Artificial Intelligence in Maritime Shipping Industry


The maritime shipping industry is heavily dependent on a factor that is independent of any other element in the universe, which is time. Time is of great importance for the maritime industry globally and any miscalculation or delays in the shipping industry can cost the company millions of dollars.
As there are huge numbers of ships that are plying on oceans all over the world so that the trade between nations can be kept fully functional. These ships or maritime vessels when meets with an unforeseen event like that of poor weather conditions, fire hazards, equipment failure, engine breakdown, port or canal traffic can cause a relay of events for the whole maritime traffic which can cause even a turmoil in the world trade and stock exchange market of the worlds. Therefore companies like Orion Marine Concept have developed advanced marine vessel monitoring system which can avert the causes of such delays to the shipping industry with the help of its futuristic approach in the development of best in class system integrated ERP suite which keeps track of every movement of the shipping vessels with the companies own satellite-based monitoring system.
The vessel management software developed by the company Orion Marine Concept has been integrated with the monitoring system of globalship tracking intelligence in Hong Kong which helps to keep track of a database of more than 5,50,000 active and decommissioned vessels all over the world. The marine vessel monitoring system by Orion Marine Concept helps the shipping companies to optimize the speed and bunker consumptions saves cost as well as quantifies performance of the Hull and propeller, reduces emissions and helps in controlling the the carbon footprint of the vessel, as well as generates automatic reports, provides full traceability and transparency of operations and performs data analytics on the performance of the vessel.


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