ABS Advanced Solutions and Fleet Management Limited Partner on Cyber Security

ABS FCI Cyber Risk™ solution helps ensure compliance with regulatory requirements.

(HONG KONG) ABS Advanced Solutions and Fleet Management Limited signed an agreement to implement the ABS industry-leading cybersecurity solution for Fleet Management's 220-vessel liquid cargo fleet.

"Fleet Management Limited is one of the world's leading ship management firms, and their decision to select the ABS FCI Cyber Risk™ model underlines its position as an industry leader," said Russell Medeiros, Vice President, ABS Advanced Solutions. "Working together, we will provide a comprehensive cyber security solution to assist in ensuring compliance with the International Maritime Organization (IMO), as well as additional cyber-security related guidelines and requirements—creating a safer fleet."

"Our safety consciousness and value-added services have always been key drivers of our 24-year growth," said Kishore Rajvanshy, Managing Director, Fleet Management Limited. "New digital technologies not only bring about considerable opportunities to the maritime industry, but also introduce potential new vulnerabilities. That's why we are continually innovating and investing in technology to stay ahead of the curve and ensure our vessels operate to the highest safety and technical standards."

The IMO requires cyber security to be addressed in Safety Management Systems by January 2021; TMSA3, SIRE, BIMCO, IACS and Rightship have specified additional industry guidelines and commercial requirements. The ABS groundbreaking FCI Cyber Risk model supports compliance with all of these requirements.

The ABS FCI Cyber Risk model was developed following a two-year research contract between ABS and the Maritime Security Center—a U.S. Department of Homeland Security Center of Excellence—led by Stevens Institute of Technology and the US Department of Defense. Launched in June 2018, the ABS FCI Cyber Risk approach quantifies cyber security risk, and gives owners and operators a practical, actionable strategy to reduce cyber risk onboard a vessel.

"Until now, cyber risk assessment methods were largely qualitative. The ABS FCI Cyber Risk model calculates a cyber risk score and demonstrates how specific FCI alterations reduce the level of risk," said Medeiros. 

Source: American Bureau of Shipping

About Fleet Management Limited

With a 24-year history, 500+ vessels, 20,000+ qualified seafarers and 800+ shore employees, Fleet Management Limited (www.fleetship.com) is one of the world's largest independent third-party ship management companies. For the last 24 years, Fleet has pioneered many of the crewing, safety, and technical standards, which have become benchmarks in the industry.

About ABS Group

ABS Group of Companies, Inc. (ABS Group) and its operating subsidiaries provide risk management solutions and certification services worldwide that help clients address the safety, integrity, quality and environmental efficiency of critical assets and operations. Headquartered in Spring, Texas, ABS Group operates with more than 1200 professionals across the globe, serving the marine and offshore, oil, gas and chemical, government, power and energy and industrial sectors. ABS Group is a subsidiary of ABS (www.eagle.org), a leading marine and offshore classification society.