A Forecasting Module That Earns Global Praise

 

OceanScore’s Compliance Manager entails a forecasting module for maritime compliance that is receiving high praise from shipping management teams worldwide. Given the reprioritisation of fuels that FuelUE Maritime allows for, year-to-date numbers are nice to know. But one final leg on B30 at the end of the year can change the compliance picture for the full year. A charterer redeploying a vessel into Europe in Q4 can kill a surplus accumulated. To decide on compliance strategies, to be able to understand the impact of different charter party clauses, to be able to report and manage total exposure, a full year maritime compliance perspective is a must.

 

 

Automated, Real-Time Full-Year Compliance View

 

OceanScore’s solution provides exactly that. It automatically ingests year-to-date data for each vessel in a fleet, covering their EU ETS and FuelEU exposures. It then adds to this a forecast for the rest of the year, based on historic trading patterns, providing a full-year picture. Available and updated 24/7, fully automatic.

This view is available per vessel and for the entire fleet, can be broken down to individual subfleets, pools, charterers, etc., for easier alignment with operational priorities. 

 

 

Flexible Forecasting in a Dynamic Industry

 

But where is the trick? Shipping is too dynamic for a static forecast. So OceanScore’s solution allows to overwrite any future period for any vessel. It allows to change deployments, change bunkers, EU scopes,… It allows to compare different options by simulating their outcomes, and then “locking in” the chosen path, automatically updating not only the compliance of this vessel but of the entire fleet.

 

 

Charter or Voyage-Based Simulations – You Choose

This can be done for (charter) periods or for voyages. If you chose the voyage based approach, just enter the port pair and the choice of bunkers – OceanScore does the rest, automatically considering the calorific values of the different bunkers, realistic (not theoretical) distances, vessel specific consumption patterns (we certainly benefit from the deep shipping expertise of our data teams and the access to so much data that we have accumulated in the last five years).

 

From Forecasting to Strategic Decision-Making

What do our customers gain from this? They can properly balance their pooling strategy with their bunker strategy, based on real-time data and up-to-date views on deployment patterns. They can buy pool places and biofuels based on what they will need, not based on what they would have needed. They can rest assured that their overall compliance cost is known, under control and reduced to the degree possible.

 

Fully Integrated with Compliance Manager or Standalone

Our forecasting module is fully integrated into OceanScore’s Compliance Manager, which helps shipping companies manage costs and opportunities of EU ETS and FuelEU Maritime by automating the underlying commercial processes and securing end-to-end transparency. It can be subscribed standalone as well.

 

Ready to forecast your compliance exposure with confidence?
Explore how OceanScore’s Compliance Manager can optimise your EU ETS and FuelEU Maritime strategy, or get started with the standalone forecasting feature today. Contact our team or request a demo to learn more.