• 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.




2018 June 22

11:49 IMO regional workshop to address the impacts of fouling
11:25 Ukraine’s water transport carried 0.1 million passengers in 5M’18, up 17.3%, Y-o-Y
11:03 Ulstein announces naming of the Acta Auriga
10:28 “M/V “VASILIY TATISCHEV ” with IMO number 8885157 refused access to the Paris MoU region for the second time
10:21 Brent Crude futures price up 1.15% to $73.79, Light Sweet Crude – up 1.25% to $66.36
10:00 Cargo transportation by Ukraine’s water transport fell by 10.5% to 1.5 million tonnes in 5M’18
09:38 Yevgeny Pankratov appointed as Director of FSUE Rosmorport’s Sakhalin Branch
09:19 Baltic Dry Index down to 1,347 points

2018 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy
14:24 Small icebreakers of Project 22740 can be converted to run on LNG
14:05 Cheniere Energy and Cheniere Energy Partners announce definitive merger agreement
13:13 ABB brings efficiency and sustainability through system integration to two new Indian ferries
12:39 Dredging works commenced at the port of Ust-Luga
12:01 ABP Southampton publishes Air Quality Strategy with package of commitments
11:20 Bunker prices are down up at the port of Novorossiysk, Russia (graph)
11:01 Crowley adds 40 ISO tanks
10:45 Yaroslavsky Shipbuilding Plant completed the series of six boom-laying boats
10:31 GTT receives an order from Hyundai Heavy Industries to design the tanks of a new LNG carrier
10:22 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:05 Euroports increases pulp & paper warehousing capacity in Tarragona, Spain
10:00 RF Government expands the list of publicly funded projects in seaports and on IWW of Russia
09:37 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,419 points

2018 June 19

18:06 100 million dollars to link the Nile with Suez Canal Region
17:03 DNV GL partners with the EU and Government of India to bring offshore wind to the Indian market
16:32 CMA CGM deploys its innovative solution for containers tracking, TRAXENS by CMA CGM
16:18 APM Terminals ‘Cool port’ barge service speeds up distribution from Rotterdam
16:02 Multraship acquires an ASD Tug from Med Marine for Terneuzen operations