Subscribe to our Mailing Lists (It's free!)
Tuesday, January 31, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    ship finance in Europe

    ECSA: EU makes positive step for competitive ship finance

    amsa compliance strategy

    AMSA: 6 key elements for compliance strategy

    flare explosion

    Lessons learned: Fatality after flare explosion

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    how to fall asleep

    6 tips to help you fall asleep when you wake up at night

    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    osm gcmd

    OSM: First Greek ship owner and manager to join GCMD as centre-level partner

    houlder shell

    Houlder completes liquid hydrogen vessel design for Shell

    green shipping south africa

    IMO supports opportunities for green shipping in South Africa

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    black sea mou cic stcw

    Black Sea MoU: Preliminary results of CIC on STCW

    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    bsm all aboard alliance

    BSM joins All-Aboard Alliance to enhance DEI efforts

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    ship finance in Europe

    ECSA: EU makes positive step for competitive ship finance

    amsa compliance strategy

    AMSA: 6 key elements for compliance strategy

    flare explosion

    Lessons learned: Fatality after flare explosion

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    how to fall asleep

    6 tips to help you fall asleep when you wake up at night

    psychotherapy

    Working in business? How psychotherapy can be a life-changing experience

    sexual health

    Sexual health important to overall wellbeing: Key considerations

    Meditation

    What happens when you meditate daily: 10+1 benefits

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    osm gcmd

    OSM: First Greek ship owner and manager to join GCMD as centre-level partner

    houlder shell

    Houlder completes liquid hydrogen vessel design for Shell

    green shipping south africa

    IMO supports opportunities for green shipping in South Africa

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

    pil lloyds register

    LR to help PIL reduce emissions through digitalization

    nyk ghelia autonomous ships

    NYK, Ghelia to collaborate on autonomous ships development

    allianz cyber risks

    Allianz: Cyber risks the most important risk globally

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
    black sea mou cic stcw

    Black Sea MoU: Preliminary results of CIC on STCW

    Keppel Offshore fines

    Keppel Offshore & Marine pays $65m in fines after corruption case

    fmc delay and disruption claims

    FMC: Increase in “Delay and Disruption” claims

    crew jail illegal sell of marine gas oil

    Singapore: 11 crew jailed due to Illegal sale of marine gas oil

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    abandonment of seafarers

    What can be done about the plight of abandoned seafarers

    bsm all aboard alliance

    BSM joins All-Aboard Alliance to enhance DEI efforts

    mabanaft hapag lloyd

    Hapag-Lloyd, Mabanaft to supply ammonia to Germany and US ports

    portsmouth port

    Portsmouth Port: New project to decarbonize cost-effectively

  • Columns
    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Maritime Just Transition Task Force: Engaging industry in social dialogue

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: Sinikka Hartonen, One Sea Association

    Career Paths: David Tournay, Maritime Skills Alliance

    Career Paths: David Tournay, Maritime Skills Alliance

    Trending Tags

    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

LR report: AI integration in autonomous shipping will deliver immense value

by The Editorial Team
April 26, 2022
in Smart
ai in autonomous shipping

Credit: LR

FacebookTwitterEmailLinkedin

Lloyd’s Register’s (LR) Maritime Performance Services (MPS) business published a report on the state of digital transformation through artificial intelligence and machine learning in the maritime industry.

AI in maritime

The new report: ‘Artificial Intelligence in Maritime – a learning curve’, produced in collaboration with maritime innovation consultancy Thetius, highlights the potential of this critical technology for giving maritime companies a performance edge.

The research indicates that the maritime industry will spend $931 million this year on artificial intelligence solutions. This is forecast to more than double in the next five years to $2.7 billion as AI technology is more readily used in autonomous shipping, navigational support systems, and vessel performance optimisation solutions.

Artificial Intelligence is a transformational technology that will allow maritime companies across the maritime asset value chain to not only get ahead of the market but accelerate their digital transformation and meet the challenges of the upcoming energy transition

Andy McKeran, LR’s Maritime Performance Services Business Director, said.

RelatedNews

Portsmouth Port: New project to decarbonize cost-effectively

LR to help PIL reduce emissions through digitalization

This rapid growth is driven in part by investment into the sector. In the last 12 months, $331 million USD has been invested in startups and SMEs developing AI solutions for the maritime sector, with a further $43 million in grant funding being awarded to develop the technology for the maritime sector around the world.

GET THE SAFETY4SEA IN YOUR INBOX!

In addition, the use cases for AI in the maritime industry are wide ranging. They include supporting the operation of vessels through systems that can support autonomous navigation or voyage optimisation.

They also include systems that can support the maintenance and monitoring of vessels including equipment health management, working alongside and supporting remote engineers, supporting safety data analysis, and the virtual commissioning of systems and equipment.

Moreover, the report notes that ship operators who want to adopt artificial intelligence systems need to understand that the core premise that this technology is built on top of is learning from failure.

AI has the potential to revolutionise maritime operations and create significant competitive advantages for those companies that embrace it. But the pathways to adoption are not straightforward

Recommendations

#1 Work with the right data

The first step to using AI effectively is to work with the right data. Some data sets can be bought, such as weather, maritime traffic, or trade volumes. But data that is unique to a particular fleet, such as fuel consumption, will need to be collected, stored and made accessible.

#2 Buy don’t build

A question that faces any team on the path to adopting artificial intelligence is whether to build systems from scratch, or whether to buy them from third party service providers. The reality is that the best approach will require a combination of both, but for the vast majority of ship operators, it will be far cheaper and
easier to buy access to the right algorithms, data sets, or functions to make the system genuinely valuable to the team that needs it.

#3 Leverage expertise

Though it is always preferable to build the right skillset in an in-house team, it is also possible to leverage the expertise of third parties.

#4 Create a safe testing environment

This could be by using a digital twin as a simulation environment for experimental systems, or it could be by having a designated ship to act as a Beta tester for systems that are being applied in the real world.

‘Readiness Assessment’ tool

In addition to the report, LR also launched its interactive ‘Readiness Assessment’ tool to help maritime stakeholders evaluate their ability to manage the significant sustainability challenges facing the maritime industry by scoring their activities around the energy transition, digital transformation, efficiency and performance, cost saving, risk mitigation as well as their ability to make smart business decisions.

EXPLORE MORE AT LR’S REPORT ON AI

Tags: AIautomationautonomous shipsdigitalizationLRmachine learningreports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

how to fall asleep

6 tips to help you fall asleep when you wake up at night

January 31, 2023
abandonment of seafarers

What can be done about the plight of abandoned seafarers

January 31, 2023

SEAFiT Poll

What is the biggest obstacle for the social life onboard?

MARITIME EVENTS

Explore

  • Safety
  • Green
  • Smart
  • Risk
  • Others
  • Events
  • Plus

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

RISK4SEA Facts

Did you know that age matters for 2020? 170% more on the Detention Rate for Bulk Carriers 6-10 yo vs. 2019 in the USA.

Learn more risk4sea.com

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Alerts
    • Accidents
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Career Paths
    • Industry Voices
    • Maripedia
    • Maritime History
    • Seafarers Stories
    • SeaSense
  • Events
  • Plus

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.