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.
HiLo Maritime Risk Management is saving lives in the shipping industry by changing the way companies address risk. HiLo analyses thousands of data points using a predictive risk model, producing recommendations for improved safety onboard. Armed with this information, companies using HiLo analysis can stop catastrophes in their tracks.
HiLo works across multiple asset types, with models currently available for tankers and bulk carriers. A container model is under development and ferries will follow later in 2019. Our hope is that HiLo will pave the way for further collaboration, driving industry-wide improvements in safety performance.