Shipping AI company Bearing has agreed a new strategic product partnership with Veson Nautical to synchronise data for voyage analysis and modelling of Carbon Intensity Indicator (CII) ratings.
The two companies will integrate the Veson IMOS Platform (VIP) with Bearing’s CII optimisation and performance analysis systems, allowing mutual clients who subscribe to the integration to securely share relevant voyage data from the Veson software with the Bearing platform, reducing manual data entry and helping to ensure the data used to model a voyage is up to date.
Bearing’s AI platform analyses a range of information about the global shipping fleet, estimating fuel consumption, speed, and other aspects of vessel performance. The company’s CII Optimizer uses its learning models, ECDIS-verified routing engine and a historical weather database to forecast CII scores and recommend potential changes, such as vessel speed, fuel type, sailing schedule and underwater cleaning.
By leveraging voyage and supporting reference data directly from IMOS, the CII Optimizer will be able to better predict vessels’ CII ratings, identify potential problems, and offer suggestions to improve performance.
“Optimising a voyage involves several inputs and assumptions. Currently, planning and recording a voyage in a system like VIP provides a user with a number of modelled outcomes from a commercial perspective. When you bring a separate optimisation system into the mix, things can get time-consuming and error-prone,” said Eric Christofferson, Chief Product Officer at Veson Nautical.
“Additionally, upcoming regulations are putting a lot of pressure on the industry to maintain compliance and enhance efficiencies of global supply chains. This integration with Bearing is one of the exciting steps that we are taking to support our clients with the technology they need to navigate these changes.”