Subscribe to our Mailing Lists (It's free!)
Wednesday, July 6, 2022
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Lessons learned: Emphasizing the hazardous areas around a vessel reduces risks

    UK MAIB: Best practice when rigging pilot ladders

    Standard Club: Risks associated with the use of Y-splitters when carrying additional reefers

    Standard Club: Risks associated with the use of Y-splitters when carrying additional reefers

    recaap isc

    ReCAAP ISC: Two incidents of armed robbery against ships in Asia

    qingdao cleaning up of enteromorpha

    Navigation issues in Qingdao waters due to cleaning up of Enteromorpha

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

    SGMF launches guidance on rules for filling and loading LNG fuel tanks

    New  EEXI, CII requirements effective from 2023: How to revise SEEMP

    New EEXI, CII requirements effective from 2023: How to revise SEEMP

    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    world’s first LNG dual fuel Suezmax tanker

    World’s first LNG dual fuel Suezmax tanker begins operations

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    sweden ai search and rescue

    Sweden uses AI to improve search and rescue operations

    maersk tankers

    Maersk Tankers launches new tool to help ships track their emissions

    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

    imo voyage together

    Korea donates $2M to IMO for its “Voyage Together” fund

    Novorossiysk terminal

    Russian court decided to temporarily close Novorossiysk terminal

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    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
    Lessons learned: Emphasizing the hazardous areas around a vessel reduces risks

    UK MAIB: Best practice when rigging pilot ladders

    Standard Club: Risks associated with the use of Y-splitters when carrying additional reefers

    Standard Club: Risks associated with the use of Y-splitters when carrying additional reefers

    recaap isc

    ReCAAP ISC: Two incidents of armed robbery against ships in Asia

    qingdao cleaning up of enteromorpha

    Navigation issues in Qingdao waters due to cleaning up of Enteromorpha

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

    SGMF launches guidance on rules for filling and loading LNG fuel tanks

    New  EEXI, CII requirements effective from 2023: How to revise SEEMP

    New EEXI, CII requirements effective from 2023: How to revise SEEMP

    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    world’s first LNG dual fuel Suezmax tanker

    World’s first LNG dual fuel Suezmax tanker begins operations

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
    sweden ai search and rescue

    Sweden uses AI to improve search and rescue operations

    maersk tankers

    Maersk Tankers launches new tool to help ships track their emissions

    mayflower autonomous ship

    Mayflower Autonomous Ship completes transatlantic voyage

    k line ai

    K Line to use AI to protect cyber security of ship-shore communication

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Focus
    Cargo Vessel Allegedly Carrying Stolen Ukrainian Grain

    Windward: Cargo ship allegedly carrying stolen Ukrainian grain potential indicator of “more brazen Russia”

    paris mou

    2021 Paris MoU Annual Report

    one misdeclared cargo

    ONE to implement penalty fee for misdeclared cargo

    master first officer fined

    Master, First Officer to pay $75,000 for compliance breach in Great Barrier Reef

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    port of esbjerg

    Port Esbjerg to receive green hydrogen from 2023

    europe hydrogen plant

    Europe’s largest green hydrogen plant to start operations in 2025

    imo voyage together

    Korea donates $2M to IMO for its “Voyage Together” fund

    Novorossiysk terminal

    Russian court decided to temporarily close Novorossiysk terminal

  • Columns
    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    UK Chamber of Shipping: Electrification will play a key role in the industry’s decarbonization

    fire onboard

    Examining Ro-Ro/-Pax, PCTC fires

    IMO: Digitalization paves the way for smarter and greener shipping

    IMO: Digitalization paves the way for smarter and greener shipping

    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

Sweden uses AI to improve search and rescue operations

Drones help Italy improve its maritime safety and security

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: artificial intelligenceautomationautonomous shipsdigitalizationLRmachine learningreports

Leave a Reply Cancel reply

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

Recommended

lng

SGMF launches guidance on rules for filling and loading LNG fuel tanks

July 6, 2022
Lessons learned: Emphasizing the hazardous areas around a vessel reduces risks

UK MAIB: Best practice when rigging pilot ladders

July 6, 2022
MARITIME EVENTS

Newsletter

GET THE SAFETY4SEA IN YOUR INBOX!

Explore

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

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Contact

© 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.