Steel-cutting and nesting software developed by two professors from SUTD and MIT in partnership with Marine Nexus
A maritime tech partnership: Marine Nexus CEO Eric Chean (third from right) and SwifNest Project Director Professor Chen Lujie (second from left) shaking hands after the signing of the commercialization partnership deal.
SINGAPORE: Online shipping platform Marine Nexus Pte Ltd has signed a partnership with innovative tech software SwifNest to extend new nesting technology to Marine Nexus’ digital network of global cliental.
The partnership echoes the recent rise in tech evolution and digitization of the global maritime industry, with emphasis being placed on the adoption of new technology-driven models, data sharing and collaboration.
SwifNest is a nesting software designed to help companies increase the efficiency of the metal cutting process in shipping building and repair. It was first discovered at the Massachusetts Institute of Technology (MIT) and later developed at the Singapore University of Technology and Design (SUTD). The software was developed by Assistant Professor Chen Lujie from SUTD and Assistant Professor Larry Sass from MIT. Marine Nexus is a global digital marketplace where there are now thousands of maritime buyers and sellers actively using.
Eric Chean, the CEO of Marine Nexus shared “we are very honoured that we were considered to be partners with Swifnest. Marine Nexus has always believed in the power of digital technology to add value to the maritime industry and what Swifnest has achieved shows this very clearly. We believe the shipyards and shipbuilders using our platform would find the use of Swifnest will greatly enhance the productivity of their steel cutting processes.”
Assistant Professor Chen Lujie as shared similar sentiments. “We are very happy to be working with Marine Nexus as they represent the new wave of maritime technology evolution. The maritime industry is very behind in terms of digital technology adoption and without the help of Marine Nexus, we would not be able to as effectively penetrate into the maritime sector. We look forward to having a long and fulfilling relationship with Marine Nexus going forward.”
How Swifnest improves physical production is that the software uses a novel residual-space-maximized algorithm to perform large-scale automatic nesting while maximizing material use. Companies can also track and manage materials such as clutter consumables and remnant plates to increase overall productivity and reduce waste.
At present, SwifNest has launched trial projects at Sembcorp Marine Singapore and several shipyards in China. The tech software is looking to expand further into the shipbuilding industry.