Digital tool to optimise fleet positioning to be piloted

Soren C. Meyer, Chief Strategy Officer
Less than one year into the strategic partnership between Maersk Tankers and CargoMetrics, the first digital tool is about to be piloted.

The simulation tool, SimTankers, is part of Maersk Tankers’ digital strategy. Charterers will use it to position vessels optimally, taking into account profit and loss and commercial risks.

“There is a long-term positive outlook for the product tanker industry, which we want to take advantage of by applying algorithm-based trading strategies, generating new revenue, new businesses and efficiencies,” says Soren C. Meyer, Chief Strategy Officer, Maersk Tankers.

SimTankers simulates the fleet’s positioning based on historical data of its voyages. For example, a vessel on a voyage from Houston to Rotterdam provides data such as voyage duration, days of demurrage, port fees and bunker costs. The data is processed using advanced analytics. This will, according to Peter Schroder, Chief Digital Officer at Maersk Tankers, strengthen the company’s trading decisions “because it will proactively tell us in which markets we should position the fleet to meet future demand and achieve the highest earnings.”
 
The LR2 segment has been chosen for the initial testing. Following testing in this segment, it is planned to deploy the simulation tool in other vessel segments.

Peter Schroder, Chief Digital Officer at Maersk Tankers

About Maersk Tankers

Maersk Tankers is a service company that provides commercial management solutions for shipowners in the tanker industry, operating one of the largest tanker fleets in the world. Our purpose is to pioneer shipping solutions for our partners and the planet. Founded in 1928, we have a century of expertise in management of tankers, which we use to develop and deploy solutions that help shipowners boost the economic and environmental performance of their vessels. Maersk Tankers employs approximately 300 employees in Denmark, Singapore, India and the U.S. and is headquartered in Copenhagen, Denmark.