TMS Awards 2023Sailors SocietyViganBühler GmbHGeneva DryTBA Group
  • Port of Stockton
  • Cimbria
  • TBA Group
  • Port of South Louisiana
  • Van Aalst
  • Bühler GmbH

AI tools key to the 'urgent action' needed to meet IMO climate targets

AI tools key to the 'urgent action' needed to meet IMO climate targets

(Posted on 19/06/24)

Yarden Gross, CEO and Co-founder of maritime technology start-up Orca AI, is championing the rapid, but responsible, deployment of smart, cost-effective digital tools to tackle climate challenges in the shipping industry. Leveraging machine learning and data insights, AI solutions are a vital front line in reducing fuel consumption and emissions.

"AI solutions are crucial for squeezing every last drop of efficiency out of the existing fleet amid increasing pressure to decarbonize," said Gross, responding to the 2024 annual disclosure report released on June 13 by the global transparency initiative Sea Cargo Charter (SCC).

The SCC, representing 20% of global bulk cargo transport, aims to integrate climate considerations into chartering decisions and enhance transparency on emissions. The 2024 report highlights a significant gap between current emissions and the IMO’s net-zero strategy for 2050, with the shipping industry falling short of its climate target by 17% in 2023, equivalent to 165 million metric tonnes of CO2e.

"Currently, dry bulk, general cargo, and tankers account for around 400 million tonnes of CO2 emissions. With global trade predicted to quadruple by 2050, emissions will skyrocket without urgent action," the SCC wrote, stressing the importance of routing optimization and other strategies to improve vessel performance.

"Our own figures estimate that global commercial shipping could cut carbon emissions by 47 million tonnes per year by deploying AI for sea navigation," said Gross. Referring to Orca AI's own computer-vision solution, he says enhancing situational awareness and providing real-time alerts to support early decision-making by crews can significantly reduce the need for sharp manoeuvres and route deviations resulting from close encounters with high-risk marine targets like vessels, buoys and sea mammals.

"Sharp manoeuvres and route deviations markedly increase fuel consumption," Gross said. "And we estimate that reducing them could help ships shave off 38.2 million nautical miles per year off voyages, saving an average of $100,000 in fuel costs per vessel. Additionally, AI digital watchkeeping could reduce close encounters by 33% in open waters."

He highlights data captured for MMSL as an example of what customers might achieve; for one bulk carrier equipped with Orca AI, the ship-owning wing of Japan's Marubeni Corp logged a 67% reduction in close encounters and a 42% increase in average minimum distance in open waters over three consecutive quarters, resulting in an estimated annual fuel saving of $86,000.

Despite AI being in its early stages, Gross is confident in its potentially massive impact on shipping's digital transformation. "With continued transparency and targeted innovation leveraging AI tools, I fully endorse the SCC's optimism that we can navigate a more sustainable future," he concluded.

Headquartered in London, UK, Orca AI is the creator of a first-of-its-kind digital watchkeeper to maximise voyage safety and operational efficiency for ships and fleets.

Powered by maritime purpose-built machine learning and computer vision technologies, the Orca AI platform empowers crew to make data-driven decisions in congested waters and in low visibility conditions. Additionally, it allows fleet managers and operators to have a better understanding of their fleets’ performance and identify unsafe or risky and inefficient behaviours easily.

In 2022, Orca AI empowered the world's first commercial autonomous voyage in partnership with Designing the Future of Full Autonomous Ships (DFFAS) and The Nippon Foundation.

Latest News

Accidents on ships under scrutiny as InterManager submits statistics to IMO

(Posted on 16/07/24)

Accidents onboard ships are not decreasing, according to latest accident statistics submitted to the... Read more

Solutions required for FuelEU Maritime rules compliance, says Columbia

(Posted on 16/07/24)

Solutions must be in place to help ship owners with navigating the complex challenges of complying with... Read more

Boers committed to diversity with relocation of Filipino employees to Germany

(Posted on 16/07/24)

Diversity and nurturing talent is high on the agenda for BCS Group – Boers Crew Services as it... Read more

INTERCARGO joins industry calls for IMO to amend flaws in CII

(Posted on 12/07/24)

With discussions regarding the IMO’s (International Maritime Organization) Carbon Intensity Indicator... Read more

ICS Türkiye branch celebrates its inauguration in Istanbul

(Posted on 12/07/24)

The Institute of Chartered Shipbrokers (ICS), the professional body for the commercial shipping industry... Read more

Columbia Group and Crowley forge strategic US alliance

(Posted on 12/07/24)

Columbia Group and Crowley have signed a strategic cooperation agreement that broadens both companies... Read more

Inmarsat report advocates data sharing to address preventable incidents

(Posted on 04/07/24)

The 2024 edition of The Future of Maritime Safety Report from Inmarsat Maritime, a Viasat company, reveals... Read more

50 years of Hydrex

(Posted on 04/07/24)

On May 16th, 1974, Hydrex was officially born. In the 50 years since then the company has grown from... Read more

New Alternative Fuel Bunkering MOU

(Posted on 04/07/24)

Consort Bunkers Pte. Ltd., ClassNK, Yanmar Asia (Singapore) Corporation Pte Ltd, and Taiko Asia Pacific... Read more

INTERCARGO members achieving fewer deficiencies and detentions

(Posted on 28/06/24)

INTERCARGO-registered dry bulk ships continue to outperform the industry average in both deficiencies... Read more

Van AalstTelestackPort of StocktonCimbriaPort of South Louisiana
  • Geneva Dry
  • Vigan
  • Sailors Society
  • TMS Awards 2023

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping