Lloyd’s Register has announced the launch of LR Ports Advisory, a new initiative to support ports in addressing the complex challenges they currently face.
With the maritime sector facing pressures from geopolitics, sustainability, security, and technology, the advisory LR Ports Advisory will offer strategic advice on port risk management, performance optimisation, investment planning, energy transition, and asset management.
Ports Advisory senior vice president Kamran Ul Haq said: “LR Ports Advisory understands the increasingly complex landscape that today’s ports operate in. While the challenges may be shared, each port is different, and a tailored approach is needed for a sustainable future.
“Our deep seam of industry knowledge, drawn from across LR, enables us to provide ports with the insights they need to achieve their ambitions, whether they be attracting and retaining customers or future-proofing assets.”
The launch coincides with numerous ports worldwide facing the challenges posed by rising maritime traffic.
Although technological and digital solutions can improve performance and increase capacity, they also bring with them heightened exposure to cyber risks.
Additionally, physical challenges, including rising sea levels and the incorporation of future fuels into energy supply chains, necessitate strategic planning and investment to ensure the long-term sustainability of port assets.
Port operators looking to expand into new regions will also find a valuable partner in LR Ports Advisory, according to LR.
LR Advisory director James Frew said: “Our new team of port experts, supported by the wider LR Advisory and LR business, are ideally placed to deliver expert advice to the ports industry.
“Our valued relationships with regulators, intergovernmental agencies and industry players also enable us to deliver actionable plans to our clients, to help ports implement optimised and sustainable operations in line with their commercial realities.”
In a separate development, Lloyd’s Register has entered a memorandum of understanding (MoU) with DAI Infrastruktur for Project Ra, a green ammonia production and bunkering initiative in East Port Said, Egypt.
This collaboration highlights the maritime industry’s move towards alternative fuels and is in line with the International Maritime Organisation’s strategies to reduce greenhouse gas emissions.