rss icon Subscribe
desktop mobile

ABS Head Wiernicki Outlines Maritime’s New Normal

ABS Chairman, President and CEO Christopher J. Wiernicki (Photo: ABS)

Addressing industry leaders at the opening session of the Connecticut Maritime Association (CMA) Shipping 2018 conference, ABS Chairman, President and CEO, Christopher J. Wiernicki, detailed how global megatrends and shipping industry challenges, including digitization and connectivity, cyber security, efficiency improvements and optimization gains in operational performance, and emissions reduction are redefining the current world in which we work.
"It's clear our business environment is changing and we have a new definition of what normal means," Wiernicki said. "Normal means nothing is normal. Normal means change. The new norm will be more data-intensive, focusing on better asset management decision making, not just better equipment or physics."
Analyzing the challenges facing leaders in the new normal, Wiernicki outlined three actions leadership must take in order to succeed.
"Leadership must understand the role of technology and the importance of assessing technology risk in the commercial risk decision making process, maintain a healthy balance between innovation and pragmatism especially when it comes to digital technologies, and recognize it has three levers to pull in order to achieve competitive performance: Identifying and developing talent, managing and rationalizing technology, and choosing the right operating model for a business," Wiernicki said.
"The step-change for shipping is likely to have a longer horizon, and the more disruptive digital technology-driven changes are likely to be introduced first to the commercial process in shipping's supply chain, such as blockchain, trading platforms and predictive vetting and training," Wiernicki said.
"This will most likely be followed by gradual changes in the digital operating ecosystem in the form of redefining ship-to-shore communication through cloud computing, improving navigation through greater situational awareness and object recognition using sensor technology, relying more on data-driven predictive and preventive maintenance to improve propulsion system performance, and by condition-based versus calendar-based classification," he concluded.

Mar 13, 2018

 

Classification Societies

Thordon Bearings: EAL Protection in a Class of its Own

Thordon Seawater Lubricated Propeller Shaft System.JPG

The ideal solution for the tightening regulatory noose also brings a different (and welcome) shade

Panama Flag Adopts Pole Star’s PurpleTRAC

Pole Star

Ship registry operations have become increasingly complex as the pervasive effect of economic

New ClassNK Guidelines for Liquefied Gas Carrier Structures

Logo: ClassNK

Classification society ClassNK has released its Guidelines for Liquefied Gas Carrier Structures –

News

HMM to Order 20 Mega Containerships

(File photo: Hyundai Merchant Marine)

South Korea’s largest shipping line Hyundai Merchant Marine (HMM) announced it will order 20 new

Remote Control Gantry Cranes for Felixstowe Port

Two new remote-controlled gantry cranes have been delivered to the Port of Felixstowe Photo Felixstowe Port

The Port of Felixstowe has taken delivery of its first two remote control ship-to-shore gantry

Pirate Attacks Worsen in Gulf of Guinea - IMB

Photo courtesy ICC

A surge in armed attacks against ships around West Africa is pushing up global levels of piracy

Maritime Apps