Episode 94: Maritime Digitalization Year in Review 2024 with Evan Efstathiou
The Last Dinosaur - Maritime Shipping In The Digital Age
Release Date: 12/23/2024
The Last Dinosaur - Maritime Shipping In The Digital Age
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Connecting Ships with Local Experts Guest: s, COO, Episode Overview: Former seafarer and now COO of Vsltec, Manos Koukouvios shares how a real off-hire HVAC failure in West Africa sparked the idea for a vetted, location-based network of technical service providers. We talk about building a two-sided marketplace in shipping, managing expectations in a “WhatsApp world,” and what founders should really focus on when starting in maritime tech. ⭐ Sponsor: Accelleron – LOREKA360° Emissions Desk You Should Be Operating Ships, Not Filing Paperwork Accelleron’s LOREKA360°...
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From Excel to Foresight: Ingrid Kylstad on Building Resilient, Low-Carbon Supply Chains Guest: , Managing Director, Episode Overview: Ingrid Kylstad joins Chris to unpack how Klaveness Digital’s helps industrial shippers shift from day-to-day firefighting to foresight-driven planning. They dive into digital twins for the seaborne supply chain, AI-enabled scenario modeling, change management in B2B software, and what it will take to build resilient, decarbonized, and cost-effective supply chains. As part of our Challenge series, this conversation spotlights practical innovation that...
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Episode Title Episode 120: From F1 to Wind Wings: John Cooper on Data-Driven Decarbonization Guest: CEO, Episode Overview: How motorsport-grade simulation, digital twins, and on-deck feedback are turning wind-assisted propulsion into real fuel and CO₂ savings—especially for smaller operators. Key Points: F1 → fleets: Simulation culture applied to ship design. Digital twin: ShipSEAT models routes; guides real voyages. Crew buy-in: Pride, stability, and daily “CO₂ saved.” Retrofit ROI: 25-year wings move between vessels. Smart routing: Engine + wind changes voyage planning. SME...
info_outlineEpisode 94: Maritime Digitalization Year in Review 2024
Guest: Evangelos Efstathiou, Managing Director of SkySail Advisors Ltd and Chief Executive Officer of Burmester & Vogel
Editor's Note: Please note that there were some minor audio inconsistencies on the host's side during this episode. We appreciate your understanding and hope you enjoy the discussion!
Episode Overview: In this annual tradition, Christopher Aversano is joined by Evangelos Efstathiou for the third year in a row to review the year in maritime digitalization and tech. They discuss the biggest trends of 2024, including the evolution of AI in the maritime industry, private equity’s increasing influence, and the critical intersection of decarbonization and digitalization. Evangelos also shares updates on SkySail’s exciting partnership with AMA Capital and Burmester & Vogel’s game-changing advancements in AI for demurrage management.
Key Points:
- AI’s Transformational Role: AI’s integration in maritime operations has moved beyond hype, with practical applications driving revenue growth and operational efficiency. Burmester & Vogel’s AI solutions now account for 25% of its revenue, highlighting the technology’s real-world impact.
- Regulatory Push Toward Decarbonization: 2024 saw an increased focus on decarbonization initiatives such as FuelEU, with digital tools playing a pivotal role in tracking and optimizing emissions.
- Private Equity and Platform Consolidation: Evangelos highlights Kpler’s acquisition of Spire Maritime and MarineTraffic as an example of the ongoing trend of private equity-backed consolidation in maritime tech.
- SkySail’s Partnership with AMA Capital: The collaboration combines SkySail’s maritime tech expertise with AMA Capital’s proven investment banking capabilities, creating a new suite of services for maritime tech investments.
- The "Real AI" at Burmester & Vogel: After three years of development, Burmester & Vogel’s AI tools for demurrage management are redefining the workflow, automating processes, and significantly reducing human labor.
- Challenges in AI Adoption: While enthusiasm for AI is high, customers are navigating the noise created by vendors offering AI solutions without clear value. Evangelos draws parallels with the blockchain buzz five years ago.
- Consolidation in Maritime Efficiency Solutions: A bold prediction for 2025 suggests significant mergers between software and hardware players, offering holistic efficiency services from hull coatings to weather routing.
- Interest Rates and VC Funding: Rising interest rates have forced startups to focus on self-sustaining economics, challenging maritime tech ventures to prove product-market fit in a high-CAC environment.
Special Mention: Christopher Aversano’s podcast is proud to be a media sponsor of London International Shipping Week, coming in September 2025. Stay tuned for more updates on this exciting collaboration!
Learn More: Check out Episode 89: Seafarers, Decarbonization, and Diversity at Sea with Ralph Juhl, EVP, Technical at Hafnia
Tune in Now: Available on Spotify, Apple Podcasts, and more! Watch the episode on YouTube.
Music by: Peg and The Rejected 'King of SKA'
Art Work By: GA Design
Produced by: Chris Aversano
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