Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the maritime industry. This time, you get to discover five hand-picked startups developing maritime risk management solutions.
Out of 339, the Global Startup Heat Map highlights 5 Top Maritime Risk Management Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 339 exemplary startups & scaleups we analyzed for this research. Further, it highlights five maritime risk management startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 334 maritime risk management solutions, get in touch with us.
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Greywing offers Pandemic Risk Assessments
Founding Year: 2019
Location: Singapore
Use this solution for Real-time Port Call Data
Greywing is a Singaporean startup that provides pandemic risk assessments for voyage management. The startup’s product, CRY4, aggregates multiple data sources to maintain a record of factors affecting the voyage like port restrictions and terrorist activities, among others. Greywing’s other product, Landfall, combines natural language processing (NLP) and AI to process the real-time and historic data to optimize voyage and route planning. These solutions enable crew managers, security officers, and vessel owners to identify potential restrictions and risks. This, in turn, allows them to make necessary arrangements to ensure cargo delivery and improve worker safety.
FuelTrust facilitates Bunker Fraud Identification
Founding Year: 2020
Location: Houston, US
Innovate with FuelTrust for a Transparent Maritime Fuel Lifecycle
US-based startup FuelTrust develops solutions for bunker fraud identification. The startup’s platform, Bunker Insights, digitizes bunker document transactions to provide visibility into maritime fuel lifecycles. Besides, it analyzes transaction data and lab reports to identify any fuel discrepancies. Bunker Insights also provides a list of certified and reliable fuel producers for vessels to source fuel. These features allow ship owners to ensure fraud-free fuel transactions, decrease refueling costs, and reduce fuel compatibility risks while ensuring optimum operation.
Xerra enables Maritime Traffic Monitoring
Founding Year: 2017
Location: Alexandra, New Zealand
Reach out for Dark Vessel Detection
Xerra is a New Zealand-based startup that offers Starboard, a maritime traffic monitoring software solution. It uses open-source and proprietary machine learning (ML) models to analyze global automatic identification system (AIS) data. This provides insights into marine activities such as port visits, fishing, and encounters at sea. Moreover, Starboard allows security forces to monitor maritime operations and identify dark ships as well as pass on this information to other vessels. This enables the maritime industry to optimize route planning and increase the safety of sea operations.
Next Ocean simplifies Ocean Wave Prediction
Founding Year: 2016
Location: Delft, Netherlands
Partner for Ship Accident Prevention
Next Ocean is a Dutch startup that facilitates ocean wave prediction. The startup’s product, WaveAnalyzer, utilizes X-wave radar to sense waves. Another product, Wave Predictor, uses wave sensing data to predict and notify extreme waves. It also anticipates the vessel movement due to the predicted waves and offers this data as six single degrees of freedom (DOF). Besides, the startup provides the necessary hardware developed from commercial off-the-shelf (COTS) components to integrate its solutions. These solutions allow vessel operators to avoid gangway crossing due to residual motion, high local heave accelerations, and load movement during motion.
HiLo develops a Maritime Decision Support System
Founding Year: 2018
Location: London, UK
Collaborate for Seafarer Behavior Analytics
UK-based startup HiLo offers a maritime decision support system. It leverages big data and advanced analytics to develop human reliability models that quantify the drivers and impact of human behavior during risk events. It then uses AI to provide insights into the crew’s mental health during such situations. The startup also offers risk management strategies based on fleet requirements. This allows vessel and fleet owners to optimize the threat response of operators and ensure seafarer safety.
Discover more Maritime Startups
Maritime startups such as the examples highlighted in this report focus on voyage optimization, real-time vessel tracking, maritime fraud prevention, and safety at the sea. While all of these technologies play a major role in advancing the maritime sector, they only represent the tip of the iceberg. To explore maritime technologies in more detail, let us look into your areas of interest. For a more general overview, download one of our free Industry Innovation Reports to save your time and improve strategic decision-making.
