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2019-02-04

Artificial intelligence in shipping industry

Artificial intelligence in shipping industry

The Port of Rotterdam is investing in the development of Pronto-standardized application for data exchange on port calls.

Almost half of the shipping companies, terminals and other nautical service providers in the port use the system to plan, implement and monitor their activities during a port call.

Pronto uses artificial intelligence to predict vessel arrival times in the port. Artificial intelligence and huge data amount are enabling the arrival times of vessels in sea and inland ports to be predicted earlier and with increased precision.

Data sources include AIS and the port authority databases, including vessel arrival times at the loading platform. Port authority data scientists used the parameters to develop a self-learning computer model. Initially, this was fed with some 12,000 items of historical data. The computer recognized patterns in these, enabling it to learn to predict how much time a vessel needs to move from the loading platform to the berth.

As informed, using artificial intelligence has already reduced vessel waiting times in the Port of Rotterdam by 20 percent.

2019-01-29

NYK Selling 50% of Cruise Business

NYK Selling 50% of Cruise Business

Japanese shipping giant NYK will sell a 50% stake in its cruise subsidiary, NYK Cruises, to Anchor Ship Partners (ASP), a Japanese investment firm.

The deal features an agreement to jointly operate the cruise business.

NYK expects to see a gain of around JPY 9 billion (USD 81.9 million) in non-consolidated accounting and JPY 8 billion (USD 72.8 million) in consolidated accounting in Q4 of the fiscal year ending March 31, 2019.

“. . . it is best to develop the cruise business with ASP as a partner in order to further improve ASUKA CRUISE brand and sustain high-quality growth by investment to the cruise business in the future,” NYK said.

 

2019-01-28

OOCL Does Not Plan to Order New Ships For Now

OOCL Does Not Plan to Order New Ships For Now


Hong Kong-based container shipping line Orient Overseas Container Line Limited (OOCL) has no plans to order any new vessels at the moment.
Stephen Ng, Director of Trades at OOCL, said this when asked about the rumored 23,000 TEU sextet order.
Several media outlets informed earlier this week that OOCL was readying to order six LNG-ready 23,000 TEU containerships, following the completion of the sale of the Long Beach Container Terminal.
“Our company is constantly reviewing capacity requirement. There is no plan to order new ship at this moment,” Stephen Ng said.
The terminal divestment is being pursued by COSCO Shipping Holdings’ as part of its USD 6.3 billion takeover of Orient Overseas International Limited (OOIL), a concession required by the U.S. regulators in order to clear the merger.

2019-01-25

Happy Friday Deal!

If you're ready to buy a car, Friday is the best time as you have a chance to save $50 by making a Buy Now Purchase.

So if you have already chosen the vehicle you want to possess you can check if it has the BUY NOW option.

Buy Now Clean Cars - https://www.auctionexport.com/en/cars/clean

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2019-01-23

Membership Program for AuctionExport clients

If you are buying cars with AuctionExport on a regular basis, you can apply for Membership levels.

- Three qualifying purchases per calendar year can make you our Silver member,

- Seven purchased vehicles Gold member 

- Ten purchases makes you a Platinum member on our platform. 

Once you become part of the Membership program, you can enjoy some benefits and additional services. Simply mention your membership level to your sales agent when buying a car.

For more details please follow the link - https://www.auctionexport.com/en/Home/HowToBuy/Membership

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