The maritime intelligence landscape has become incredibly fragmented, making it difficult to discern credibility.
This disconnected picture across different operating functions means that, more than ever, vessel operators require a technology platform to help them better manage the burden and enable them to focus on their core roles.
The digital transformation in shipping creates operational challenges, but also creates opportunities. The need to harvest the right data for disparate functions – performance, asset management, regulatory compliance – and then present it in the right format at the right time calls for expertise that many vessel operators do not hold in house.
Digital transformation
ABS Wavesight is a SaaS company built on a legacy of maritime and environmental stewardship
“We are here to help demystify maritime software for those vessel owners and operators, fleet managers and charterers under pressure to modernise their operations,” says Staci Satterwhite, CEO, ABS Wavesight.
“Instead of searching for answers through multiple software providers, maritime decision-makers can now turn to us for fleet-wide digitalisation support designed to help transform regulatory complexity into operational clarity.”
As an independent subsidiary of the American Bureau of Shipping, ABS Wavesight is a SaaS company built on a legacy of maritime and environmental stewardship. Their products are collectively installed on more than 5,500 vessels across the global fleet and are backed by over 160 years of maritime innovation and experience.
A platform to accelerate decision-making
The platform provides clarity to help shipowners accelerate decisions for their fleets
ABS Wavesight Advantage is state-of-the-art SaaS technology built on the deep domain expertise of ABS to connect performance and compliance, bringing together a technology-led approach with industry knowledge and expertise.
The platform provides clarity to help shipowners accelerate decisions for their fleets with confidence.
Its comprehensive product portfolio, spanning validation, a digital connection for verification by ABS, emissions benchmarking, and pooling, empowers maritime leaders to better achieve sustainability goals, navigate regulatory complexity and manage exposure.
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| ABS Wavesight Advantage is state-of-the-art SaaS technology built on the deep domain expertise of ABS |
Confident decisions
“Advantage is designed to simplify the complex, unify the disconnected, and empower maritime leaders to make smarter, more confident decisions,” says Satterwhite.
It serves as a central data and information hub, bringing together data from vessels and shore teams, providing a single source for all stakeholders to get the information and insights they need to make better, faster decisions.
More accurate and transparent reporting
Designed to help shipowners reduce compliance exposure and commercial risk, Advantage helps enable more accurate and transparent reporting, which can lead to safer, more sustainable, and profitable maritime operations. High-quality data validation from a trusted partner can provide high confidence when it comes to decision-making.
“By combining data from disparate sources, users are provided with quick and easy-to-action insights, helping to empower faster and more confident business and fleet decisions,” says Satterwhite.
Optimising vessel operations
ABS Wavesight has consistently helped owners to manage and optimise their vessel operations
Merchant ships that trade nationally and internationally increasingly require tools that enable their operators to manage compliance risk and deliver timely reporting to a wide range of stakeholders.
ABS Wavesight has consistently helped owners to manage and optimise their vessel operations, and Advantage takes that opportunity to the next level, with tools that can scale to meet the demands of the customer.
Needs range from small, specialised vessels to large, diversified fleets, where pooling of emissions data is critical to efficient compliance with regulations. ABS Wavesight Advantage helps to enable timely compliance across IMO and EU regulatory regimes as well as market-based initiatives.
Pooling emissions across a fleet
The possibility under Fuel EU Maritime to pool the emissions of vessels across a fleet creates the need to manage the pool and requires tools to validate the model against greenhouse gas (GHG) intensity baselines, including scenario analysis of possible pool structures.
As complex of a task as it is, this is only one path to address FuelEU Maritime requirements. Other choices can include banking and borrowing of Compliance Balance, and that decision-making along with pooling is brought together in one solution within Advantage. This process, once navigated, must be fully documented and reported for verification with the chosen verification body.
ABS Wavesight Advantage features an intuitive design to allow for effortless pool management and a streamlined user experience, providing users with quick and easy-to-action insights, empowering rapid decision-making.
New system architecture
The new system architecture provides enhanced connectivity across ABS Wavesight products
ABS Wavesight Advantage has been designed with all-new architecture and enhanced data collection capabilities to provide a trusted source for all aspects of vessel and fleet performance and emissions compliance requirements in real-time.
The new system architecture provides enhanced connectivity across ABS Wavesight products, third-party applications, and ship-to-shore communications, as well as improved reliability and reduced cost of ownership with true SaaS infrastructure.
The SaaS model offers both improved reliability and reduced cost of ownership. The platform also offers trusted security through ABS Wavesight’s SOC2 Type I and II, and ISO27001 certifications.
Complex regulatory environment
As the shipping industry sails into an ever-more complex regulatory environment, vessel owners and managers recognise that they need platforms that can scale and adapt to incorporate technologies as they emerge.
The challenge of technologies like artificial intelligence, machine learning, and large language models is not their disruptive potential but how best to integrate them into creating and delivering the right solution for the challenges that owners face, says Satterwhite.
“As is clear from the growing range of regulatory requirements, compliance will increasingly have an impact on operational and commercial decisions,” says Satterwhite. “Vessels that can more efficiently demonstrate compliance to the emissions regulations will be the ones making the cut for charterers concerned about meeting their own environmental, social, and governance goals.”
Reducing compliance exposure
By managing a fleet on the platform, vessel operators can take positive steps to help reduce both their compliance exposure and performance risk, with accurate and transparent reporting, which can lead to safer, more sustainable and profitable operations.
“The effort to create that peace of mind, promote safety and create commercial opportunity is a task that benefits from a software partner whose knowledge extends beyond the code and deeply into the details of today’s vessel operations,” says Satterwhite. It’s ABS Wavesight’s vision for maritime software.
