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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.
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.