Tag: Artificial Intelligence

According to UNCTAD's Review of Maritime Transport, automation can play a significant role in increasing ports' efficiency and productivity. In the same time, it can also reduce operational costs. Namely, container terminal automation is still at relatively early stages as 97% of the world container port terminals are not automated.

Maersk Growth, Maersk's launchpad, invested in the digital freight broker Loadsmart, as it sees believes that integrations between ocean shipping and over-the-road services can create incredible synergies. Loadsmart uses artificial intelligence to automate the truckload booking flow in the US.

As part of its efforts to upgrade cost competitiveness of the domestic shipbuilding industry, the South Korean government revealed plans to develop smart shipyards equipped with artificial intelligence (AI) technology, through the Korean Smart Shipyard (K-Yard) project.

Artificial Intelligence is considered as a megatrend and one of the things that the world will talk about for the next 20 years. The remaining trends that will prevail in the next five years are: automation, augmented analytics, digital twin, empowered edge, immersive experience and blochchain

Shell broadened its work with Microsoft. Namely, it selected C3 IoT with Microsoft Azure as its artificial intelligence platform to enable digital transformation. Shell will replicate AI and machine learning applications across its upstream and downstream businesses.

The UK Department for Transport’s Science Advisory Council met in October 2017 to discuss Artificial Intelligence in transport as this technology has the potential to transform the transport sector. The Council reflected that DfT should consider its role in regulating transport AI and data.

Stena Line announced that it will conduct a pilot study in which artificial intelligence will be implemented on board. The new AI technology will be added onboard 'Stena Scandinavica'. The model will present the most fuel efficient way of operating a vessel on a particular route.

MOL has concluded a technology consulting agreement with Professor Tomoharu Nagao of the Yokohama National University Graduate School of Environment and Information Sciences, who is the creator of the next-generation AI advanced machine learning and the percolative learning method.

As artificial intelligence emerges in a growing number of industries, the need to ensure safe use of AI has become a priority. DNV GL launched a position paper to advise on responsible use of AI, asserting that data-driven models alone may not be sufficient to ensure safety.

This year's SMM, the international maritime trade fair to take place on 4-7 September with 2,289 exhibitors from 69 countries in Hamburg, will focus on "Trends in SMMart Shipping”, in line with the numerous digital solutions rising in the maritime sector.