The shipping industry struggles to decarbonize due to insufficient accurate data on ship operations under diverse weather and sea conditions.
Hinderance of Insufficient Data
DeepSea Technology chief executive and co-founder Konstantinos Kyriakopoulos says ship operators and owners need more accurate vessel performance data and better analytics techniques to understand operations.
“Vessels are still data black spots and the vast majority of commercial ships still communicate with the outside world via one manually entered email per day. The data that comes through in a noon report is barely trustworthy enough to learn how much fuel is on board a ship – let alone to diagnose the precise tweaks required to optimize its emissions.” Mr. Kyriakopoulos explains.
Lack of Information:
“Because we do not have enough data on the vessels themselves, we have not adopted the technology to turn this data into insights,” he says.
Sustainability goals
“If we ask the commercial or operations manager of any shipping company how efficient their vessels are operated on a day-to-day basis, they would not know. How could they?“ There is only one pathway to gaining this knowledge and using it to achieve business and climate goals. That is by getting real, live data from our ships and using advanced analysis techniques to uncover its secrets.” says Mr. Kyriakopoulos.
Information Gap
Mr. Kyriakopoulos explains the following,
- “A performance clause should be at the very heart of the commercial transaction – theoretically attempting to add some guarantees around services rendered,”
- “In shipping, we usually conclude something like ‘roughly X knots at X consumption in good weather’ and sign off. What we expect of vessels is so imprecise, so low definition. Because we do not know enough about how they behave to make any sort of solid prediction.”
- “Charterparties are becoming a blocker to decarbonization,”
- “The lack of predictability also leads to port congestion, avoidable accidents, and a broken market where more efficient vessels do not command greater prices.”
Technical and practical solutions
“Shipping is a highly commercial animal – and operators only survive the rigors of the shipping cycle by being immensely savvy about where their cash is coming from and going to,” says Mr Kyriakopoulos.
“If technology can be proven beyond doubt to either of these numbers in the right direction, it will succeed. What AI gives us is the all-important missing ingredient: vessel predictability.”
AI – The Game-Changer
Shipowners and operators need information on ship performance and fuel consumption in all weather and sea states.
“We need more data and more understanding,” says Mr Kyriakopoulos. “We need models of vessels, markets, supply chains, ports, and how they all interact. Cutting waste and boosting visibility is a win-win. It is better for the environment, better for the operator, and better for the client.”
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Source: Riviera
