FUTURES EXPO SERIES
Ocean intelligence
Research addressing the most pressing social policy issues affecting health : poverty , disadvantage , exclusion and inequality
Spin-out
99 % of all Australian exports are transported by sea , and maritime transport is vital to our jobs and businesses . In Australia , and globally , the shipping industry faces a perfect storm of market , security , and regulatory pressures to reduce its reliance on carbon-based fuels .
> In tests with real-world cargo ship data for over 70 different ships , the system consistently achieves up to 20 % fuel savings .
> The Ocean Intelligence solution is positioned to transform the global shipping fleet , rapidly and at a scale , to help meet our net zero ambitions .
Ocean Intelligence is a UNSW spinout company that aims to commercialise a ground-breaking digital technology that allows cargo vessels to optimise transit time and minimise fuel consumption by ‘ riding ’ ocean currents . Their dynamic ship routing system uses state-of-the-art ocean forecast models , machine learning , and mathematical techniques to compare hundreds of thousands of possible routes in minutes .
Extensive testing revealed that the prototype achieves consistent fuel reductions of up to 20 %, potentially saving shipping companies up to US $ 10 million a year for each ship . Ocean Intelligence is developing a fully integrated , marketready prototype and interactive bridge system that will be field-tested at sea .
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