AI-Powered Vessel Operations Analysis by Nautilus Labs

#decarbonization #Nautilus Labs

AI technology advances leveraging high-frequency data collected onboard, together with noon, weather, and company in-house data, allow ship operators to accurately analyze their vessel operations. Based on these principles, Nautilus Labs as an independent, unbiased third party, partners with ship operators on their decarbonization journey offering a market-leading software platform for pre-voyage simulation, dynamic voyage optimization as well as post-voyage analysis, while ensuring ideal operating decisions optimizing ETA, TCE, fuel consumption and CII and/or hull-propeller maintenance.

Data Monitoring and Digital Twin Construction

The core Fleet Essentials offering, covers the essential monitoring of all data collected and the dynamic construction of the vessel’s digital twin using machine learning algorithms operating on the high-frequency data. It also tracks important key performance indicators (KPIs), such as Carbon Intensity Indicator (CII) and optimization of generator usage, and allows integration with third-party software systems through a dedicated open API.
The consequent steps of pre-voyage simulation and during-voyage optimization close the loop of the platform’s value proposition.

Benefits for Shipping Companies

Shipping companies are currently seeing benefits through the use of Nautilus Labs’ platform, spanning all the way from improved cooperation between vessel & shore office, energy efficiency improvements and consequent emissions reductions at vessel/fleet level. Further, the voyage and route optimization and just-in-time arrival tools are becoming common practice.

Shipowner-Charterer Relations

The Nautilus Labs platform acts as a major disruptive force in the commercial relationship between the shipowner and the charterer, especially in the context of time-charter parties (TCP’s). More aligned incentives between owners and time charterers may remove the focus on claims and encourage collaboration to improve vessel efficiency. Time Charter Party (TCP) terms may eventually financially reward owners for making improvements to the vessel and may further incentivize maintaining a specified CII grade, with joint accountability between Owners and Charterers.

Voyage Charter Party Terms

Finally, new and improved Voyage Charter Party terms might make Virtual Arrivals, Just-in-Time Arrivals, and similar schemes viable and widely adopted. This can eliminate the status quo of Sail-Fast-Then-Wait (SFTW) sailing behavior, bringing more efficiency to voyage planning and execution.

For more information you may contact George Gkiotsalitis.