Digitalization in the maritime industry continues to grow. Technology is constantly evolving, providing organizations with new ways to transform and manage their operations with adoption of technology creating first-mover advantage and future relevancy, and positivity impacting margins.
The maritime industry is often criticized as being slow to adopt new technologies. While ship building is an age-old industry, it is also varied: fishing, commercial, inland, marine construction, energy, passenger, recreation, defense, and the list goes on. Each sector serves a different purpose, and bespoke vessels fulfill different missions, operate in different environments
In 2019, Oldendorff Carriers signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms to investigate disruptive improvements in ship design, propulsion, and alternative energy sources to help achieve the enhanced decarbonization targets to 2050.
ABS-affiliated maritime software as a service (SaaS) company ABS Wavesight announced it is partnering with e-procurement platform provider Procureship to streamline maritime procurement and purchasing.The agreement will aim to provide ship owners and operators with tools to optimize their fleet operations through digitalization, reducing costs and increasing efficiency, the companies said.