Samsung Heavy Industries and PAN OCEAN signs MOU for development of comprehensive digital solutions.

· The partnership aims to demonstrate a digital twin(DT)-based ship management platform.

· It is expected to lead the autonomous ship market with advanced DT technology.

Samsung Heavy Industries and PAN OCEAN have officially entered into a “collaboration for development of comprehensive digital solutions” on the 19th with a strong emphasis on maximization of operational efficiency through a digital platform.

Under this agreement, Samsung Heavy Industries plans integration of its “Digital Twin-based Ship Management” platform to the Pan Ocean’s 174,000m³ LNG carrier, NEW APEX, in January 2024 for demonstration.

This intelligent AI-based ship management platform is to analyze navigation data in real time, enabling integrated management and maintenance of all systems in a ship with optimization, and thereby maximizing cost savings in ship operation(OPEX).

Following the demonstration of the platform, both companies plan to continue their collaboration to expand application of the digital solutions for autonomous navigation.

Jung Jin-taek, President of Samsung Heavy Industries, stated, “Samsung Heavy Industries is focusing on Digital Twin, a core technology in autonomous navigation, and will further enhance its skills through this collaboration to lead the global market.”

Ahn Jung-ho, CEO of PAN OCEAN, remarked, “The maritime transport sector is certain to undergo significant changes from a digitalization perspective, driven by the need for next-generation communication networks, environmental regulations, and energy conservation. PAN OCEAN will do its utmost with navigation expertise to set the standards when it comes to the digitalization in the shipping industry through the results of this collaboration. ”