Technology has optimized management time and created flexible working hours
Emphasising on cyber hygiene for a secure shipping industry
As the pandemic hit the globe and forced people to isolate themselves and work from home, a wave of digitalisation and online work took over the world and created a new normal for operations in the industry. Although usage of technology increased drastically and enhanced the efficiency of operations, cyber security became a cause for concern. In such a scenario, organisations were pushed to step up and address these security concerns. Organisations like Constellation Marine Services LLC that is a marine surveying consultancy company that specializes in maritime and energy claims, offshore marine warranty inspection, ship and cargo inspections for principals, insurance companies, charterers, and P&I Clubs supported key industry players through their cyber security solutions.
In conversation with Marasi News, Capt. Zarir Irani, CEO, Constellation Marine Services, stressed on cyber vulnerability as a darker side of digitalisation, and highlighted the company’s approach towards solving the issue.
How do you oversee the shipping industry for
the post-covid era?
The post-covid era is going to make the shipping industry
more resilient to change than ever before. Having gone through
all those issues with seafarers and various other hindrances,
the industry has coped with a lot of uncertainties, distress,
and mental stress, thus making it much stronger and prepared
for challenges. Moreover, I think that the industry has
become more empowered by the decision-making power given
to senior ship officers on-board with less meddling from
managers in the office. Furthermore, the role of technology
in the industry will become more prominent with more companies
willing to embrace it, thus ensuring a fast-paced advancement
in digitalization. Therefore, more resilience, better decision-making
on- board, and increased acceptance of technology are my
top picks.
The maritime industry has shown exceptional steady
growth dur- ing the pandemic, to what extent does that reflect
on your compa- ny’s performance?
Our company has had a very good retention rate of clients
due to the fact that we stand out of the crowd in terms
of deliverance and value proposition, which has always been
unique as compared to the others in the business, and has
clearly shown benefits. We focus on creating value for our
existing clients and it is well known that we provide services
that are distinctly different from the “average Joes" of
our segment. In the past year, clients have come back to
us because of the little extra step we take to prove our
worth, create value, and give that little extra service
delivery to our regular commodities, which are consultancy,
surveying, and cyber security. This approach keeps us ahead
of the pack with an ever-increasing market share. Over the
years, we have seen growth, and our team has expanded despite
the difficult times.
How much of an impact do you think that advancement
in tech- nology has caused the shipping industry?
Advancement in technology has optimised management time,
and has created flexible working hours for professionals,
which is seen in offshore and onshore working habits. Moreover,
despite the extra stress that the shipping staff has gone
through while accepting massive changes during the pandemic,
including the difficulties -aces by them in getting off
their ships on time after finishing their duty, they have
fought hard and have ensured that minimum disruption is
caused to a new monster that we have created by the work
from home culture that has been developed, and that is cyber
vulnerability. The cyber hygiene of individuals has come
forth and it has created a new risk that every shipping
company has to cope up with. Cyber vulnerability is here
to stay and with it comes the need to enhance cyber hygiene
amongst everyone involved. We have a service vertical to
address this through our Abu Dhabi office and have seen
a robust response.
How do you foresee the future of automated vessels?
I see potential, but in the distant future, perhaps 2050
and beyond. However, automation is an ongoing process. It
is growing every single day, and if you were to see it after
a couple of years, you would realise that it has grown a
lot. Automation is already happening and is prominent in
the industry. It happened when the Global Maritime Distress
and 'Safety System (GMDSS) took over, and when weatherfax
started coming in, so that is automation in progress. Therefore,
automation is like a growing child; if you see this child
in 2050, you will end up seeing a grown- up and automated
industry rather than it being noticed everyday as we are
in it and monitoring it everyday.
In your opinion, how actively did P&I companies
take part in the road to recovery of the maritime industry?
Insurers have always kept the clients’ interests at the
forefront. They are the risk undertakers, have always had
the change and dynamics of the industry ahead of themselves,
and have always been in tune with it as much as asset owners
have thought of it. Insurers have delivered to their expectations
and the proof is in the pudding. The IG P&I group, which
insures over 90 per cent of the world's tonnage, has retained
that tonnage even in these difficult times. So, in other
words, the fixed premium buzz that has been picking up in
the past couple of years has still not affected the majority
of the world’s tonnage, which speaks volume about how well
the insurers have been performing over the years. Therefore,
IG P&I clubs have always tried to offer their services to
suit the industry s macro-economic conditions and have adapted
well to retain the majority of their 3rd party insurance
market which constitutes over 90 per cent of the world›s
tonnage. This speaks volume of them adapting well to the
conditions prevailing around them.1