'AI can help shipping industry cut emissions by 47 mn tonnes every year'

The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets

Shipping Corp
Shipping, responsible for moving about 90 per cent of global trade, contributes nearly 3 per cent to the world's carbon dioxide emissions. (Representative Image)
Reuters
2 min read Last Updated : Jun 18 2024 | 12:05 PM IST
The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday.
 
The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets such as vessels, buoys and sea mammals by alerting the crew in real time, according to the report.
 
WHY IT IS IMPORTANT
 
Shipping, responsible for moving about 90 per cent of global trade, contributes nearly 3 per cent to the world's carbon dioxide emissions. This share is anticipated to rise in the coming years unless stricter pollution control measures are implemented.
 
The International Maritime Organization aims to cut emissions by 20 per cent by 2030, a target under threat from the ongoing Red Sea crisis.
 
KEY QUOTE
 
"In the short term, it can lead to fewer crew members on the bridge, while those who are on the bridge will have a reduced workload and more attention to tackle complex navigational tasks, optimising the voyage and reducing fuel and emissions," Orca AI CEO Yarden Gross told Reuters. "In the long term, it will open the door to fully autonomous shipping."
 
CONTEXT
 
Global carbon dioxide shipping emissions reached an estimated 858 million tonnes in 2022, a marginal rise from the previous year, according to the Organization for Economic Cooperation and Development. An average of 2,976 marine incidents are reported per year, Orca AI's study showed.
 
BY THE NUMBERS
 
The reduction in route deviations could help ships shave off 38.2 million nautical miles per year from their travel, saving an average of $100,000 in fuel costs per vessel, according to Orca AI's report. AI could also lower close encounters by 33 per cent in open waters, it said.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Artificial intelligenceGlobal TradeCarbon emissionsShipping industrylogistics

First Published: Jun 18 2024 | 12:05 PM IST

Next Story