Hive Maritime is a predictive analytics platform for maritime intelligence.
Blending a wealth of naval experience with the latest operations and data analytics research from MIT, HiveMaritime reduces your operational cost and risk.
Hive Maritime is reducing congestion in shipping lanes and ports around the world through the latest predictive analytics, operations theory, and machine learning technology. Our solution provides ship owners and operators with route optimization tools that will save over $2 Billion in operational expenses alone. By predicting future location of ships, we also provide charterers and brokers with advanced intelligence on route profitability, cutting up to 10% from total voyage costs and enabling more accurate cargo arrival predictions, enhancing supply chain optimization.
Hive Maritime optimizes global trade logistics through improved route management and increased situational awareness.
Ships transport 90% of the world’s trade, but the shipping industry is fragmented and has struggled with low margins due to oversupply of capacity since the end China’s economic boom. Shipping lanes are crowded and choke points, such as canals, straits, and ports, have erratic demand that is not currently anticipated in route planning. Poor advanced forecasting abilities results in sporadic arrival rates that causes long queues, high costs, and low, or no, profits.
Studies have shown that half of all ships miss their planned arrival time, with traffic and congestion accounting for two thirds of these delays. Even the most advanced and respected carriers only arrive on time three of every four voyages. Few tools exist to accurately and effectively optimize voyages end-to-end. The Hive Maritime platform allows arrivals to be more accurately planned in addition to reducing onboard machinery failures, increasing total cargo throughput, and emitting less carbon.