Maritime data analytics company Windward has launched a new Data for Decarbonization Program (D4D), aiming to increase transparency in vessel operations through the application of big data and AI, in collaboration with partners including ADNOC Logistics & Services, ASM Maritime, Executive Ship Management (ESM), SOKANA Shipping, and Interunity.
The programme aims to create large datasets gathered from all stakeholders in the maritime industry to build AI models that will predict the carbon emissions of any vessel voyage, and support the optimisation of the whole pre-fixture process – including vessel selection, contract clauses, and supply chain scheduling.
The system will support shipowners in cutting fuel costs by optimising vessel operations and allowing them to compare their fleet to others, while charterers will be able to optimise pre-fixture vessel selection by choosing the optimal performing vessel.
Freight forwarders and beneficial cargo owners will also be able to measure carbon shipping performance for every container, accounting for the particular vessel and projected route of every shipment to potentially offer end customers a ‘green premium’ option of low carbon shipping.
Trade financiers will additionally be able to independently verify the environmental impact of financing decisions using the service.
“The answer to reducing carbon emissions lies in the ‘Power of Many’. Regulation is necessary, but the solution needs to come from within to ensure that the global supply chain continues to function and garners the trust of the general public,” said Ami Daniel, CEO and Co-Founder of Windward.
“The maritime shipping industry is headed to decarbonisation. Those that invest in sharing data and insights now will benefit from the advantages of an accurate model trained specifically for the industry’s unique operations.”
“Together we can realise a solution that will allow all stakeholders to analyse, predict, and price their carbon footprint, improve their bottom line, and accomplish a carbon-free future.”