Maersk Tankers is working with shipping data hedge fund CargoMetrics to create trading signals to assist in its chartering decisions.
The product tanker owner joined forces with CargoMetrics, in which Clarksons and Idan Ofer are shareholders, in what it called a "ship-sized" investment last August.
Maersk Tankers chief executive Christian M Ingerslev says: “What we would like to move away from is just having market predictions to having firm trade signals based on data. Our digital drive will increase accuracy in forecasting the markets where customers need us the most, and help us assess the risk we want to put in our portfolio at any given time.”
Ingerslev says the work with CargoMetrics is taking place in three-week sprints, where a specific problem is addressed before being tested and evaluated.
“This does not go into long projects that take years and years and you are not sure what comes out at the other end,” he says. “It’s really, dynamic and it allows you to deviate if the conclusions you are getting do not match the problem you are trying to solve.”
