Maritime Thought Leadership: Christopher J. Wiernicki, ABS
The maritime industry has been challenged, to say the least. Today, where do you see challenge? Where do you see opportunity?It’s clear our business environment continues to change and we have a new definition of what normal means: nothing is normal. We are in era of rapid, disruptive and impactful change.The coming years will bring further turbulence, shaking out our industry and setting the course for the next 20 years and beyond. Market cycles will continue to evolve and will be impacted differently than they are today.For example…
Transas to Promote Fleet Efficiency for Wilson Ship Management
Transas said it booked an order in Q1 2018 with the Norway-based fleet operator Wilson ASA to supply a Fleet Operations Solution (FOS) including onboard navigational and communication components to provide enhanced connectivity for business communications and crew services, and access to fleet data from shore-based locations for complete situational awareness.For Transas, which was acquired by Wärtsilä in May 2018, the contract marks one of the first applications of the Thesis concept within Wärtsilä’s Smart Marine Ecosystem vision, which uses high levels of connectivity and digitalization.
Maritime Thought Leadership: Remi Eriksen, DNV GL
Remi Eriksen, Group President and CEO of DNV GL, has been on the job for nearly three years, taking over at arguably one of the more challenging and pivotal times in maritime history. We met with Eriksen recently in Athens, Greece, for his insights on the markets and DNV GL’s position going forward.While Remi Eriksen’s tenure at the top of DNV GL has coincided almost perfectly with one of the maritime industry’s deepest and longest slumps, he said that there is the proverbial light at the end of the tunnel, with a small pick up in shipbuilding year-on-year since 2016.
Ship Performance Has a 80/20 Rule
The shipping industry risks investing billions of dollars on vessel optimization services that fail to deliver on overall operational efficiency and performance due to a lack of understanding and appreciation of weather which accounts for 80 percent of the impact on vessel performance warns voyage intelligence and insight specialist StratumFive.As vessel performance optimization becomes increasingly more sophisticated, ship owners and operators have access to a far broader range of technologies, datasets and potential avenues for optimization than ever before.
Samsung Heavy Industries Builds Smart Ship On AWS Platform
Amazon Web Services (AWS), an Amazon.com company, announced that Samsung Heavy Industries (SHI) selected AWS as its preferred cloud provider to support its digital transformation.Samsung Heavy Industries is turning to AWS’s expansive infrastructure, unmatched performance, scalability, and industry-leading services to gain competitive advantage in the smart shipping industry.Samsung Heavy Industries leaves the heavy lifting of its infrastructure to AWS, the world’s leading cloud…
Norway Expands AI Lab
Norway has a huge potential to be a pioneer in Artificial Intelligence (AI), but it needs resources and collaboration in order not to lag behind.To strengthen national efforts on artificial intelligence, Telenor, NTNU and SINTEF are inviting Norwegian businesses to partner on the new Norwegian Open AI Lab. Additional partners will include DNB, DNV GL, Equinor, and the Kongsberg Group.While the Norwegian Open AI Lab will develop solutions specific to the partners’ industries, it will also consider opportunities where Norway can take positions internationally.
DNV GL on Use of AI in Oil and Gas
As artificial intelligence (AI) systems begin to control safety-critical infrastructure across a growing number of industries, the need to ensure safe use of AI in systems has become a top priority.DNV GL has launched a position paper to provide guidance on responsible use of AI. The paper asserts that data-driven models alone may not be sufficient to ensure safety and calling for a combination of data and causal models to mitigate risk.Entitled AI + Safety, the position paper…
MOL Readies for ICT-based Trends in Advanced Digitalization
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a technology consulting agreement with Yokohama National University Professor Tomoharu Naga, a creator of the next-generation AI advanced machine learning and the percolative learning method.A press release from the maritime company said that MOL aims to become a "corporate group of competitive No.1 businesses," under the "Vision for the MOL Group 10 years from now" set out in the "Rolling Plan 2018" management plan…
Rolls-Royce Health Management Solutions to Harness Power of Data
Rolls-Royce continues to develop its ship intelligence offerings to the market, and now introduces a pioneering new solution for Health Management of ship equipment.The technology is aimed at elevating the way in which customers manage and maintain the equipment and systems onboard their ships.Health Management is designed to provide ship operators with an unsurpassed level of understanding of the operational health and performance of all the machinery installations onboard.Developed by the Ship Intelligence team at Rolls-Royce…
Naval Dome Call on Insurers to Revoke Clause CL 380
Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems.Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference, Naval Dome CEO Itai Sela said that with the maritime industry increasingly moving towards connected, cloud-based technologies and autonomous operation, a 15-year-old Clause that excludes damage to computer systems…
MOL Trials Intelligent Awareness Technology
The capacity for Intelligent Awareness and machine learning technologies to significantly improve navigational safety has been verified by Rolls-Royce and Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL), following the success of a pilot project aboard a 165m passenger ferry, Sunflower Gold.Results from sea trials on the vessel, which operates night-time sailings between Kobe and Oita, Japan, found that the navigating officers were able to visually detect objects that would otherwise have been cloaked by the blackness of night.The vessel navigates the Akashi Kaikyo…
Shell to Deploy AI Applications
Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation on a global scale.By deploying the C3 IoT Platform globally on Microsoft Azure, Shell expects to realize substantial economic value by rapidly scaling and replicating AI and machine learning applications across its upstream and downstream businesses and by improving operating performance, with an emphasis on health…
Navigating the New Norm
It is not business as usual in the world where we do business. Things are changing. Even regulations themselves are changing from less prescriptive in nature to more performance-based. As Chairman, President and CEO of a global classification and technology-centric company that operates in 70 countries with 5,000 employees, I am continually assessing the impact of these changes on the capabilities ABS needs to fulfill its mission and maintain its leadership position in the maritime, offshore and government industries it serves. To know where we are heading, we have to know where we began.
Transas A-Suite brings AI to maritime to reduce human error
Transas has launched its first package of applications built on THESIS, a unified cloud-based platform for managing operations across the full breadth of the maritime ecosystem. The advanced ‘A-Suite’ package also sets a new precedent by utilizing the latest in machine learning techniques to reduce the potential for human errors on the bridge or poor decisions elsewhere in the vessel operational chain. In addition to the officers and crew working on board ships, the benefits of…
Driving the Digital Ecosystem
As one of the most important megatrends this decade, digitalization is already moving beyond the concept of connectivity and data gathering towards a greater and more integrated future where the entire industry coexists as one digital ecosystem. As this vision becomes a reality, we will see a new era of partnerships, knowledge sharing, and AI-led practices. Disruptive technologies and ground-breaking projects have begun to transform the maritime landscape, and the opportunities…
NileDutch Implements Transmetrics Predictive Optimisation Software
In order to streamline our empty container flows and increase efficiency, NileDutch has started working with Transmetrics of Bulgaria, a tech startup that provides predictive logistics solutions. Transmetrics already has extensive experience in demand forecasting and predictive optimisation for the cargo transport industry, and as a result of this collaboration with NileDutch, it will also launch its new product, AssetMetrics. “With machine learning and intelligent algorithms we want to revolutionise how empty container handling and relocation is organised.
New Condition & Performance Monitoring Application for Maritime
Arundo Analytics, a software company enabling advanced analytics in heavy industry, announced yesterday the Arundo Condition & Performance Monitoring application (CPM) for industrial equipment. Arundo CPM is a configurable machine learning application built and delivered via the Arundo Enterprise platform. Arundo’s CPM software greatly enhances the ability of marine vessel owners, operators, and equipment vendors to increase revenue, reduce costs and mitigate risks, based on the latest advances in sensor technology, edge computing, cloud software and machine learning.
BMT Rolls Out New Big Data Product: BMT Deep
BMT has introduced BMT Deep, an advanced interactive asset data platform designed to deliver deeper insights for enhanced offshore asset performance management. “With 20+ years practical experience of working with marine structures, we have developed a platform that can monitor, review or forecast the performance of offshore assets,” said Soma Maroju, Product Development Lead for BMT Deep. “Using AI and machine learning we have been able to build advanced models that reinforce the platform’s capabilities.
Wärtsilä acquires Transas
Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within a global maritime company in delivering its solutions, bringing scale and value to the industry in need of innovation leadership. Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital solutions and electronic charts.
ASV Global, BMT Team-up for Autonomous Navigation Project
ASV Global (ASV) is leading a new £1.2 million research project in partnership with BMT to enhance the safety and reliability of autonomous navigation. The project team will use deep learning machine vision systems trained with a combination of simulated and real world data. Part funded by Innovate UK, the UK’s innovation agency, this project will enhance situational awareness enabling the USV to operate in extreme and congested marine environments. The Synthetic Imagery training for Machine Vision in Extreme Environments (SIMVEE) project will build upon ASV’s existing…
OOCL Partners with Microsoft for AI Project
Hong Kong-based shipping company Orient Overseas Container Line Limited (OOCL) has partnered with Microsoft’s research arm to improve network operations and achieve efficiencies within the shipping industry through applied Artificial Intelligence (AI) research.The partnership, between OOCL and Microsoft Research Asia (MSRA), will apply deep learning research to shipping network operations with a projected $10 million annual operational cost saving. The collaboration is also expected to nurture over 200 AI developers over the next 12 months.“With MSRA’s efforts and expertise…
OSM Developing High-tech Operations Center
Ship management firm OSM said it is in the final stages of completing a Singapore-based Maritime Operations Center that will help transform decision-making, efficiency and performance for its global customer base.The facility, developed in partnership with Singapore based analytics company Azendian Solutions, will initially allow OSM to connect all its data sources around the world. In the near future, the operations center will not only be the main pillar of OSM’s Technical Management offerings…
Wärtsilä’s Acquisition of Transas is Completed
The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company will be transferred to Wärtsilä effective from 4 May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value). Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. It is also a leader in professional training and simulation services, as well as ship traffic control systems.