The maritime industry, which is steering towards decarbonisation due to IMO 2030/2050 emissions regulations, is still in the infancy of adopting digital solutions, says Athens-based end-to-end digital transformation platform solution provider METIS Cyberspace Technology S.A. (METIS).
“We are still at the beginning of the digitalisation wave,” Panos Theodossopoulos, CEO, METIS told Manifold Times.
“Inevitably, digitalisation will have to occur as things such as emissions reporting get more complicated and data models will need to be built.”
According to Theodossopoulos, shipping is an industry steeped in tradition and mentality remains the biggest challenge for the sector’s digitalisation. However, change will have to occur due to external factors.
“The approaching emissions regulation makes it more important for shipping companies to digitalise their assets, have data automatically collected and make their lives easier,” he believed.
“Other forces such as the younger generation working in shipping firms and the new approaches they bring will result in change taking place.
“Right now, we are in transition between the old and new way of working.”
Mentality and non-data standardisation biggest hurdles for shipping’s digitalisation
Theodossopoulos meanwhile noted lack of data standardisation between different entities to be a roadblock for digitalising the shipping industry.
“For example, other industries such as aviation have standard ways to extract information from engines,” he explained.
“In shipping each engine manufacturer has its own API (Application Programming Interface) to extract data, and this poses a big roadblock in terms of technology adoption due to the increased costs it brings for data integration.”
Still, Theodossopoulos points out initiatives such as the Digital Container Shipping Association (DCSA), which includes nine of the ten largest container shipping companies, working to establish IT standards to enable interoperability of technology solutions across the industry.
Singapore initiatives, including the Singapore Trade Data Exchange (SGTraDex) platform which improves the way transactions are conducted with stakeholders, including bunker suppliers and financial institutions, Digital Bunker Document Standard, and electronic bunker delivery note (eBDN) solution are also examples of data standardisation helping shipping digitalise.
“The introduction of e-BDN by the Maritime and Port Authority of Singapore reduces a lot of paperwork while ensuring transparency for stakeholders such as financial institutions; this is a welcomed effort and should be followed in other parts of the world. We need initiatives like that to take place,” he stated.

METIS progresses towards alternative bunker fuels integration
While the METIS digital platform currently includes traditional bunker fuels such as heavy fuel oil (HFO) and marine gas oil (MGO) in its system, Theodossopoulos disclosed it will be updated to include alternative marine fuels in time to come.
“We mostly do standard marine fuels, but we are progressively looking at more new fuels like the biofuels which some of our customers are burning to meet emission standards,” he shared.
“For ammonia, we are involved in the EU-backed ENGIMMONIA project which looks into the operation of marine engines running with ammonia.”
Shipping is going through a major disruption phase mainly to do with increased transparency amongst stakeholders and the way vessels are operated to burn and consume alternative marine fuels.
“Naturally, bunkering will be integrated into the more transparent way shipping will work due to increasing environmental, social, and governance standards,” said Theodossopoulos.
“We position ourselves as an engine to help customers navigate the digital trend.”
Related: Partners in Rotterdam-Singapore Green & Digital Shipping Corridor support emission reductions
Related: Singapore: PIL becomes first shipping line to complete full integration with SGTraDex
Related: SIBCON 2022 Interview: Co-Convenors offer insights into Singapore’s upcoming Digital Bunker Document Standard
Related: Singapore: MPA publishes guidelines for bunker suppliers in preparation of e-BDN launch
Photo credit: METIS
Published: 28 March 2024