Tag: <span>Business Optimisation</span>

To buy or build your way to digital maturity?
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To buy or build your way to digital maturity?

Shipping companies looking to improve vessel and cargo operations are often faced with, “a myriad of issues relating to how they manage their marine logistics planning and execution,” says Patrick Boles, a senior consultant with Deloitte. During Digital Ship’s webinar held January 12, he explained two different approaches to elevating digital maturity and how the...

Control the controllables
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Control the controllables

What shipping companies can do today to reduce their environmental footprint (and save money) By Aaron Holton, CEO, Tres Solutions  Pull up any shipping journal and it’s not difficult to ascertain what the maritime industry is focused on. In an informal review last week, 20 per cent of the headlines across four leading industry news...

Interview: Shipping firms wasting money on poor exchange rates
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Interview: Shipping firms wasting money on poor exchange rates

Foreign exchange firm Currency Global believes that shipping companies are wasting tens of millions each year on inefficient transactions and processes. Digital Ship spoke with Andy Demetriades, director of treasury at Currency Global to find out how an effective foreign exchange strategy is critical to improving a shipping company’s balance sheet. The shipping industry has...

Windward launches AI-powered predictive intelligence solution
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Windward launches AI-powered predictive intelligence solution

Windward, the predictive maritime intelligence company, has launched its next-generation Maritime Predictive Intelligence solution powered by Maritime Artificial Intelligence Analytics (MAIA). Consisting of 10bn datapoints and 300 behavioural analysis models, MAIA empowers organisations to make smarter and faster decisions and optimise operations. MAIA screens, searches and analyses dynamic maritime data to connect the dots and...

Unnecessary maintenance could be costing £15m per asset, says LR
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Unnecessary maintenance could be costing £15m per asset, says LR

Lloyd’s Register (LR) has reported that as much as 40 per cent of maintenance work carried out by Floating Production Storage and Offloading (FPSO) vessel operators is unnecessary. By reducing these unwarranted manhours, operators could save on average almost £600,000 per asset each year, which is equivalent to £15m over an assets’ life. By applying...

Seabury and LR team up to help clients navigate OPEX and CAPEX challenges
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Seabury and LR team up to help clients navigate OPEX and CAPEX challenges

Maritime investment banking and industry advisory company Seabury Maritime, LLC has formed a strategic partnership with Lloyd’s Register (LR) to support maritime clients with key business decisions. Seabury Maritime, a subsidiary of Seabury Capital Group, will work with LR to build a platform to help shipowners and other shipping stakeholders better assess the risks and...

Implementing technology a minor part of shipping’s digital transformation
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Implementing technology a minor part of shipping’s digital transformation

Failure to achieve a successful digital transformation can be the result of relying too much on technology and not investing enough in people and organisational change, says Anthony Veder’s digital development manager, Sifra Westendorp. Speaking at Digital Ship’s maritime forum in Rotterdam yesterday, Ms Westendorp told delegates that she sees many companies focussing on how...

Exploit before you explore, says Western Bulk’s head of digital strategy
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Exploit before you explore, says Western Bulk’s head of digital strategy

Recognising current opportunities, exploiting them, allowing yourself to be challenged, and implementing a company culture that focuses on integration and data sharing is vital to efficient and cost-effective shipping. Exploiting current business models and making changes that can be hard for people to accept is where every shipping company should start in their journey of...