The Port of Valencia organised an online hackathon in partnership with Bemyapp from the 20th to the 27th of November 2020 to look for innovative concepts to optimize its logistics. The Iabsis team chose the challenge “Optimization of Road Transport Operations” and performed machine learning on a 600k entries data set and, with the precious support of the Cosco mentors, managed to find optimization of more than 20% combining smart estimation of ETA and double operations so that trucks don’t drive empty.
This approach managed them to get the 1st prize delivered by the General Manager en Cosco Shipping Lines Spain in an online ceremony.

About Valenciaport

The Port of Valencia is one of the leaders in the Mediterranean Sea in container transport with more than 5.4 million TEUs moved in 2019. Besides, it heads the ranking of the Top 10 Smart Ports of the Spanish port system, which reaffirms the commitment of the Port Authority of Valencia (APV) to strengthen its leadership position as a reference and strategic hub of the Mediterranean in container traffic, digitalization, innovation and transparency in the port industry and its commitment to sustainability.

The Valenciaport Hackathon is part of this ambition of the Port of Valencia to be an innovation leader, aiming to foster the development of port-city innovation clusters around the Port of Valencia. The Hackathon aims to combine new ideas, academic knowledge and talent from entrepreneurs and start-ups with the port-logistics community to enable the sustainable development of smart ports. For this reason, the port logistics community of the Port of Valencia proposes four ambitious challenges to be faced by the participants that represent an extraordinary opportunity for the port-logistics industry to transform their processes and procedures thanks to the inspiration of the innovation ecosystem, which will help them to convert their innovative ideas into concrete solutions.”