with Bluetracker, the Bluetracker fleet has grown to more than 500
vessels of different types using onboard data collection (reported or measured) and / or vessel performance and emission
compliance, monitoring and analyzing functionalities.
To learn more, visit
www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance
and efficiency for the world’s leading terminal operators and ocean carriers. Navis combines industry best practices with
innovative technology and world-class services to enable our customers to maximize performance and reduce risk. Whether
tracking cargo through a port, automating equipment operations, or managing multiple terminals through an integrated, centralized
solution, Navis provides a holistic approach to operational optimization, providing customers with improved visibility, velocity
and measurable business results. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load handling solutions with the goal of becoming the
leader in intelligent cargo handling. Cargotec's sales in 2016 totaled approximately EUR 3.5 billion and it employs over 11,000
people.
www.cargotec.com
Steffi Karsten
Navis, LLC
T+4 940 830 33256
Steffi.karsten@navis.com
Geena Pandolfi
Affect
T+1 212 398 9680
gpandolfi@affect.com
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