Day 2 - Morning Session
Shipping economics and operations concepts
This session will cover some basic shipping economics and operations concepts while exploring its dynamics as generated by real AIS data. The goal is to start building intuition on the strengths and limitations of AIS for generating statistics. The following three topics will cover the session
- Understanding Shipping Economics Through AIS Data
- Congestion Levels and Waiting Times Estimation
- Emissions Estimation for Regional and Local Areas
For this session, you will get:
- Understand how AIS data can be used to monitor key economic indicators and freight dynamics in the shipping industry.
- Understand how congestion and waiting times can lead to higher freight rates in shipping.
- Understand the "bottom-up" method for emissions estimation as adopted by the International Maritime Organization (IMO).
- Gain knowledge about how waiting times at ports can relate to higher emissions.
- Acquire the skills to manipulate AIS data to glean economic insights through a hands-on coding session.
- Learn how to use AIS data to estimate congestion levels and waiting times for a specific port.
- Learn the techniques for estimating emissions on a regional and local level using AIS data.
- Gain the skills needed to visualize emissions data effectively.
- Apply the knowledge and skills gained to conduct an analysis that extracts relevant economic insights from AIS data.
- Use AIS data to create an actionable model or tool that estimates congestion levels and waiting times for a selected port.
- Competently apply techniques to estimate emissions using AIS data, incorporating insights about the relationship between waiting times and emissions.
- Use data visualization skills to effectively communicate the emissions data and its implications.