1. Artificial Intelligence to help decarbonization:
Companies like Windward are providing AI-decision support platforms to provide go/no recommendations for different elements of risks such across security, safety, compliance, ocean, freight, and carbon.
Data is taken from various sources such, in form of “deep learning” as companies “contribute” data so that the AI algorithm builds more accurate models.
“Collaborative Digitalization” from sources such as ships, charts, and banks leads to accelerated decarbonization drives
Over the last 3 years, an increasing number of shipowners have invested in Methanol-powered ships globally, some of them are already class approved by the likes of DNV-GL.
MAN and Wartsila have certified that powering ships with methanol required no structural changes, with the exception of new fuel rail systems and injectors.
Conversions costs are 1/4th for a Methanol-powered ship than an LNG-powered Ship.
Methanol is far less toxic in the event of a spill with its higher biodegradability.