ClearMetal: Predictive intelligence revolution for container shipping
San Francisco: Last month, US firm ClearMetal announced the launch of the first predictive intelligence platform built to solve a top shipping industry problem – knowing how to manage all assets efficiently. The ClearMetal Predictive Intelligence Platform gives carriers forecasts to optimise asset allocation, repositioning and utilisation.
Without container-level prediction and accurate forecasting, carriers lose hundreds of millions of dollars every year in profitability and produce detrimental carbon waste from empty repositioning, excess storage, needless hauling and underutilized vessel space.
“ClearMetal’s method for solving the equipment and repositioning problem is the next big thing to transform container shipping. Using artificial intelligence to comprehend millions of data points and container contingencies, it leverages computing power unavailable in the last decade,” maintains Jim Schreitmueller, former global head of sales for Navis and International Asset Systems. “It’s no surprise the ClearMetal platform has yielded millions of dollars in incremental savings for large carriers and has produced results far superior to any other equipment optimization or business intelligence solution.”
Leveraging cutting-edge data science and machine learning, the ClearMetal Predictive Intelligence Platform resolves over 75 elements of uncertainty across the shipment cycle and layers on 17 external signals (like weather and trade rates) to generate predictions of equipment, trade, vessel and shipper needs with a granularity that the company claims was previously impossible.
For example, ClearMetal could tell a shipping carrier that exactly 36 empty containers will be ready for dispatching at container depot #2 in Memphis to carry cotton to Shanghai six weeks from now on Tuesday– factoring in predicted port congestion, an upcoming typhoon that will delay ships in the South China Sea, and an anticipated twelve percent increase in last minute customer cancellations.
Adam Compain, CEO and founder of ClearMetal (pictured), tells Maritime CEO: “Today’s shipping market is too complex to predict with in-house or off-the-shelf forecasting solutions.”
Compain says the container shipping industry is just at the beginning of a transformation as carriers and industry players look to leverage Silicon Valley technology.
“We are eager to usher in an entirely new wave of technology that empowers teams with the predictive intelligence, data visibility, and forecasts they need to do their jobs even more efficiently,” he says.
