Tag: performance data

The dry bulk market could be set for a downbeat 2023 with the pain potentially extended into 2024, according to the latest quarterly dry bulk market report from Maritime Strategies International.

The Baltic Exchange’s dry bulk sea freight index fell on Thursday, marking its biggest one-day percentage loss in five weeks, as demand waned across all segments.

The year ended in somewhat anti-climactic fashion for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI) showing a decline of just 0.1%.

Vessel selection has always been an extremely time-consuming and complex task for charterers. Access to real-time data and accurate fuel performance modelling to help them choose the most effective ship for their needs has historically been challenging at best, and highly limited at worst, argues Pelle Sommansson, Chief Product & AI Officer, ZeroNorth.

Mrs Patrizia Kern, Chair of IUMI’s Data & Digitalisation Forum and Chair, Poseidon Principles for Marine Insurance, Head Marine, Director at Swiss Re Corporate Solutions highlights the need for all industry stakeholders to play their part in contribution to the net zero transition.

NAVTOR has collaborated with Danelec to help shipowners and operators translate onboard data into business value, aiming to improve decision making.

SAFETY4SEA “Shipping ESG500 Survey” sets out an index illustrating the progress that ESG (Environmental, Social, Governance) has made so far within the maritime industry, revealing that industry’s ESG performance stands at 49.1%. With slow but steady steps, the figure shows that the industry is on the right track for embracing ESG strategies.

Shipping organisations should be able to gather the data they need for operational optimisation regardless of its source says Nicolas Furgé, Marlink

During another SMART4SEA Talk held by SAFETY4SEA back in June 2021, industry experts from ORCA AI shed light on the issue of shaping safer navigation with the help of artificial Intelligence, while discussed the opportunities that such AI-based navigation presents for collision avoidance.

Each country, following the guidance of the PSC regime it belongs, has specific PSC culture and practices but also each port has its own standards mostly depending on ships’ types calling at a port. Considering that each PSC Authority performs inspections during vessels’ port visit, a focus on ports’ PSC performance can reveal useful findings.