Innovative Approaches to Maritime Safety: Lessons from HiLo 

Maritime safety risk management is the process of identifying, assessing, and controlling risks associated with maritime operations. This includes things like ship operation, cargo transportation, and even port activities. 

With the financial, environmental, and reputational risks of catastrophes at sea growing more every year, shipping companies need to use increasingly innovative approaches to maritime safety to ensure they are protecting their people, vessels and profits. 

Maritime safety risk management plans 

The overall goal of a maritime safety risk management plan is to ensure the safety and security of people, property, and the environment at sea, by: 

• Identifying all potential hazards that could occur at sea, from bad weather to mechanical failures. 

• Assessing these issues in terms of their likelihood and severity. 

• Controlling risks by reducing the likelihood of them occurring, or their impact if they do occur. 

There are different risk control methods, which can involve things like improved training for crew, better maintenance procedures, and security measures to prevent piracy. 

There are international regulations and guidelines in place that require maritime organisations to have a risk management plan in place. Following best practices in maritime risk management can help to improve safety, efficiency, and compliance with regulations.  

Maritime safety risk management plans through HiLo  

HiLo’s maritime safety risk profiling uses innovative approaches to understand each organisation’s operations and potential risks. Our world-leading experts analyse your existing data to discover your biggest risks both now and in the future.  

This personalised risk analysis highlights the ‘leading indicators’ which collectively can cause the biggest catastrophes – even when they do not pose a significant issue on their own. HiLo’s targeted approach helps you protect your crew, improve your self-assessments, and ultimately increase the commercial appeal of your fleet.  

HiLo’s innovative approaches to maritime safety 

HiLo’s ground-breaking tools helps shipping companies take control of risks, improve risk self-assessment scores by up to 48%, and improve their safety and commercial reputation. 

By partnering with the more than 50 companies and 2,500 vessels from 5 types in our fleet, we unlock the power of big data and revolutionise maritime safety risk management, through innovative approaches only made possible by the data and tools at our disposal. 

Our end-to-end maritime safety risk management solutions give you everything you need to reduce risk to your vessels and crew. Firstly, our automated systems collect and standardise your data at the touch of a button Then our world-leading, peer-reviewed statistical analysis highlights your key areas of risk. Finally, we help you create practical, step-by-step solutions to these issues. 

As our name suggests, our focus is on preventing high-impact, low frequency events. We analyse the causes behind rare but potentially catastrophic events like explosions, collisions, and pollution spills. 

Through our fleet, we have a vast amount of maritime data, including inspection reports, near misses, and defect data. By analysing all this data, our Pinpoint tool can find the issues that are most significant, yet most difficult to spot. These ‘leading indicators’ are the root causes behind major catastrophes, but can seem insignificant on their own.  

Benefits of a HiLo maritime risk management plan

• Improved safety: By focusing on significant events, HiLo aims to prevent major accidents and save lives at sea. 

• Reduced costs: Proactive risk management can help to avoid costly repairs, pollution cleanups, and potential legal liabilities. 

• Enhanced efficiency: Improved decision-making based on data insights can optimise operations, leading to cost savings and time efficiency. 

• Benchmarking and industry improvement: Data sharing through HiLo helps to identify broader industry risks and promotes collaborative solutions for better maritime safety. 

Predictive analytics—an innovative approach to maritime safety 

HiLo’s predictive analytics goes beyond traditional methods to create a personalised safety roadmap for your unique operations. By leveraging data analytics, we gain a deep understanding of your specific vulnerabilities and hazards. 

Our innovative approach to predictive analytics uses sophisticated algorithms to create a personalised risk profile for each vessel and fleet, meeting the specific needs and operating profile of each of our customers. This allows shipping companies to proactively address potential issues and allocate resources where they are most needed. Our statistical models are based on a huge and varied dataset and predict risks with over 98% accuracy.  

Our predictive analytics team boasts over 200 years of combined maritime experience. This expertise goes into building our models and analysing your data, ensuring insights are based on real-world scenarios.  

Using HiLo’s data and analysis, shipping companies can – for the first time in the development of maritime safety risk management – prioritise issues to fix based not on their individual severity, but on their potential long-term impact. Examining each individual risk, we can identify hidden patterns and predict the causes of potential major catastrophes before they occur. 

Best of all, HiLo’s tools don’t just identify your maritime safety issues; they offer actionable insights into how to solve them. Our web-based SaaS tools Pinpoint and Pulse discover risk hotspots and recommend proactive measures to prevent incidents before they happen.  

Benefits of HiLo’s innovative approaches to maritime safety 

• Raise your maritime self-assessment scores by up to 48% with targeted responses. 

• Proactively address human error risks identified by Pulse, ensuring your crew have safer voyages. 

• Increase your commercial appeal and enhance your company’s reputation through a demonstrably strong and improving safety record. 

Maritime safety from HiLo’s maritime risk management 

HiLo’s tools, experts and experience can collate and sort your shipping data, plus analyse your risk management plan and maritime safety processes. We find your biggest risks – both now and in the future – and show you exactly how to solve them, step-by-step.  

HiLo’s innovative approaches provide substantial improvement to maritime safety for our customers. Vessels in the HiLo fleet have saved over $130 million in the past year, by reducing injuries year-on-year and preventing over 2,018 incidents across the fleet.

Improve your maritime safety with HiLo 

Get in touch with us today to discuss how HiLo can help you deliver your maritime risk management plan, using innovative approaches to help you optimise your maritime safety; protect your vessels, crews and the environment; and improve your bottom line.