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Accurately predicting the direction of The Baltic Exchange freight rate assessments over the next four business days using today’s prices and real-time supply and demand indicators.
Whilst the market has adapted to constraints generated by the sheer volume of data and lack of transparency on a daily basis for immediate transactions, it has always been a near impossible task to extrapolate where every ship could be up to 6 weeks in the future, combined with real-time demand indicators such as accurate volumes of oil on the water. Until now.
Released in 2023, this whitepaper uncovers the multifaceted challenge of predicting a tanker’s ultimate destination and the critical need for an adequate solution.
A collective intelligence across 6 key components. Unlike humans, who learn from both basic principles and experience, machine learning models learn patterns directly from data and generate predictions based on the observed patterns.