METIS lands Neptune Lines fleet deal for AI-powered analytics

The METIS platform also allows Neptune Lines management to visualize KPIs

METIS lands Neptune Lines fleet deal for AI-powered analytics
Photo: METIS

METIS Cyberspace Technology S.A. has secured a fleet-wide contract from Neptune Lines to implement its data acquisition and advanced analytics platform in a first commitment to deploy the power of AI in vessel management by a Pure Car & Truck Carrier operator.

Neptune Lines PCTCs feature METIS Ship Connect – the automated data acquisition solution whose accuracy is approved by Lloyds Register.  

The METIS platform uses a network of Wireless Intelligent Collectors to harvest machinery, navigation and operational data regardless of equipment supplier. Its ship performance analysis also integrates AIS data, data fetched from vessels’ daily / arrival / departure regular reporting and weather forecasts to provide services such as automated noon reporting, analysis of technical and operational domains and weather-related reporting.

Outputs include live dashboards showing the condition of main engines, diesel generators, ballast water treatment systems and other machinery as well as power and fuel consumption. However, the METIS platform also allows Neptune Lines management to visualize KPIs such as power vs speed under the full ship speed range and in all weathers using machine learning models and run ‘what if’ routing scenarios to weigh up consequences for fuel and arrival times. Managers can even measure performance against Charter Party Agreements.

Nikos Paterakis, Neptune’s Chief Operating Officer, says:

“As a leading finished vehicle logistics provider active across more than 40 ports, Neptune Lines forms an integral part of the automotive industry’s downstream supply chain. Over the past few years, IoT devices and NLP technology through the data they collect became key drivers of higher operational efficiency which at the end leads to better performance for the customers for the logistics industry. It is time for shipping to quickly adapt to the changes, enwrap the new technologies and get to the next performance level with the sophistication and service quality demanded in our times.”

Neptune Lines will benefit from additional customized functionality from METIS including continuous speed profile optimization across its Mediterranean, North Europe and Black Sea routes, emissions indicator monitoring and antifouling coatings performance assessment. Generator operations in port will also be scrutinized to minimize power consumption and emissions.

Mike Konstantinidis, CEO, METIS, says:

“Neptune Lines is a new customer and the PCTC sector is a new vessel type for METIS, but the ability of AI to empower shipping companies in their journey towards digital transformation is fully applicable to all kinds of vessel. Round the clock data acquisition from all available sources provides a rich, high-resolution picture of ship performance rather than a patchwork of inconsistent datasets. As the industry’s only end-to-end platform powered by AI, the true value of the METIS solution is cumulative; applied fleet-wide its benefits add up to more than the sum of its individual technical, operational and cost gains.”

Three years after launch, METIS data acquisition and analytics has been implemented on nearly 250 ships and is measuring 2.5 billion performance data points monthly.METIS Cyberspace Technology S.A. has launched a new software module to tackle the huge challenges shipping companies face in monitoring vessel performance effectively to meet Charter Party Agreement (CPA) reporting needs. The new module, announced today, addresses the challenge with functionality that will greatly enhance the productivity of both operations and chartering departments.

The new module allows operators to monitor and track their vessel’s CPA performance at a glance through the online METIS platform using a set of visually rich dashboards. Once all CPA terms are imported into the system the user can monitor all vessels concerned and identify potential deviations to specified consumption and speed terms. In addition, the system provides automated notifications in case the speed consumption curve exceeds certain predefined limits.

Mike Konstantinidis, CEO, METIS Cyberspace Technology, says:

“Monitoring performance to match CPA expectations is one of the biggest challenges a vessel owner can face. The CPA module means the right information is always available during the voyage to take corrective actions and at the end of every voyage for performance evaluation and to address any potential claims.”

Konstantinidis adds that the analysis used is based solely on data collected automatically through METIS Ship Connect, the data acquisition system developed by METIS whose accuracy is approved by Lloyds Register.