Inchcape Shipping Services is adding a new Port Cost Estimator (PCE) to its World of Ports 2.0 platform that will make both voyage cost calculations and TCE estimates much easier and more…
Inchcape’s new Port Cost Estimator is missing link in voyage cost puzzle
Anyone involved in voyage planning will love this clever new module in World of Ports 2.0. It has been created by Head of Systems at Inchcape, Captain Aravind Prasath, and his team. Tech whizz Prasath was a vessel master for 10 years before joining Inchcape so is very familiar with the “unknown variables” that can knock port-cost calculations out of whack.
The port costs challenge
Where you load and discharge makes up a big chunk of the total cost of a voyage. A major challenge is to estimate the cost both ways. To go ahead with a charter, you need insight into every required financial transaction to avoid making a loss. PCE provides cost estimates based on port operations ranging from loading and discharging to bunkering and canal transits, and across different vessel types and sizes.
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