Press Release – METIS Cyberspace Technology S.A. has launched a new software module to tackle the huge challenges shipping companies face in monitoring vessel performance effectively to meet Charter Party Agreement (CPA) reporting needs. The new module, announced today, addresses the challenge with functionality that will greatly enhance the productivity of both operations and chartering departments.
The new module allows operators to monitor and track their vessel’s CPA performance at a glance through the online METIS platform using a set of visually rich dashboards. Once all CPA terms are imported into the system the user can monitor all vessels concerned and identify potential deviations to specified consumption and speed terms. In addition, the system provides automated notifications in case the speed consumption curve exceeds certain predefined limits.
“Monitoring performance to match CPA expectations is one of the biggest challenges a vessel owner can face,” says Mike Konstantinidis, CEO, METIS Cyberspace Technology. “The CPA module means the right information is always available during the voyage to take corrective actions and at the end of every voyage for performance evaluation and to address any potential claims.”
Konstantinidis adds that the analysis used is based solely on data collected automatically through METIS Ship Connect, the data acquisition system developed by METIS whose accuracy is approved by Lloyds Register. “The analysis involves the utilization of weather data, vessel manoeuvring states and all other remarks included in the CPA, to provide a holistic view of the vessel’s compliance,” he adds.
About METIS Cyberspace Technology S.A.
METIS Cyberspace Technology specializes in Data Acquisition, Real-time Performance Monitoring and Intelligent Analytics for the Maritime Industry, based on advanced Machine Learning and Artificial Intelligence techniques. Based in Athens, the core of METIS is its team of skilled engineers and researchers whose innovative thinking, maritime business know-how and expertise in high-end technologies are empowering shipping’s digital transformation. Established in 2016, METIS is majority-owned by maritime-focused environmental engineering group ERMA FIRST.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,900 members that receive our newsletter.
Have a news tip? Let us know.
Carras (Hellas) S.A. is taking the next step in its sustainability journey by receiving the ABS Biofuel-1 notation for its Aquataurus ultramax bulk carrier, the first vessel in the world to qualify....
ABB has been selected by Maine Department of Transportation (MaineDOT) to supply a comprehensive grid-to-propeller solution for the new double-ended, hybrid-electric ferry that will provide essential services between the town...
On February 27th, 2024, the world’s first Voith propelled tractor tug with LNG dual fuel propulsion was successfully launched by Uzmar Shipyard in Istanbul, Turkey. Named the Sultanhani, this is the...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,900 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
