Maritime coatings specialist Jotun and classification society DNV GL agreed the usage of the latter‘s Veracity platform to optimize delivery procedures.
The plan is to combine external and proprietary data to optimize the delivery of its maritime coatings at port, Jotun and DNV G[ds_preview]L said in a release. Veracity creates an ecosystem where users can safely share data and link it to other quality assured datasets to extract value. In this case Jotun is using the Estimated Time of Arrival (ETA) dataset to ensure it has the right amount of product in the right place.
»Veracity is making paint digital. Jotun have recognized that even products that seem as analogue as paint can benefit from digital solutions and this is an example of how Veracity is not simply a platform for data but also a place for collaboration,« Bjørn Tore Markussen, Managing Director of the Veracity platform unit in DNV GL, said.
According to DNV GL, ships have for some time reported their positions through Automatic Identification System (AIS) transponders but a team from the society has cleaned the data and then developed an algorithm that accurately predicts arrivals at ports. »Jotun joined the Veracity pilot program to verify its benefit to the market and it became apparent that an early approximation for vessels future port visits could provide value to Jotun’s supply chain. A more comprehensive understanding of the movements of the global fleet allows Jotun to optimize their stock and delivery planning«, the release added.
DNV GL is currently developing ETA Enhanced which will build on the current model that is said to be able to more accurately predict the arrival of vessels by utilizing specific data about various vessels from the asset owners themselves.
