New Research Report by Thetius and Bureau Veritas reveals pathways for digital collaboration in maritime

Study showcases how frontrunners are making digital collaboration work in practice. 

Paris La Défense, France – 9 October 2023 – A new report commissioned by Bureau Veritas (BV), a world leader in testing, inspection and certification, calls for greater data sharing in the maritime sector, and outlines the benefits of a fresh approach to digital collaboration that will support shipping’s energy transition.

Written by maritime innovation consultancy Thetius, the report, titled Common Interest, benchmarks shipping’s progress on using digital solutions to collaborate on decarbonisation goals and shows how industry frontrunners are breaking down the technical, legal, financial and cultural barriers.

The research was conducted by Thetius, based on interviews with a series of maritime leaders and case studies from across the maritime sector’s digital landscape today.

“The challenge can be thought of as a network optimisation problem, with many stakeholders in the chain,” says Matthew Kenney, Principal Research Consultant at Thetius and lead author of the report. “As the report describes, caution is understandable when it comes to sharing data, particularly with competitors. Collaboration is an awkward concept in a competitive market, and the challenges include legal, financial and practical issues such as a lack of data standards, data silos and human error.”

The report also identifies key areas where digital collaboration has the potential to open new opportunities for growth and optimisation:

• Collaboration between different software providers and ship operators can provide more detailed ship performance analytics for fleet owners and managers.

• Digital synchronisation of the shipping ecosystem can help address “sail fast then wait” practices and reduce greenhouse gas emissions from voyages.

• Data sharing is critical to ensure seamless port visits and help deliver “just in time” arrivals, supporting decarbonisation and voyage efficiency.

• Large-scale data sharing can improve modelling of ship performance, with data pooled from multiple ships dramatically increasing the accuracy of modelling algorithms and digital twins.

The report also identifies four main categories of challenge as the primary obstacles that hinder more effective data sharing in the maritime sector: competition laws; data siloes; costs; and cultural and behavioural resistance. Through the lessons and insights shared in the report, it is hoped that maritime organisations can identify the most effective tools to overcome each of these obstacles. In turn, Bureau Veritas believes that this can lead to a fresh approach to digital collaboration.

“It should be viewed as an opportunity that shipping is simultaneously confronting the challenges of decarbonisation and digitalisation,” says Laurent Hentges, Vice-President, Digital Solutions & Transformation, Bureau Veritas Marine & Offshore. “This report shows that the time, technology, and trading environment are right to use digital collaboration to evolve and grow. Shipping can achieve its decarbonisation goals and deliver a greener maritime future by recognising the scale and depth of its common interests.”

The report also details a wide range of examples of how collaboration is already working in practice for many partners across the industry, such as the Blue Visby Solution, which aims to eliminate ‘sail fast then wait’.

“We can see the realisation of our vision for shipping’s digital transformation through these frontrunners and the numerous ambitious projects in which BV is actively involved,” says Hentges. “Collaboration is possible, practical, necessary, and mutually advantageous. It is a powerful opportunity, if we can identify and remove barriers that inhibit data sharing, and one that should inspire optimism for the decarbonisation journey ahead.”

The report Common Interest can be downloaded here:

https://marine-offshore.bureauveritas.com/insight/our-publications/common-interest-report

About Bureau Veritas:
Bureau Veritas is a world leader in laboratory testing, inspection, and certification services. Created in 1828, the Group has 84,000 employees located in more than 1,600 offices and laboratories around the globe. Bureau Veritas helps its clients improve their performance by offering services and innovative solutions to help ensure that their assets, products, infrastructure and processes meet standards and regulations in terms of quality, health and safety, environmental protection and social responsibility.

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 and SBF 120 indices. Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

For more information, visit www.bureauveritas.com, and follow us on Twitter (@bureauveritas) and LinkedIn.