Four ways in which Maritime Industry is investing in AI for performance management

AI, IOT, Business Intelligence, Data Analytics are changing the way shipping operates, and also cutting costs and reducing risk to human lives. Leading shipping companies have deployed AI-assisted technologies to gain greater insight into their ships’ performance, while both established companies and start-ups are finding new ways to push the boundaries of AI.

• Fuel efficiency

Fuel cost and CO2 emissions in operating ships are major challenges for the maritime industry. A large marine transport company spends more than 2.6 billion U.S. dollars on fuel every year.

Vessel fuel optimization systems provide statistical information on various parameters, such as the amount of fuel used by a particular engine or generator while moving at sea or in port. Such type of system also helps to compare the performance of different crews or voyages.

Smart Ship hub Digital Platform can be used to improve the fuel efficiency of vessels by providing greater insight into ship performance. Smart Ship hub Deep Insight has successfully used Artificial Intelligence to predict the most fuel-efficient way to operate a vessel, reducing fuel consumption by 3-5 percent per voyage.  

Smart Ship System algorithm takes into consideration all the reports to such as shop trial, sea trial, noon reports, dry docking status make, and year of the vessel to draw the line of optimum performance.

• Navigation and awareness

Covering 70% of the earth’s surface, our oceans are arguably the biggest single facilitator of trade. However, it’s not just commercial ships that use them; every day there are countless vessels navigating the world’s waterways, from military to cruise liners, container ships to fishing boats, and oil rigs to coastal contours. Their captains and crew contend with a multitude of obstacles, while the number of vessels continues to grow year on year.

It is, therefore, no surprise the risk of the collision remains a challenge, with up to 3,000 such incidents reported annually. The good news is the number of shipping losses continues to fall, with figures for 2017 – 94 in total – the second-lowest in the preceding decade.

Smart Ship Voyage optimization brings in the ability to foresee the voyage route and also monitor the weather condition for the route. Smart Ship brings in the power of AI and algorithms to select the route.   Smart Ship Voyage optimization feature allows the offshore team to keep the track of vessels and the weather conditions that are developing on the route the vessel is traveling, The onboard IoT devices help Smart Ship to learn and understand the different parameters; wind speed direction, swell height direction and current speed direction. Data from sister vessels or vessels from the same fleet is stored and used in predicting the course of action. This allows Captain to choose between the best route calculated to reach the destination or to make a necessary route change during mid-voyage.

Navigation and awareness when backed up by artificial intelligence and algorithms it assists the operators to predict the ETA and monitor Ship Direction.

• Predictive maintenance

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AI also helps support predictive maintenance, enabling the early detection of equipment failures before they happen. Predictive maintenance is “all about the fleet management optimization strategy,” says Rajan Vasudevan, CEO of OceanManager. “It’s about maintaining the weakest link.”

Predictive maintenance based on AI, has become a common requirement for IoT motor control designs because of its ability to enable preemptive corrective actions, reduce maintenance costs, increase asset life, and ensure safety compliance.

pinpoints the root cause of problems in your complex machinery and helps you identify which parts need to be repaired or replaced, at right time. Organizations can save huge costs by moving to part replacement on a need basis than just based on the running hours or date of installing.

Smart Ship provides Remote Condition Monitoring – live tracking of machinery health and navigation (AIS, GPS, Speed log, etc.) with essential parameters like fuel, emissions, key performance parameters for Main Engine, Aux Engine, Cargo Pumps, Scrubber, Boiler, Ballast, Draft, etc. Our Dashboards are configurable and customizable to provide your shore team with live vessel status.

Smart Ship has Condition Monitoring and Advisory for Failure, Maintenance based on an inbuilt strong analytics engine and ML algorithms.

• Remote Management:

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Smart Ship  Remote tracking, monitoring & management of vessel health & condition in addition to managing overall cost control across Fuel, Spares, Maintenance, vetting inspection through remote platform & Predictive diagnostics. Onboard Smart sensors & analytics of live data help in ensuring profitable, safer, reliable & efficient voyage.

Smart Ship Platform has more than 3000 parameters that function together and detect any small change in vessel behavior.

Customer Testimonial:

Smart Ship Hub gives an opportunity that shippers should be looking at very truly. Maritime operations have been extremely enhanced, but there is certainly that “last nautical mile” proficiencies such as vessel precision operations using various geographical data to exactly make ETAs / ETDs, fine-tuning vessel routing, and re-routing, fuel-consumption models that offer “Fuel Savings Guarantees.