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DNV Maritime

DNV Maritime and Oil & Gas Gain Deep Insight Into Maritime Markets With IHS Maritime Information Services

This leading marine classification society -- which establishes standards for the design, construction and operation of vessels -- has ready access to the largest source of data in the maritime industry. Its analysts save time with a direct connection between continually-updated ships, casualty and ports data and their own applications.

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Challenge

  • Provide access to relevant, timely and current information to support strategic goals
  • Allow customized access for market intelligence, analysis and forecasting
  • Create an application that is compatible with IT requirements

Solution

IHS Maritime with Bespoke Maritime Data Services

Results

  • Builds a detailed picture of maritime industry trends and changing needs
  • Provides access to the largest source of maritime data available anywhere
  • Saves time with a direct connection between IHS Maritime and DNV servers that enables the automatic population of DNV applications with continually updated ships, casualty and ports data
  • Allows analysts direct query and quick information about commercial and military ships
  • Gives all employees access to the maritime industry intelligence they need

DNV Gains Deep Insight Into Maritime Markets

Established in 1864 to inspect and evaluate the technical condition of Norwegian merchant vessels, DNV (Det Norske Veritas) has grown into an independent foundation with offices in 100 countries focused on safeguarding life, property and the environment. Recently, DNV divided their operations into three Organizations, one of which is DNV Maritime and Oil & Gas, a world-leading classification society headquartered in Oslo, Norway.

As a classification society, DNV establishes standards - the DNV Rules - for the design, construction and operation of vessels. DNV then verifies that new builds, operating vessels, materials and components comply with the DNV Rules, and document their compliance as needed. Ship owners that want to operate outside their flag nation’s waters must have their ship classified by a society like DNV.

Business Challenge

DNV is one of several major marine classification societies located around the world. Because ship owners can choose to work with any classification society they like, DNV must remain competitive by keeping up with changing industry needs and market demands. By closely monitoring industry trends, DNV can pinpoint new requirements—such as a need for standards for new types of ships like LNG-fuelled vessels—and then launch projects to address those needs. But in order to do so, DNV needs access to relevant, timely and current information.

The team responsible for gathering the information DNV executives need to develop their market strategy and build plans for the future is headed up by Jakub Walenkiewicz, senior market analyst, DNV Market Research.

“My team and I are supposed to be the eyes and ears of the company in terms of the market,” explained Walenkiewicz.

Much of the information that Walenkiewicz’s team use to build their view of the maritime market comes straight from maritime intelligence provider IHS Maritime. IHS Maritime has built the largest maritime database in the world and is the sole global issuing body of the IMO Ship, Company and Registered Owner numbering schemes.

One of the information services DNV relies on is IHS Maritime bespoke maritime data. Offering more than 20 databases covering ships, vessel movements, companies, ports and maritime news, IHS Maritime Bespoke Data Services enable Walenkiewicz to choose only the information DNV needs for its market intelligence and analysis work. Walenkiewicz has also been able to select the data format that best suits DNV’s IT requirements and to request DNV’s own custom data delivery frequencies.

My team and I are supposed to be the eyes and ears of the company in terms of the market.

Jakub Walenkiewicz,
Senior Market Analyst, DNV Market Research

IHS Maritime bespoke data is automatically transferred from IHS Maritime servers to DNV servers, where it is used to populate fields in DNV applications. From the raw IHS Maritime data, DNV market analysts can build models that let them better understand the maritime market.

For example, IHS Maritime ships data, which offers over 600 fields of information on ship details, ownership, historic movements, fixtures and casualties, can help DNV identify ship owners’ needs for a variety of services, understand market trends and forecast important factors such as shipping demand or fleet development. DNV also subscribe to IHS Maritime bespoke ports data, giving the company access to information on over 13,000 ports and terminals provided by industry insiders such as port authorities, operators and agents.

Along with the bespoke data offerings, DNV subscribes to information products like IHS Maritime Sea-web™ and IHS Maritime World Register of Ships. These searchable reference tools are ideal resources for locating intelligence on ships, their locations and the companies behind them. Sea-web offers up to 600 data fields on over 190,000 ships of 100 GT and above, while the World Register of Ships provides a fully integrated database of commercial and military vessels, including information on over 12,000 fighting ships. With these two IHS Maritime tools, Walenkiewicz and his colleagues at DNV can easily search for, group, sort and export information about ships.

And since keeping up with industry news is important to just about everyone in the DNV maritime Organization, DNV also subscribe to IHS Maritime Daily Newbuildings News, a daily email service with reports on newbuilds. The information provided by the publication includes a summary of newbuilds along with details on contracts, negotiations and confirmed orders. The news service is available to all DNV Maritime and Oil & Gas employees through the DNV intranet.

“My philosophy is to make data available to everyone rather than waiting for a phone call from someone asking for more information,” said Walenkiewicz.

Business Benefits

  • Helps DNV build a detailed picture of maritime industry trends and changing needs
  • Provides access to the largest source of maritime data available anywhere, which is also validated by the sole global issuing body of International Maritime Organisation (IMO) ship, company and registered owner numbering schemes
  • Saves time with a direct connection between IHS Maritime and DNV servers that enables the automatic population of DNV applications with continually updated ships, casualty and ports data
  • Lets DNV analysts directly query and quickly find information about commercial and military ships
  • Gives all DNV Maritime and Oil & Gas employees access to the maritime industry intelligence they need
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