• 2018 June 7 13:58

    Posidonia 2018 experts say shipping lags behind in new tech adoption, but change is inevitable

    Digital Transformation in Shipping Industry Digitalization, cyber technologies, autonomous mobility and artificial intelligence (AI) are the driving forces shaping tomorrow’s shipping industry today, as dozens of Internet service providers and AI specialist firms are attracting much attention this week on the exhibition floor of Posidonia 2018, the world’s most prestigious shipping event, which is hosting a total of 2,010 exhibitors from 92 countries at the Athens Metropolitan Expo till Friday 9th June.

    The evolution of shipping from the first to the third industrial revolutions, and from using wind, steam and compasses to oil and satellites, required generations of development, yet it seems that the shipping world today is faced with a revolution which is unfolding with a breakneck speed due to the accelerating advent of new technologies such as the Internet of Things and robotics.

    And as the maritime world is trying to adjust to a raft of new challenges emanating out from the regulatory frameworks imposed by the International Maritime Organisation (IMO) and the corridors of the European Commission, technology companies are always a step or two ahead providing the edge to shipping companies with the will, foresight and budgets to stay ahead of the curve.

    But how savvy and prepared are shipping companies today to embark on their digital transformation journeys as timely as other key industries?

    According to Robert Squire, Director Thales Certus, this is likely to be a long journey: “The way the shipping industry is approaching digitization is very piecemeal and very reactive. They will only request solutions for specific issues they face at any particular point in time as opposed to approaching digital transformation in a more strategic, long-term approach.  Some customers are getting more savvy and are looking for solutions, and what we are trying to advise them is that you can’t change everything all in one go because that doesn’t work.

    “Return on investment takes a long time to achieve so transformation needs to happen gradually in an intelligent way with a few quick wins to help you get there at some point in the future,” he added.

    While the pace of the adoption of new technologies in shipping is as slow as a tanker’s U-turn, the consensus in the industry is that change is inevitable and that regulatory and competition forces will be the catalysts for companies to adjust to the new realities.

    “It’s a survival issue; whoever does not adopt new digital technologies in the coming years will be left on the sidelines,” said Mike Konstantinidis, CEO, Metis Cybertechnology, a Greek company established just 15 months ago to ride on the tide of the impending digitization.

    He also notes the slow pace of digital technologies’ adoption by shipping companies worldwide.

    “The shipping sector is behind other industries in the adoption of innovative technological solutions and only recently the industry has seen a change with more companies requesting information and expressing interest in cyber technology solutions to help them reduce costs and the complexity coming from the increasing demand for the adoption of the new regulations, as well as to improve crew efficiencies and productivity.”

    Konstantinidis is upbeat that demand for digital transformation products and services will increase exponentially over the coming years as AI and machine learning solutions herald a new era in performance management in shipping.

    And as more and more shipping companies and fleets adopt digital technologies, other challenges will surface according to Thales.

    “Cybersecurity was much of a buzzword for a long time but it now has started to hit home as there are a lot of weak links out there and the more you connect your ships the more opportunities you create for people to hack you like modern pirates,” said Squire.

    But the benefits of digitalization outweigh any potential threats.

    “Shipping is an industry which relies upon connections between people and for information to be transported in accurate and timely manner, so if we can do that, it means that the industry will become better,” said Squire and he added: “Digitalization will help shipping improve both in terms of security but also in terms of operations.

    “Thales is investing heavily in digitalization on a number of pillars; from cyber security for data protection to communications to safety and security issues.”

    “The enablers are there today to create the industry change, so now it’s the case of the industry to make that investment but it needs to be done in a measured and gradual way,” Squire concluded.

    Posidonia 2018 is being held from June 4 – 8 at the Athens Metropolitan Expo. The event is organised under the auspices of the Ministry of Maritime Affairs & Insular Policy, the Union of Greek Shipowners and the Hellenic Chamber of Shipping and with the support of the Municipality of Piraeus and the Greek Shipping Co-operation Committee.




2019 January 23

18:27 Planning for 2020 IMO's sulphur cap has already started
18:13 Eagle Bulk receives commitment for a new credit facility totaling $208 million
18:02 Port of Gdansk (Poland) throughput in 2018 totaled 49.03 million tonnes, up 20.7% Y-o-Y
17:40 Andrei Malyarov elected as Chairman of Severnaya Verf shipyard's BoD
17:19 RWE files acquisition of renewables businesses of E.ON and innogy with European Commission
17:03 The Board of Directors of Fincantieri appoints a second General Manager
16:51 Ice restrictions at the port of Arkhangelsk come into effect on February 15
16:37 USCG interdicts smuggling boat with convicted criminals aboard off Florida
16:24 Regulatory issues related to operation of seaport infrastructure facilities to be discussed at the 2nd HES and Dredging Congress
16:08 First discharge of LPG from Ichthys LNG Project in Japan carried by “K” LINE’s VLGC “GRACE RIVER”
16:03 CMA CGM to launch its Med Pendulum Service (MPS)
15:46 Ice restrictions at the port of Vyborg (Leningrad Region) come into effect on February 6
15:33 Nakilat – Keppel welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
15:28 MHI Vestas achieves final turbine installation at Horns Reef 3
15:18 Rolls-Royce completes €57 million upgrade of Rauma thruster facility
15:03 NYK announces delivery of new coal carrier for Hokkaido Electric Power
14:33 Port of Oakland reports more ships than ever plugging into grid
14:20 Throughput of Port Vysotsky up 10.7% to 7.89 million tonnes in 2018
14:03 Kiel welcomes the TUI Cruises newbuilding
13:45 Admiralteiskie Verfi shipyard lays down large freezing trawler of Project СТ-192
13:27 Coast Guard’s only heavy icebreaker arrives at Antarctica
13:02 Rotterdam as a circular hub for the raw materials transition
12:58 The Russian Federation accedes to passenger compensation treaty
12:51 New initiatives to strengthen Singapore as a global maritime hub announced
12:37 SCHOTTEL presents new mechanical hybrid propulsion solution
12:04 Port of Riga cooperates with Balarusian forest industry to further increase its timber cargo volumes
11:42 15 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on January 22-23
11:16 OSG exercises option for second 204,000 barrel barge at Gunderson Marine
10:55 Maritime Security & Offshore Patrol Week 2019 to be held for the first time ever in Dubai, UAE by IQPC Middle East
10:37 N-KOM welcomes first FSRU at the Erhama Bin Jaber Al Jalahma Shipyard
10:20 Responsibilities for implementation of state programmes of the Russian Federation divided between Deputy Prime Ministers
10:06 Brent Crude futures price up 0.03% to $61.52, Light Sweet Crude – up 0.02% to $53.03
09:48 Aderco: Planning for 2020 has already started
09:43 Vympel Shipyard lays down yet another hydrographic vessel / buoy tender of Project 19910 for RF Navy
09:19 Baltic Dry Index is down to 1,036 points

2019 January 22

18:25 Elengy prepares the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030
18:05 Monjasa steps up as the 2nd largest local bunker supplier in the Panama Canal in 2018
17:54 Relampago practices skills with UAE Navy ship
17:35 CalMac takes over the tiller at Argyll Ferries
17:05 NYK gets the highest-rated ‘A’ for Climate Change by CDP Survey
16:42 RF Government proposed candidates to Novorossiysk Commercial Sea Port's BoD
16:23 Pilbara Ports Authority achieves a new record tonnage on a single tide at the Port of Port Hedland
15:56 Port of Rotterdam Authority and Rotterdam Port Promotion Council renew collaboration
15:46 ICTSI Subic hits milestone 200,000th TEU move
15:44 Growth seen in several sectors at ABP South Wales
15:28 KONTUR SPb ERT unit’s drills get thumbs up from Rosmorrechflot’s certification commission
15:22 First ship viaVerbrugge Terminals’ new permanent shipping line with South America docks in North Sea Port
15:00 Meyer Turku delivers New Mein Schiff 2 to TUI Cruises in Kiel
14:41 Jotun looks into expansion of ship coatings production in Russia
14:32 HHLA completes expansion of the container rail terminal Burchardkai
14:19 Bunker prices are flat at the Far East ports of Russia (graph)
14:02 North Queensland Bulk Ports Corporation opens the Port of Mackay for new bulk material trades
13:32 China Navigation to acquire the bulk shipping activities of Hamburg Süd
13:22 14 crewmembers of gas carriers which caught fire in the Kerch Strait confirmed dead, five missing
13:15 Fincantieri to build LCS 31 for US Navy
12:53 Gdynia, Poland to host Transport Week 2019 on March 5-7
12:31 MOL moves to establish 'Asahi MOL Tankers' for pool operation of MR Product Tankers
12:14 DFDS expands cooperation with Turkish Ekol Logistics
11:45 ABP invests £2.2 million in new agribulk terminal at Port of Ayr
11:17 BIMCO: only international action will stop increase in piracy