Abstract

Nowadays, shipping firms have discovered faster connectivity for their ships, not only for the captains but also for the shipping industries. Most of the ships have developed floating offices in their ships that provide crews and captains with email, secure Internet connections, route planners, virtual networks, and a variety of other systems. However, this is the correct time for shipping firms to invest in emerging smart technology that can increase the ship's performance and streamline and even reduce the running costs of the ships. This is possible only with emerging technologies like artificial intelligence and machine learning. Smart computers can store enormous volumes of data and perform even more quickly than humans. The growth of smart technologies like machine learning, artificial intelligence, big data, and data science in collaboration with the shipping industry gives a significant benefit to the ship owners. The greater usage of AI, big data, and ML gives a greater investment. Machine learning algorithms can accommodate data that covers almost the entire history of a vessel's life. The aim of this paper is to provide a technological overview of smart technologies in the shipping industry.