Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

All supply chain points must engage in AI utilization

Reprints

Ships are using technology to become more efficient, and shipping experts say ports must keep up with them.

“There are a number of ports, where certain areas are completely automated,” said Charles Fernandez, London-based head of marine liability and hull at Canopius Group A.G. “And people aren’t allowed in that zone. Machines picking up containers and taking them from Point A to Point B.”

Andrew Kinsey, New York-based senior marine risk consultant for Allianz Global Corporate & Specialty S.E., said addressing the entire supply chain is one of the most critical aspects of employing artificial intelligence in the shipping industry.

Transportation is more than getting the container off the ship, he said, “we have to get the container to its final destination.” “We continue to hear about the accumulation of risk,” Mr. Kinsey said, “where we have so much cargo at port or on a vessel, what we need to do is start to utilize AI just like we have to utilize any technology available.”

Insurers want to see the entire supply chain, Mr. Kinsey said.

“In order to have that, you need transparency,” he said, “and that’s a challenge because everyone’s trying to use these efficiencies for their own, as well they should, but then we also need to see some transparency in the exchange of information to address all supply-chain efficiencies.”

Read Next

  • Shipping firms navigate new world of risk

    The maritime transportation industry has come a long way since the days when navigators used the stars to guide wooden sailing ships across the oceans, but future changes may be just as radical as the shipping industry embraces artificial intelligence to transport goods around the globe.