Expected to be the next frontier for sustainable business growth in the maritime industry

Global maritime industry stakeholders call for cohesive ecosystem for the BigData era

Dubai – UAE, November 21, 2016

Bahri, a global leader in logistics and transportation convened key global maritime industry stakeholders at the inaugural edition of the Bahri “Sailing the BigData Era 2016” Forum to discuss the need, solutions and potential impact of big data computing. The forum was recently held in Dubai and attended by over 150 industry experts, business leaders and decision makers who discussed ways to harness the power of data innovation to enhance productivity, unlock opportunities for growth and transform the existing operations model in the shipping industry.

Highlighting the importance of smart business decisions that result in an increase in the bottom-line and productivity as extremely critical to the overall growth and sustainability of any organization and its capability to grow stakeholder value, Bahri CEO, Ibrahim Al Omar said, “The evolution of technology has impacted nearly every facet of our lives and the maritime industry is no different. There is huge potential for the usage of Big Data computing in the maritime industry, to aid business leaders and senior executives in making informed and confident decisions that result in greater operational efficiency, cost reduction and reduced risk, and provision of value-added customer services.”

“The maritime industry amasses volumes of data, nearly 110 million data points, every day, which can be leveraged through Big Data computing to drive innovations that will have a transformative impact on the global maritime industry,” added Al Omar.

Speaking about the adoption of BigData solutions in the maritime industry to drive better asset utilization and improvements in the top- and bottom-lines, Anwar Siddiqui, Advisor to the Bahri CEO said, “Although Big Data is expected to be the next frontier for sustainable business growth in the maritime industry, it comes with certain challenges such as data capture, curation, storage, transfer and information privacy. Hence there is a need to engineer a solution to manage and analyze the data and derive valuable insights.”

As the pioneer and foremost exponent of data-driven decision-making in the maritime industry, Bahri has created a dedicated Big Data business unit – called BahriData. “Data capture, analytics and conversion into actionable insights will help transform the global maritime industry into a smarter, more informed and better prepared one, to face the demands and challenges of tomorrow,” added Siddiqui.

The Bahri “Sailing the BigData Era 2016” Forum concluded with a presentation on “Value of BigData in Shipping” from Samer Bohsali, Vice President of Strategy& as well as two panel discussions on “Value of BigData in Shipping” and “BigData solutions in the Maritime Industry”. Panel participants included industry experts such as Jonathan Lee, CEO, Tankers International, Cameron Mackay, COO, Scorpio Group, Peter Grindrod, Professor, Oxford University, and John Schmidt, President and CEO, McQuiling Partners among others.

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About Bahri:
Established in 1978, Bahri is one of the world’s foremost logistics and transportation companies playing a leading role in the transformation and growth of the global shipping industry through innovation and delivering value-added onshore and offshore services. As a global leader in the logistics and transportation industry, Bahri has five business units that provide diverse services including transportation of crude oil, oil products, chemical, bulk and general cargo as well as ship management.

Bahri is the second largest owner of Very Large Crude Carriers (VLCCs) in the world and the largest owner of chemical tankers in the Middle East. Presently, the company owns 83 vessels including 36 VLCCs, 36 chemical/product tankers, 6 multipurpose vessels and 5 dry-bulk carriers with additional 10 VLCCs on order.

Bahri is committed to playing an integral and leading role in realizing the Kingdom’s 2030 Vision by continuously enhancing and expanding its services and presence across the world, enabling the opening of new trade routes, and positioning Saudi Arabia as a unique regional logistics gateway to three continents.

Bahri has around 2,400 (including sea staff) dedicated employees across its global network of offices in Saudi Arabia, UAE, USA and India.

For more information please visit:
www.bahri.sa 
https://www.facebook.com/OneBahri/  
https://twitter.com/onebahri 
https://www.linkedin.com/company/bahri

© Press Release 2016