Bearing and MOL team up to bring AI to the maritime shipping industry
Bearing is a Silicon Valley-based AI technology startup that focuses on streamlining shipping operations.
Mitsui O.S.K. Lines, Ltd. and Bearing, Inc. have announced an expansion of their partnership that began in 2019.
The relationship was originally established with the goal of improving shipping efficiencies within the maritime industry. Through various trials and intensive discussions concerning ship modeling, a range of products including a newly announced AI-powered Smart Routing Engine, has been developed by combining MOL's maritime expertise and Bearing's artificial intelligence (AI) technology infrastructure.
This routing engine automatically analyzes multiple potential routes for a given voyage and recommends prudent, efficient routing through use of optimal main engine output and propeller RPM profiles.
Bearing is a Silicon Valley-based AI technology startup that focuses on streamlining shipping operations. At the core of Bearing's technology are highly-accurate ship performance models built off of a diverse set of real-world data points. These AI-powered models with some historical voyage data for certain vessels such as vessel speed, trim, main engine operation, weather and sea condition allow Bearing to predict metrics like fuel consumption with state-of-the-art accuracy even without vessels' design parameters.
