RightShip Selects IBM to Deliver Risk Management System

Monday, July 29, 2013

RightShip announced the appointment of IBM to realize the potential of Big Data within its Ship Vetting Information System (SVIS) to deliver the most sophisticated, enterprise-ready risk management system available to the maritime industry. IBM’s advanced predictive analytics and real-time reporting will give RightShip customers instant access to its wealth of information and allow them to undertake extremely accurate risk forecasting. Dubbed SVIS 2.0, the system will be launched in the first quarter of calendar 2014.  

Commenting on the announcement, Warwick Norman, Chief Executive Officer, RightShip said, “Risk management in the maritime industry is paramount. In today’s business environment, marine industry operators must be able to efficiently and cost effectively assess the suitability of a nominated vessel. RightShip is the first vetting company to harness the power of Big Data and predictive analytics will bring a new dimension to our risk management system, including deeper and exciting customer insights."

Norman added, “Charterers will be better able to predict a vessel’s performance, while seamlessly considering emerging risk factors. A terminal will benefit from a more bespoke service and ensure physical vessel fit. A ship owner can benchmark its fleet in real time with tremendous accuracy and access more insightful measurement techniques. Banks and insurers can integrate our data with in-house systems to more precisely quantify risk.”

Powered by IBM’s Cognos Business Intelligence and SPSS Predictive Analytics software, SVIS 2.0 will allow analysis of vastly more maritime data in a fraction of the time.

Alan Morgan, Business Analytics Software Sales Manager, IBM Australia said, "In order to continue to be an industry leader in maritime risk and safety, RightShip was looking to transform their systems to deliver greater information access to its customers, enhancing their level of service. IBM's expertise in business analytics is a key component of that vision. The integrated IBM solution offers RightShip an agile, scalable and flexible means through which a smarter analytics approach can assist them in their ongoing growth as a leader in the maritime industry.”

SVIS 2.0  will be designed and optimised for smart phones and tablets and RightShip has appointed international design specialist, Reactive, to deliver an improved user experience by simplifying and enhancing the system interface. The project will be led by Bryan Guenther, who joined RightShip in February 2013 and was responsible for the design, development and implementation of BP Shipping’s vetting system called iMAS. RightShip has also employed an experienced marine risk modeller to continue to refine its risk algorithms and evaluate new and existing risk factors.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Search for Ship Lost in Hurricane a Big Challenge

Deep seas may complicate efforts to find the sunken U.S. cargo ship lost off the Bahamas during Hurricane Joaquin, a federal safety investigator said, as a search

USCG Search for Missing Crew of El Faro

Coast Guard search and rescue crews continue searching for possible survivors from the cargo ship El Faro Monday night, covering a total search area of more than 160,574 square nautical miles.

Northern Fleet to Conduct Anti-terrorist Exercises

The sailors of the Northern Fleet will conduct anti-terrorism exercises at Novaya Zemlya. During the exercise, the coast will be a landing. The landing will


MECNW Appoints New CEO

Terry Weston has been confirmed as Chief Executive of Maritime and Engineering College North West (MECNW) following the retirement of his predecessor, Jim Teasdale, at the end of September.

MacGregor's Deck Machinery for Sentinel Marine ERRV

MacGregor, part of Cargotec, will supply deck machinery for a new 65m emergency rescue & response vessel (ERRV) for Sentinel Marine. The ship has been designed

Maersk to Install Inmarsat's Entertainment Service

The leading provider of global mobile satellite communications services, today announced that Maersk Tankers, the owner and operator of one of the world’s largest fleets of product tankers,

Software Solutions

MN 100: FloScan Instruments, Inc.

The Company: FloScan is a Seattle-based corporation that designs and manufactures its products in the United States. With worldwide sales at an all-time high,

SSI to Present Welding & 3D Model Papers at ICCAS

"Intuitive Weld Management" and "Innovative methods for leveraging a 3D model" are two of the white papers that representatives from CAD/CAM developer SSI will

SubM Debut Now Set for February 2016

Outsourcing, E-Solutions Help Mariners “Say What You Mean, Mean What You Say, and Prove it.” The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016.

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1912 sec (5 req/sec)