The Logbook
Welcome to Veson Nautical’s maritime shipping blog, The Logbook.
A logbook is a record of important events in the management, operation, and navigation of a ship. It is essential to traditional navigation, and must be filled in on a regular basis. Veson’s Logbook is the centralized record where our team of experts provide key insights on industry, technology, innovation, and more.
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Feb 26, 2020
Rooted in globalization, the maritime industry has been facilitating the exchange of goods and services for centuries. This sharing of resources requires a great deal of communication and collaboration across supply chains despite boundaries such as language, culture, geography, government, etc. However, as markets open, stakeholders multiply, omnichannel models proliferate,...
Feb 19, 2020
In recent years, the maritime industry has rallied behind digital technology. As more and more industry participants recognize the commercial benefits that come from digitalization, the maritime space is increasingly adopting corporate strategies to better reap those benefits. As this continues, organizations that do not harness the momentum of technological...
Feb 12, 2020
As technology advances and industry dynamics evolve, more and more maritime businesses are focusing their time, energy, and resources on digitalization—or is it digitization? These terms are frequently used interchangeably in articles, publications, and conversation, making the differences between them difficult to decipher. And yet, they are not synonymous. Gartner...
Feb 4, 2020
It’s no secret that cloud computing has become a way of life for enterprises across sectors. Industries like banking and biotech have been moving core enterprise functions to the cloud for well over a decade. In the maritime space, however, the move to the cloud has been characteristically cautious; as...
Jan 29, 2020
First of all, what is UI? User Interface (UI) design is the process of making interfaces in software that users will find highly usable, efficient, and intuitive. This is central to how we interact with technology on a daily basis, which is why SaaS companies care so much about it....
Jan 22, 2020
In the maritime world, demurrage is almost universally experienced. For the charterer, the cost of demurrage is financial. For the ship owner, however, the financial cost of demurrage is recouped, but its delays can have a lasting downstream impact. Demurrage rates are built into every freight contract, and typically focus...
Jan 15, 2020
Every day, traders and risk managers are faced with massive quantities of commercial and operational information. Markets are moving, traders are negotiating deals, and operators are running voyages, all at the same time. The sheer volume of data can be overwhelming. In order to properly manage your risk and market...
Jan 8, 2020
Digital tools are revolutionizing nearly every major industry in the world, including the maritime industry. As demand and processing power continues to soar, advanced technologies are becoming cheaper and therefore more ubiquitous, fueling ever-increasing data points and connection capabilities. Properly leveraged, this information presents tremendous opportunity for innovation that translates...
Jan 2, 2020
The Veson IMOS Platform (VIP), Veson Nautical’s end-to-end software platform for commercial marine freight and fleet management, is constantly evolving. With an average of 500 new features added to VIP every year, our clients are empowered with the tools they need to do their jobs efficiently and make data-driven decisions....
Dec 18, 2019
As we reflect on 2019, our thoughts turn gratefully to those who have made our progress possible. To our clients, partners, and friends around the world, thank you for another incredible year. Your partnership inspires us to constantly innovate for a better future of shipping. The Veson team put together...
Dec 6, 2019
“How is technology transforming the maritime industry?” When asked this question, the team of innovative leaders at Eagle Bulk Shipping reported that technology enables stronger connectivity, collaboration, and efficiency; which together propel sustainable growth and competitive advantage for maritime business. Eagle Bulk has witnessed the effects of digital transformation on...
Dec 6, 2019
The IMO 2020 bunker regulation is designed to reduce GHG (Green House Gas) emissions from commercial shipping lines, which account for nearly 90% of sulphur oxide and dioxide emissions internationally. The regulation reduces the sulphur cap for maritime fuel from 3.5% to 0.5%, effective January 1, 2020. With full compliance,...
Dec 6, 2019
As the shipping industry continues its digital transformation, industry innovators are leaning into technology tools that streamline workflows through connectivity and data automation. Taking advantage of technology’s power to drive efficiency and profitability is Norvic Shipping, a rapidly growing international dry bulk operator. In 2014, Norvic Shipping operated 77 annual...
Dec 6, 2019
Are you still managing voyage financials out of spreadsheets? Imagine the manual effort you could eliminate and the errors you could prevent if your voyage accounting data and processes were directly integrated with the chartering and operations workflows of your commercial marine business. As a financial professional, you know all...
Dec 6, 2019
Efficient, effective voyage management is the core function of any maritime Operations department, driving the practical and financial performance of individual voyages and entire fleets. The ramifications of one wrong decision echo throughout the rest of the deal chain. As the freight market continues to evolve, commercial maritime operators must make...
Dec 6, 2019
Quickly and accurately calculating freight is the core function within any Chartering department and forms the basis for the practical and financial performance of a given voyage. The ramifications of one wrong decision – one missed opportunity – ripples throughout the rest of the deal chain. As the shipping industry...
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