Tankers International Employs Magenta Multi-Agent

Friday, March 23, 2007
Tankers International (TI), one of the largest operators of modern double hull VLCCs (Very Large Crude Carriers), uses Magenta's leading edge multi-agent software (Ocean) to help identify and schedule the most profitable combination of cargoes for its fleet of more than 40 vessels. The market in which TI operates is extremely volatile with demand and transportation costs fluctuating on a daily basis. Magenta has worked closely with TI's London-based agency, Tankers (UK) Agencies Ltd., to develop and deliver a sophisticated, real-time, ocean logistics tool to help optimize the performance and management of its modern double hull fleet. The Magenta solution allows TI to assess potential cargoes in the marketplace, match these against its vessels’ specifications and calculate voyage profitability. Further, unlike traditional rules-based systems, multi-agent technology responds to real world changes affecting a schedule and re-plans the most advantageous schedule at that point in time. For instance, when a new cargo is available, the system decides on the optimum vessel for the cargo, based on TI’s fleet strategy.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Australian PM Promises 2500 Shipbuilding Jobs

Up to 2,500 shipbuilding jobs in Adelaide will be safe for "all time", the Prime Minister says, ahead of the expected announcement to build a new fleet of Navy ships worth $39 billion, reports ABC.

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

Salvage

China Shipping Tanker Catches Fire off Shanghai

Oil tanker Ye Chi reported fire in superstructure in living quarters to MRCC Shanghai caught fire yesterday (August 3) afternoon off Dayangshan Island, Shanghai.

Fire on Subsea Viking

An exclusion zone was set up around Hatston Pier earlier as the offshore support vessel Subsea Viking which was tied up alongside at the time caught fire at Hatson

Boxships Collide in Port Klang, Malaysia

The container ships MOL Empire and Northern Democrat collided at around 1430 LT Aug 1 in Westport harbor at Port Klang, Malaysia, reportedly while mooring.   Container or containers fell overboard,

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1802 sec (6 req/sec)