Study: Ship Tech a $278B Market by 2030
New research into maritime startups concludes that higher bandwidth connecting ships to shore at lower costs is empowering a new breed of single-minded innovators to bring the true benefits of digitalization to the shipping and offshore sectors, according to a report conducted for Inmarsat by UK GovTech venture firm and research house, PUBLIC, The report, ‘Trade 2.0: How Startups are driving the next generation of maritime trade’, co-authored by Nick Chubb and Leonardo Zangrando…
ZIM Intros New Digital Tools
Israel-based container shipping line ZIM Integrated Shipping Services announced the official launch of its new 'Powered by Our Customers' approach.As ZIM moves forward with the development and implementation of new digital tools, the cargo line is embarking on an innovative new concept, 'Powered by Our Customers', which will become the new standard for all future ZIM digital applications."Taking ZIM’s personal touch and customer-oriented approach to the next level, Powered by…
MOL Buys Reliance Ethane Carrier Fleet
Japanese shipping giant Mitsui OSK Lines (MOL) will buy Reliance Industries (RIL) stakes in Singapore-based Reliance Ethane Holding (REHPL) which has a fleet of six very large ethane carriers (VLECs).RIL has 100% holding in six limited liability companies (LLCs) which own the VLECs. "MOL and a strategic minority investor have signed binding definitive agreements for an investment in the six special purpose limited liability companies each owning a VLEC," said a statement from the Mukesh Ambani-led Indian conglomerate holding.Transaction closing is subject to regulatory approvals.
New Maritime Connectivity Platform Launched
The Maritime Connectivity Platform Consortium has been established and a Platform launched last Friday during the conference e-Navigation Underway 2019.The Maritime Connectivity Platform (MCP) is an open source technology a digital maritime domain. It brings common internet standards to maritime navigation and transportation systems.MCP enables infrastructures for efficient, secure, reliable and seamless electronic information exchange among maritime stakeholders using available communication systems.
The Maritime Connectivity Platform Consortium
On February 8, 2019, the Maritime Connectivity Platform Consortium (MCC) was established with a signature ceremony during the conference ‘e-navigation underway international 2019’.The Maritime Connectivity Platform (MCP) is an open source technology a digital maritime domain. It brings common internet standards to maritime navigation and transportation systems.MCP enables infrastructures for efficient, secure, reliable and seamless electronic information exchange among maritime stakeholders using available communication systems.
Abu Dhabi Ports, Etisalat Annouce Partnership
Abu Dhabi Ports and Emirates Telecommunication Group Company(Etisalat) have signed a memorandum of understanding (MoU) focused on advancing technological capabilities and business opportunities in support of Abu Dhabi Economic Vision 2030.The partnership focuses on building shared electronic projects and networks, exchanging knowledge, simplifying procedures, securing fixed and wireless telecommunications coverage, and managing operational risk.Etisalat will also help Abu Dhabi Ports to adapt to the latest telecommunications technologies, business models, and customer behaviours.
MacGregor to Reveal Digital Advances at SMM
At this year's SMM exhibition, MacGregor, part of Cargotec, plans to unveil a new digital solution it says is set to change the face of breakbulk stowage. Alongside this, the company has developed other elements of its digital portfolio, MacGregor Smart, and will showcase these capabilities during daily presentations at the exhibition held September 4-7 in Hamburg, Germany.OnWatch Scout: building on years of remote-equipment access with offshore cranes, MacGregor will now offer a new intelligent prediction service for equipment on merchant vessels.
Redzic Joins Caterpillar as Digital Enabled Solutions VP
The board of directors of Caterpillar Inc. has appointed Ogi Redzic as a vice president to lead the company’s Digital Enabled Solutions Division (DESD), effective July 30, 2018. He will be based in Caterpillar's Chicago office and report to Group President of Customer & Dealer Support Bob De Lange.DESD is comprised of the company's data analytics group, the enterprise data hub, equipment management tools, Cat Connect technologies and customer experience portals.Redzic takes over for Caterpillar Vice President Julie Lagacy, who has led DESD on an interim basis.
Wallenius Wilhelmsen Acquires Syngin Technology
Wallenius Wilhelmsen, the global finished vehicle logistics provider, has signed an agreement to acquire 70% of the membership interest in Syngin Technology for an initial purchase price of USD 22 million on a cash and debt free basis. "The future of logistics lies in combining digital services, physical assets and a deep understanding of logistics flows. With Syngin we boost our digital capabilities, setting us up to better support the changes we see in our customers' needs for the future", says Craig Jasienski, President and CEO of the Wallenius Wilhelmsen group.
Kalmar Organizes Idea Creation Challenge
Kalmar, part of Cargotec, will organise a idea creation challenge, Kalmar Co-Create, during TOC Europe that will take place in Rotterdam, The Netherlands. The two-day event organised on 12-13 June 2018 aims to discover disruptive ideas to specific customer challenges in container handling industry through co-creation with terminal operators, solution providers and development partners. "We at Kalmar want to shape the industry through promoting openness and collaboration. We have invited three teams from our partner network to work on specific customer pains.
Port of Rotterdam for Ambitious Investment
The solid financial results allow the Port of Rotterdam Authority to carry out an ambitious investment programme, which is intended to help the Rotterdam port maintain its leading position as Europe’s largest port and industrial complex. Allard Castelein, CEO of the Port of Rotterdam Authority, while commenting on 2017 Annual Report, said that the port of Rotterdam and the Port Authority can look back on a good year. Allard said: “Our times are characterised by increasingly fast-paced developments in a range of areas.
Data Integration is Powering the Future of Shipping
Seamless real-time flow of 100 percent accurate data provides organizations the ability to analyze and optimize all their supply chain processes. Data is at the heart of today’s business processes and operations. Exploiting the insights derived from the data holds unparalleled opportunities for the global ocean shipping industry to overcome its significant inefficiencies. One firm, Youredi helps industry stakeholders to digitalize and automate processes with modern cloud-based integrations.
Dry Bulk, Container Markets Strengthened in 2017: Torvald Klaveness
The tanker market remained subdued, while the dry bulk and container markets strengthened during 2017, said Norwegian shipping company Torvald Klaveness. Torvald Klaveness managed to improve its financial results in 2017, but they “were still not at a satisfactory level”, Torvald Klaveness said. Earnings before tax (EBT) for 2017 ended at a loss of USD -2 million. Torvald Klaveness maintained a high solidity and good liquidity in 2017. Stronger markets resulted in improved results for the container segment and the dry bulk segment compared to 2016.
DNV GL Creates Digital Solutions Organization
DNV GL announced it is creating a specialized Digital Solutions organization that will set out to capture the opportunities that lie in data sharing, advanced analytics, automation, and machine learning as well as addressing challenges related to data quality and security. Elisabeth Heggelund Tørstad will leave her post as CEO for DNV GL’s Oil & Gas business to head the new Digital Solutions business, which will consist of 1,000 digital experts. She will be based at DNV GL headquarters in Høvik, Norway as a member of the Executive Committee for the DNV GL Group.
MAQTA Gateway Achieves Complete Digitalization
Abu Dhabi Ports said it has introduced a new stream of digital services in the field of import and export operations for RORO and General Cargo to provide customers and stakeholders accessibility to new benefits from the automation of operational processes and services through its Maqta Port Community System (PCS). The new service marks the completion of the digitalization of all operational services, following the success in providing digital services for container and cruise vessels across Abu Dubai’s commercial ports in 2016.
ChartCo Acquires Docmap
ChartCo, provider of maritime digital data and compliance services, said it has expanded its range of integrated marine solutions with the acquisition of the at-sea digital document management company Docmap. Oslo-based Docmap AS was founded in 2005 and provides solutions within the health, safety, environmental and quality (HSEQ) operations on vessels and ashore. Its recently launched Docmap 8 software operates both shore side and on board through standard web browsers and incorporates modules for audit control and risk assessment…
BV launches My VeriSTAR Mobile Application
Leading international classification society Bureau Veritas has developed a one-stop- shop mobile application which will allow marine professionals to easily perform daily class and statutory actions through a user-friendly interface. With My VeriSTAR, shipowners and managers will be able to monitor their fleet, plan their surveys and stay informed, anytime and anywhere. Philippe Donche-Gay, Executive Vice President and Head of Bureau Veritas Marine & Offshore Division says, “We live and work on the move and shipping is a mobile industry more than most.
CRIC Designs Prototype for Collaborative Detailing System
The Chief of Naval Operations' (CNO) Rapid Innovation Cell (CRIC) recently developed a basic prototype for an information system that will promote more collaboration between Sailors and commands during the job detailing process. "Our goal is to build a process that is transparent, flexible and gives more influence to commands, so they can build better teams, as well as to Sailors so they can have more say over their lives," said Lt. Cmdr. Mike Mabrey, CRIC project lead. Their…
Wärtsilä's' Digital Services for Performance Enhancement
Wärtsilä, a global leader in complete lifecycle solutions for the marine and energy markets, launches a new service portfolio, Wärtsilä Genius services to help Wärtsilä's customers seize the opportunities from digitalisation. The three product families under Wärtsilä Genius services - Optimise, Predict and Solve - enable optimising of customers' assets in real-time, improve predictability and help solving of issues with digital solutions. Wärtsilä Genius services are targeted at marine, energy and oil & gas markets. "This launch is a major milestone for us and for our customers.
Wärtsilä to Launch Innovation Contest
Wärtsilä launches an innovation contest, Wärtsilä Marine Mastermind, aimed at start-up companies and entrepreneurs, in connection with the start-up event Slush. The purpose of the contest is to find new and unique digital services for the marine industry. The contest is open for existing companies as well as for aspiring entrepreneurs. The winner of the contest will get to further develop the idea together with Wärtsilä's experts and Shift Actions, specialised in agile concept and product development.
EfficienSea2 Rolls out Maritime Cloud
The Danish-led e-navigation project, EfficienSea2, got one step closer to being launched when a core element of the project – Maritime Cloud – was debated by a group of international maritime organisations and companies. The purpose of the project EfficienSea2 is to develop and implement e-navigation and, thus, up-to-date technology on board ships by introducing and using modern communication, navigation and administrative systems. The concept behind the Maritime Cloud has been developed by the Danish Maritime Authority in connection with previous international projects.
Project to Make e-Navigation a Reality
The EU has approved a Danish-led, maritime innovation project with a budget of DKK 85 million, intended to enhance safety of navigation and increase efficiency at sea. 13 Danish partners will become frontrunners of the project, which is launched on 1 May. Focus will be on innovation and further development of services when the triennial maritime project "EfficienSea2" is launched on 1 May. The Danish Maritime Authority is to lead the project, and an important part of it consists…
MARIS & Orange Agree to Combine ECDIS Services
MARIS and Orange Business Servicesa sign agreement to facilitate integrated and digital maritime navigation services. Maritime technology specialist MARIS and Orange Business Services have formalized an agreement to deliver Electronic Chart Display Information Systems (ECDIS) and maritime digital services directly to navigators via the world’s largest, fully-managed Multiprotocol Label Switching (MPLS) network. Through the solution Current At Sea, the MARIS/Orange Business Services partnership unlocks the full potential of integrated…
MARIS Integrates AVCS into PAYS Solution
With the approval from United Kingdom Hydrographic Office (UKHO), Maritime Information Systems AS has integrated the ADMIRALTY Vector Chart Service (AVCS) into its Pay As You Sail (PAYS) services. The permission of use follows formal type approval for the MARIS PAYS solution earlier this year from DNV GL. Norway-based MARIS now offers the PAYS option via any ECDIS system, bringing the AVCSfolio for PAYS to the navigator’s fingertips for voyage planning. “We are thrilled to be able to offer a PAYS solution based on the acclaimed AVCS charts from UKHO,” said Kathrine B.
Crewtoo Launches Online Maritime Jobs Board
Crewtoo, an online network dedicated to seafarers, launched an online maritime jobs board. Founded by KVH Media Group, part of KVH Industries, Inc. (KVHI), Crewtoo, which says it has more than 100,000 members, is premiering the service today in Stamford, Connecticut, at Shipping 2014, the annual shipping conference and exhibition of the Connecticut Maritime Association. The Crewtoo jobs board is integrated into the Crewtoo site and enables seafarers to simply change a setting on their profile to state that they are available for work…
Pickles to Head KVH Crewtoo Business Development
KVH Industries, Inc., announced today that Anneley Pickles has joined the company as Head of Business Development for the Crewtoo social network, the online network dedicated to seafarers. One of her first priorities is overseeing Crewtoo Jobs, the online maritime jobs board that was launched last month to help match the right companies with the best seafarers. Pickles, who is based in Liverpool, U.K., has worked in the maritime industry for nearly 20 years as a sales executive with some of the industry’s most prestigious companies, including Lloyd’s of London.