Innovations in software systems have benefited the shipping industry. IT packages offer solutions that maintain reliability and streamline vital processes that entail on-time deliveries, a secure supply chain and avoidance of additional costs on the part of shipping operators and managers. Container tracking software helps companies with reliability by keeping tabs on scheduled arrivals and departures. Meanwhile,bunker management software can optimize fuel efficiency by providing an overview of bunker consumption. Carriers and operators aim to optimize revenue generation by streamlining core functions.
With respect to bunker management, the call for more environment-friendly fuels would have a strong impact on fuel consumption. New innovations that seek to replace high-sulfur bunker oils have been introduced to the market in the form of Liquefied Natural Gas or LNG. This comes with international calls for safer fuel alternatives to bunker fuel, which has seen recent price fluctuations. On top of this, maritime organizations are introducing directives calling on carriers to minimize high-sulfur fuels or replace them entirely with safer options, particularly LNG. In fact, the International Maritime Organization is expecting that high sulfur fuels be phased out by the end of 2020. Transitioning to LNG however entails massive expenditures on engine modifications.Bunker management softwareshipping management software
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