Digitization in Shipping

[ombugge]

The commercial side of shipping is not digitalizing as fast as the rest of the business world:

Three reasons why shipping transactions have not yet been digitalised -...

The shipping industry is an intricate web of interconnected entities, including shipowners, charterers, brokers, lawyers, banks, ship registries, and more. Each stakeholder operates within its own set of processes, protocols, and legacy systems. The sheer complexity of this ecosystem makes it challenging to implement a unified digital platform that accommodates the diverse needs and systems of all stakeholders.

Although the obstacles to digitalisation are many, significant strides have been made over the last few years. My distinct impression after many discussions with industry people is that decision-makers previously asked themselves whether they needed new digital tools. Now industry stakeholders simply ask which tools they should start using.

[powerabout]

its complex so the beneficial owners cant get charged

[tugsailor]

Certainly, digitalization is key for logistics.

Undoubtedly, there will be more digitalization for much more micromanagement from shore.

[ombugge]

Singapore to host digital ship identity trials - Splash247

During the ongoing Singapore Maritime Week, the Maritime & Port Authority (MPA) of Singapore has agreed to host the so-called Marine Vessel Pass (MVP) trials.
S&P Global Market Intelligence manages the International Maritime Organization (IMO) database of unique identification numbers that all vessels are assigned and has been working with Bunkerchain for a number of years developing the MVP.

[ombugge]

More from Torgeir Willumsen on the digitalization of Shipping:

Three approaches to making shipping transactions more digital - Splash247

When introducing digital technologies in a conservative industry which is “asset heavy and people light” with many established business and work practices, it is essential to consider the human factor and innovate accordingly. People are generally resistant to change and introducing digital innovations that require too much change too soon, will result in an uphill struggle.
All of this might seem challenging, and it is. But entrepreneurs should be encouraged by the fact that if digitalisation was easy, everyone would be doing it already.

[powerabout]

Singapore already doing digital port clearance with certain countries, did a trip from Vietnam, no documents issued to leave, none expected in Singapore.

[ombugge]

Here is the MPA presentation of the DigitalPORT system implemented for ships entry in the Port of Singapore:

digitalPORT@SG™

IMO press breafing re: Maritime Single Window:
https://www.imo.org/en/MediaCentre/PressBriefings/Pages/Maritime-Single-Window-advancing-digitalization-in-shipping.aspx#

[ombugge]

Digitalisation’s role in improving vessel and crew optimisation comes under...

Knut Orbeck-Nilssen, CEO of Maritime at DNV said shipping had to invest in digitalisation to get the right result but that these results don’t come immediately, something which can hold back shipowners with ambitions to decarbonise. “We have to work on different things such as energy efficiency which can make vessel operation more complicated. Which is why we need digital solutions,” he said.

Understanding how our crew relates to these digital optimisation tools can make a difference, he said. There are lots of gains to be had in using digitalisation, but we also need to manage the cyber threats, he warned.

[ombugge]

Is shipping getting big data wrong? - Splash247

Making data actionable: Context, value, and measuring ROI  - Splash247

[ombugge]

Next step is AI in shipping:

Why AI is perfect for maritime operations - Splash247

Benefits from the use of AI that are often cited:

• Automation of repetitive tasks.
• More and faster insight from data.
• Enhanced decision-making.
• Fewer human errors.
• 24×7 availability.
• Reduced physical risks.
  When you consider these points it is easy to see how AI has the power to disrupt the maritime operations model. It is like these benefits are aimed at the industry.

PS> Do you agree with the last?

[powerabout]

ai is all based on historical data, if it could do better routing then lots of govs have wasted lots of money on some of the largest computer installations in the world