ClassNK certifies Alpha Ori’s AssetAI as Innovation Endorsement for Products & Solutions
Leading Classification Society ClassNK has certified AssetAI, developed by Alpha Ori, as Innovation Endorsement 1 for Products & Solutions, under its certification service for innovative technologies.
In July 2020, to promote the spread and development of innovative technologies, the Society launched Innovation Endorsement as a swift certification service in cooperation with technological front runners to establish appropriate evaluation criteria. Among the certification categories, “Products & Solutions” covers digital equipment and software technology installed for use on vessels.
Alpha Ori’s AssetAI is the predictive maintenance solution running on a real time basis, learning from sensor data of associated assets and utilizing the right machine learning algorithm to provide actionable insights. In addition to monitor equipment degradation, catch anomalies and prevent failures, the s
Speaking at the Shipbuilding Market Outlook session at the Sea Asia Virtual Preview, Gu Hai, vice president, Singapore Innovation and Research Center, ABS said that when the pandemic hit, the orderbook for newbuild vessels over 2,000 dwt was at a 30-year low.
The orderbook at the start of 2021 stood at 8% of the world fleet in gross tonnage terms, down from 52% at its peak in 2008. Over the same period, the number of active yards fell from 930 to 391.
“We had a good start this year with 169 new orders by the end of March, and a Clarksons projection of about 1,100 new orders this year. There’s some good news,” said Gu. Tightening regulation such as EEXI and CII create replacement pressure on the fleet which will support the orderbook in the longer term, he added.