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Cost Reduction Tool News

30 Oct 2014

Aquarius MAS with Marine Solar Power Installed on Delos

Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'. The Aquarius MAS has been installed as part of a joint renewable energy project with Blue Star Ferries and the approximately 2kW trial solar array on-board the vessel is now in operation and providing a source of renewable energy for the ship. This important milestone for EMP means that the company has taken the Aquarius MAS from development to commercial use in just a few years and is also a critical step towards the commercial release of the combined wind & solar power system for shipping - the Aquarius MRE (Marine Renewable Energy) System.

21 Feb 2013

INTTRA Study: Shippers Cutting Costs through e-Invoicing

INTTRA released findings of a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers. Four years of economic volatility have intensified pressure on carriers and shippers to seek new ways to reduce costs and have seen no relief on pressure to increase service levels. One cost reduction method that has demonstrated results across government and commercial sectors is electronic invoicing (e-Invoicing). Once referred to simply as a “best practice,” e-Invoicing is emerging as a cost reduction tool for companies in or those impacted by the struggling ocean shipping industry. 81% of respondents want to receive invoices electronically in 2013.

21 Feb 2013

Ocean Shippers Turning to e-Invoicing

INTTRA release study findings that show 81% of surveyed ocean shippers look to cut costs through e-Invoicing in 2013. The findings were based on a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers. Four years of economic volatility have intensified pressure on carriers and shippers to seek new ways to reduce costs and have seen no relief on pressure to increase service levels. One cost reduction method that has demonstrated results across government and commercial sectors is electronic invoicing (e-Invoicing). Once referred to simply as a “best practice,” e-Invoicing is emerging as a critical cost reduction tool for companies in or those impacted by the struggling ocean shipping industry.