The predictive intelligence company Windward has launched the ‘Data for Decarbonization’ programme (D4D) partnership which aims to increase ‘transparency and foster collaboration within the maritime industry by leveraging the power of big data and AI’.
In a statement sent to Bunkerspot today (14 September), Windward said that the programme will ‘ignite participation across the maritime ecosystem’ from financial institutions, shipowners, insurers, charterers, and energy companies.
Existing members of the partnership include ADNOC Logistics & Services, ASM Maritime, Executive Ship Management (ESM), SOKANA Shipping, and Interunity.
The D4D programme will create large datasets gathered from all stakeholders across the maritime trade industry to build AI models that will accurately predict the carbon emissions of any vessel voyage, and optimise the whole pre-fixture process – including vessel selection, contract clauses, and supply chain scheduling.
Windward believes that ‘by coming together as an industry and pooling best-in-class vessel operational data as well as AI and fuel consumption data’, it will be possible to ‘affect the trajectory of the industry’s carbon emissions by 5%-20% on a per-voyage basis’.
Furthermore, the D4D programme will enable shipowners to cut fuel costs by optimising vessel operations without depending on the coverage of expensive IoT devices and hardware, and allows them to compare their fleet to others. Charterers will be able to optimise their pre-fixture vessel selection by choosing the optimal performing vessel, optimising the ballast leg, and during the post-fixture phase adapting a smart ETA and laden speed to real operating conditions
Windward said that freight forwarders and beneficial cargo owners will be able to measure carbon shipping performance for every container, accounting for the particular vessel and projected route of every shipment thus offering end customers a ‘green premium’ option of low carbon shipping. Trade financiers will be able to independently verify the environmental impact of financing decisions thus exercising sustainable trade financing.
Ami Daniel, CEO & Co-Founder of Windward, commented: ‘The answer to reducing carbon emissions lies in the Power of Many. Regulation is necessary, but the solution needs to come from within to ensure that the global supply chain continues to function and garners the trust of the general public.
‘The maritime shipping industry is headed to decarbonisation. Those that invest in sharing data and insights now will benefit from the advantages of an accurate model trained specifically for the industry’s unique operations. Together we can realise a solution that will allow all stakeholders to analyse, predict, and price their carbon footprint, improve their bottom line, and accomplish a carbon-free future.’