The primary objective of our company is to create risk models for ocean-related operations to make the ocean a safer environment.
Ballast water may be taken onboard by ships for stability and can contain thousands of aquatic invasive species, which are then carried across the globe. Untreated ballast water released at the ship’s
Hundreds of such invasions have already taken place, sometimes with devastating consequences for the local ecosystem. For example, 5 billion dollars were spent by the US government due to zebra mussels invasion.
Our product addresses three fundamental needs: environmental, economic, and human. To prove our concept, in 2018, we partnered with the Department of Fisheries and Oceans and Transport Canada to organize their Ballast /ˈbaləst/ Water Reporting system. They are the first to use our solution, to support their decision-making process and enrich our system with their feedback. One of the components of our system is risk score calculation, which assigns a risk score for each vessel. The system allows TC to prioritize their inspections, and to become aware of environmental threats far sooner.
A live demo of our Decision Support System is available on the link in the bottom of this slide. The result of our work with TC has been a reduction in human resources from 30 to 3 people. This has allowed TC to reallocate those resources to address other needs. The success of this project shows that there are many other clients who would benefit from our product, within the regulatory, cruise, cargo, and shipbuilding industries as well as insurance companies.