SIT and TradeFlow Collaborate to Enhance Shipping Industry Efficiency with AI
AI-driven solution will predict and reduce risk in international shipping to increase operational efficiencies and reduce cost
TradeFlow Capital Management (TradeFlow) and the Singapore Institute of Technology (SIT) are pleased to announce a collaboration to co-create an artificial intelligence (AI) driven solution to better address risk and efficiency issues in the international shipping industry.
With the shipping and maritime sector contributing around 7% of Singapore's gross domestic product and more than 130,000 ships annually calling at Singapore, the digitalised solution shall benefit Singapore’s status as an international shipping hub.
The project aims to apply artificial intelligence and machine learning to monitor, measure, analyse, predict, and in turn, help manage the risk that a company will face demurrage on shipments of bulk commodities around the world.
For the full story, please go to SIT’s Digital Newsroom: https://www.singaporetech.edu.sg/digitalnewsroom/sit-and-tradeflow-collaborate-to-enhance-shipping-industry-efficiency-with-ai/