MOL to Start Study on Big Data in Ocean Shipping

Image Courtesy: MOL

Japanese shipping company Mitsui O.S.K. Lines (MOL) has, together with its subsidiary MOL Information Systems, entered into an agreement with Yokohama National University to conduct a joint study on the analysis and use of big data related to ocean shipping.

The joint study is aimed at developing the capability to analyze data related to economics and maritime affairs and forecast the ocean shipping market and bunker prices with greater accuracy by using artificial intelligence (AI).

The partners will also proceed with new studies to develop management support tools.

Earlier in August, MOL restructured its existing US East Coast – West Coast South America route to connect Europe with East Coast South America, via the Strait of Magellan, West Coast South America, and West Coast Central America.

The revised service, which offers a direct service from East Coast South America to West Coast South America and West Coast Central America, comes on the back of MOL’s new vehicle transport contract to provide car carrier services for Toyota Argentina S.A. (TASA) to ports on West Coast South America and West Coast Central America.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 1 2 3 4 5

Seatrade Cruise Global

For more than 30 years, Seatrade Cruise Global has been the leading international exhibition and conference serving the cruise industry…

read more >

Focusing on Solutions

The maritime industry is experiencing the most aggressive regulatory change in history, with the adoption of a global sulphur cap of .5%…

read more >

European Shipping Week 2017

European Shipping Week is intended to be a platform where policy-makers from the main EU institutions will meet and engage with European…

read more >

SNS2017 – The Southern North Sea Conference & Exhibition

EEEGR’s flagship Southern North Sea conference is the most important event for the energy sector in the East of England…

read more >