Shipping companies can save millions of dollars by cutting just a little of the time spent in ports. For instance, a shipping company can save up to USD 40 million by shortening the time of just one service, writes Loadstar based on an analysis by SeaIntel, made in collaboration with the Global Institute of Logistics and software company Cirrus Group.
The three parties have examined the effects of shortening a ship’s time spent at port. The study focused on the savings that could be made by optimizing the berthing process. And it turns out that cutting the berthing time can create extra time in the shipping company’s schedule, time that can be used to lower the speed when sailing toward the next port, corresponding to the amount of time saved at the previous port.