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market lies in the hands of what the Chi- “Some would say that the goal of IOT and cost-effectiveness, with sweeping we are a service provider.” The clas- nese government thinks the shipbuilding is unmanned navigation,” said Fujiwara, changes such as unmanned operations si? cation society helps the ship owner market should be, because international “But I don’t think so. IOT is critical in far in the future. evaluate their business, their operations, cooperation in regards to regulating ca- the support of numerous operations, and “It is up to the individual company to and de? ne the ? elds and the areas where pacity would be “impossible.” we are now studying the matter with decide which software it intends to use these companies might bene? t from “Maybe the new shipbuilding market several shipping companies.” Fujiwara for the best practices operation of the software or IOT solution. “We provide a will require 60 to 70 million gt, but to- believes that at this point, IOT and Big ship and communication with its cus- base of their activities, and when neces- day the capacity is more than 100 mil- Data is more about making incremen- tomers,” said Fujiwara. “We are not the sary we evaluate the quality of the soft- lion gt,” said Fujiwara. “This is a huge tal improvements in terms of ef? ciency shipowner; we are not the shipbuilder; ware technologies.” oversupply.”

IOT: The Internet of Things

Fujiwara is adamant that continued in- vestment by ClassNK – even in the face of a historic market slump – is necessary to ensure that the organization remains ahead of the technical curve and fully ready to respond when the market inevi- tably returns to black. And when Fuji- wara looks to the future and investment, much of it boils down to IOT, the ‘Inter- net Of Things’. ‘Internet Of Things’ and ‘Big Data’ are handy catch-phrases to describe the revolution of data onboard ships and ? owing ship to shore and back.

But the focus on data is, of course, not centric to the data itself, rather focused on the collection, dissemination, analy- sis and ? nal use of the information to make vessel operations more ef? cient, cost effective and safe. With the rapid- ity of IOT’s growth within the maritime sector, it is sometime not clear where precisely to prioritize investment, but

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Maritime Market Assessment and performance in the shipping industry.

“Really, right now, only the tanker market looks strong. As you know many Japanese shipbuilders are .

Learn more at ge.com/commercialmarine switching to the tanker markets, so naturally this sector of our business will expand. Our business tradition- ally has been bulk carriers, but today it is dif? cult to see the recovery of the bulk carrier market anytime soon,” said Fujiwara.

“I’m afraid that those markets could be destroyed by oversupply (tanker and gas carrier), as they are smaller than the bulk carrier market and much more susceptible to oversupply con- cerns). But currently these markets are good, particularly when compared to the bulk carrier markets.

The container market is going through a tough time too … and com- bined with the bulk market this is the majority of the market for classi? ca- tion, too. In addition, the offshore market is very bad, too, but compara- tively, the offshore business is very small for ClassNK.” www.marinelink.com 33

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