Jt Study by MOL, Yokohama University for Improving Ocean Shipping Market Forecast

 Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University to conduct a joint study on the analysis and use of big data related to ocean shipping.

The joint study is aimed at developing the capability to analyze data related to economics and maritime affairs and forecast the ocean shipping market and bunker prices with greater accuracy by using artificial intelligence (AI) in cooperation with Professor Tomoharu Nagao of the university’s Graduate School of Environment and Information Sciences. The partners will also proceed with new studies to develop management support tools.

The MOL Group continually takes a proactive stance in promoting the practical use and application of IT and combines each division’s intelligence, with the goal of creating a shipping group that is always customers’ first choice when it comes to transport and logistics.