Managing Risk: Shipowners Not Meeting Emission Regs Face a Big Business Risk
There is increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and investors.“This represents a whole new ball game for the industry. Optimization of ship operations has traditionally been dictated by the efficiency of delivery around the globe that has typically meant being able to sail at full speed, thereby burning more fuel, to minimize costs for the charterer.
Carisbrooke Shipping, SMT Shipping Partner with Nautilus Labs
Nautilus Labs, a technology firm aiming to advance the efficiency of ocean commerce through artificial intelligence, announced its partnership to optimize fleet performance with joint venture partners Carisbrooke Shipping and SMT Shipping. Both Carisbrooke, based in Cowes UK, and SMT, based in Limassol, Cyprus, are dry cargo and multipurpose vessel owner/operators.Having first teamed up in October 2019, Carisbrooke and Nautilus have since expanded their partnership to over half of the Carisbrooke fleet.
Training Tips for Ships - Tip #20: Training in the Age of Data
As we greet 2021, it seems fitting to address a “big” topic - a topic that is ultimately going to change everything, including (and perhaps especially) training. The topic is “big data”. The goal of today’s Training Tip for Ships is to get us thinking about big data in training. If we understand it, we can lay the groundwork to take advantage of it.We are in the data age – and this is especially important for training. Everything we do can be done more efficiently and more effectively by understanding it more deeply.
Groundbreaking Tech Unlocks Optimal Routing and Usability
End-users trialing the VoyOpt voyage optimization service say it beats the competition in terms of the number of data sources it aggregates, ease of use and bottom-line benefits.Fuel consumption is the leading cost driver in shipping and remains the top fiscal concern of shipowners amid uncertainty surrounding bunker costs and availability. “Managing fuel consumption effectively means owners need increasingly to adopt new performance tools that leverage cutting-edge technology, including artificial intelligence.
SMM DIGITAL: The Future Of Shipping Is Smart
Digitalisation is the maritime game changer. This is why the digital transformation will be in focus at SMM DIGITAL, which has been given the leitmotif “Driving The Maritime Transition”. As a purely digital event, SMM DIGITAL will feature conferences with top-ranking panelists discussing current trends in Smart Shipping. International experts will report about the challenges facing the maritime industry, and highlight attractive solutions.Complex contractual relationships, the enormous dimensions of ships and routes…
COVID Vaccine is Bonanza for Digital Supply Chain Tracking Industry
More than half of vaccines go to waste globally every year because of temperature control, logistics and shipment-related issues.Logistical hurdles are a significant risk for efforts to rapidly distribute COVID-19 vaccines, but they have resulted in booming business for companies such as private California-based Cloudleaf, Germany’s SAP SE and others that sell technology for monitoring shipments from factory freezer to shot in the arm.Cloudleaf, backed by Intel Capital, the venture arm of chipmaker Intel Corp…
New Solar-powered Tracking Device for Containers and Trailers
A solar-powered new tracking device is designed to monitor and track powered and non-powered assets such as trailers and containers. The Solar Tracker from software-as-a-service provider Teletrac Navman is an advanced GPS device that runs on solar power by day and long-lasting, durable batteries by night for around-the-clock coverage of a fleet business’ valuable assets.The Solar Tracker functions as an operational tool for the business, enabling fleet and asset managers to use the data accumulated by the device to manage a more accurate invoicing system…
Top Maritime Trends of 2020: Tackling the Scourge of Containership Fires
The proliferation of serious fires onboard container ships in recent years has shocked the shipping industry. Here we examine the causes and impact of such fires and the urgent efforts being made by a wide variety of stakeholders to solve this seemingly intractable problem.Over the last decade there has been a 70% fall in ship total losses. This has been widely credited to long term improvements in ship safety management and loss prevention programs. Counter to this trend, there has been a substantial increase in the number of fires in containers carried onboard container and RoRo ships.
Oi 50th "Voices": Professor Edward Hill, OBE, Chief Executive, National Oceanography Centre
Oceanology International, the world's largest exhibition and conference for the subsea sector, was originally scheduled for March 2020, subsequently rescheduled to December 2020 due to COVID-19. The organizers last month announced the need to take this iconic event 100% virtual due to the lingering pandemic. Below are insights from Professor Edward Hill, Chief Executive, NOCS, as published in the "Oi 50th Anniversary Edition", published by Marine Technology Reporter and included with the November/December 2020 edition.
Op/Ed: Overcoming Obstacles to Maritime's Tech Evolution
The incorporation of information and communications technologies (ICT) is transforming the way the maritime industry is doing business. While the sector is beginning to reap the benefits of integrating smart solutions in its operations, there are barriers that it needs to overcome to ensure that it optimally leverages the adoption of technology.ICT has disrupted the way many sectors do business, and the maritime industry is no exception as advances in technology are increasingly nullifying traditional ways of working.
Cavotec Launches Automated Vacuum Mooring Solution
A next generation automated vacuum mooring solution from Cavotec is designed to reduce fuel consumption and increase port productivity by simplifying and accelerating the mooring process. Cavotec, a Swiss-headquartered manufacturer of connection and electrification solutions for the maritime industry, on Tuesday launched its MoorMaster NxG with the goal to “revolutionize the way ships enter and leave ports,” enabling ships to dock in as little as 30 seconds.Mikael Norin, Cavotec CEO…
Digitizing Risk-based Integrity Management of FPSOs
Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President, Global Offshore, discusses how digitalization can increase safety, reduce costs, and build robust technical and operational capabilities.No one could have predicted what a challenging year 2020 would become. Offshore production activity fluctuated dramatically with changing market economics and a global pandemic…
EU Taps Maritime Predictive Intelligence to Combat Drug Smugglers
Predictive Maritime Intelligence company Windward said it has partnered with The Maritime Analysis and Operations Center-Narcotics (MAOC (N)), an EU Law Enforcement unit created to respond to the threat of illicit drug trafficking by maritime and air conveyances. With air traffic down due to COVID-19, drug smugglers are relying heavily on maritime shipping to transport illegal contraband around the world, and Windward said its maritime intelligence platform will give MAOC(N) and…
New AI-powered Predictive Maritime Intelligence Solution Unveiled
Predictive maritime intelligence company Windward announced the release of its next-generation Maritime Predictive Intelligence solution powered by Maritime Artificial Intelligence Analytics (MAIA️). Consisting of 10 billion datapoints and 300 behavioral analysis models, MAIA️ is designed to empower organizations to make smarter and faster decisions and optimize operations.According to Windward, recent sanction advisories from both the OFSI in the U.K. and OFAC in the U.S. highlight the need for a new global standard in maritime operations…
ZIM Taps AI to Detect Misdeclarations
Israeli shipping company ZIM said it has developed and implemented an artificial intelligence (AI)-based screening software to detect and identify incidents of misdeclared hazardous cargo before loading to vessel.Misdeclaration of hazardous cargo has been at the root of major marine incidents, causing loss of life and severe damages. Last year, several carriers announced the imposition of additional fees as a partial solution for this recurring problem.ZIM’s new ZIMGuard system scans shippers’ cargo declarations at an early stage and flags potential cases of wrongly declared cargo.
BV Opens Remote Survey Center in Singapore
Bureau Veritas (BV) has opened a new remote survey center in Singapore, with more new locations to follow, as the testing, inspection and certification (TIC) services provider continues its digital transformation and push to prove remote class services amid travel restrictions in place due to the coronavirus pandemic. The newest site joins existing BV remote survey centers in Rotterdam, Piraeus, Istanbul and Dubai.Classification societies and other marine services providers have long striven to increase remote services in an effort to boost efficiencies and reduce costs.
Technology Enhances Crew Well-being -Report
A new report published by satellite communications provider Inmarsat examines the ways technology can benefit crew safety, health and wellbeing at sea, at a moment when COVID-19 has exposed the welfare of seafarers to global scrutiny.The report, "Welfare 2.0: How can the next generation of technology enable better crew safety, health and wellbeing at sea?", has been prepared by consultancy Thetius and follows an earlier "Trade 2.0" report focusing on the impact new technologies…
'Smart Port as a Service'
A new maritime digitalization solution aims to enable real-time communication and collaboration between sea, port and land logistics operators while providing a capabilities overview that helps users to improve the utilization of their resources. The newly launched Smart Port as a Service from Awake.AI is a real-time collaboration and situational awareness tool that uses artificial intelligence (AI)-based predictions to unlock smarter operational optimization for all maritime actors.
Untethered Vehicle Tech Continues to Advance Autonomy
Social distancing is a new fact of life for most, but not long-ago technical conferences brought experts together. In early February, Underwater Intervention provided a series of presentations on developments in untethered vehicles. A powerful trend was the increasing level of “autonomy” found in the sector. While not all the presentations addressed this theme, several helped clarify the many ways this “buzzword” is advancing the capabilities of untethered marine vehicles.Kongsberg…
One-on-One with Duane Fotheringham, President, Unmanned Systems, HII
Hydroid, a familiar name in the Unmanned Underwater System defense market, was bought this year by Huntington Ingalls Industries (HII). We checked in with Duane Fotheringham, President, Unmanned Systems, HII, for insights on the path forward for autonomy in the defense sector.Hydroid is a long-established, well-known name in the subsea Autonomous Underwater Vehicle (AUV) sector that recently had a change in corporate ownership, joining the Huntington Ingalls Industries family of companies.
Furgo Backs Australia’s Hydrographic Program
The Australian Government has selected Fugro to join the HydroScheme Industry Partnership Program (HIPP) to increase Australia’s hydrographic industry capability.The panel of industry partners was chosen as part of a long-term strategy to ensure safe shipping routes, commercial ports and maritime approaches within the Australian Charting Area.Panel members will acquire marine environmental data to produce digital maps of Australia’s sea and coastal areas that will improve the safety of maritime vessels operating in Australia’s sea charting area…
Interview: Dr. Dirk Jürgens, Heads of R&D, Voith Turbo Marine
Dr. Dirk Jürgens heads R&D at Voith Turbo Marine, a part of the family owned Voith conglomerate which employs more than 19,000 people in 60 countries. Voith Rudderpropellers were chosen as the propulsion system for the three new Staten Island Ferry vessels, and Dr. Jürgens discusses the evolution of the system.The ‘Voith’ name is a well-known one in the maritime industry, but to start please provide an overview of the product and service you offer to the maritime industry.The…
Signal, Heidmar Join Forces on Tanker Fleet
Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker market.Both companies have agreed a milestone partnership, under which Signal will manage a joint tanker fleet using its proprietary technology and analytical approach, said a press release.Signal’s Artificial-Intelligence-backed solution to pool management has consistently delivered superior earnings to its pool members…
Ocean Technologies Appoints Steele as Chief HR Officer
Ocean Technologies Group has appointed Susan Steele as Chief Human Resources Officer.Steele, with over 25 years’ experience in HR, is known for her pioneering use of artificial intelligence and automation to develop employees and improve operational efficiency.“The digital transformation taking place in the shipping industry as well as the industry’s increasingly complex regulatory framework create an urgency for us and for our clients” said Ocean Technologies Group CEO, Manish Singh.
OSM to Install TM Master on Fleet
OSM Maritime Group extended its partnership with Tero Marine, as the Norwegian tech company now prepares to install its TM Master suite on the remaining OSM fleet globally.The frame agreement with Tero Marine means that all vessels with various planned maintenance systems across the OSM fleet would be standardized on TM Master. TM Master is currently installed on close to 70 vessels across OSM’s Norway and Singapore managed fleets. With OSM’s vision in the ship management segment…
Traxens Joins EU DataPorts Project
French supply chain data services company Traxens has joined the new European DataPorts project, aimed at creating a data platform for cognitive ports of the future.DataPorts is an EU-funded, three-year project with a budget of $7.3 million (€6.7 million). It is coordinated by the Technological Institute of Informatics (ITI) in Spain.According to a press release from the Container IoT company, today, only three per cent of container terminals are automated. However, the future…