In this webinar, Mathias Hintze, Analyst and Frederik Lehn, Model Developer at the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping explain how they are supporting maritime decarbonization by modelling likely transition scenarios towards net-zero emissions for the industry. Shipping is a hard-to-abate sector and consequently requires new types of fuel and technology to decarbonize. These fuels and technologies have different cost and availability outlooks. Further, the sector is impacted by policy decisions and market dynamics. To combine insights across the value chain, the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping has developed a simulation model, NavigaTE. NavigaTE is designed to simulate the transition of the maritime industry. This is done by modeling the decision processes of the different actors along the maritime value chain. A core part of NavigaTE is the fuel selection algorithm which is solved at every time-step using Gurobi’s Linear Programming (LP) Solver.
- What decarbonization in shipping could look like
- How the maritime industry can leverage modelling and data-driven decisions in its transition to net-zero emissions
- How NavigaTE is designed and used to simulate decisions across a diverse group of stakeholders
- How an LP solver is used in an unconventional way as part of a larger simulation algorithm
- Why Gurobi is necessary in their work
Webinar Presentation Slides