Shipping is highly underinvested in modern software technologies. Only 0.7% of the investments that go into new vessels go into software technologies. With rising fuel prices and operating costs leaving the industry facing ever slimmer profit margins, Germanischer Lloyd (GL) experts showed how the increased deployment of the latest maritime software systems could help to fight this trend. “Looking at ship operating costs we see a steady, rising trend,” said Dr Torsten Buessow, Vice President of GL Maritime Software, at a GL Exchange Forum held late April in Singapore. His calculations, based on an analysis of the development in operating costs of three typical ship types…