Eastern Pacific Shipping (EPS) of Singapore has signed a memorandum of understanding (MoU) with HD Hyundai Global Service on strategic digital co-operation leveraging digital solutions for carbon emission monitoring, optimising ship operations.
Under the agreement, EPS aims to foster digital transformation in the maritime industry by using the AI-based solution ‘OceanWise’. Through this platform, real-time operational data from the EPS fleet will be analysed via its algorithm, allowing for CO2 emission monitoring and forecasting without the need for additional equipment installation or investments. Furthermore, it derives a vessel’s optimal route, taking into account expected waiting times at ports and optimal speeds for each segment of the journey, for optimised carbon reduction.
EPS believes that sustainability begins with accountability and says it is proud to pave the way for a sustainable future with partnerships such as this.