Bearing AI adds EU ETS tool

Maritime artificial intelligence firm Bearing AI has announced an update to its Fleet Deployment Optimizer (FDO) system to assist shipping companies in managing compliance with European Union Emissions Trading System (EU ETS) regulations.

The company has added a new EUA forecast and simulation capability to its software, providing a projection of specific vessels’ EU ETS obligations when uploading a ship’s schedule to the FDO platform.

This updated feature can provide an upfront estimate of the EUAs of a single voyage or the deployment plan for the rest of the year before a vessel has left the dock, the company says.

The software also supports the simulation of alternative deployments and vessel distributions to identify the most economically advantageous and eco-friendly schedules. Real-time EUA projections are displayed alongside voyage information, such as emissions predictions and the vessel’s projected Carbon Intensity Indicator (CII) rating.

“In our commitment to propel the maritime industry towards a more sustainable and economically viable future, the updated FDO platform stands as a testament to Bearing AI’s innovative spirit,” said Dylan Keil, Co-Founder and CEO of Bearing AI.

“Navigating the complexities of EU ETS compliance is no small feat, and with this upgrade we aim not just to simplify compliance but to empower our clients to make strategic decisions that benefit both their bottom line and the planet.”

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Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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