MOL to Tap Artificial Intelligence for Shipping

Mitsui O.S.K. Lines, Ltd. (MOL) has announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract 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 analyse data related to economics and maritime affairs and forecast the ocean shipping market and bunker prices with greater accuracy. This aims to be achieved by using artificial intelligence in cooperation with Professor Tomoharu Nagao of the university’s Graduate School of Environment and Information Sciences. Feature: The Rise of Big Data in Ports and Terminals The partners will also proceed with new studies to develop management support tools. The MOL Group continually takes a proactive stance in promoting the…

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