Three Technological Developments for the Maritime Industry to Watch in 2018

Mainbrace | March 2018 (No.1)

Sean T. Pribyl

Emerging technologies continue to permeate various sectors of the maritime industry. As with the advent of steam power, electrical energy, and computerized automation in prior industrial revolutions, the maritime industry is experiencing advances in cyber-physical systems and digitaliza­tion in this “fourth industrial

revolution.” Innovative technologies are transforming indus­tries across the globe, and in 2018, these three technological developments are worth watching: Smart Ships, drones, and innovative collabora­tion. Each will continue to impact maritime operations.

Smart Ships

In 2018, expect the marine sector to continue the trend towards advanced automation in so-called Smart Ships. We pre­viously outlined (see Mainbrace: June 2017, No. 3) the benefits, practical uses, and chal­lenges of Unmanned Surface Vessels (“USV”) or Maritime Autonomous Surface Ships (“MASS”) (hereafter “Smart Ships”), and how evolving ship intelligence will impact future vessels, shipyards, vendors, and design and engineering firms. Continue reading “Three Technological Developments for the Maritime Industry to Watch in 2018”

Fintech Alert: Marine Insurance Embraces Blockchain Technology

Mainbrace | October 2017 (No.4)

Keith B. Letourneau and Lauren B. Wilgus

As we previously discussed in our March 2017 issue of Mainbrace, blockchain technology is continuing to prolifer- ate throughout all aspects of industry, including shipping, with Hyundai Merchant Marine (“HMM”) recently completing its first pilot voyage from the South Korean port of Busan to the Chinese port of Qingdao employing blockchain technology. Continue reading “Fintech Alert: Marine Insurance Embraces Blockchain Technology”

The Future Is Now: Unmanned and Autonomous Surface Vessels and Their Impact on the Maritime Industry

Mainbrace | June 2017 (No. 3)

Alan M. Weigel and Sean T. Pribyl

Once thought to be a mere concept on the distant horizon, Unmanned Surface Vessels (“USVs”) are garnering increasing attention in the maritime industry as a means to cut costs, increase efficiency, and enhance safety. While some view USVs as more akin to futuristic science fiction, in reality, unmanned vessels are far from a novel concept—Nikola Tesla envisioned maritime drones in his November 8, 1898, patent for “Method of and apparatus for controlling mechanism of moving vessels or vehicles.” More recently, unmanned and autonomous technology has been developed in multiple industries, in particular in the subsea sector.

Projections of practical implementation into the maritime surface sector have rapidly shifted from a mere concept decades away to the immediate future. Today, innovators are not only developing USV technology, but are also conducting on-the-water testing of USVs. As a result, the potential applications and benefits of unmanned technologies are driving investment and shaping the conversation of both regulators and the industry. The question is no longer if, but when. And the answer to when, in some regards, is now.

Continue reading “The Future Is Now: Unmanned and Autonomous Surface Vessels and Their Impact on the Maritime Industry”

Blockchain Technology: Securing and Transforming Commercial Transactions, and Its Implications for Maritime Trade

Mainbrace | March 2017 (No. 2)

Keith B. Letourneau

A recent news article about an oil commodities transaction sparked considerable interest in the maritime transportation sector when worldwide commodities trader Mercuria announced it would employ “blockchain” technology to carry it out. Previously, blockchain technology served as the foundation to secure bitcoin transactions. Now, this technology promises to supersede hundreds of years of maritime commercial practice by replacing bills of lading and attendant transactional documents and substituting a secure online mechanism to buy and sell goods. IBM CEO Ginni Rometty, in an opinion piece in the Wall Street Journal on November 7, 2016, wrote that “[t]oday, blockchain—the technology behind the digital currency bitcoin—might seem like a trinket for computer geeks. But once widely adopted, it will transform the world.”

Continue reading “Blockchain Technology: Securing and Transforming Commercial Transactions, and Its Implications for Maritime Trade”

Maritime Cybersecurity: Protecting Passengers and Their Private Information in the Maritime Industry

Mainbrace | January 2017 (No. 1)

Kate B. Belmont

Cybersecurity has become a critical focus for all industries reliant on information technology (“IT”). Massive data breaches, cyber espionage, and hacking events sponsored by nation states around the globe occur with growing frequency. Continue reading “Maritime Cybersecurity: Protecting Passengers and Their Private Information in the Maritime Industry”

IMO Interim Guidelines: Recent Developments in Maritime Cyber Risk Management

Mainbrace | September 2016 (No. 4)

Kate B. Belmont

Cyber risk management continues to be one of the most significant  challenges currently facing the maritime industry. With an overreliance on information technology (“IT”) and operational technology (“OT”), the shipping industry is vulnerable to cyber risks, cyber threats, and cyber attacks that could result in significant damages and loss, including loss of business and damage to reputation and property. While the maritime industry has yet to be regulated, various stakeholders have recognized the need for the industry to address cyber risk. As the United States Coast Guard continues to assess and evaluate cyber risk throughout the marine  transportation system, the International Maritime Organization (“IMO”) and various industry organizations have issued guidelines on cyber risk management this past year. Most notably, on May 20, 2016, the IMO approved Interim Guidelines on Maritime Cyber Risk Management (“IMO Interim Guidelines”). Continue reading “IMO Interim Guidelines: Recent Developments in Maritime Cyber Risk Management”

Updated Guidance on the Cybersecurity Information Sharing Act Of 2015

Kate B. Belmont and Sean T. Pribyl

Action Item: On June 15, 2016, the U.S. Department of Homeland Security (“DHS”) and the U.S. Department of Justice (“DOJ”) jointly issued a notice announcing the availability of the Cybersecurity Information Sharing Act of 2015 (“CISA”) Final Guidance Documents, Guidance to Assist Non-Federal Entities to Share Cyber Threat Indicators and Defensive Measures with Federal Entities and The Privacy and Civil Liberties Final Guidelines(“Final Guidance Documents”). These updated Final Guidance Documents address policies and procedures relating to the receipt and sharing of cyber threat indicators from non-federal entities and defensive measures by the federal government, as well as guidelines regarding privacy and civil liberties. Clients should seek counsel in navigating CISA and to assist with developing comprehensive cyber risk management strategies. Continue reading “Updated Guidance on the Cybersecurity Information Sharing Act Of 2015”