Nautilus Secures $11M in 'AI' Funding
Nautilus, the company building artificial intelligence for the maritime shipping industry, has announced $11M in Series A funding led by M12, Microsoft’s venture fund, along with Root Ventures. Existing and new investors including Quiet Capital, Trail Mix, and Amplifier Lab participated in the round, which brings Nautilus’ total funding raised to $14.5M.Nautilus was founded in 2016 to advance the efficiency of maritime shipping and build a more sustainable future for ocean commerce. Responsible for 90% of the world’s trade, ocean shipping consumes more than $100 billion in fuel every year.
Fujitsu, MPA to Curb Ship Collisions
Japanese multinational information technology equipment and services company Fujitsu Ltd and Maritime and Port Authority of Singapore (MPA) are testing technology that could give ship captains earlier warnings about potential collisions with other vessels.A two-year field trial of the system has concluded, and further tests will be conducted before authorities decide whether to deploy the system, said a press release.Fujitsu has demonstrated the usefulness of a novel ship collision…
Tech: Stena Debuts Chatbot "Stina"
Stena Line is in the process of launching the smartest chatbot -- "Stina" -- into the ferry market. The tech, which relies on IBM Watson as the technicla platform, is designed to make the customer experience better by providing assistance in booking a trip as well as answering questions 24/7. “This is one of many great examples of how we are using artificial intelligence to increase our efficiency and improve the customer experience. With Stina we are taking another step towards becoming the world’s first cognitive ferry company," says Jari Virtanen, Chief Transformation Officer at Stena Line.
Port of Rotterdam Puts IoT Platform Into Operation
A new Internet of Things platform has been developed for the Port of Rotterdam Authority.The first application for hydro/meteo has recently been put into operation. With this application, the Port of Rotterdam is taking safety and efficiency a step further. The system uses an extensive network of sensors to provide accurate and up-to-date water (hydro) and weather (meteo) data particularly for the planning and management of shipping.The construction of the IoT platform was announced a year ago by the collaborating partners IBM…
Port of Rotterdam Activates AI Vessel Platform
Significant efficiency steps can also be taken in the maritime sector regarding big data and artificial intelligence, said Port of Rotterdam.For instance, this technology is enabling the arrival times of vessels in sea and inland ports to be predicted earlier and with increased precision."Computers use the sea of data that we produce these days for self-training. The Port of Rotterdam is also investing in this development with Pronto, an application for standardised data exchange on port calls…
Cargotec Makes Waves in Maritime Startup Program
Cargotec, the Finnish company that makes cargo-handling machinery, has partnered with Rainmaking in September this year to establish a startup collaboration programme called Trade & Transport Impact.The programme connects world leading corporations and innovative startups to address the biggest challenges in maritime, cargo transport and logistics, said a press release.Applications to join can now be made, and Cargotec invites startups worldwide to join with us in the Rainmaking Trade & Transport Impact programme."Maritime logistics is full of inefficiencies throughout the value chain…
SOGET launches EasyBrexit!
France-based Port Community System operator SOGET, in close collaboration with French customs, port authorities, ferry companies and road hauliers, will offer an integrated e-freight corridor based on a digitalized anticipation of information flows related to cross-Channel goods."Cross-channel RO-RO traffic of trucks and its logistics’ fluidity in ports are crucial matters for the competitiveness of the Great-Britain - Europe corridor. With 5 million trucks on the coastal border territory…
Port of Hamburg: Digital Networking Pioneer
Underwater drones, autonomous trucks and paperless customs clearance – the future is already buzzing in the Port of Hamburg.The ‘Digital Networking’ conference run by Port of Hamburg Marketing (HHM) showed how far the port has progressed. “In respect of digitalization, the Port of Hamburg is a worldwide beacon offering many USPs,” emphasized Axel Mattern, HHM’s Joint CEO.Dr. Sebastian Saxe, CDO of Hamburg Port Authority, presented an impressive picture of the digital future in his keynote speech. The port’s rail, road and inland waterway traffic is already digitally guided.
Autonomous Shipping Pushing Full Steam Ahead
Rolls Royce and Intel Artificial Intelligence (AI) announced that they’re bringing advanced intelligence to cargo shipping to deliver on the benefits of an autonomous shipping future.As part of its effort to make commercial shipping safer and more efficient, Rolls-Royce is working to develop fully autonomous shipping solutions using artificial intelligence (AI) powered by Intel Xeon Scalable processors and Intel 3D NAND SSDs for storage.“Delivering these systems is all about processing – moving and storing huge volumes of data – and that is where Intel comes in.
Predictive Analytics Drives Better Crew Travel Management
Managing crew travel is just one area that can cause sleepless nights for shipping industry professionals. As someone who works in this specialist and incredibly dynamic sector, I know first-hand how quickly things can change. Overcoming challenges is just part of the day-to-day.Maritime organizations have a very particular set of needs when it comes to having the right personnel available at the right time. Seafarers’ travel is mission-critical and their working patterns are governed by tight regulations.
Oil And Gas CEO: New Tech Creates Opportunity
Data from KPMG’s 2018 Oil and Gas CEO Outlook, released Oct. 10, reveals that globally, almost all oil and gas CEOs believe new technology creates opportunities. Eighty-five percent are piloting or have already implemented Artificial Intelligence (AI).However, only 59 percent feel their organization is an active disruptor in their own sector, and 57 percent feel that the lead times to achieve significant progress on transformation can be overwhelming"Technology is disrupting the status quo in the oil and gas industry.
Maersk Launches Startup Accelerator
AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.
Shell to Deploy AI Applications
Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation on a global scale.By deploying the C3 IoT Platform globally on Microsoft Azure, Shell expects to realize substantial economic value by rapidly scaling and replicating AI and machine learning applications across its upstream and downstream businesses and by improving operating performance, with an emphasis on health…
Rolls-Royce Health Management Solutions to Harness Power of Data
Rolls-Royce continues to develop its ship intelligence offerings to the market, and now introduces a pioneering new solution for Health Management of ship equipment.The technology is aimed at elevating the way in which customers manage and maintain the equipment and systems onboard their ships.Health Management is designed to provide ship operators with an unsurpassed level of understanding of the operational health and performance of all the machinery installations onboard.Developed by the Ship Intelligence team at Rolls-Royce…
Chinese Hackers Targeted US Firms, Govt after Trade Mission
Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters.Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua University to target U.S. energy and communications companies, and the Alaskan state government, in the weeks before and after Alaska's trade mission to China. Led by Governor Bill Walker…
Norway Expands AI Lab
Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not to lag behind.To strengthen national efforts on artificial intelligence, Telenor, NTNU and SINTEF are inviting Norwegian businesses to partner on the new Norwegian Open AI Lab. Additional partners will include DNB, DNV GL, Equinor, and the Kongsberg Group.While the Norwegian Open AI Lab will develop solutions specific to the partners’ industries, it will also consider opportunities where Norway can take positions internationally.
The Digitalization of Tanker Logistics
The tanker business carefully dips its toes into the digital chartering, analytics and big (data) pond. It is a work in progress.Like every other business, raw materials, refined products and petrochemicals, are undergoing unprecedented waves of digitalization. However, shipping is one linkage, albeit an important one, within the much bigger supply chains for crude oil and products. But cargo is king, raising an important question: Will future efforts to link ship chartering, and ship brokerage…
Imperial Logistics Encourages Digital Collaboration
Imperial Logistics is joining a new industrial initiative as one of its founding members. The consortium is called +D (plusdecentral) and aims to build a cross-company transaction protocol bringing automation and new business models to the Supply Chain.With this new decentralised infrastructure, it will be possible to digitize and automatically manage tasks such as transport contracts, insurance policies, tracking consignments, editing documents, settling damage claims and payment…
Singapore Tops World's Shipping Centre Rankings in 2018
Singapore has emerged as the world's top maritime center for the fourth consecutive time in the Xinhua-Baltic International Shipping Center Development Index. "Singapore remains unmoved at the top of the International Shipping Centre Development (ISCD) Index for the fifth successive year, following a benchmark report published today (10 July 2018) by the Baltic Exchange and Xinhua, China’s news agency," said a press release. The index covers 43 of the world’s largest ports and…
Digital Transformation of Maritime Freight to Reach USD 205bln by 2023
New digitization solutions, such as big data, blockchain, automation, drones, and robotics, are enabling the maritime freight industry to introduce game-changing approaches that will significantly reduce or eliminate non-value-added activities. Over the next five years, maritime suppliers across the value chain will increasingly adopt solutions to address security, overcapacity and accurate cost models, according to new research from ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.
Terminal Industry Committee 4.0 Established
Recognizing the need for the container terminal industry to prepare for the 4th industrial revolution and to further advance digitalization, an open group of 15 global private container terminal operators and some port equipment manufacturers has recently met in Brussels on 30thMay 2018 at FEPORT (The Federation of European Private Port Companies and Terminals) premises to discuss the current challenges for the cargo handling industry. A press release from Port Equipment Manufacturers…
Stena Line Looks to Cut Fuel Consumption Using AI
Stena Line has partnered with Hitachi’s European subsidiary to implement onboard artificial intelligence (AI) technologies engineered to minimize the shipping company’s fuel consumption costs and environmental impact.In recent years, Stena Line has embarked on a number of projects to reduce its environmental footprint, including launching the world's first methanol-powered ferry and connecting its ships to shore power when in port. Between 2013-2016, the company slashed its fuel consumption by 6.5 percent and carbon dioxide emissions by 6.2 percent per nautical mile.Now…
CMA CGM Looks to Leverage Artificial Intelligence
French shipping group CMA CGM said it has been working with a San Francisco-based startup on a project to embed artificial intelligence and advanced digital technologies aboard its containerships.The collaboration kicked off in the beginning of 2018 and includes the maritime focused tech startup Shone, which was founded by three French engineers in 2017 to introduce artificial intelligence such as is already found in cars on board ships.Through the partnership, Shone has gained…
Milaha Turns to Robots, AI for Back Office Work
Qatar-based maritime transport and logistics conglomerate Milaha has become one of the first companies in the Middle East to deploy and integrate Robotic Process Automation (RPA) solutions in its back office operations.The new state-of-the-art system, codenamed “Tam” by Milaha – which means “consider it done” in Qatari dialect – mimics human activities using software robots and artificial intelligence to perform clerical tasks and functions such as entry, processing and transfer of data.Commenting on the deployment of the new system, Milaha’s President and CEO Mr.
Cranes, Heavy Lift Shipping, Engineering and New Technologies
Compared to new technologies, conventional engineering in shipping is a relatively simple science: computable and generally predictable. However, heavy lift shipping presents challenges that go far beyond what is required with standard unitized cargoes. The transportation of project cargoes - often highly valuable components of multi-billion-dollar projects - requires expert planning to ensure they are loaded and transported safely and efficiently. Last year AAL shipped two giant cyclone vessels (22m x 11m x 10m and weighing over 500mt each) to Petronas’ $27 billion RAPID project in Malaysia.
Danish Shipping :Toward a Digital Future
In January and February the Maritime Disruptors Academy premiered when students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy, which runs in the autumn, will be open for participants across the cluster.Many new technologies knocks on the doors of the maritime sector, including Artificial Intelligence, robotics, Internet of Things, blockchain and 3D print, to name a few.