News Article 09/11/2009

Ulysses claims success in cutting costs (source: Tanker Operator)
Hellenic Shipping News Worldwide- Daily Newsletter, November 07, 2009

Thus far this year, Ulysses Systems has added tanker and gas specialists Ceres LNG Management, Minerva Maritime and Omega Management among others to its customer base.

This expansion of its client database has coincided with a hike in crew wages of around 24%, nearly double that of the year before, the company said.

According to UK shipping accountants - Moore Stephens - these wage rises have pushed operating costs up by 16%. This and the fact that major shipowners and shipmanagers show little tolerance for money spent on productivity tools that do not work, suggested that the company''s Task Assistant software proves that it saves costs, the company claimed.

Ulysses gave an example of planned maintenance and purchasing, which costs about $4,000 per year per vessel for license, maintenance and data population. This is about $11 per day per ship, which is almost equal to 11 minutes of a chief engineer's, or a master's working hours.

Presuming that around four senior officers on board and one ashore work with the system exchanging about 25 transactions per day, it is more than likely that 25 transactions executed efficiently will save a lot more than 11 minutes shared among five senior roles, Ulysses calculated.

Good decisions are associated with early action, good people management, risk awareness, problem-solving etc, and depend on retrieving useful information gleaned from past experiences, corporate know-how, a massive amount of machinery information, co-ordination on board and ashore around fine details, all of which calls for the support of well designed software.

Ulysses claimed that for 12 years, the company has been focusing on providing the right information to the right user at the right time. Complexity is avoided through careful fundamental design while the functionality provided is vast.