This year's Annual Review reports strong financial results, continued strategic progress and enhanced support for shipowners operating in an increasingly complex and uncertain global environment.
Please use the tabs at the top of this page, or the arrows at the bottom, to move between each section of the report.
As part of our ongoing commitment to delivering exceptional service and bringing cutting-edge technologies to the maritime market, we have chosen to collaborate with Orca AI, a groundbreaking AI and Computer Vision expert for the maritime industry – part of the Get SET! Safety & Efficiency Technologies presented by NorthStandard.
In an era marked by unprecedented advances in maritime technology, the shift towards data-driven decision-making is improving the safety, efficiency, and sustainability of shipping operations. At the forefront of this revolution is Orca AI, offering a pioneering automated situational awareness platform that empowers decision-makers on board and on shore.
Watch to understand more about how the AI based maritime navigation assistant helps to ensure that vessels can reach their destinations safely and efficiently, regardless of weather conditions or vessel congestion.
Navigational risk is evolving as global shipping faces increasing traffic density, higher asset values, and growing operational complexity. In response, shipowners and insurers are turning to data and AI-enabled decision support to better understand where risk exposure is greatest—and how it can be reduced in practice.
This report presents an independent analysis of anonymised data from 139 vessels, covering 139 ship-years and more than 10.8 million nautical miles of global trading. Drawing on real-world operational data, the report examines how AI-assisted watchkeeping influences navigational behaviour and collision risk over time.
The findings demonstrate that carefully deployed AI-powered situational awareness can deliver meaningful and sustained improvements in navigational safety—reducing high-risk encounters, strengthening adherence to Safety Management System (SMS) practices, and supporting earlier, more controlled decision-making across both open waters and congested shipping corridors.
The Orca AI platform acts as a fully automated watchkeeper ensuring that vessels can safely navigate through challenging weather conditions and vessel congestion with limited visibility. In addition, Orca AI provides those on shore with unprecedented visibility into fleet operations, allowing shipowners and operations leaders to identify safety gaps and trends that require action.
By mimicking human watchkeeping 24/7, the SeaPod reduces the crew’s cognitive load, especially in complex marine traffic situations, enabling them to focus on critical decisions amidst ever-changing scenarios.
All marine object detection regardless of size or distance, including non-AIS targets like fishing vessels, floating containers, and sea mammals.
225° field of view in daylight and 100° coverage at night and in low visibility conditions
Alerts on high-risk marine targets
24/7 event recording
Designed with durability for marine environment/various weather conditions, including humidity and temperatures ranging from -20°C to +40°C.
Orca AI‘s FleetView utilises connectivity to link ships to shore, delivering shipowners and onshore operations leaders comprehensive visibility into fleet operations.
By using FleetView, operations leaders can monitor and improve operational KPIs and make data-driven decisions. In addition to providing insights into fleet compliance with maritime regulations (COLREG) and company’s safety policy (SMS), FleetView identifies patterns and provides real-time alerts on a variety of events, including:
Close encounters with other ships
Under Keel Clearance (UKC) violations
Extreme Pitch & Roll
Extreme SOG drop
Extreme Rate Of Turn (ROT)
The Orca AI platform is already utilised by many leading shipping companies worldwide and we, at NorthStandard, believe that it will quickly deliver safety and operational benefits to those that deploy the solution.
Features
Remote access and monitoring – to facilitate timely intervention and assistance from on-shore teams
User-friendly interface – intuitive and simple to use
Benefits
Enhanced safety – real-time alerts and predictive insights, allowing shipowners to address potential hazards before they escalate.
Optimised efficiency – allows crew members to navigate safely and reduce fuel consumption, operational costs and emissions
Improved situational awareness – real-time data and insights equip crew members with the knowledge and skills required to confidently navigate challenging marine settings
Orca AI possesses the world’s largest maritime visual dataset, comprising four years of data from 50 vessels, totaling 20 million nautical miles (NM) or 200 years of global sailing. This data, synchronised with inputs from GPS, Radar, AIS, depth, wind, rudder, and gyrocompass sensors, enhances the accuracy of Orca AI’s navigation solutions.
NorthStandard members can take advantage of our special partnership with Orca AI with access to an exclusive offer on the platform. For more details about this offer and its benefits, please get in touch with your usual Loss Prevention club representative.
