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Signal Maritime increases pool flexibility with Position Value concept 14 July 2023 Tanker pool manager Signal Maritime has introduced a new monthly "Position Value" concept to enable tanker owners to capitalize directly from the geographic position of their vessels on entering or exiting its pools. The Position Value determines the potential earnings of a vessel based on its geographic position considering market conditions, historical data, and every trading option. "At any given moment a vessel's opening position holds an earning potential," explains Signal Maritime Services CEO Panos Dimitracopoulos. "We've developed a price tag for all geographic trading areas which allows us to price spot and time charters in a way which factors the vessel's earning potential on pool entry or exit." He added: "In a highly volatile market owners have many options and it's important that our flexible pool model gives our partners the opportunity to time their moves as profitably as possible without harming the other pool partners or themselves. Ultimately Position Value is a zero-sum game which supports the sophisticated triangulation and trading strategies needed to run a successful tanker operation." The model analyses the historical voyages of a given vessel class to understand the market structure, including flows and their frequency. It utilises data for port and canal expenses, current market rates, average fuel consumption and bunker prices to calculate the Time Charter Equivalent (TCE) for each potential voyage. Next, the model identifies the most profitable sequence of voyages for any location worldwide, given the current market conditions and most common flows. This analysis derives the Position Value of each area, representing its earnings potential. The algorithm derived values are checked by the Signal Maritime team, shared with partners and then applied. Signal Maritime also offers its partners a free seat at its London, Singapore or Athens based chartering desks to allow them to gain a full understanding of the way in which values are derived and used. A more detailed article explaining the concept of Position Values can be viewed here. Signal Maritime runs MR and Aframax tanker pools and also provides a digital commercial shipping services programme. This service allows other third parties to build and run their own pools using Signal technology and commercial support. Issued by Navigate PR on behalf of The Signal Group. About Signal Group The Signal Group's vision is to make global shipping more efficient, effective and profitable through the application of technology and market experience. Our passion for applied science and technology and understanding of the complex shipping business continues to open up new opportunities. We achieve success through collaboration, research and investment. In just a few years we have built a huge maritime tech ecosystem by combining cutting-edge data science with deep shipping market experience. The engine which drives our Signal Ocean Platform applies artificial intelligence and algorithms to clients' unstructured data. It provides them with a customised and personalised view of the tanker, dry bulk and container markets. We help shipbrokers, owners and charterers achieve extraordinary performance by taking care of the mundane and computationally complex. This data-led approach powers our commercial tanker pools, Signal Maritime, enabling our chartering team to outperform its peers. At the same time, we are investing in the future by supporting early-stage technology startups and entrepreneurs in the shipping, logistics and commodities space through Signal Ventures. Our diverse and fast-growing team of product engineers, computer scientists, and commercial shipping professionals is based in Athens, London and Singapore. Signal Group - press release 
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