MOL pushes big data application in ocean shipping
A contract to conduct a joint study on the analysis and use of big data related to ocean shipping has just been inked by MOL, its subsidiary MOL Information Systems and the Yokohama National University.
The study will analyse the deployment of data related to economics and maritime affairs and forecast the ocean shipping market and bunker prices with greater accuracy.
The use of artificial intelligence (AI) in that field will be studied in cooperation with Professor Tomoharu Nagao of the university’s graduate school of environment and information sciences.
The partners will also proceed with more new studies to develop management support tools.