In today's digital age, competition is fierce in a variety of industries, including the maritime industry, and companies are constantly investing in solutions that can help them increase productivity while lowering overall costs. Consequently, the demand for advanced solutions such as marine data analysis is growing at an impressive rate among commercial shippers and other end users. In the shipping industry, big data is used to control sensors on a ship and to perform predictive analysis to avoid delays and improve efficiency. Enhanced decision making through big data analytics is being actively implemented to avoid and predict additional costs and can be used throughout the life of a ship. The Port of Hamburg (Germany), the Port of Cartagena (Colombia), the Port of Rotterdam (the Netherlands) and several ports in Southeast Asia are actively using big data analytics solutions for their port and terminal operations. Predictive analytics solutions have the potential to transform the shipping industry
by improving overall shipping operations, enhancing ship safety and protecting the environment. In addition, the high level of customization offered by these solutions, depending on the specific needs of any port or shipping company, is expected to fuel demand over the forecast period. With the growth of globalization, the demand for freight transport will increase significantly in the coming years. Consequently, the demand for advanced data processing and predictive analytics will also grow among maritime companies to maximize time efficiency and cost savings. These factors are driving the demand for marine analytics around the world.
The shipping industry is a complex network of people, countries, agencies and authorities. These include shipowners, port authorities, maritime authorities, classification societies, cargo traders, oil companies and trade organizations to name but a few. This makes the industry a truly global enterprise. For example, a ship built in South Korea, owned by a Greek tycoon registered in Panama, manned by a crew from the Philippines, Singapore and Norway, could carry cargo owned by a US multinational company from a port in China to a port in Europe. passing through the waters of a dozen other countries. The requirement to track economic flows in this global supply chain while eliminating any legal nightmares has led to extensive industry record keeping. Some of these include:
- Each ship has a cargo manifest and a crew manifest
- Each ship also maintains a captain's log, a ship's log and other logs, which record the internal and external condition of the ship, including equipment and environmental conditions.
- Ports, canals and waterways have many forms that you need to fill out to collect information about the vessel, voyage and cargo transported.
- Additional records are maintained by shipping agents, companies, traders, marine insurers, certification agencies, etc.
Finally, ships generate huge amounts of electronic data such as AIS, LRIT, radar, etc. Electronic data is also generated by separate equipment on board as IoT sensors
become more prevalent.