News travels fast, artificial intelligence (AI) powered news moves at light speed, and with the latest iteration of AI DeepSeek in focus in the last week, it is fitting that supply chains are aware of how this tech will transform the logistics sector.
An AI-driven revolution in many trade areas is on the horizon, promising to reshape global commerce. From intelligence and negotiations to streamlining compliance and customs processes, AI offers opportunities for increased efficiency, reduced...
You’re a logistics manager. Fuel costs are skyrocketing, drivers are hard to find, and regulations keep changing. How do you keep your fleet efficient and profitable?
The American Transportation Research Institute reported a 6.6% increase in truck operating costs for 2023. This rise coincides with a significant financial burden: deadhead mileage reached an average of 16.3% for non-tank operations. Additionally, five in every 100 drivers quit. These combined pressures, coupled with low freight...
The first stage of the project is to develop a tool which can optimise route planning for carbon efficiency.
This route planner is therefore a key piece in the puzzle in helping BAS achieve its aim of being net zero by 2040.
Integration with onboard systems on the SDA began in November of this year.
With the help of artificial intelligence (AI), British Antarctic Survey (BAS) researchers have developed a new route planning tool that will make ships sailing in polar...
eYARD, an Artificial Intelligence (AI) solution for container terminal operators, has raised €800,000 (US$970,000) in a new round of financing, which has been led by Madrid-based Mundi Ventures VC, with the participation of German Next Logistics Accelerator (NLA) and two maritime groups with a global presence.
The latest round of financing will focus on key hires, facilitating customer integrations and company growth.
“With the new funding from Mundi Ventures, eYARD is well-positioned to...
Royal Arctic Line saves fuel with intelligent IoT technology
At the end of 2019, RAL installed the patented and class-approved on-top system for intelligent engine management, Frugal Propulsion, onboard the container vessel Malik Arctica. The result is a significant improvement in the ship’s performance, and RAL now intend to install the Frugal-system on more ships in the fleet.
An investment in Frugal Propulsion on the container ship Malik Arctica has generated such good results that Royal Arctic Line intend to install the system on more ships in the fleet.
With a new patented and class-approved on-top system for intelligent engine management, Frugal Technologies has an attractive offer for the shipping industry: achieve a guaranteed 10% reduction in the ship’s fuel consumption with a payback period less than 18 months.
The solution, Frugal Propulsion, has so far been installed and tested on four cargo ships at different shipping companies, and the results are compelling. The average saving in fuel consumption after a run-in period is 10-15%, which for many feeder ships, ro/ro vessels, chemical tankers and ferries will correspond to 2-4 tonnes of fuel per day.
Malik Arctica: An attractive business case
Anders Bay Larsen, Senior Director of Fleet Management at Royal Arctic Line, describes Frugal Propulsion as an extremely interesting technology because it reduces CO2 emissions and ensures real financial savings within a relatively short time frame.
At the end of 2019, Royal Arctic Line installed Frugal Propulsion onboard the three-year-old ice class container vessel Malik Arctica, and they have seen a significant improvement in the ship’s performance on the long voyages between Denmark and Greenland.
“We have a payback period of 10-12 months, which makes Malik Arctica an attractive business case. At the same time, we are reducing the ship’s CO2 footprint and supporting our ambition to protect the fragile climate in the Arctic. Therefore, we have indicated that we are ready to enter into a dialogue about a Frugal solution for another of our cargo ships,” says Anders Bay Larsen.
Frugal Propulsion was installed within a few days while Malik Arctica was in port. Variable frequency drives was subsequently installed during docking, and allows the ship to sail with variable revolutions on the main engine, thereby achieving a further reduction in fuel consumption.
From static optimisation to artificial intelligence and Big Data
Frugal Propulsion is an intelligent learning-control system that integrates with the ship’s existing propulsion control system (PCS). Using sensors, Big Data and advanced algorithms, the system ensures that the machine is constantly optimised for the draught, load, waves and wind.
According to Peter Hauschildt, Naval Architect and CEO of Frugal Technologies, interest in Frugal Propulsion is growing because fuel is by far the largest ongoing expense on cargo ships. He sees the successful collaboration with Royal Arctic Line as a big step towards a breakthrough for the Danish company.
“Ships transport the vast majority of the world’s trade, so there is enormous potential in making them more efficient – both in terms of finances and the climate. With Frugal Propulsion, we add artificial intelligence and Big Data to the control of the engine and propeller, while ordinary control only involves static factory settings. It offers some unprecedented opportunities to optimise fuel consumption,” says Peter Hauschildt.
Frugal Propulsion hits the market at a time when efficiency is in great demand as the shipping industry strives to achieve its goal of a 70% CO2 reduction per shipped tonne by 2050. A report by The International Maritime Organization (IMO) published in August 2020 shows that the shipping industry’s total greenhouse gas emissions increased by 9.6% from 2012 to 2018. One of the reasons is that the industry’s improvements in carbon intensity have not been sufficient to keep up with the growth in world trade. Frugal Propulsion therefore offers itself as a technology that can immediately help to push development in the right direction.
Shipping’s main challenge is to use the massive introduction of the digital tools, caused by the Covid-19 pandemic, to accelerate the development of safety solutions.
Digitalisation has probably become one of the most frequently used words in the container shipping lexicon. It includes all the new technologies that aim to increase the efficiency of the shipping processes.
Expedock, a start-up software company, has introduced new freight document processing solution for freight forwarding companies. In particular, Expedock offers the possibility to freight forwarders to reduce the time they need for documentation processing, making the process 20 times faster using artificial intelligence (AI).
King Alandy Dy, chief executive officer of Expedock, said that introducing AI into the documentation process, it is eliminating shipment delays and errors in freight...
MOL announced the joint development, along with SenseTime Japan, of a new vessel image recognition and recording system, and the system’s installation for demonstration testing aboard the cruise ship “Nippon Maru” operated by Mitsui O.S.K. Passenger Line, Ltd. The system’s graphic recognition engine was developed by incorporating MOL’s knowledge and applying artificial intelligence (AI) deep learning technology, allowing it to recognize surrounding vessels. The system recognizes and...