RightShip Selects IBM to Deliver Risk Management System

MarineLink.com
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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

McAllister Towing Celebrates 150 in Style

McAllister Towing hosted a dual celebration in New York City on Friday, September 19, a gala in honor of the company’s 150th anniversary and a traditional christening of the Buckley McAllister,

Navios Charters Out Newbuild MR2 Product Tanker

Navios Maritime Acquisition Corporation (Navios Acquisition), an owner and operator of tanker vessels, announced that the Nave Luminosity, a newbuilding MR2 product tanker of 49,

Training, Mentoring and Assessment On Board

Videotel has launched a new edition of its Training, Mentoring and Assessment On Board program which supports the IMO requirement for a standardization of training

Contracts

DSS Secures HOS Jones Act MPSV for Gulf ROV Work

Delta SubSea Secures U.S.-Flagged DP-2 IMR/Construction Support Vessel for Deepwater ROV Operations in the GoM. Delta SubSea, LLC (DSS) has entered into an agreement

Deep Sea Mooring Wins Contract with Repsol

Global energy company Repsol has selected Deep Sea Mooring (DSM) to provide a range of mooring services for their drilling operations on the Norwegian Continental Shelf.

India's Coal Imports Causing Port Congestion

Congestion at Paradip expected to ease in a week if rains stop; higher-than-usual congestion at some other ports too. Indian power and steel companies are importing

Software Solutions

Training, Mentoring and Assessment On Board

Videotel has launched a new edition of its Training, Mentoring and Assessment On Board program which supports the IMO requirement for a standardization of training

Teleperformance Commended by Frost & Sullivan

Based on its recent analysis of the Latin American contact center outsourcing services market, Frost & Sullivan recognizes Teleperformance with the 2014 Latin America

David Palacios is Director of Quality, Environment & Safety, SENER

The engineering and technology group SENER has brought together its Quality, Environment and Safety divisions into one unified Department. The move aims to reorganize

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1283 sec (8 req/sec)