How to Benchmark Performance with SoF Insights
SoFs host valuable information around port congestion, ship readiness, and operational efficiency. And across the complexities of maritime supply chains, gaining clear, actionable insights from Statement of Facts (SoFs) can be a game-changer for charterers looking to cut costs. When analyzed in the aggregate, SoF events provide insight into the operational performance of different ports […]
The Role of a Voyage Management System in Commodity Shipping
Maritime supply chains have complicated processes, involving a network of shipping companies, cargo handling facilities, ports, and customs & regulatory agencies. That’s why many commodity traders and manufacturers use a Voyage Management System, or VMS: An application that handles the operational and financial aspects of chartering a vessel. A Voyage Management System (VMS) is a platform […]
How to Measure Total Claim Processing Time
By Matthew Costello, CEO at Voyager Portal This series of posts focus on the key basic metrics that the maritime C Suite, Finance and Business Leaders should be tracking. They act as a representation of the health of your operation, and how efficient is your team. As a Business Leader, VP, or C-suite, tracking and […]
Claims Processing Capacity per Month
By Matthew Costello, CEO at Voyager Portal In today’s fast-paced shipping and logistics industry, the efficiency of demurrage claim processing not only reflects the operational effectiveness of a team but also significantly impacts the financial health of the organization. This post explains how to measure the total number of claims processed per demurrage analyst each […]
Negotiated Savings in Demurrage Invoices
By Matthew Costello, CEO at Voyager Portal This series of posts focus on the basic key performance (KPI) metrics that maritime C-Suite, finance, and business leaders should be tracking to measure operational effectiveness, identify areas for improvement, and optimize overall shipping and logistical performance, ensuring competitive advantage and operational efficiency. KPIs represent the health of […]
Understanding Financial Efficiency with Net Demurrage Exposure
By Matthew Costello, CEO at Voyager Portal When transporting bulk commodities by sea, demurrage costs can exceed 25% of the total shipping costs. For the largest commodity producers and traders it’s not unusual for annual demurrage bills to exceed $500m USD in a single year. For small traders and producers, demurrage costs can quickly destroy […]
Voyager Product Recap: Breaking Down One Year of Platform Updates
2023 was a complex year for the maritime industry, marked by global upheavals and the urgent need for sustainability and technological adaptation: the effects of the war on Ukraine, and conflicts in the Middle East and Red Sea are rippling throughout the maritime supply chain, disrupting established global shipping routes and trade networks. Besides, climate-related […]
Charterer’s Outlook: Key Trends Shaping the Maritime Industry for 2024 Onwards
2023 was a challenging year for the maritime industry, as the outbreak of the war on Ukraine and conflicts in the Middle East echoed throughout the shipping supply chain, disrupting established shipping routes and altering trade networks around the world. Meanwhile, climate-related issues, such as severe weather conditions and rising sea levels posed serious threats […]
The Red Sea Turmoil and its Impact on Charterers
The Red Sea has recently seen significant geopolitical issues, primarily due to increased tensions and maritime security challenges. In the last few months, the situation has been marked by increased attacks, primarily by Houthi rebels in Yemen, on civilian shipping and maritime trade routes. The Houthis, backed by Iran, have used a variety of means […]
Best Practices for Demurrage Management: Experts Insight
