Japanese shipping company Kawasaki Kisen Kaisha (K Line) has partnered with a number of firms to incorporate artificial intelligence (AI) into the shipping industry.
As part of the collaboration, K Line will work with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology, and Marubeni Corporation. All parties will research and analyse the use of AI in maritime logistics and shipping market.
By combining data and technology, the partners will look for the possibility of developing predictive models with greater accuracy.
According to K Line, the new method will facilitate more accurate and transparent business decisions.
K Line said in a statement: “K Line Group is promoting the application of digital technology, which never stops evolving such as AI / IoT to our existing business by assigning ‘AI / Digitalization Promotion Division’ as a driver.
“We are working to further improve the quality of existing service based on safety in navigation and cargo operations to high-value-added services, which can contribute to strengthening relationships with our customers that we have cultivated for many years.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“We are also working to organically integrate and develop the various technologies and services cultivated across all divisions to date and to move forward not only internally but also through proactive cooperation with universities and other external research institutes so that we can construct new business models more effectively and with a greater sense of speed.”
A number of global shipping firms have sought partnerships with technology firms to utilise the power of AI in the shipping industry.
Recently, Mitsui OSK Lines developed an AI-based vessel allocation and cargo loading plan for car carriers in collaboration with Osaka University.
In September, Mitsui OSK Lines and SenseTime Japan released an AI-powered vessel image recognition and recording system to support automated ship monitoring.