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K Line to use AI for greater insight into shipping markets

Kawasaki Kisen Kaisha (K Line) has reached an agreement with Hiroshima University, the National Institute of Maritime, Port and Aviation Technology (MPAT) and Marubeni Corporation (Marubeni) to jointly work on research and analysis on maritime logistics and shipping market conditions using artificial intelligence (AI).

{mprestriction ids="1,2"} The purpose of the research is to estimate maritime logistics by combining data and technology, and to explore the possibility of developing predictive models with high accuracy.

According to K Line, the shipping market is one of the more difficult economic indicators to predict because it fluctuates greatly under the influence of various market and social conditions, and sometimes market sentiment. The research carried out by the companies is expected to enable more accurate and transparent business decisions.

K Line said in a statement that it is working to 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 its customers.

K Line will continue to promote the creation of new values by combining its own knowledge on shipping cultivated for the past 100 years with new experience and knowledge of Hiroshima University, MPAT and Marubeni. {/mprestriction}

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