Flagship Founders, a venture studio based in Berlin, have announced the spin-off of another start-up, Arinto, a software solution enabling ‘Just-In-Time Arrival’ of merchant ships in ports. Shipping companies and ship managers will be able to calculate the ideal arrival time of vessels and which can improve the efficiency of voyages. As a result fuel consumption will be drastically reduced, there will be lower emissions and shipping will become more sustainable.
Around 3% of worldwide CO2 emissions are caused by global shipping. One of the largest and most unnecessary inefficiencies is that ships’ arrival times at ports are not planned optimally. A vessel will on average spend between 5% – 10% of active time waiting before ports, with the vessel often having sailed at high speed on the way there. As a result, an unnecessary level of fuel will be consumed. If the speed of ships was included in the planning and they can approach a port at an appropriate time without waiting, a worldwide 100 million tonnes of CO2 and 18 billion US dollars could be saved annually.
Based on the real-time data analysis and machine learning that Arinto are currently developing, the software will be able to calculate the precise arrival of ships at the port.
Relevant data points will be analysed with the help of machine learning algorithms. The data will be accessed from various commercial data sources as well as from “Automatic Identification Systems” (AIS). Important information is provided such as the shipping traffic in front of the vessel ad the current waiting times, from this information recommendations are made on the optimal arrival time at the port. While the software doesn’t optimise the route itself, it calculates the arrival time which differentiates itself from already existing voyage optimisation tools.
“The potential market for Arinto is large, and almost untapped at that, Emissions reduction is the number one issue in shipping. The pressure from politics and legislation is extremely high. In the long term, no company will be able to afford the kind of inefficiencies we see everywhere now. This in-turn leads to a strong increase in demand pressure from the shipping companies. Everyone is looking for solutions – and we offer them.”
Isabel Sum, founder and managing director of Arinto.
“Our claim is to only develop business models that solve pressing problems in the market. Our other startups Kaiko Systems, Tilla Technologies and zero44 have shown that we live up to this. Our pre-foundation validation phase clearly showed the great potential in the market for Arinto. With Isabel Sum, we have also found the perfect founder and managing director. I am sure Arinto will quickly prove its relevance and value to the industry.”
Fabian Feldhaus, co-founder and managing director of Flagship Founders.
Arinto is currently in the product development phase with hopes that over the next few months the team will be built up and talks with potential partners and customers are focused on. The broader market launch of the software is planned for later this year.
News sourced from Flagship Founders
