25.6 C
Hamburg
Monday, July 26, 2021
Home News MOL and Tomaharu Nagao agreement

MOL and Tomaharu Nagao agreement

Mitsui O.S.K. Lines, Ltd. announced that the company has concluded a technology consulting agreement with Professor Tomoharu Nagao (Note 1) of the Yokohama National University (Headquarters: Yokohama, Kanagawa Pref.; President: Yuichi Hasebe) Graduate School of Environment and Information Sciences, who is the creator of the next-generation AI advanced machine learning (Note 2) and the percolative learning method (Note 3).

The MOL Group has worked with Professor Nagao since 2016 to forecast the dry bulk market by analyzing data related to economic issues and maritime affairs. It will continue to promote the use and application of ICT-based trends in advanced digitalization by concluding this technology consulting agreement and holding regular advisory meetings and internal review meetings.

MOL aims to become a "corporate group of competitive No.1 businesses," under the "Vision for the MOL Group 10 years from now" set out in the "Rolling Plan 2018" management plan by enhancing its services through the use and application of ICT.

(Note 1)
Tomoharu Nagao is a leading authority on advanced machine leaning, and has pioneered many unique advanced calculation models by applying advanced calculation methods to image processing and recognition, nerve circuit networks, time-series forecast, and so on. He is current position since 2001 after serving as an assistant professor in the Graduate school of Tokyo Institute of Technology. His work focuses on industry-academia cooperation, drawing upon his strong track record of joint studies with many companies. He also serves as CTO of a venture of the university.

(Note 2)
Advanced machine learning is said to be the next stage of artificial intelligence (AI) after deep learning which realizes autonomous solution of problems.

(Note 3)
The percolative learning method is a model that "percolates" future information available only during learning into information, which can be used even during practical use. It is expected to allow much higher accuracy in forecasting future changes.(Yokohama National University: Nagao Lab :Patent Number 2017-153613)

Latest Posts

Largest container ship ever sails the St Lawrence River

MSC Melissa has become the largest container vessel to ever sail the St. Lawrence River, calling earlier in July the Port of Montreal. With a...

Acceleration in port capacity investment insufficient to support cargo demand growth

Surging container shipping cargo demand in the wake of the pandemic has resulted in a significant improvement in the global terminal capacity outlook, but...

DCT Gdańsk to boost container capacity by 1.5 million TEU

The tender committee of the Port of Gdańsk Authority has announced that the lease for a new port area has been awarded to DCT...

Hapag-Lloyd increases prices to Australia

Hapag Lloyd has announced new rates for Australian destinations that will take effect in the next months. Firstly, the German carrier will implement a peak...

IPCSA joins Private Sector Consultative Group of WCO

The International Port Community Systems Association (IPCSA), which specialises in global trade facilitation, is the new member of World Customs Organization’s influential Private Sector...