Container shipping lines are increasingly under pressure to provide better visibility of shipment detail and better service reliability as demanded by customers globally. The gloomy global economy outlook due to slow down in the US in the aftermath of US sub prime crisis could translate into reduce demand in shipping capacity while vessel with larger capacity come into service putting further pressure on carrier. The rising fuel costs further dampen the already murky outlook.
To stay afloat and meet these and other challenges, Carriers need to constantly innovate and realign their services for better service reliability, looking into ways to further reduce operating cost, streamline processes and rely on timely operation information so that they can analyze and make faster informed decisions and take proactive approach to plan and optimize asset utilization.
| Find out how Solverminds solutions address your day-to-day business challenges. |
| Business issues |
Solverminds solutions capabilities |
| How can I know future container demand requirements and in optimizing the equipment reposition cost? |
Cargo Flow module allows the agency to forecast the cargo volumes basis each customer in their domain and conversely allows the line to get the demand forecast. The epicentre of the liner operation knows the supply and demand situation vessel by vessel. |
| What vessel size is suitable for the trade? How can I allocate the spaces to booking agent to optimize the capacity utilization? |
Capacity Planning module obtains the demand forecasts from Cargo Flow module. The seamless integration allowing the capacity manager gain visibility to real-time demand and efficiently allocates the available spaces to booking agent by TEUs / weight for each port pair. |
| What is right freight rate that produces positive contribution that uses the best routings with shortest transit time? |
Contribution & Auto Routing module calculates yield between Place of Receipt to Place of Delivery, identify the best routings in both transit time and cost effectiveness, a powerful decision making tool available that empowers Commercial team to make better informed decisions. |
| What is my slot cost to operate a vessel on Asia to Europe trade and what is the impact on my slot cost if fuel or charter rate increases by 5%? |
Slot Cost Calculator calculates the cost of each slot on a container vessel taking into account the port rotation, the charter hire, bunker rates, canal transit cost, and the lifting of the vessels. Create what-if scenario to simulate the impact of cost increases and make better informed decision to adjust vessel deployment to meet changing business environments. |
| How much cost was incurred on the vessel’s port call? How can I accurately accrual these costs early for more accurate financial reporting? I want to know the cost as soon as vessel has departed from the port. |
Disbursement Accounting module allows the Agency to report the revenue generated and costs incurred within the port of responsibility of agents. Using industry’s first Activity Base cost reporting to calculate actual cost based on user configurable pre-defined predictable activities cost behaviours and vendors’ contracts. Feed estimated cost into Line’s accounting system for improved management reporting. |
| How should I route the cargoes without affecting the transit times and incurring extra cost for relaying the cargoes? |
Network Routing module automates this old-age problem using high technology parallel processing / multitasking techniques and algorithm to search for optimal routing based on available schedules from various services within the service network. |
