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AI in Shipping Could Reduce Emissions by 47 Million Tonnes

Highlights

  • AI in shipping could cut carbon emissions by 47 million tonnes annually.

  • AI systems reduce route deviations, saving fuel and enhancing crew efficiency.

  • The potential for fully autonomous ships may revolutionize maritime logistics.
NEWSLINKER
Last updated: 18 June, 2024 - 4:12 pm 4:12 pm
NEWSLINKER 11 months ago
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The commercial shipping industry, integral to global trade, faces increasing pressure to mitigate its environmental impact. Orca AI’s recent study highlights the potential of artificial intelligence to significantly reduce carbon emissions by optimizing sea navigation. By leveraging advanced AI technology, the industry could potentially cut down emissions by 47 million tonnes annually. Orca AI’s insights suggest a transformative shift in how maritime operations could be managed in the future.

Contents
Reducing Emissions with AIEconomic and Operational BenefitsCurrent Emission Trends and Future Outlook

Reducing Emissions with AI

Orca AI’s report emphasizes the role of artificial intelligence in minimizing the need for reactive maneuvers and deviations due to high-risk encounters with marine targets like vessels, buoys, and sea life. Real-time alerts provided by AI systems enhance crew awareness and decision-making, resulting in fewer course changes and more efficient voyages. This reduction in unnecessary detours not only saves fuel but also cuts down carbon emissions significantly.

Shipping, which facilitates about 90% of global trade, contributes nearly 3% to global carbon dioxide emissions. The International Maritime Organization (IMO) has set a target to reduce these emissions by 20% by 2030. However, achieving this goal is increasingly challenging, especially with geopolitical tensions, such as the ongoing crisis in the Red Sea, impacting international shipping routes.

Economic and Operational Benefits

Beyond environmental impacts, AI in navigation offers substantial economic benefits. According to the study, AI-driven reductions in route deviations could cut down travel distances by approximately 38.2 million nautical miles each year. This efficiency translates to an average fuel cost saving of $100,000 per vessel. Moreover, the potential decrease in close encounters by 33% in open waters could significantly enhance operational safety and reduce the workload on ship crews.

As Orca AI CEO Yarden Gross points out, in the short term, AI technology can streamline crew tasks, allowing them to focus on complex navigational challenges. In the long term, this could pave the way towards fully autonomous ships, fundamentally altering maritime operations and logistics.

Current Emission Trends and Future Outlook

The Organization for Economic Cooperation and Development (OECD) reports that global shipping emissions were approximately 858 million tonnes in 2022, slightly up from the previous year. The industry’s reliance on fossil fuels and the increasing demand for goods underscore the urgency for innovative solutions like AI to curb emissions effectively. Orca AI’s findings resonate with broader industry trends pushing towards automation and sustainability in maritime logistics.

Notably, previous technological advancements in the maritime sector have often been driven by regulatory and economic incentives. The integration of AI into navigation aligns with this historical trend, presenting a dual opportunity to meet emission targets and improve operational efficiencies. With the IMO’s ambitious emission reduction goals, the role of AI could become increasingly central in shaping the future of shipping.

While the adoption of AI in shipping is still in its early stages, the potential benefits are substantial. Beyond reducing emissions, AI can enhance safety, reduce operational costs, and streamline logistics. As the industry continues to grapple with environmental and economic pressures, the integration of AI represents a promising path forward. Companies investing in these technologies may not only meet regulatory requirements but also gain competitive advantages in the rapidly evolving global trade landscape.

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