Shipping industry can benefit from data transparency

AIS veseel tracking service, MarineTraffic says that being open with data will allow the maritime sector to increase competiveness and efficiency
Shipping industry can benefit from data transparency

MarineTraffic, believes that open data can positively increase the competitiveness and efficiency of the shipping industry.

Speaking at the Union for the Mediterranean stakeholder conference on the 27th May, "Towards a Roadmap for Blue Investment and Jobs in the Mediterranean'' held in Athens, MarineTraffic managing director Demitris Memos said: “Activities taking place on the high seas have in the past been almost impossible to monitor. Consequently, it has been difficult for governments and businesses to work out what goes on. The world’s oceans have been and to an extent still are fairly ungovernable places. Companies in the maritime big data area are starting to make sense of sea-borne activity, increasing available knowledge and creating transparency on a global scale. Most stakeholders recognise that it is a good thing and will enable better regulation of our oceans and contribute significantly to the shipping industry’s competitiveness.”

Memos commented further on the need for open data sharing, stating: “In terms of overall knowledge gaps, a key weakness is the sheer amount of data being generated. This is an issue for the big data industry in general, not just maritime. We need to make better sense of the immense amount of data we have and improve at extracting meaningful knowledge from it. However to do this, more data is needed! To understand causes and effects, data from multiple sources is needed and for this reason, we would encourage open data sharing.”

MarineTraffic states that open data and transparency can positively contribute to the overall competitiveness of the shipping industry, significantly improving efficiency in a number of areas.

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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