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

People & Company News

Carnival Sails to Profit

The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28.   That

Ukraine Arrests Turkish Ship for Visiting Crimean Port

Turkey owned merchant ship flying the flag of Tuvalu was arrested by Ukrainian authorities over a visit it made to a port in Crimea, reports Reuters. The ship's captain detained.

USCG Flush Ice down River Systems to Facilitate Shipping

The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season

Contracts

JV Wins $2bln Freeport LNG Contract in US

A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural

Viking Bags Charter Deal for AHTS Brage Viking

Viking Supply Ships has entered into a contract with an Oil major for the charter of “Brage Viking” commencing 1stof April 2015. The duration is for 2 years and 8 months firm,

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

Software Solutions

3D Machining Puts Wind in the Sails

With ESPRIT CAM software, Armor Mécanique has the wind in its sails; 50% time savings, better quality and new markets thanks to 3D machining Established in 1984

DNV GL - Maritime CEO Addresses Cybersecurity at CMA 2015

“Ships and offshore structures are becoming more and more interconnected,” said Tor Svensen, CEO DNV GL - Maritime, when taking the stage at this year’s CMA

VesselVanguard wins Chris-Craft Order

Digital Boat Profile and Customer Service Portal Gives Cutting Edge Options for Vessel Management to Boat Owners Palm Beach Gardens, Fla. VesselVanguard,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.2103 sec (5 req/sec)