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Fuel InsightNew DNVPS fuel management benchmarking web
application
Improving the bunker purchase evaluation and decision-making
processes can help charterers, ship operators and ship
ownersachieve substantial cost savings and risk reductions,
provided they have quick access to reliable data on supplier
performance.
Fuel Insight, a cutting edge data-analytics tool by DNV
Petroleum Services, is designed with these considerations in mind.
A fastand powerful online benchmarking tool, it helps fuel buyers
and fleet operators get the best value for money from their
bunkerpurchases. At the same time, users can evaluate the
fuel-related performances of individual vessels and fleets against
industryaverages and identify potential improvements.
www.dnvps.com
Bunker expenses represent a large fraction of a vessels
operational costs and must be monitored carefully. But otherthan
bunker prices, volatile fuel quality trends, supply chain
developments and increasingly stricter environmentalregulations are
now equally important factors, effectively transforming todays
marine fuel management into a muchmore complex process.
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www.dnvps.com
DNVPS Singapore
27 Changi South Street 1Singapore 486071Phone: +65 6779 2475Fax:
+65 6779 5636Email: [email protected]
DNVPS Oslo
Veritasveien N-1363Hvik, NorwayPhone: +47 67 57 9900Fax: +47 67
57 9393Email: [email protected]
DNVPS Rotterdam
Zwolseweg 12994 LB BarendrechtThe NetherlandsPhone: +31 10 292
2600Fax: +31 10 479 7141Email: [email protected]
DNVPS Houston
318 North 16th StreetLa Porte, Texas 77571, USAPhone: +1 281 470
1030Fax: +1 281 470 1035Email:[email protected]
DNVPS London
Palace House3, Cathedral StreetLondon SE1 9DE,The United
KingdomPhone: +44 (0)20 7357 6080Fax: +44 (0)20 7716 6736Email:
[email protected]
DNVPS Fujairah
Port of Fujairah,P.O. Box 1227Phone: +971 9 222 8152Fax: +971 9
222 8153Email: [email protected]
Unique Features of Fuel InsightnPrice Correction Calculator
estimates corrected bunker
prices based on suppliers quoted prices, taking into
consid-eration their historical fuel delivery performances in
densitydeviations (values reported in Bunker Delivery Notes as
com-pared to tested results), sediment content and fuel energy.The
Energy component is included by comparing the energycontent in
delivered bunkers to the global energy average forthe fuel
grade.
From the calculated price correction, a financial loss/gain
(inUS dollar) and a quantity loss/gain (in metric ton) are
instantlylisted to give an easy to read benchmark.
nReporting Benchmark compares the selected suppliersBunker
Delivery Note values for density, sulphur and viscosityagainst
lab-tested results.
nStatutory Benchmark evaluates the compliance record of
theselected suppliers deliveries in relation to sulphur and
flash-point regulatory requirements.
Financial Benchmark is similar to the Price
CorrectionCalculator, except that the reporting is on a 0-100
scale, insteadof US dollar or metric ton.
nTechnical Benchmark analyses the technical quality of
theselected suppliers products by evaluating critical ISO
8217bunker quality parameters weighted according to their levelsof
importance.
The score for each of the four benchmarks in Fuel Insightranges
from 0 (worst) to 100 (best). When evaluating theoverall
performance of the selected supplier according to thesebenchmarks,
users can assign different weights (Low, Medium
or High) to each as well as have the option of excluding any
ofthe benchmarks from the evaluation. The overall score is alsoin
the 0 to 100 range and is an arithmetic average of all
selectedscores.
Accurate and Reliable Insights
Supported exclusively by the DNVPS marine fuel qualitydatabase
the biggest in the industry Fuel Insight connectsthe whole bunker
industry to a reliable online repository ofbunker intelligence.
Improve your risk management with fast, accurate
performancemonitoring and decision-making, now available at
your
fingertips.
Fuel Insight Enquiries
To arrange a Fuel Insight product demonstration in your
office,or request for a 30-day no-obligations trial, please contact
yournearest DNVPS regional office.
