HD현대, ABS, and LISCR Collaborate to Develop AI-Powered Ship Structure at Posidonia 2024

HD현대 has signed a Memorandum of Understanding (MOU) with the American Bureau of Shipping (ABS) and the Liberian International Ship and Corporate Registry (LISCR) at Posidonia 2024 in Athens, Greece. The agreement aims to develop a new ship structure using Artificial Intelligence (AI) technology to eliminate vessel blind spots.

The MOU was signed on June 3, 2024, during Posidonia 2024, a prominent maritime exhibition held from June 3 to 7. HD현대, along with five other companies, showcased eco-friendly ship models, including methanol-powered VLCC, container ships, and future LNG carriers. The company also displayed its next-generation low-carbon fuel-related technologies.

The key participants in the signing included HD현대 Vice Chairman Chung Ki-sun, ABS Chairman Christopher J. Wiernicki, and Michalis Pantazopoulos, General Manager of the Liberian Registry (LISCR) Hellas. Senior executives from the three institutions were also present.

The collaboration aims to create a ship structure that can remove vessel blind spots by leveraging AI technology. This innovative development is expected to enhance safety and efficiency in the shipping industry. The ship will use cameras to capture images of blind spots, which will then be reconstructed and visualized using AI technology.

The development of AI-powered ship structures has significant implications for the maritime industry, potentially leading to enhanced safety and efficiency. The industry's shift towards alternative fuels and emissions reduction targets positions this technology to drive fundamental change and reduce environmental impact.

ABS and LISCR will jointly develop regulatory changes to support HD현대's new ship structure. These changes will enable the company to take the lead in commercializing new technologies and AI-based ship markets. HD현대 expects to receive basic approvals (AIP) from the UK's Lloyd's Register (LR) and the American Bureau of Shipping (ABS) for its ammonia-fueled ship and electric propulsion system.

HD현대 Vice Chairman Chung Ki-sun stated, "By developing future ships through the convergence of eco-friendly and digital technologies, we will take the lead in responding to technological changes and drive the transformation of the ocean."

The development of this new ship structure is vital in light of the maritime industry preparing for the implementation of the FuelEU Maritime regulation, which comes into force in 211 days. ABS Chairman Christopher J. Wiernicki highlighted the potential impact of this regulation on the industry, stating that it will "turbocharge return on investment in alternative fuels technology" and drive fundamental change in the industry.

HD현대's initiative to develop AI-powered ship structures marks a significant step towards enhancing maritime safety and efficiency, while also addressing the industry's shift towards alternative fuels and emissions reduction targets.

Key Takeaways

• HD현대 signs MOU with ABS and LISCR to develop AI-powered ship structure.
• Aims to eliminate vessel blind spots, enhancing safety and efficiency.
• Collaboration will create regulatory changes to support new technology.
• Development marks a step towards alternative fuels and emissions reduction.
• Initiative prepares industry for FuelEU Maritime regulation implementation.