Artificial Intelligence to Improve the Shipping Industry’s Efficiency

12 Feb 2021

 

Efforts are progressing to harness emerging technologies to improve the efficiency of shipping operations. Japan’s Mitsui O.S.K. Lines announced that it is expanding its efforts with artificial intelligence to achieve greater efficiency with routing which will also contribute to lower emissions from their ships.

 

Building on a partnership that began in 2019, MOL is working with Bearing, a Silicon Valley-based AI technology startup, to improve efficiencies within the maritime industry. Together the two companies are developing a range of products that combine MOL's maritime expertise and Bearing's AI technology infrastructure.

 

Bearing, according to MOL, is building technologies using highly-accurate ship performance models built off of a diverse set of real-world data points. These AI-powered models with some historical voyage data for certain vessels such as vessel speed, trim, main engine operation, weather, and sea condition allow Bearing to predict metrics like fuel consumption with state-of-the-art accuracy even without vessels' design parameters.

 

Through various trials and intensive discussions concerning ship modeling, MOL announced that it has developed an AI-powered Smart Routing Engine. This application automatically analyzes multiple potential routes for a given voyage and recommends prudent, efficient routing through the use of optimal main engine output and propeller RPM profiles.

 

MOL says that it continuously monitors the condition of its fleet to ensure optimum operational efficiency which is being further aided by combining the technologies of Bearing as well as other existing and new solutions. Through the addition of AI technology to the existing voyage routing systems, MOL expects that it will be able to further enhance the operations of its fleet which currently numbers approximately 800 ships in operation.

 

MOL says that it understands the transformative potential of AI and looks forward to leveraging Bearing’s AI expertise and background in building scalable AI technology products to further advance operating efficiencies.

BY THE MARITIME EXECUTIVE 02-10-2021 05:39:48

 

Comments (0)


Today
8:03am
Hi Jenna! I made a new design, and i wanted to show it to you.
8:03am
It's quite clean and it's inspired from Bulkit.
8:12am
Oh really??! I want to see that.
8:13am
FYI it was done in less than a day.
8:17am
Great to hear it. Just send me the PSD files so i can have a look at it.
8:18am
And if you have a prototype, you can also send me the link to it.

Monday
4:55pm
Hey Jenna, what's up?
4:56pm
Iam coming to LA tomorrow. Interested in having lunch?
5:21pm
Hey mate, it's been a while. Sure I would love to.
5:27pm
Ok. Let's say i pick you up at 12:30 at work, works?
5:43pm
Yup, that works great.
5:44pm
And yeah, don't forget to bring some of my favourite cheese cake.
5:27pm
No worries

Today
2:01pm
Hello Jenna, did you read my proposal?
2:01pm
Didn't hear from you since i sent it.
2:02pm
Hello Milly, Iam really sorry, Iam so busy recently, but i had the time to read it.
2:04pm
And what did you think about it?
2:05pm
Actually it's quite good, there might be some small changes but overall it's great.
2:07pm
I think that i can give it to my boss at this stage.
2:09pm
Crossing fingers then

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