Tried on my last sortie and worked pretty well. I'm able to position myself well ahead of the convoy while keeping a minimum distance.
Plotted with in-game map using a scale of 1000m = 1kts. The target was moving on course 160deg at 6.5kts, with a true bearing of 269deg and a distance of 7200m. I wanted to keep a minimum distance of 5km while moving to a intercept position.