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August 8, 2016 AT 2:00 pm

Shippers setting sail via Internet of (Floating) Things #IoT

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Via readwrite

No place on land or sea is safe from being connected. And now it seems the marine industry is at last diving into Industrial Internet of Things (IIoT) with both feet.

RCR Wireless News reports shipping companies are increasingly harnessing the data produced by their vessels.
However, technology giant Ericsson says the marine industry lags behind alternative modes of commercial transport in its deployment of this connected communications and information technology. This is despite the fact that around 80% of global trade by volume is transported by ships compared to other transportation modes.

Though ships have routinely used data collecting sensors for some time, Ericsson feels that the industry has been slow to take full advantage of the technology’s benefits until now.

But shipping companies are increasingly looking to make up lost ground, or nautical miles in this case. They are increasing connectivity aboard ships to allow the sharing of insights in real time and using the data to optimize shipping ecosystems.

“There may be no direct commercial gain to increasing crew connectivity on board,” maritime executive Douglas Watson said to RCR. “But executives tell us they get far more information back about their vessels than they ever got before establishing reliable contact with crew. When the crew has better access to communication, they exchange more operational info about the state of the vessel, adding more data to what’s gathered from sensors to inform operational decision making.”

One area where IIoT is having a significant impact on shipping is to track the state vessels to optimize marine maintenance and repairs.

And keeping commercial vessels in ship-shape condition is crucial to the bottom line of shipping firms. It is estimated that having an offshore supply vessel offline for repairs can cost between $58,000 and $116,000 per day, with a five-week dry docking operation costing nearly $3 million.

Read more.


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