METIS introduces new CPA monitoring module
(Posted on 12/11/20)
METIS Cyberspace Technology S.A. has launched a new software module to tackle the huge challenges shipping companies face in monitoring vessel performance effectively to meet Charter Party Agreement (CPA) reporting needs. The new module, announced today, addresses the challenge with functionality that will greatly enhance the productivity of both operations and chartering departments.
The new module allows operators to monitor and track their vessel's CPA performance at a glance through the online METIS platform using a set of visually rich dashboards. Once all CPA terms are imported into the system the user can monitor all vessels concerned and identify potential deviations to specified consumption and speed terms. In addition, the system provides automated notifications in case the speed consumption curve exceeds certain predefined limits.
“Monitoring performance to match CPA expectations is one of the biggest challenges a vessel owner can face,” says Mike Konstantinidis, CEO, METIS Cyberspace Technology. “The CPA module means the right information is always available during the voyage to take corrective actions and at the end of every voyage for performance evaluation and to address any potential claims.”
Konstantinidis adds that the analysis used is based solely on data collected automatically through METIS Ship Connect, the data acquisition system developed by METIS whose accuracy is approved by Lloyds Register. “The analysis involves the utilization of weather data, vessel manoeuvring states and all other remarks included in the CPA, to provide a holistic view of the vessel’s compliance,” he adds.
METIS Cyberspace Technology specializes in Data Acquisition, Real-time Performance Monitoring and Intelligent Analytics for the Maritime Industry, based on advanced Machine Learning and Artificial Intelligence techniques. Based in Athens, the core of METIS is its team of skilled engineers and researchers whose innovative thinking, maritime business know-how and expertise in high-end technologies are empowering shipping’s digital transformation. Established in 2016, METIS is majority-owned by maritime-focused environmental engineering group ERMA FIRST.
Latest News
LR and Marshall Islands certify Helm CONNECT electronic record books
(Posted on 14/11/25)Helm Operations has announced that nine electronic record books within Helm CONNECT Logbook have been... Read more
Sailors’ Society launches increased support for Chinese seafarers
(Posted on 13/11/25)International maritime welfare charity Sailors’ Society has announced a significant expansion... Read more
NORDEN signs two-year contract with US wood pellet producer
(Posted on 10/11/25)NORDEN has signed a two-year Contract of Affreightment (COA) with Enviva to transport a significant... Read more
Algoma reports strong core results and continued fleet growth
(Posted on 10/11/25)Algoma Central Corporation has reported its results for the three and nine months ended 30 September... Read more
Damen unveils Combi Freighter 5000 ICE
(Posted on 10/11/25)Damen Shipyards Group has unveiled the latest platform in its successful cargo vessels portfolio. The... Read more
Wallem Group reaches a century in Hong Kong
(Posted on 04/11/25)Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters... Read more
INTERCARGO celebrates record membership ahead of 45th Anniversary
(Posted on 04/11/25)The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in... Read more
NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025,... Read more
ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'
(Posted on 04/11/25)ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in... Read more
InterManager urges Seafarer participation in Enclosed-Space Safety Survey
(Posted on 27/10/25)Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more
