Apr 24 2024

UK launches £8m fund to accelerate smart shipping

On April 22, the UK government has launched an £8m Smart Shipping Acceleration Fund to advance the use of automation and AI in shipping.

Funding will be used for feasibility studies to encourage the development of new technologies and the refining of existing systems, such as self-driving boats or ports using automated systems.

The move is intended to boost the economy and support coastal communities, while also forming part of the government’s broader plan to decarbonise shipping, especially through use of advanced technologies.

Lord Davies, maritime minister, said: “Using AI and cutting-edge technology to make boats smarter and transform port operations is part of our plan to decarbonise shipping, enhance safety for our seafarers and help grow the economy.

“AI has the potential to revolutionise the sector, create jobs and support the economy.”

Eleanor Watson, AI ethics engineer and AI faculty at Singularity University and IEEE member, added: “It’s ultimately in the interest of businesses to embrace this. AI is advancing at a tremendous rate and its power or potential is now far clearer to the public. Read more

Source: LOGISTICS MANAGER