Following the success of its Deployment Planner for liner shipping companies, Bearing AI, a provider of cutting-edge operational solutions, has introduced a set of powerful new features tailored specifically for tramp shipping companies.
Unlike liner operators, tramp shipping companies handle one-time contracts between ports of loading and discharge, complicating the optimization of emissions performance while maintaining profitability.
The new Deployment Planner for tramp shipping companies addresses these challenges directly. Utilizing advanced Artificial Intelligence (AI) models, it analyzes vast amounts of historical and real-time data to provide actionable insights into crucial operational challenges.
In addition, the Deployment Planner quickly assesses the environmental impact of any upcoming contract and enables chartering, operations, and environmental teams to experiment with different vessel deployments to find the best fit.
Built on robust machine learning models, the Deployment Planner predicts the end-of-year (EOY) performance for every vessel in a fleet, regardless of whether they have scheduled contracts. These predictions offer unprecedented insight into vessel emissions, helping tramp operators achieve superior emissions performance and profitability despite constantly shifting schedules.
The Deployment Planner assists tramp operators in managing the complexities of variable contracts and clients by:
- Delivering Powerful EOY Predictions: Forecasting performance based on vessel-specific historical data during uncontracted future periods provides a realistic view of EOY emissions performance.
- Optimizing Vessel Deployment: Supporting strategic vessel deployment based on potential routes, fuel efficiency, and regulatory compliance, making it easier to balance environmental demands with commercial objectives.
- Emissions Management: Predicting emissions for different deployment scenarios, helping operators choose routes and schedules that minimize environmental impact while complying with international regulations.
- Improving Cost Efficiency: Simulating operational strategies, enabling tramp shipping companies to identify the most cost-effective deployments in a sector where contract terms and destinations vary widely.
“Tramp shipping companies face a distinctly different set of operational challenges compared to their liner counterparts. Our new Deployment Planner is designed to provide the same level of precise, real-time insights for tramp operators, ensuring they can make informed decisions that maximize both efficiency and sustainability, regardless of the variability in their contracts,” stated Kristofer Maanum, senior product leader at Bearing AI.
