TRUE NORTH MARINE AND IVADO JOIN FORCES TO DEVELOP DATA-DRIVEN SOLUTIONS FOR THE SHIPPING INDUSTRY

Montreal, January 13, 2019 – True North Marine, a Montreal-based consultancy company specializing in weather routing and vessel performance monitoring of ocean going vessels is pleased to announce that it has become a member of the Institute for Data Valorization (IVADO) which aims to bring together industry professionals and academic researchers to develop cutting edge expertise in data science.

True North Marine and IVADO will embark on a multi-year project with the aim of improving models and methods for voyage planning. These advances will allow shipping companies to benefit from significant cost savings while also reducing their fleet’s carbon footprint.

“In monitoring thousands of vessels each year, we collect a lot of data on shipping patterns, vessel performance and of course the weather. All of this data is valuable information which if harnessed properly can allow for businesses to make better business decisions with the added benefit of reducing CO2 emissions which is an industry wide focus going into the next decade. Sustainability will be at the forefront of our industry” said Capt Gurjeet Warya, Vice President Operations and Business Development at True North Marine. “We are so excited to have three leading professors in the AI field to collaborate with. Their expertise and experience will be invaluable in moving this project forward”.

About True North Marine

True North Marine is leading provider of weather routing and vessel performance monitoring services to the shipping Industry. Clients include multinationals specialized in agriculture, mining, steel etc. as well as Ship Owners and the insurance / legal fields. Headquartered in Montreal, the company also has an operations center in Chandigarh India as well as sales offices in Shanghai, Athens and Delhi. For more information on their services you can visit tnmservices.com.

About IVADO

The Institute for data valorization (IVADO) is a joint initiative of HEC Montréal, Polytechnique Montréal and Université de Montréal that brings together nearly 120 industrial, academic and government partners. With over 1 400 member researchers, IVADO is a multidisciplinary centre of advanced expertise in statistics, artificial intelligence and operations research. IVADO’s mission is to 1) contribute to the development of an economic sector in big data processing for decision making; 2) create privileged partnerships between industry and the administrative, social and academic sectors; 3) contribute to the advancement of knowledge and train new generations of data scientists; and 4) foster exchange and knowledge sharing between experts, partners, researchers and students. IVADO provides a framework for six research centres: Canada Excellence Research Chair in Data Science for Real-Time Decision Making, CIRRELT, CRM, GERAD, MILA and Tech3Lab.