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Artificial Intelligence in Ship Finance: Applications, Opportunities, and a Case Study in AI-Augmented Loan Origination

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  • Lasse Dierich
  • Orestis Schinas

Abstract

Ship finance is a data-intensive and document-heavy segment of asset-based lending, requiring the integration of financial, technical, contractual, and regulatory information from heterogeneous and largely unstructured sources. Increasing environmental regulation and ESG reporting requirements are adding further complexity to underwriting and loan-origination processes. Recent advances in artificial intelligence (AI), particularly large language models (LLMs), create new opportunities for processing and analysing such information. This paper reviews potential applications of AI in ship finance, with a particular focus on LLM-based systems for document comprehension, information extraction, and workflow automation. We present ShipFinance.ai, a modular agentic architecture to support loan application workflows in ship finance. The proposed system combines an LLM-based extraction module, financial analysis components, external maritime data services, and a controlled document-generation module with a chatbot interface to support the preparation of standardized financing applications. The paper discusses the key challenges for using such models in production. We argue that AI-assisted systems can support maritime finance professionals in managing increasingly complex information and reporting requirements.

Suggested Citation

  • Lasse Dierich & Orestis Schinas, 2026. "Artificial Intelligence in Ship Finance: Applications, Opportunities, and a Case Study in AI-Augmented Loan Origination," Papers 2606.11238, arXiv.org, revised Jun 2026.
    • Handle: RePEc:arx:papers:2606.11238
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    References listed on IDEAS

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    1. Gil Cohen, 2022. "Algorithmic Trading and Financial Forecasting Using Advanced Artificial Intelligence Methodologies," Mathematics, MDPI, vol. 10(18), pages 1-13, September.
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    3. Hongyang Yang & Xiao-Yang Liu & Christina Dan Wang, 2023. "FinGPT: Open-Source Financial Large Language Models," Papers 2306.06031, arXiv.org, revised Nov 2025.
    4. Dimitris Gavalas & Theodore Syriopoulos, 2015. "An integrated credit rating and loan quality model: application to bank shipping finance," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(6), pages 533-554, August.
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