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January 31, 2022

Filings buzz in the maritime industry: 27% decrease in cloud computing mentions in Q3 of 2021

Mentions of cloud computing within the filings of companies in the maritime industry fell 27% between the second and third quarters of 2021.

In total, the frequency of sentences related to cloud computing between October 2020 and September 2021 was 100% higher than in 2016 when GlobalData, from whom our data for this article is taken, first began to track the key issues referred to in company filings.

When companies in the maritime industry publish annual and quarterly reports, ESG reports and other filings, GlobalData analyses the text and identifies individual sentences that relate to disruptive forces facing companies in the coming years. Cloud computing is one of these topics - companies that excel and invest in these areas are thought to be better prepared for the future business landscape and better equipped to survive unforeseen challenges.

To assess whether cloud computing is featuring more in the summaries and strategies of companies in the maritime industry, two measures were calculated. Firstly, we looked at the percentage of companies which have mentioned cloud computing at least once in filings during the past twelve months - this was 37% compared to 20% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to cloud computing.

Of the 50 biggest employers in the maritime industry, Sinotrans Ltd was the company which referred to cloud computing the most between October 2020 and September 2021. GlobalData identified 11 cloud-related sentences in the China-based company's filings - 0.3% of all sentences. Poste Italiane Group mentioned cloud computing the second most - the issue was also referred to in 0.3% of sentences in the company's filings. Other top employers with high cloud mentions included Uber Technologies Inc, China International Marine Containers (Group) Co Ltd and COSCO Shipping Holdings Co Ltd.

Across all companies in the maritime industry the filing published in the third quarter of 2021 which exhibited the greatest focus on cloud computing came from Uber Technologies Inc. Of the document's 1,266 sentences, six (0.5%) referred to cloud computing.

This analysis provides an approximate indication of which companies are focusing on cloud computing and how important the issue is considered within the maritime industry, but it also has limitations and should be interpreted carefully. For example, a company mentioning cloud computing more regularly is not necessarily proof that they are utilising new techniques or prioritising the issue, nor does it indicate whether the company's ventures into cloud computing have been successes or failures.

In the last quarter, companies in the maritime industry based in the United States were most likely to mention cloud computing with 0.05% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Asia mentioned cloud computing in just 0.04% of sentences.

Data Journalism Team

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