Optimizing fuel consumption in maritime logistics with data and AI-powered bunker management system

CIGen partnered with a UK-based client in the transport and logistics industry to develop an innovative solution that helps shipping companies reduce unnecessary bunker costs. The project aimed to create an online platform that allows vessel owners and operators to identify the optimal bunker port when planning voyages. By leveraging real-time data and advanced algorithms, the platform provides vital information such as fuel prices, deviation costs, and weather updates.

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Tech stack

ASP.NET

Web API

Entity Framework

MS SQL Server

Azure

AngularJS

Custom maps

About
our client

Location

United Kingdom

Industry

Logistics

Timeline

2020

Our client is a leading player in the transport and logistics industry, specializing in shipping operations. They sought a technological solution that would assist vessel owners and operators in optimizing their fuel purchasing decisions by finding the most cost-effective bunker ports during voyage planning.

The challenge

Shipping companies frequently miss cheaper bunker options, which can increase costs by $200 per day across all voyages. The challenge was to develop a solution that would provide shipping companies with real-time data on over 1,000 ports, enabling them to find the most affordable bunker options while considering numerous variables such as port fees, fuel consumption, and weather conditions.

Collaboration goal

To develop an online platform that helps vessel owners and operators find the optimal bunker port during voyage planning, reducing fuel costs and improving operational efficiency.

Services we delivered

Software engineering

DevOps

Team composition

CIGen filled the talent and knowledge gap in weeks where the company would have needed months to do so. The line-up included:

No items found.

The result

Reducing bunker costs with real-time data and advanced algorithms

CIGen successfully built an online portal that allows users to enter voyage details and instantly receive critical information such as the distance to the nearest port, ETA, fuel quantity, and the most cost-effective bunker port. The platform considers over 1,000 ports, providing live prices and taking into account deviation costs, consumption, ROB, and various other factors.

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Cost optimization: Identifies the cheapest bunker port based on live pricing data, helping shipping companies save on fuel costs.

Comprehensive data: Considers over 1,000 ports, including deviation costs, fuel consumption, and port fees.

Real-time updates: Provides users with live fuel price alerts, weather updates, and fuel quality alerts, enhancing voyage planning.

Advanced calculations: The algorithm accounts for multiple variables such as barging fees, port availability, and weather conditions, improving decision-making.

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Client about our cooperation

The features

Real-time bunker port selection Users can instantly find the cheapest port for bunkering based on live data from over 1,000 ports.

Advanced algorithm Takes into account deviation costs, consumption, ROB, laycan, port fees, and other critical variables.

Fuel quality alerts Provides alerts on fuel quality at different ports, helping operators make informed decisions.

Weather updates Integrates weather forecasts to assist with voyage planning and bunker port selection.

Detailed port information Displays available specs, suppliers, and extra costs for over 400 ports worldwide.