The New Era in Chartering: Transporting the chartering brokerage into the 21st century


CASE STUDY
April 15, 2020

VesselBot as a leading technology company leverages Spire’s satellite data, Big Data and Artificial Intelligence to provide the dry bulk shipping market with a digital platform that optimizes the chartering process. VesselBot’s platform digitizes the whole chartering process and enables the end-user to conclude a fixture in a more efficient and effective way while optimizing profitability.

Challenges

Charterers, cargo owners, shippers, buyers, and ship owners needed a more efficient way to conclude a fixture because the current process was time-consuming and didn’t provide enough market visibility.

Securing proposals required screening hundreds of emails and telephone calls, as well as integrating data from multiple emails, Skype, and WhatsApp accounts. As the market changes, new tonnage that might be available and a good fit for cargo could fluctuate in availability. Keeping up to speed with these changes was impossible and resulted in missed cargo and open tonnage opportunities.

Solution

VesselBot’s platform solves this challenge by offering dry cargo sector the opportunity to jump on board and take advantage of advanced technologies that enable expediting the process in a matter of seconds as opposed to days.

VesselBot’s platform provides up-to-date results allowing users to optimize their cargo and vessel assignments. By merging Spire’s AIS data, port information, bunker, cargo, route, and distance data VesselBot eliminates data silos to provide near real-time market visibility. Chartering department professionals can now make more accurate, data-driven decisions with minimal effort and without having to manage mundane, non-value adding tasks.

Results

We compared the manual process vs our digital selection tool using the following real cargo example:

How VesselBot matches this cargo to a vessel:

Our state-of-the-art technology, maps available ships using, among others AIS data and develops new optimal matches.

About VesselBot

VesselBot is a technology company with deep shipping expertise, which provides with digital solutions the international maritime industry. We combine a wealth of data with advanced technologies such as Artificial Intelligence and Big Data, to develop off-the-shelf and tailor-made digital solutions that meet the industry’s needs. To learn more, visit: www.vesselbot.com



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THE NEW ERA IN CHARTERING

VesselBot leverages Spire’s satellite data, Big Data and Artificial Intelligence to provide the dry bulk shipping market with a digital platform that optimizes the chartering process.



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CASE STUDY