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  1. Analysis
February 22, 2022

Filings buzz: tracking robotics mentions in the maritime industry

We analysed mentions of robotics within the filings of companies using data from GlobalData.

Mentions of robotics within the filings of companies in the maritime industry were 192% higher between October 2020 and September 2021 than in 2016, according to the latest analysis of data from GlobalData.

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. Robotics 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 robotics 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 robotics at least once in filings during the past twelve months - this was 30% compared to 11% in 2016. Secondly, we calculated the percentage of total analysed sentences that referred to robotics.

 

Of the 50 biggest employers in the maritime industry, ID Logistics Group was the company which referred to robotics the most between October 2020 and September 2021. GlobalData identified four robotics-related sentences in the France-based company's filings - 0.8% of all sentences. XPO Logistics Inc mentioned robotics the second most - the issue was referred to in 0.6% of sentences in the company's filings. Other top employers with high robotics mentions included Korea Shipbuilding & Offshore Engineering Co Ltd, MTR Corporation 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 robotics came from Korea Shipbuilding & Offshore Engineering Co Ltd. Of the document's 1,304 sentences, six (0.5%) referred to robotics.

This analysis provides an approximate indication of which companies are focusing on robotics 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 robotics 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 robotics have been successes or failures.

In the last quarter, companies in the maritime industry based in Asia were most likely to mention robotics with 0.05% of sentences in company filings referring to the issue. In contrast, companies with their headquarters in Western Europe mentioned robotics in just 0.02% of sentences.

Data Journalism Team

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