Maritime Data Newsletter #6
Maritimedata.ai is a digital broker that provides data and analytics solutions for the maritime ecosystem. We work as an intermediary between clients in the maritime industry and solution providers to help them find the best data-driven solutions to help solve their business challenges.
The objective of the newsletter is to provide you with up-to-date information on the most recent advancements in space and market insights produced by partners in the MDAI network.
In this week’s edition:
?? What’s new!?
?? Insight
Risk on the Rise: Navigating the 11th Sanctions Package
What is driving the changes in demand in Dry Cargo?
?? A Poll
The most common challenges with evaluating Big Data in maritime
Spire launches AIS position validation solution
What is it?
AIS Position Validation is an advanced RF signal-based vessel detection and tracking to validate vessels’ positions based on the real time coverage offered by the Spire constellation.
The solution independently calculates a vessel’s location at the time of the AIS transmission (even if AIS messages do not include valid GPS data).
This can be compared to the reported position contained within the AIS messages received from a vessel.
How does it work?
Spire is now processing other signals received as a part of AIS message known as Doppler Frequency Shift.
Providing they receive enough of these signals at a high enough frequency, this data can become a reliable indicator of a vessels position.
They are currently processing data for between 15-20% of the world fleet.
Approx. 80% validated calculated positions lie within ~40 nm from their AIS reported positions.
How can this be used?
The use cases that come to mind are Maritime Compliance & Maritime Domain awareness.
If you’re a previous reader of this newsletter, you’ll know we’ve been talking about the rising issues related to “Dark Shipping” or “Deceptive Shipping Practices” for some time.
By having an alternative source of vessel tracking data to AIS and one that cannot be manually interfered with, users may be able to analyse the deltas between the two feeds and more easily identify spoofing.
At a minimum, we see this as a potentially great complementary feed to add to existing dark vessel detection methods.
How is it delivered?
2 delivery methods
Provides the latest vessel position, static and voyage information associated with given target (MMSI), and summary information, i.e., latest validated and positional anomaly events, and associated counts and timestamps.
Provides full information on detected events for target (MMSI), i.e., event type, associated reported and estimated positions, and relative distances in kilometers between estimated and reported positions.
Risk on the Rise: Navigating the 11th Sanctions Package
Windward produced a fantastic webinar whereby their pannel of experts discussed the implications of the latest sanctions, how stakeholders in the maritime industry can move from policy to practice, and more.
Speakers:?
Our highlights:
This new package is a game changer in the sense this is the first time we’ve seen detailed prescriptive guidance with wide ranging cause and effect, bringing in more actors and stakeholders in the maritime ecosystem.
The 11th package is really about fighting the circumvention of what is already in place.
This behavior is clear by looking at trade statistics and the rise in STS and AIS spoofing.?
90k port calls last year in the EU and 14% were made by Russia affiliated vessels.?
In the last 2 years there have been 30k dark activities related to sanctions evasions.
In Q2 there was a 75% increase in dark activities by tanker vessels following a port call in Russia and a 140% increase in dark activities in the Black Sea.
880,000 signal losses and only 0.8% were related to sanction evasions.
Deceptive Shipping Practices are changing.
The amount of events are growing as well as the type of manipulation event is changing.
?What does it mean for stakeholders in the maritime industry?
A thorough due diligence process is required primarily to avoid violations but also to demonstrate to the regulators that you took all reasonable steps in the event of a breach.
The EU commission will be working with all member states to support with their own resources + facilitate the exchange of information between ports.
New export restrictions will have a severe impact on the supply chain.?
What is driving the changes in demand in Dry Cargo?
A post by Tradeviews, a specialist research and advisory business focused on the analysis of Maritime Trade Data.
Note: These bullet points summarize the forecasts and developments mentioned in the original report, available on request.
Steel Industry:
Power Coal:
领英推荐
Aluminium Industry:
Agribulk:
Fertilisers:
Forest Products:
Cement Industry:
How might this affect the Ship Building Markets?
We go back to a previous post by Christopher Palsson of Maritime-Insight
The relatively low dry bulk carrier fleet age gives a continued modest dwt removal forecast for 2023-2027. In dwt the total will be 44M dwt, plus 10%, whereof 14M dwt in 2027 alone. Given the many old smaller ships in the fleet the increase will be higher in numbers. Looking further ahead, all the ships delivered in 2009 and onwards will be on schedule for removals and thus the total removals will increase dramatically towards the end of this decade. This will impact the ordering of new ships.
In 2018-2022 the dry bulker fleet grew by 3.3% yearly measured in dwt capacity. The forecast for fleet growth in 2023-2027 stands at 3.2% yearly. The fastest growing segment will be the 60’-100’dwt segment (largely Ultramax, Panamax & Kamsarmax) with a yearly growth of 4.7% in average.
You can view the full post here:
What impact could this have on Shipping?
Note: This is commentary by Maritimedata.ai
The 3 most common challenges with evaluating big data in maritime
Probably the most common challenge we discuss with users and buyers of maritime data services is the time, effort and resource is takes to evaluate the range of available solutions, of which nowadays there are many.
From having the right people with the right skills to the cost of operational disruptions, we tried capture the 3 most common challenges we hear from the MDAI network:
1. Access to Skilled Personnel?
In an industry with an aggressive push for digitisation, competition for skills is commensurately high. Good Analysts and Data Scientists are expensive, and will often have a wide remit of responsibilities, including the evaluation of existing and new datasets.
Some Maritime Data such as Vessel and Ownership Data require deep industry expertise to understand the important nuances in a suppliers approach, as contrary to popular belief, we still haven’t agreed what ship is what.
If a business doesn’t have the sort of skilled personnel needed to conduct thorough and extensive evaluations, purchasing decisions are tough to make and the risk of a misplaced investment increases.
In our experience, this creates a barrier to entry for small/medium size organisations looking to utilize big data and analytics.
2. Opportunity Costs
Should a buyer have access to skilled personnel then the question becomes the cost of redeploying them.
If all of your analytical resources are tied up on important projects, it’s likely that the assessment of your incumbent service/solution get’s delayed until the following year and your existing contract(s) renewed. Understandable.
The opportunity costs then extend to those incurred by not optimizing your solution providers.
3. Processing power?
Talent is not the only factor in evaluating data services. A company’s access to compute power and availability also has a huge impact on.
Maritime Data can be big and tricky.
Some vessel tracking data providers produce north of 300m positions a day and can require an enormous amount of work to process prior to being ready for compassion.
Organisations without the either take longer to assess, or choose to narrow down the shortlist before making a true assessment of the data quality.??
?? The Poll
Unfortunately Linkedin does not support poll features in their Newsletter, so please click the link to participate and perhaps consider subscribing to reveive this in your inbox every 2 weeks!
So what’s the solution?
We’re still working on that, but maybe something like this?
The general idea being that a tool designed to analyse the bigger and trickier datasets, allowing users to compare and contrast services by different criteria could be useful?
If that sounds interesting and something you would like to be involved in at an early stage, let us know by clicking the link below to our Beta Program:
DataCutter x Maritime Data - Data Eval tool
Register your interest to receive more information and/or join the Beta User Group.
If you’re interested in learning more about the solutions mentioned in this newsletter or other data and analytics products, there are 2 ways we can help:
Book a 15 min scoping call
Speak with the team to discuss your requirement or just get a better understanding of the maritime data and analytics landscape.
https://meetings-eu1.hubspot.com/maritime-data/website-meeting-link
Submit your requirement (<2 mins)
Detail what your requirement and Maritime Data will engage the most relevant suppliers on your behalf.
Thank you for reading.
Best regards,
Rory Proud
Co-Founder