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Industry leaders lead the way to safer seas

Posted on June 16, 2022 4:24 PM by

The Maritime Executive

Posidonia 2022 saw key players in the maritime industry share their ideas on the role of data in security. Representatives from classification societies, shipping lines, P&I clubs and suppliers joined the HiLo panel on “Using Data and Analytics to Prevent Maritime Incidents”.

Panelists included:

Mark Warner, Lloyd’s Register; George Kouloukas, Gaslog; Stuart Edmonton, UK P&I; Andy Cross, HiLo Marine Risk Management.

What is the value of data?

As George Kouloukas says, “Data is the bone marrow of our business”. It forms the core of daily work in the maritime industry. By working together to make the most of data, we can identify and fill gaps in our knowledge, which fundamentally improves the safety of seafarers. Quite simply, as Stuart Edmonston says, “data is something to be shared “.

Data is the key to moving from reactive to proactive. Gaslog uses its data to see where maritime incidents are likely to occur in the future, giving them the ability to prevent, rather than mitigate, problems.

The future lies in technology

LR’s Mark Warner spoke about his innovative vision for the future – it’s all about technology. Artificial intelligence, machine learning and wearable technology will all play a role in the future of classification societies. However, he stresses the need for collaboration to get the most out of these technologies – not duplicating work, but ensuring that information is available where and when it is needed.

Have we solved the problem of standardization?

Andy Cross pointed out the difficulty of standardizing terminology within the maritime industry. Data sent to HiLo by shipping companies includes over 500 different names for the same issues. The key, he says, is to ensure that everyone speaks the same language, because only after data standardization can we act effectively.

As we advance in technology, says Andy, the temptation to fill more and more “miscellaneous” data files is a death sentence for standardization.

The volume of data is not the problem. George Kouloukas noted that the industry has millions of records. However, standardization of format and content is essential to get the most out of this information.

The importance of trust

Trust is the keystone of maritime unity. Stuart Edmonston spoke about the trust P&I Clubs need to place in shipping companies to act where needed. The UK P&I can provide the resources, but it is up to the mariners to make the necessary changes. The key is for us to collaborate, both inside and outside organizations.

The journey to a connected industry starts here.

The products and services described in this press release are not endorsed by The Maritime Executive.