Overview
Every year Navigational Accidents, MARPOL violations and ISPS breaches cause owners and under-writers millions of dollars in repairs, litigation and fines the world over – with consequent increase in insurance premiums, impact on cash flows, and priceless reputational loss. Post-accidents, the perennial human factor excuse is played in public and everyone moves on – until the next accident or violation. Some facts covering these very risks include –
  • No less than 30 companies over last 5 years, have collectively paid upwards of USD 100 Million in fines and earned more than 50 years of probation for crimes related to MARPOL violations investigated in USA alone.
  • In statistics compiled by European Maritime Safety Agency (EMSA) that cover EU member state vessels - a third of world's fleet - there are some 4,000 marine casualties including 40 ships that are lost every year. Worldwide estimates are 3 times more - often caused by careless and complacent colleagues that risk the lives of their colleagues, livelihood of families back home and assets they are charged with.
  • Recent billion-dollar drug busts in USA and Africa open-up additional sources of risks that the industry must mitigate against.
Charterer-Agents
Charterer-Agents
FOREWATCH is a deep learning AI product and an industry first endeavor to undertake real time remote surveillance of ship-board operations – for pro-active risk assessment and risk-mitigation at sea. The company in its second year of operation is focusing on solving 6 main industry issues –
  • 1. Safety of Navigation
  • 2. MARPOL Violations
  • 3. Air Pollution
  • 4. Stevedore Damages
  • 5. ISPS / Drug Trafficking
  • 6. Crew Training
Our services are customized to offer varying intensity of surveillance. Levels of communication are also pre-agreed. These can vary from directly alerting the master vide telecom with daily/weekly summary by email to the respective group heads / superintendents / operator as maybe required.
Charterer-Agents
SURVEILLANCE BENEFITS
CREW PERFORMANCE MANAGEMENT
  • Plan promotions and train crew better – using crew specific dashboards that allow for evidence based performance evaluation.
  • Identify fleet wide problem areas and plan training interventions pro-actively.
  • Follow up training interventions with real time tracking of crew performance.
PROACTIVE RISK MANAGEMENT
  • Effective deterrence for MARPOL Violations, Drug Trafficking and non-compliance with SMS procedures.
  • Track Violations, Near Miss and SMS Violation trends and identify risk as and when they develops.
COSTS MANAGEMENT
  • Reduce fleet wide insurance premiums and expensive un-budgeted insurance deductibles.
For further details reach out to us at,
CONTACT DETAILS

Capt. Parag Raj Grewal

+91 9820068129 (Cellular / WhatsApp)

parag@fore-watch.com

fw1@forecastleshipping.com