During the Capital Link Cyprus Shipping Forum, Dimitris Vastarouchas, CEO of Danaos Corporation, highlighted the critical role of artificial intelligence (AI) in modern shipping operations. He discussed how AI can significantly improve the efficiency of vessels by analyzing data to optimize fuel consumption and overall performance. Additionally, AI plays a vital role in predictive maintenance, which helps reduce malfunctions and unexpected delays in shipping operations.

Vastarouchas also pointed out that intelligent systems can enhance commercial decision-making by providing better risk assessment and market evaluation. This capability allows shipping companies to respond more effectively to changes in the market and operational conditions. As the shipping industry evolves, the integration of AI is becoming increasingly relevant for improving operations and optimizing resources.

However, Vastarouchas emphasized that for Danaos, the adoption of AI is not an end in itself, but rather a strategic choice that requires a strong database foundation, governance, compliance, and clear return on investment. This approach ensures that the implementation of AI technologies aligns with the company's overall business strategy and delivers tangible benefits to its operations.