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    Prediction of Sea Level

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    Jeet Singh
    Simon Holgate developed new software that can predict sea levels up to 36 hours in advance within 20cm accuracy, compared to the 75% accuracy of traditional tides methods. His machine learning and real-time weather/sea level data software helps oil refineries and ships save millions by reducing demurrage costs from delays. Refineries typically pay $30,000-$100,000 in additional charter costs per day of delay, with worldwide annual delay costs to the industry estimated at $1.3 billion. The software's first product, Petro Planner, targets oil refineries' sea level needs to load and unload cargo more efficiently.

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    Prediction of Sea Level

    Uploaded by

    Jeet Singh
    10 views2 pages
    Simon Holgate developed new software that can predict sea levels up to 36 hours in advance within 20cm accuracy, compared to the 75% accuracy of traditional tides methods. His machine learning and real-time weather/sea level data software helps oil refineries and ships save millions by reducing demurrage costs from delays. Refineries typically pay $30,000-$100,000 in additional charter costs per day of delay, with worldwide annual delay costs to the industry estimated at $1.3 billion. The software's first product, Petro Planner, targets oil refineries' sea level needs to load and unload cargo more efficiently.

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    Prediction of Sea Level

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    Simon Holgate developed new software that can predict sea levels up to 36 hours in advance within 20cm accuracy, compared to the 75% accuracy of traditional tides methods. His machine learning and real-time weather/sea level data software helps oil refineries and ships save millions by reducing demurrage costs from delays. Refineries typically pay $30,000-$100,000 in additional charter costs per day of delay, with worldwide annual delay costs to the industry estimated at $1.3 billion. The software's first product, Petro Planner, targets oil refineries' sea level needs to load and unload cargo more efficiently.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    10 views2 pages

    Prediction of Sea Level

    Uploaded by

    Jeet Singh
    Simon Holgate developed new software that can predict sea levels up to 36 hours in advance within 20cm accuracy, compared to the 75% accuracy of traditional tides methods. His machine learning and real-time weather/sea level data software helps oil refineries and ships save millions by reducing demurrage costs from delays. Refineries typically pay $30,000-$100,000 in additional charter costs per day of delay, with worldwide annual delay costs to the industry estimated at $1.3 billion. The software's first product, Petro Planner, targets oil refineries' sea level needs to load and unload cargo more efficiently.

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    THE VOICE OF MARINE

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    The Marine Professional
    Predicting sea levels earlier could cut delays
    Monday, 11 January 2016

    Predicting sea levels earlier could cut delays


    Written by Ines Nastali

    VLCC Algarve unloading


    crude oil in Antifer.

    New software has been developed that could help oil refineries and the shipping industry to save
    millions of pounds each year by reducing demurrage.
    Simon Holgate, a former scientist with the National Oceanography Centre in Liverpool, founded
    Sea Level Research and developed the software that can predict sea levels up to 36 hours in
    advance to within 20cm, 95% of the time, compared to just 75% of the time using the traditional
    tides.

    He has spent two years developing his software, which combines machine learning algorithms with
    real-time information on weather and sea levels.
    Holgate said: The ability to predict the surge, that is the weather on top of the tide, enables us
    to move vessels much more efficiently. These vast ships enter the river with only 60cm clearance
    under their keel, so having an additional 20cm of water can make all the difference as to whether
    a vessel can berth or not and between a profitable and an unprofitable voyage.
    The code has recently secured a 200,00 investment by The North West Fund for Venture Capital
    which makes it possible to bring the software to market.
    The first product, Petro Planner, is targeted at oil refineries which rely on sea levels to be able to
    load and unload cargo. These companies typically pay $30,000 to $100,000 in additional charter
    costs to the ship owner for each days delay. It is estimated that such delays annually cost the
    industry $1.3bn worldwide.

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