BCG Vessel Optimization: Reducing Turnaround Time for a National Oil Company
Identified operationally heavy vessels and modeled turnaround improvements as part of a cost reduction workstream
Isha Agrawal
Senior Associate Consultant at Praxis Global Alliance
From their time as
Summer Associate
Boston Consulting Group (BCG) • 2024 - 2024
Overview
As part of the BCG cost reduction workstream for a national oil company, Isha owned the vessel optimization avenue alongside the renewable energy work.
The Story
As part of the BCG cost reduction workstream for a national oil company, Isha owned the vessel optimization avenue alongside the renewable energy work.
The company operated a fleet of seashore vessels, several of which were generating significant operational delays and cost overruns. Isha's task was to identify which vessels were the primary contributors to inefficiency and model how their turnaround time could be reduced.
She analyzed the fleet to identify the highest-burden vessels, then modeled how reducing their return-on-cargo ratio could improve turnaround time and reduce overall fleet costs. The analysis also examined whether the total number of vessels the company owned could be optimized.
The vessel work fed into the broader cost reduction presentation delivered to the client as part of the workstream.