Cookies help us deliver the best experience on our website. By using our website, you agree to our use of cookies Dismiss

Wallem CEO sets out strategy for change

Wallem CEO Frank Coles Wallem CEO Frank Coles

Wallem has updated its corporate identity to mark the beginning of a profound shift in its service offering that will harness the latest technology to improve asset management transparency and efficiency in a program intended to transform the relationship between owners and their ships.

{mprestriction ids="1,2"}The new corporate identity and logo reflects Wallem’s ambition to establish a fundamentally new approach in collaborating with vessel owners and deliver on its vision of being ‘the leading provider of technology-driven maritime solutions in a customer centric and transparent manner’.

The refreshed strategy is built on three fundamental values: supporting quality through safety; transparency through technology; and service through support. Combined, these principles will enable Wallem to enhance its current offerings, including safety management and compliance, crewing, training, asset and commercial management, and ship agency, among others. They will also provide momentum for the introduction of new services required by vessel owners, such as technology consultancy.

Wallem CEO Frank Coles believes a lack of transparency is inhibiting collaboration and preventing owners from making the most of their vessels. “Giving owners a clearer view of fleet performance and operational status paves the way for building a more constructive relationship. Wallem has an opportunity to grow by taking the initiative in tackling the shortcomings of the traditional model,” he said.

“The new business model with technology also means that transparency is also needed in the new model in terms of business ethics and transactions for gaining business.  This is not only about clarity of the operations but how you get the business in the first place!” Mr Coles added.

The Wallem CEO believes that clarity is key to making better decisions and ultimately improving performance. It will help at a fleet-level by maximising asset utilisation, at a vessel-level by helping individual ships run at peak operational capacity, and at an owner-level by helping them address ever more stringent regulatory requirements and get to grips with emerging trends such as digitalisation.

“We want to be consultative experts and provide world-class support to owners as they grapple with industry-wide challenges such as IMO’s sulphur cap and the menace of cyber-threats, whilst maintaining a competitive edge in an increasingly tight market,” Mr Coles added.

“These are the issues shipping is contending with as we head into the 2020s and the current approach to ship-management just isn’t compatible. By identifying what matters, our new vision sets us on a path to fix that disconnect once and for all.”

Mr Coles believes that as Wallem positions itself for growth, the combination of transparency and technology is conducive to delivering a consistently high level of customer service around the globe. “There is no industry inherently more global in nature than shipping. In today’s interconnected world – both technologically and economically – there is no justification for regional variations in how owners are supported,” he concluded.{/mprestriction}

 

Related items

  • Inmarsat investigates the role of technology in enhancing crew welfare

    Inmarsat has published a new report focusing on the way technology can benefit crew safety, health and wellbeing at sea, at a moment when COVID-19 has exposed the welfare of seafarers to global scrutiny.

  • G2 Ocean and Greig Star join Norway’s $20M autonomous ships project

    The Research Council of Norway is awarding more than USD 20 million to Norwegian research project Safe Autonomous Ships (SFI Autoship). The strategic research project studies methods and technology for enabling safe and secure autonomous operations of maritime vessels.

  • ABB boosts safety and efficiency of Roll Group’s vessels

    ABB has won a contract to supply its digital solution ABB Ability Marine Advisory System – OCTOPUS to Roll Group’s latest vessel, BigRoll Biscay. The ABB marine software improves the safety and efficiency of ship operations by optimising the route based on weather and forecasted vessel motions.

  • Laser sensor tech provides huge potential for maritime industry

    Research scientist and entrepreneur Sverre Dokken believes laser-based remote sensing has big potential in the maritime domain and could reduce navigational risk by up to 50 per cent.

  • RightShip launches new Safety Score

    Maritime risk management and environmental assessment organisation RightShip has launched a new Safety Score to improve safety and risk management in the maritime industry. The Safety Score was launched in response to industry demand for more transparent methods of assessing vessels.

    RightShip has spent the last two years working in collaboration with stakeholders from across the shipping industry to develop the new Safety Score, which provides a metric that is explainable, transparent and only includes factors which are in the control of the operator, to help support improved safety across the entire maritime sector.

    The Safety Score will be housed on the new RightShip Platform, which will replace the current platform Qi as well as the predictive Risk Rating once the Safety Score goes live. The announcement is being made before its formal launch in September 2020, to provide the maritime industry with a period of time to prepare for the switch over.

    RightShip’s previous Risk Rating predicted the likelihood of a vessel having an incident across the next 12 months. The new Safety Score focuses on providing the operational performance at the vessel, DOC holder, flag and class level.

    The Safety Score uses a refined methodology that analyses the severity of any previous incidents, the frequency of incidents and any previously identified detentions and deficiencies for a given vessel. The new score also takes account of the proactivity of owners, operators and managers in managing safety and risk, by looking at their responsiveness to incidents, deficiencies or detentions. This, in turn, helps to provide a clear, identifiable path towards improving safety standards and processes.

    It creates a level playing field for all vessels on the water, regardless of type, size, age or builder, allowing industry participants to benchmark their safety procedures against the sector’s best performers. It is intended to help users gain an initial perspective on the operational performance of a potential charter, and to encourage shipowners to invest in improved processes and technologies that make the entire supply chain safer.

    Martin Crawford-Brunt, CEO at RightShip, said: “Since 2001, RightShip’s mission has been to help improve safety across our industry. An important element of this mission has been to ensure that we provide the market with the tools that ultimately help to underpin that pursuit of continuous improvement. Our new Safety Score recognises considerable industry feedback calling for greater transparency and control of ratings, and is the result of widespread collaboration with owners, operators, managers, charterers and others across this global industry.

    “We have created a balanced score which can be used by all members of the supply chain. For our due diligence customers, it provides a clearer insight to the operational performance of a vessel and DOC holder. The Safety Score is an indicator designed to be used as one of many factors in the due diligence process. Coupled with maritime expertise, it allows for the assessment of a nominated vessel and the provision of a vetting recommendation for a charterer.

    “For the shipowning community, the new Safety Score takes into account management performance and approach, giving owners a true understanding into how they can improve safety across multiple parameters. It also encourages shipowners to invest in system improvement, processes and technologies that make the entire supply chain safer.

    “We believe that this will support improving wider safety standards across the industry and drive a new conversation within shipping about how we manage risk whilst safeguarding our operations, which is particularly important in our current environment.”

    Over the coming months, RightShip is providing a range of resources to support the launch of the new Safety Score and facilitate the transition. These include educational webinars and a dedicated resource page at comingsoon.RightShip.com.

Joomla SEF URLs by Artio

Login/Register

Register or Login to view even more of our content. Basic registration is free.

Register now

Digital Ship magazine provides the latest information about maritime satellite communications technology, software systems, navigation technology, computer networks, data management and TMSA. It is published ten times a year.

 

Address:
Digital Ship Ltd
Digital Ship - Digital Energy Journal
39-41 North Road
London
N7 9DP
United Kingdom

Copyright © 2019 Digital Ship Ltd. All rights reserved           Cookie Policy         Privacy Policy

x