Ship fuel spikes to historic $1,000/ton mark as war fallout worsens

The fuel prices have doubled, but what should shipping company do with that? Our suggestion is to check where the actual fuel losses of your fleet are located
The fuel prices have doubled, but what should shipping company do with that? Our suggestion is to check where the actual fuel losses of your fleet are located.

Since the war in Ukraine started 3 weeks ago Maritime transportation has been hit from different sides. It is not only the skyrocketing fuel costs and disruption of the supply chain, but also a seafarers crisis, sanctions and geographical zone restrictions.
Marine fuel prices
According to Ship & Bunker, the average price of VLSFO at the world's top 20 bunker (marine fuel) ports reached $987 per ton on Tuesday 4th of March, up 84% year on year. In two of the top four ports — Singapore and Fujairah, United Arab Emirates — the price of VLSFO reached $1,001 and $1,024 per ton, respectively. These price levels are unprecedented.

It is obvious for the maritime professionals that vessel efficiency is a complex thing with lots of different factors affecting it.

Weather, technical state of the vessel, just-in-time arrival, route geometry and many others might affect your cost in a wrong direction.
These price levels are unprecedented
For our artificial intelligence solution it takes only 1 minute to analyse historical routes of your fleet and give you a clear understanding where you can save money and what caused the inefficiency.
For our artificial intelligence solution it takes only 1 minute to analyse historical routes of your fleet and give you a clear understanding where you can save money and what caused the inefficiency
And we are glad to give you the free trial access for one of your vessels to test the solution and understand in detail your voyage specifics. Only having the IMO of the vessel the algorithm is able to give you a lot of insights.

Our solution works within the following frameworks of efficiency analysis:



fleet KPI
Since we are limited in hardware resources, we are ready to offer a free pilot project to only 20 shipping companies that are the first to respond to this exclusive offer and sign LOI + NDA.
TOP 5 factors contributing to lower fuel costs for Shipping companies
Get a presentation with a full description of the features and free pilot project with trial of Marine Digital FOS for 2 months
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Аdvantage of Fuel Optimization System from Marine Digital:
Marine Digital FOS can be integrated with other system and third-party's solutions through the API. To implement vessel performance monitoring for any vessel, we are using mathematical algorithms, machine learning and the same equipment as in FOS. The more data we collect from vessels, the more precise reports and recommendations our system will perform according to your individual requirements in fleet management.

If you have any questions about the solutions and the Marine Digital System platform, write to us, we will be happy to answer
Increased business process speed
Increased business process speed
Reducing to zero the number of errors
Reducing to zero the number of errors
Best offer to the clients
Best offer to the clients
Reduction in operating expenses
Reduction in operating expenses
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