Our technology prevented $1.3 M losses for an Arctic operator

 

Leveraging our sea ice forecasting platform, we partnered with a leading shipping company in Alaska to optimize their shipping schedules and ensure safe passage through the Arctic North West Passage.

We achieved this through advanced data analytics, and cutting-edge AI climate modeling, and developed an interactive dashboard displaying the forecasted data.

By the end of the project, we successfully achieved:

  • A Seasonal 13-week advanced forecast, giving the shipping company an ideal window for transit.

  • Daily operational updates for imminent ice formations, ensuring timely rerouting and adjustments.

  • POLARIS risk assessment codes, providing a standardized measure of ice navigation risks.

This comprehensive approach to sea ice forecasting saved the company $1.3 million by enabling clear planning reducing delays and additional costs such as demurrage, crew, and fuel.