We’ve detected that you are using an outdated browser. This will prevent you from accessing certain features. Update browser

Ship bow

Change brings opportunity.

Seeking the right path for business benefits from change.

A year of incredible, unimaginable disruption has made everyone look again at what they do, and how they do it. It has also made us reappraise how we might approach the road ahead.

We are in an age of constant change given the increasing challenges around efficiency, sustainability and safety, but this is also an era of new opportunity, particularly if the right decisions are made. Finding the path to efficiency, in a complex and regulated industry is never easy. It requires a combination of technology and expertise. That’s what Lloyd’s Register’s Maritime Performance Services business aims to offer; trusted advice, backed by technological prowess, to help industry stakeholders navigate the challenges ahead. And one of our immediate areas of focus is the impact of the imminent Energy Efficiency Existing Ship Index (EEXI) and what operational carbon intensity reduction requirements could mean for fleets in the future.

Environmental regulations focused on shipping’s decarbonisation are also helping to accelerate digitalisation. Owners are more engaged with keeping track of fuel consumption and vessel performance and the growing use of sensors and other data collection technologies to gather quality, real-time information is increasing efficiency, reducing operating costs as well as emissions.

Furthermore, by aggregating siloed data and using analytics, data solutions can provide insights and outcomes to owners and operators to help reduce their overall operational expenditures, maintain their individual competitive advantage and provide the transparency needed for environmental reporting.

Throughout the pandemic we have seen many organisations with a technology gap struggle to adapt to the changing circumstances. Many have worked hard to rectify such shortcomings.

So, technology is now front and centre, but it relies on the right interpretation of data, through human expertise and understanding, built on experience of our industry. When certainty is scarce, a trusted guide is vital; this is why LR is expanding its portfolio of fleet management and fleet optimisation services. We want to help you unlock and drive growth.

Horizons July 2021

Read more articles like this in our Horizons magazine.

Horizons brings together insight into current trends and hot topics in the maritime and offshore sectors, alongside expert views from our people on regulation, safety and innovation.

Read the new issue

INSIGHTS

What we think

LR's experts regularly share their research and insights.

Can't find what you are looking for?

Hit enter or the arrow to search Hit enter to search

Search icon

Are you looking for?