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Furetank Chartering rolls out AI-powered solutions from OrbitMI

Swedish shipping company Furetank Chartering has chosen to deploy OrbitMI’s AI-powered vessel performance management platform ‘Orbit’ across its fleet of product and chemical tankers.

During a pilot using Orbit on three vessels, Furetank significantly increased control over bunker consumption and increased productivity due to improved planning and coordination of all commercial activities.

“The value we realised during the pilot made it easy for us to extend our use of Orbit to the entire fleet,” said Johan Kristensson, operations manager of Furetank Chartering. “Most of our voyages are one or two days which require agile decision making and real-time analysis to gain efficiencies. Orbit helps our teams do just that.”

Of particular interest to Furetank Chartering was the speed of deployment of Orbit both on shore and on ship. “Our business is fast-paced and we are unable to pause daily operations to adopt any solution,” Mr Kristensson noted. “The fact that Orbit requires no software installation made it easy to test with our commercial teams. Ultimately, we will accelerate our time to value.”

The speed of deployment is also enabled by Orbit Reporter, the noon reporting application that aggregates data from the bridge yet requires no hardware. “Orbit Reporter is a flexible, browser-based tool that runs on any shipboard Internet connected device in minutes,” explained Ali Riaz, CEO of OrbitMI.

“We are thrilled and humbled by Furetank’s commitment to Orbit solutions,” added Mr Riaz. “As a short-haul chemical tanker operator, Furetank sees the value in how Orbit aggregates raw data from existing siloed systems, amplifies it via machine learning algorithms and activates it through connected workflows, dashboards, alerts and actionable insights delivered to decision makers in real-time via desktop, tablet and smartphone, all behind a single log-in.”

Furetank will continue to extend Orbit’s future-proof technology, including transforming a spreadsheet-based process and other fragmented workflows into Orbit’s cloud-based innovation hub.

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