• 2024 September 12 09:50

    Lloyd's Register commissioned research reveals the rapid rise of AI in maritime

    In the past 12 months, the maritime AI market has seen an explosive expansion, nearly tripling in size, finds the new Thetius report, commissioned by Lloyd’s Register.

    New research estimates that the maritime artificial intelligence (AI) market is now valued at USD $4.13 billion, with a projected five-year compound annual growth rate of 23%. This marks a substantial increase from last year’s valuation of USD $1.47 billion, underscoring the rapid adoption of AI technologies across the sector, according to the Beyond the Horizon: Opportunities and Obstacles in the Maritime AI Boom report by Thetius.

    The report identifies 36 shipping companies that have implemented or plan to deploy AI-enabled technologies within the past year. Small-and medium-sized entities (SMEs), which make up 63% of AI technology suppliers, have played a pivotal role, alongside 18% corporate entities and a rising 17% startups - a 5% increase from 2022-2023.
     
    The report also highlights six critical areas of AI application, including data-driven condition-based maintenance and port management, with case studies such as LR’s collaboration with NYK and MTI on the adoption of data-driven condition based maintenance and SafetyTech Accelerator’s Awake.AI technology solution.
     
    Commenting on the findings, Mark Warner, Global Content and Communications Director, Lloyd’s Register said: “The findings of the report show that the maritime sector, often perceived as traditional and resistant to change, is now embracing AI with remarkable enthusiasm. This shift is driven by the need for greater operational efficiency, enhanced safety, and a commitment to sustainability. AI technologies are being harnessed to optimise voyages, predict maintenance needs, enhance navigational safety, and manage energy consumption more effectively.”
     
    Beyond the Horizon is a continuation of Lloyd’s Register’s and Thetius’ pioneering research on AI and autonomy in maritime, following the influential 2023 study Out of the box – Implementing autonomy and assuring AI and the 2022 Artificial Intelligence in Maritime – a learning curve.
     
    This report not only provides an annual update on the state of operational AI in maritime, including market size data, but also offers actionable recommendations for organisations looking to invest in AI technologies. By examining successful case studies and identifying emerging trends, LR aims to empower the maritime industry to navigate the challenges and seize the opportunities presented by AI.




2024 October 3

18:00 APM Terminals extends concession for ACT in Jordan
17:31 Shipments to resume as Montreal port strike wraps up as scheduled
17:11 Typhoon Kraton suspends bunker deliveries at Taiwan ports
16:45 Green methanol ships market worth $30.98 billion in 2035 - MarketsandMarkets
16:25 QatarEnergy LNG awards McDermott EPCI contract for the North Field South Offshore Pipelines and Cables Project
15:44 COSCO SHIPPING, Abu Dhabi Ports and Yangpu Port form a sister port relationship
15:24 GTT secures the first application of its 1 barg tank design pressure on a series of LNG-powered container vessels
14:42 ABS issues approval to leading Japanese companies for LCO\2\ carrier designs
14:18 Fincantieri delivers the fourth PPA “Giovanni delle Bande Nere” in Muggiano
13:41 Jan De Nul completes the main construction work for the Oosterweel bridge pier tunnel elements at the large construction dock in Zeebrugge
13:25 Alexandria Container and Cargo Handling Company’s net profits rise 43.2% in FY2023/24
12:47 HD Korea Shipbuilding wins combined 881.4 bln won in orders to build 5 ships
12:13 Adani Ports reports 7% growth in cargo volumes
11:40 Samsung Heavy wins 678 bln-won LNG ship order
11:05 Kalmar supports Grimaldi’s RoRo operations with rapid delivery of heavy terminal tractors
10:43 Erik Thun adds new multipurpose plug-in hybrid dry cargo vessel MV Lidan to its fleet
10:23 Imodco receives AiP from ABS for jetty-less terminals technology for ammonia and CO2
09:59 NYK signs contract with Maehata Shipbuilding to construct eco-friendly restaurant ship with hybrid propulsion by 2027

2024 October 2

18:00 MET Group reaches partnership agreement with Celsius to build first MET LNG vessel
17:31 Axess Technologies wins HV cable installation contract with HSM Offshore Energy for Thor offshore wind farm
17:19 Uni-Tankers achieves a 37.6% reduction in carbon intensity compared to 2008
16:37 Adnoc-backed VTTI plans to invest in LNG import terminals in Asia
16:23 Panama takes action against vessels evading sanctions
15:46 Global container ship fleet hits 30 million TEU mark
15:24 Port of Vancouver cargo volumes down less than 1% in H1 2024
14:24 DP World adds two newly built vessels to its marine services fleet
13:52 Damen delivers Booster Station with Marine NOX Emission Reduction System to Hegemann
13:22 Hanwha Drilling and Constellation secure a $500 million deal for drillship Tidal Action
12:43 NYK Shipmanagement takes over full technical management of the LPG/ammonia tanker LIBERTY PATHFINDER in Kobe, Japan
12:25 Hanwha Ocean bags 545.4 bln-won order for floating LNG vessel
11:44 India’s Directorate General of Shipping appoints Lloyd’s Register to set up sustainable maritime innovation centre in Mumbai
11:21 Argent Energy opens bio-based technical-grade glycerine plant in Amsterdam port area
10:51 Ammonia FPSO design from Samsung Heavy Industries receives ABS approval
10:23 Lloyd’s Register launches new benchmarking platform to drive Digital Maturity in maritime
09:58 IMO launches major ship recycling project in Pakistan

2024 October 1

18:00 Arkas Bunker refueled Arkas Line's container ship Matilde A with Bio24F in the port of Marport
17:06 KF Wind completes Geotechnical Survey for the first phase of the 1,125MW floating offshore wind project
16:47 $2.5M federal grant to boost hydrogen fuel use at Port of Oakland
16:12 Philly Shipyard begins construction on first of three Matson Aloha Class LNG-fueled containership
15:56 MISC commissions two new LNG carriers for delivery in 2027
15:46 Gastrade begins commercial operations of Alexandroupolis LNG Terminal
14:04 Wartsila to supply Cargo Handling System and Fuel Supply Systems for five new Very Large Ethan carriers
13:44 Quest One and MAN Energy Solutions open new gigahub
13:12 Hanwha Ocean’s Rotor Sail system design receives approval from Bureau Veritas
12:40 Samsung Heavy to become 1st paperless drawing shipyard
12:21 HD Hyundai seeks to acquire Leeyoung to prepare for shipbuilding boom
11:30 Zephyr & Boree cancels order for 5 container ships at HD Hyundai Mipo for financial reasons
11:05 The handover and naming ceremony of the China Merchants Shipping "Kaihe" was held in Qinhuangdao
10:51 Maqta Gateway and Presight sign agreement to enhance trade & logistics sectors with AI-powered solutions
10:35 CNC launches first 100% foreign-owned domestic shipping service in the Philippines
09:59 GTT Strategic Ventures invests in Bluefins to support the development of a more sustainable naval propulsion

2024 September 30

18:00 Explosion causes fire on product tanker in Bangladesh
17:24 European Commission publishes Terms and Conditions for the second renewable hydrogen auction
16:58 IMO Secretary-General opens Marine Environment Protection Committee (MEPC 82)
16:11 Port of Piraeus increases revenue and profits in H1 2024
15:46 Marubeni and Solvang to collaborate on joint operation of ammonia carrier
15:14 Global schedule reliability remains stable at 50%-55% in 2024
14:39 MacGregor to supply cargo access solutions for 12 Pure Car and Truck Carriers for CIDO Shipping
14:13 Jan De Nul starts dredging campaign at Port Hedland, Australia
13:32 Majestic Fast Ferry fleet expands with two new second-generation 42-metre ferries
13:13 Van Oord completes FSRU jetty at Wilhelmshaven in Germany
12:41 Manila International Container Terminal welcomes first green ship
12:20 ABS approves ammonia fuel retrofit solution from Nikkiso
11:32 Chinese ports container volume rises 8.2 % from January to August of 2024
11:20 Cruise ship “Century Voyage” made its maiden voyage on the Yangtze River
10:40 ABS and Hanwha Offshore sign multi-year agreement
10:09 Port Houston container volumes up 20% to 367,653 TEUs in August 2024
09:41 NYK and TBG received the certificate for AiP for the ship-to-ship supply of fuel ammonia from ClassNK

2024 September 29

16:01 Saudi Arabia’s non-oil exports climb 19% in July: GASTAT
14:28 Maersk shares jump as US port strike looms, boosting rates