HiLo was founded in 2016 by Shell Shipping and Maritime, Maersk Tankers A/S and Lloyd’s Register Consulting as an independent joint industry initiative. The project was set up to echo hugely successful predictive risk modelling projects from rail and aviation in the maritime industry. In this industry, the data required is currently collected onboard, but not used to its full potential. With HiLo, crews have a vested interest in providing the highest quality data, as it has a direct impact on their own safety.
What do we do?
HiLo Maritime Risk Management is saving lives in the shipping industry by changing the way companies address risk. HiLo has created a sophisticated statistical model which translates near miss, accident and incident data from our subscribers into a comprehensive risk profile for each company and the HiLo fleet as a whole. Armed with this analysis, companies using HiLo analysis can stop catastrophes in their tracks. All reports are anonymised, meaning each customer gets the opportunity to learn from others' experiences without putting their information at risk.
Who are our customers?
HiLo works across multiple asset types, with models currently available for tankers and bulk carriers. The container model will launch in Quarter 4 2019 and is currently accepting applications. A model for ferries and passenger ships will be developed in 2020.