Following the introduction of its Deployment Planner for liner shipping companies, US company Bearing AI has announced a set of new features designed specifically for tramp shipping companies.
The Deployment Planner is a tool for managing fleet efficiency, mitigating compliance risks, and reducing operational costs. Unlike liner operators, tramp shipping companies execute one-time contracts between ports of loading and discharge. This makes it difficult to optimise emissions performance while maintaining profitability. The latest Deployment Planner for tramp shipping companies addresses these challenges head-on. By leveraging advanced AI models, Deployment Planner analyses historical and real-time data to provide actionable insights into crucial operational challenges.
The Deployment Planner offers insights into the environmental impact of any upcoming contract and allows chartering, operations, and environmental teams to experiment with different vessel deployments to determine the best fit. The Deployment Planner is built on machine learning models and can predict the end-of-year (EOY) performance for every vessel in a fleet, whether or not they have a contract scheduled. These predictions provide an insight into vessel emissions and help tramp operators achieve superior emissions performance and profitability regardless of constantly shifting schedules.
The Deployment Planner helps tramp operators manage 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 more realistic look at EOY emissions performance.
- Optimising 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 minimise environmental impact while complying with international regulations
- Improving Cost Efficiency: simulating operational strategies, allowing tramp shipping companies to identify the most cost-effective deployments in a sector where contract terms and destinations vary widely.
Kristofer Maanum, Senior Product Leader, Bearing AI, said: “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 maximise both efficiency and sustainability, regardless of the variability in their contracts.”
