HarborLab launches new AI-powered disbursement agent tool
Athens-based maritime technology company HarborLab has launched a new AI-powered feature designed to optimise Disbursement Account (DA) analysis and streamline port expense management. This latest innovation, known as HL AI, is part of the company’s drive to fully integrating artificial intelligence (AI) into its entire platform ecosystem helping shipowners and operators unlock efficiency and major cost savings in daily vessel operations.
With the launch of HL AI, DA verification and approval workflows is enhanced by offering the ability to operators to see and understand how each port expense charged in a DA is calculated in greater detail, backed by HarborLab’s algorithmic insights and access to real-time port tariff data. In addition, HL AI can instantly translate all tariff documents to eliminate potential language barriers, making it easier to understand official port information in English.
HL AI can also automatically generate AI-powered email responses for expense discrepancies to accelerate negotiations. Moreover, HarborLab’s AI Agent is continuously learning and evolving as users adapt to the platform to ensure the system’s level of accuracy remains at the forefront of the wider HarborLab system.
“More than $130 billion is spent globally across the industry every year on port expenses, yet many shipping companies still struggle with a traditionally opaque and time-consuming process of port cost management,” said Antonis Malaxianakis, CEO and Founder of HarborLab. “With HL AI we are eliminating inefficiencies and tripling the DA review capacity of industry players, ultimately giving them greater control over their financial operations.
“Crucially, HL AI is the latest step in our goal towards a fully autonomous DA management process by showcasing the power of AI in the world of commercial shipping,” he added. “At present, a single HarborLab user can oversee more than 1,000 port calls per year so this latest move will enable our users to be much more efficient when it comes to DA verification and handling.”
Beyond port cost optimisation, HarborLab is steadily growing into a comprehensive end-to-end port call management platform. From accurate cost management and instant access to port insights to standardising event reporting for seamless laytime and demurrage calculations, and streamlining payments, claims, and cost validation with effortless scalability, HarborLab is moving closer to becoming the ultimate one-stop platform for port call management — delivering smarter, seamless, and more transparent operations for the entire maritime ecosystem.
HarborLab points out that its representatives will be present at this week’s Singapore Maritime Week to showcase the power and benefits of HL AI, alongside its range of award-winning software for principals, vendors and agents