The first half of 2022 has seen the race to reduce carbon finally enter an urgent new phase within maritime. While the IMO unveiled at MEPC 78 its plan to create an Emissions Control Area (ECA) in the Mediterranean, the Parliament of the European Union voted in favor of extending its carbon market (ETS) to maritime and road transport. Milestones like these represent a new reality facing shipowners and owners: optimizing every trip is now crucial, both economically and for the good of the planet.
As new regulations come into effect over the next 12 months – the CII and EEXI, in particular – compliance will force change as much as new issues on the ESG table, which will ensure that all opportunities emission reduction and decarbonization methods are used. That said, barriers to the widespread adoption of these available solutions continue to set back the progress that shipping can and must make to meet the 2030-2050 environmental goals.
Historically, progress in decarbonizing shipping has been hampered by the split-incentive issue, which stems from antiquated charter-party agreements that prioritized rapid arrival above all else. While readily available cost and performance efficiencies are offered by solutions such as AI-based solutions, this dynamic distributes the responsibility for fuel costs between shipowners, operators and charterers, resulting in the absence of a clear value proposition in which to invest. eco-efficient technologies.
However, with rising fuel costs and alternative fuels still in their infancy, the need to supercharge fuel optimization to meet new thrust and pull demands continues to add pressure on all players. Finally, stakeholders are beginning to recognize the important role of Performance Routing.
Accelerate progress with AI
Traditional weather routing is a well-known concept and has been used in shipping for years to optimize trips by analyzing existing weather forecasts and plotting the safest way to get from point A to point B. With the rise of AI, however, shipping sees this age-old field revolutionized to such a degree that it should be classed as an entirely different solution, quickly rendering the original iteration obsolete. At DeepSea Technologies, we call this Performance Routing.
Taking traditional weather routing approaches to a new level, AI adds layers of data-driven precision to weather routing capabilities, opening doors to a host of previously impossible applications. These new apps allow shipping companies to truly understand vessel performance and optimize voyages for the first time, taking into account not only weather conditions, but also an individual vessel’s DNA.
Transforming technology from a simple safety asset into a transformative decarbonization tool, Performance Routing enables increased fuel savings, additional performance and efficiency gains, and enables just-in-time (JIT) arrivals for a increased impact on the entire shipping value chain.
Additionally, technology is bringing the industry one step closer to solving one of its most persistent challenges: unpredictability. AI now powers systems that adapt in real time to changing circumstances, enabling the right actions to be taken when unpredictable weather inevitably occurs. It turns the unpredictable into something ships and captains can manage intelligently, in real time, and delivers a revolutionary new level of control in an age where every decision can mean the difference between success or failure.