“Milk Run” Model

 

Shared Service Vessels: “Milk Run” Type Model.

Operation of PSV’s or similar, are inherently uneconomical and underutilised assets due to various factors (Weather/Standby). By utilising a Shared Vessel Services, ANL can plan and co-ordinate each companies’ requirements for offshore delivery in an agreed sequence. With CCU on ground and ready for loading, the PSV can quickly be turned around for a weekly “Milk run” to various offshore assets.

Currently vessels are time chartered to each Company, resulting in vast hours of underutilised idle time and market related day rate fluctuations. ANL proposes providing the vessel solution and sharing the costs between several clients based on an agreed method.

Methods to consider will include:

  • Base Operator – Price per handled ton at ANL Base.
  • Vessel charges
    • ANL to provide fixed Base case for vessel availability.
    • Utilisation:
      • Price per ton
      • Price per Nautical Mile
      • Price per m² – deck space
      • Shared Namport charges apportioned to Client Loads
      • Shared Fuel charges apportioned to Client – location/mileage/utilisation
  • Currently each IOC is chartering its own vessels, so the actual vessel spend is 3x what is indicated for the 1 Large PSV. (Assumed 52000 tons of IN/OUT Cargo)