Photo: John Konrad/gCaptain

ABS Launches ‘Industry First’ Software Company to Streamline Fleet and Risk Management

Mike Schuler
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November 30, 2022

On the floor of the International Workboat Show in New Orleans, the American Bureau of Shipping (ABS), a leading international classification society, today launched ABS Wavesight™, described as an “industry first” maritime software as a service (SaaS) company dedicated to helping shipowners and operators streamline compliance.

“Today marks a very important step for ABS and I’m really excited to officially unveil the [ABS Wavesight] name brand and website,” said John McDonald, ABS’ Executive Vice President and Chief Operating Officer, during the ribbon cutting ceremony.

ABS Wavesight is built on ABS’ 160-years of experience promoting maritime innovation and safety, combining the industry-leading Nautical Systems™ and My Digital Fleet™ platforms, which are collectively installed on more than 5,000 vessels across the global fleet.

“ABS Wavesight stands well above other maritime software companies by uniting the expansive offerings of Nautical Systems and the innovative performance and compliance tools of My Digital Fleet into one powerful new SaaS business,” said Christopher J. Wiernicki, ABS Chairman, President, and CEO. “ABS Wavesight complements ABS’ core classification services and is an important part of our overall enterprise strategy to support our clients and the industry in the development of cleaner, smarter and safer shipping operations.”

ABS Wavesight distinguishes itself from competitors by providing purpose-built, integrated solutions for a cohesive user experience that reduces costs, improves safety and designs out inefficiencies.

Key benefits of the software include providing risk-based business intelligence with the ability to support predictive decision-making using artificial intelligence; CII impact calculation and prediction to avoid risk and improve the score; greater insight into fuel spend while improving the efficacy of vessel routes; and seamless integration of industry-trusted, third-party data into one single platform.

“Our vision for ABS Wavesight is to provide our clients with unmatched value through a suite of products that offer integrated solutions vs. fragmented vendor offerings, open APIs vs. closed systems that don’t share data, and a flexible architecture for easy system integration and maintenance vs. costly upgrades every few years,” said Paul Sells, ABS Wavesight CEO and President and Silicon Valley veteran. “Our primary focus is developing software that helps clients gain more visibility into their existing operations to mitigate risk and deliver operational excellence as shipping pushes toward a new horizon.”

ABS Wavesight’s flagship products include My Digital Fleet, an AI-driven analytics and performance visualization platform, and Nautical Systems, the fleet management system that provides comprehensive tools to improve reliability and performance. ABS Wavesight builds on these capabilities by integrating both products to offer visibility into fleet assets and real-time insights that drive sustainable operations and reduce operational risks.

In launching ABS Wavesight, ABS has already inked industry partnerships with Kongsberg Digital and Sofar Ocean, along with leading operators and owners, such as Capital Ship Management and Diana Shipping Services S.A., which are implementing the My Digital Fleet platform to support organizational sustainability goals.

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