Digitalisation: The Way Forward

10 March 2020

10 March 2020

Steen Lund, Chairman of the Singapore Shipping
Association’s Digital Transformation Committee

Digitalisation is key for the maritime industry to stay relevant as future trade will largely operate in a digitised environment.
Steen Lund, Chairman of the Singapore Shipping Association (SSA)’s Digital Transformation Committee (DTC), shares with SMF how industry stakeholders are supporting maritime companies on their digital voyage and the opportunities arising from digitalisation. The recent formation of the DTC in June 2019 aims to bring its members together to discuss technologies and cultivate a digital-centric mindset that pervades the maritime industry.
It is no longer a question of when, but how. Digitalisation has already made large-scale and sweeping transformations across industries, and the adoption of new technologies continues to rise. Organisations are left with little choice but to make fundamental changes to their business processes, or risk getting left behind in an increasingly competitive environment. Digital transformation has become the key to survival for most industries – and maritime is one of them.
While the maritime industry has commenced its digital journey, the progress varies within. In an industry known for being traditional, widespread change does not occur easily. For example, while some businesses may have adopted new technologies such as Robotic Process Automation (RPA) to improve productivity and operational efficiency, others still rely on traditional hard copies for certifications or business transactions.
That being said, it is understandable for the unknown to be met with anxiety. New technologies, being unfamiliar and untested to many, require investment in time and resources to understand and become comfortable with. Organisations might be deeply vested in legacy systems, which are difficult to break free from. Other considerations include job displacements or increased investments. However, resistance to change could result in companies becoming obsolete over time, especially with the competitive climate today.
Starting from within
Our generation is fortunate to experience a rapid and deep transformation of our business models through the infusion of technology – processes such as data entry, document management, procurement and scheduling can be automated. Over time and with incremental application in other business areas, companies are on their way to create value or revenue generating stand-alone ventures that either augment existing core business or a whole new vertical or company.
Industry support
Therefore, it is imperative that companies receive the strong support of the government and various industry stakeholders as they navigate this digital era. SSA undertakes many initiatives to help transform the industry through creating awareness of easy-to-implement solutions that are affordable to member companies to help them embark on their digital voyage. For member companies that have more ambitious plans, SSA links them up with funding agencies to help realise their aspirations.
As the Chairman of SSA’s Technical Committee previously and now its DTC, I have been actively connecting and collaborating with government agencies such as MPA and Infocomm Media Development Authority (IMDA), industry stakeholders in start-ups or established technology companies to explore technologies such as RPA, blockchain and 3D printing, in the desire to employ such technologies not just within Maritime Singapore but within the global shipping community. In an increasingly globalised environment, knowledge sharing is essential in exchanging best practice as we learn from one another.

"Our generation is fortunate to experience a rapid and deep transformation of our business models through the infusion of technology.”

The road ahead
I look forward to using technologies such as artificial intelligence and robotics to help eliminate laborious but required procedures such as information authentication and assessment, as well as track and analyze data that can assist us in making smart decisions for sustainability practices.
However, while artificial intelligence and blockchain technologies are rapidly proving great use cases and will continue to do so, I believe we are still only scratching the surface when it comes to connecting the ship to the shore staff. Most ships still communicate their operational states via the good, old noon report. VSAT communication provides a reliable transport of data from ships to shore and opens a plethora of use cases, that spans themes such as safety-related actions, situational awareness, human element in decision-making and operation, bunker and route optimization, predictive maintenance, automated alert handling, transparent stock keeping, analysis of hull and propeller degradation.
As technology is used to build transparency and trust in the entire business eco-system, we get more time and resources to focus on what matters most to businesses as well as the lives of our colleagues at sea and on shore.
Essentially, digitalisation is here to stay for the long run. Embracing digitalisation equals enhancing productivity and improving operational efficiency and customer experiences while potentially reducing costs. What, where and how it will be like over time will depend on the new technologies and applications that surface as well as on our initial willingness to explore, fail, adjust and then share successes.

Inaugural MSC Maritime Digital Challenge Grand Finals Prize Presentation

Over 129 tertiary students across 35 teams took part in the inaugural MSC Maritime Digital Challenge that seeks to plug Singapore students with a passion for technology into the maritime industry.
Students from the Singapore Management University and Nanyang Polytechnic were announced as winners of the challenges posed by Eastport Maritime, Kanda and Torvald Klaveness at the Prize Presentation held on 13 November 2021.

MSC Maritime Digital Challenge 2021

Three challenge statements, 35 teams, 129 students and 12 finalist teams from 4 universities & 3 polytechnics. Catch behind-the-scene highlights of the MSC Maritime Digital Challenge 2021.

Singapore Maritime Foundation | MSC Maritime Digital Challenge 2021

Catch highlights of the MSC Maritime Digital Challenge 2021. We thank Senior Minister of State, Ministry of Transport Mr. Chee Hong Tat for being our Guest-of-Honour at the event.

SMF New Year Conversations 2022: Year-in-Perspective Video

The past two years of learning to live with Covid-19 has been challenging, but Maritime Singapore has remained resilient. What are the fundamental tenets that attract companies to anchor their business in Singapore and grow their operations here? And what more can be done to leverage on Singapore’s strengths to enhance its attractiveness as a global business hub for maritime companies? How will the Singapore Maritime Foundation organize its work around Connectivity, Innovation and Talent to strengthen the maritime ecosystem? Find out in this Year-in-Perspective video.

SMF New Year Conversations 2022: Opportunities Amid Disruptions

The 2022 SMF New Year Conversations that took place on 13 January 2022 was graced by Guest-of-Honour Mr S Iswaran, Minister for Transport & Minister-in-charge of Trade Relations. Over 250 industry leaders across the breadth of maritime attended physically and virtually.
Singapore was announced to have secured the overall top spot as an international maritime centre for the fifth consecutive time in the DNV-Menon Leading Maritime Cities 2022 report.
Thank you to our industry partners for your strong support.

Mr. Lars Kastrup

CO-PRESIDENT & EXECUTIVE DIRECTOR, PACIFIC INTERNATIONAL LINES

Mr. Lars Kastrup is the Co-President and Executive Director of Pacific International Lines (Pte) Ltd (PIL).
Prior to joining PIL, Mr. Kastrup was CEO of NOL/APL, and subsequently assumed the role of Executive Vice President, Strategy and M&A at CMA CGM Group. A veteran in the global shipping industry with over 30 years of experience, Mr Kastrup’s other roles include Executive Vice President of Assets at CMA CGM Group heading up CMA Terminals, CMA Ships, Container Logistics as well as regional carriers such as MacAndrews, OPDR and Mercosul; as well as Vice President at AP Moller-Maersk.
Mr. Kastrup complemented his tertiary education with leadership and management training at Penn State University and The Wharton School at the University of Pennsylvania.

Ms. Angeline Teo

MANAGING DIRECTOR & HEAD, GLOBAL TRANSPORTATION & OFFSHORE, OCBC BANK

Ms. Angeline Teo is the Managing Director and Head of Global Transportation and Offshore, Global Corporate Banking at OCBC Bank which focuses on the maritime, aviation, land & port ecosystems.
Ms. Teo has spent over three decades in maritime finance. Prior to OCBC, Ms. Teo was working at ING Bank, ABN Amro and DnB in Singapore focusing on maritime and offshore.
Ms. Teo graduated from the National University of Singapore with a degree in Business Administration.

Mr. John Martin

CHIEF EXECUTIVE OFFICER, GARD SINGAPORE

Mr. John Martin began his career in London in 1989 with Richards Hogg Lindley Average Adjusters, and qualified as a Fellow of the UK Association of Average Adjusters in 2000.
At RHL he worked in their offices in Australia, Taiwan and Hong Kong. In 2003 he joined Gard Hong Kong, as a claims handler. Mr. Martin also worked in Gard Japan, and in 2014 he moved to Singapore to set up the Gard Singapore office.
Besides running Gard Singapore, Mr. Martin also heads the P&I and H&M claims units and is the Senior Claims Representative for Gard in Asia.

Mr. Cyril Ducau

CHIEF EXECUTIVE OFFICER, EASTERN PACIFIC SHIPPING

Mr. Cyril Ducau is the Chief Executive Officer of Eastern Pacific Shipping Pte Ltd, a leading shipping company headquartered in Singapore for the past 30 years.

He is also currently the Chairman of Kenon Holdings Ltd and a member of the board of directors of Gard P&I (Bermuda) Ltd. and of the Global Centre for Maritime Decarbonisation Limited, which was established by the Maritime and Port Authority of Singapore. He was previously Head of Business Development of Quantum Pacific Advisory Limited in London from 2008 to 2012 and acted as Director and Chairman of Pacific Drilling SA between 2011 and 2018.
Prior to joining Quantum Pacific Advisory Limited, Mr. Ducau was Vice President in the Investment Banking Division of Morgan Stanley & Co. International Ltd. in London between 2000 and 2008.
Mr. Ducau graduated from ESCP Europe Business School (Paris, Oxford, Berlin) and holds a Master of Science in business administration and a Diplom Kaufmann.