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Satnews Daily
October 6th, 2014

Genscape Tracks 120,00+ Ocean-Going Vessels Daily Using AI + Near-Earth Satellites 

[SatNews] “We are in the midst of transformational change in maritime analytics.”

Genscape, a provider of real-time data for commodity and energy markets, has developed a service that it says is capable of tracking over 120,000 ocean-going vessels each day.

Using a combination of artificial intelligence, near-Earth satellites and thousands of ground-based antennas, Genscape Vesseltracker will track merchant ships to provide supply chain and market data.

“We are in the midst of transformational change in maritime analytics,” says David Francoeur, chief marketing officer at Genscape Vesseltracker.

“Our proprietary network delivers an exceptionally high level of accuracy and comprehensive geographic coverage.”

As well as tracking location, Genscape’s network aims to predict the ports and arrival times of the world’s entire maritime fleet, potentially providing valuable data for energy and commodity markets.

A cargo of Alaskan North Slope crude loaded September 26 at the Alaskan port of Valdez for delivery into the South Korean refining center of Yeosu, according to Genscape. The cargo was detected by Genscape Vesseltracker AIS vessel monitoring data. The U.S.-flagged tanker, Polar Discovery, is reported to have sailed from the ANS export terminal at Valdez, Alaska, for east Asia. Yeosu is home to a GS Caltex-operated 775,000 bpd refinery, the world’s fourth largest. The Polar Discovery is expected to arrive at Yeosu on October 10, according to Vesseltracker.

According to the U.S. Energy Information Administration, no Alaskan crude oil has been exported outside of the United States since 2004. Overseas exports of ANS are permitted by US federal law. Learn more here http://www.genscape.com.