BigOceanData has been in the maritime, ship tracking business for nearly 30 years. Our clients have taken us into many markets, leading us to develop several forms of sought-after data integration.
But these day, vessel tracking has become just one component in our comprehensive business solutions offering and we’re aware that the term means different things to different people. We record 24 million vessel position reports per day and have done so for many years. This valuable data continues to help shape the maritime industry. But what does that really mean for the business of ship tracking today?
January 2023 saw the implementation of Carbon Intensity Indicators (CII) in shipping, meaning tracking is now an enabler to ensure vessel performance and that the voyage is being delivered on plan – following the carefully optimised passage plan and remaining within the CII objectives to remain compliant. You can read more on how we can support Decarbonisation here.
Vessel performance management enables operators to meet their green credentials and owners to meet the ever tighter carbon controls. Ship tracking and integration with onboard sensors form the backbone of performance management. Lower fuel consumption and cost to the supply chain are just another upside.
The global logistics environment revolves around vessel tracking and just-in-time delivery. Shipping is just one element in that supply chain though and can be subject to many variables. As the scope for variation diminishes and shipping moves toward just-in-time operations; real-time visibility, tracking and meeting the RTA have become critically vital.
Marine Insurers need to know exactly where vessels are and dynamically calculate their financial risk exposure. BigOceanData continuously track the global fleet for the insurance markets and integrate the policy values to calculate the risk to underwriters and reinsurers. These markets use BigOceanData to help vessels de-escalate incidents and navigate vessels around the risks to keep mariners safe.
Commodity traders use vessel tracking and cargo data via the BigOceanData Business Intel platform to know the volume of commodities being shipped, to where and exactly when. This provides traders the insight of availability and therefore the ability to predict market rate changes on a macro-economic scale.
BigOceanData sits firmly ahead of the wave and supports numerous companies and organisations with an industry-leading toolkit of ship tracking data and technologies. If you’re keen to save money, minimise risk and manage CII, please talk to us about what vessel tracking means to you in 2023.