Maricasts service gains interest
The Maricasts service has been gaining global interest since its launch last month. The system, which forecasts detailed traffic volumes at port, national and regional levels, has only just emerged in a form that allows it to be easily accessed.
Graham Cox of Maritime Traffic Forecasts said the company “has been in discussions with a number of parties around the world” since its release. He added that one upcoming application may be for port development work in Georgia.
He explained that most traffic forecasts are still widely based on simplistic relations to overall GDP trends. However, the Maricasts approach is to look at long term data, taking into account the impact of both gradual and sudden structural changes in economies, as well as the more complex relationship between cargo volumes and different economic sectors.
Adding a new dimension and significant enhancement to traffic forecasting, the model also takes into account infrastructural and industry developments that are known to be occurring, or can reasonably be expected to develop, over the forecast period.
Further, it can be used to predict all traffic, either at the cargo-type level (container, dry bulk, liquid bulk and general cargo) or at the commodity specific level. It can, for example, be used to forecast volumes of coal, iron ore, crude oil or refined product traffic through a port, country or region.
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