Leading dry bulk carriers use Sofar Ocean’s Wayfinder platform to keep their vessels safe and access daily optimized voyage guidance that saves fuel, time, and emissions.
In the first half of October 2023 arrival window, a sampling of Capesize vessels following Wayfinder’s variable RPM and waypoint recommendations saved an average of $62,000+ per voyage across dozens of ballast and laden legs between Brazil and China (Baltic Dry Index C14). Average total equivalent fuel savings exceeded 8% and average emissions output fell by 270 MT of CO2 per leg driven by weather upside capture.
The third week of October also saw sustained momentum following the increase in Capesize rates for the Brazil to China iron ore routes – with freight rates at around $24/tonne, a 28% increase over September. The higher rates further enhanced the profitability for any Capes optimizing with Wayfinder over this period. These multiplier outcomes are possible because of Wayfinder’s dynamic approach to voyage optimization with superior weather forecasts. Wayfinder sends continuous commercially optimized guidance to vessels throughout a voyage. Just as Google Maps analyzes the latest traffic and gas price information before it recommends a new route, Wayfinder considers the latest weather forecasts and market factors before it sends a daily RPM recommendation or issues new waypoints from amongst hundreds of millions of options. This dynamic approach outperforms the “set it and forget it” sailing strategies, like constant power, that other platforms recommend.
At the core of Wayfinder’s optimization engine are Sofar’s best-in-class weather forecasts. These forecasts assimilate the real-time data collected by Sofar’s global network of ocean sensors, and are up to 70% more accurate than the traditional, satellite-based models used by other platforms. By employing superior forecasts that incorporate real-time weather observations made along a vessel’s route, Wayfinder advises vessels to speed up, slow down, or change course to minimize voyage costs and emissions. Contact the Wayfinder sales team to learn more or schedule a demo.
Tags:
Unlock Exclusive Insights Today!
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
By Ship Shape Health Life at sea can be challenging. Long hours, limited equipment, unpredictable routines, and few healthy food options. But staying fit, energized, and mentally sharp isn’t just...
Offshore supply vessels (OSVs) play a fundamental role in the oil and gas industry, ensuring that offshore platforms—whether oil rigs, wind farms, or drilling sites—receive the supplies and support they...
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.