World News
Sat-Comms Said to Drop Operation Costs 10%
Satellite communications systems can reduce vessels' operating costs by as much as 10 percent, Frank Coles, president of satellite communications services company Inmarsat Maritime, told an audience at London International Shipping Week Wednesday, according to a company press release.
"The problem is people haven't always moved with the times and so may not know what's possible," Coles said.
"So, they'll look at their current cost, which is an average of US$25 per day, and seek a reduction."
Coles said if ships instead increased that sum, which represents just 0.3 percent of a ship's running costs, to $100 per day, they could get unlimited email and data service which could end up reducing running costs by nearly $200,000 per year.
The possible sources of the cost reductions include fuel savings, performance improvements, lower port charges, insurance premium reductions, improved crew morale, and lower costs for remote IT repairs and support.
In an emailed statement, Coles said ship owners are seeking ways to improve their efficiency in the face of a tough market.
"Satellite communications are central to addressing these concerns and for opening up new options," he said.
Shipping line MISC Berhad (MISC) purchased Inmarsat systems for 46 tankers last year to improve internet and telephone service on the ships.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 645.00 | 2.00 | 767.50 | 11.50 |
| Rotterdam | 600.00 | 8.00 | 751.50 | 13.00 |
| Houston | 627.50 | 9.00 | 796.00 | 11.50 |
| Fujairah | 649.50 | 0.00 | 889.00 | 0.50 |
| Global 20 Ports Average | 665.00 | 0.50 | 864.00 | 6.50 |
| Global 4 Ports Average | 630.50 | 5.00 | 801.00 | 9.00 |
| Global Average Bunker Price | 722.50 | 2.50 | 922.50 | 3.00 |
Popular Now More
-
Apr 19The firm has chartered the 7,994 DWT barge Margherita to add to the operation, operated by Fratelli Cosulich. -
Apr 18Singapore's authorities are in the process of developing a regulatory framework for a methanol bunkering licence, and plan to call for applications for the licence by the end of this year. -
Apr 19The company is looking for candidates with proven experience in bunker trading and demonstrated leadership experience.