AI & Machine Learning, Possible Force Multipliers for the Coast Guard
Artificial intelligence (AI) and machine learning (ML): mention these two terms and the listener may instantly think of the ads displayed as you view your favorite online news site. This is one version of what AI/ML might be. Given the state of AI and ML research today, these advanced mathematical techniques represent something the U.S. Coast Guard should explore for mission application. To do this, common definitions need to be created, challenges understood, and practical use…
Hapag-Lloyd Names Rothkopf COO
Hapag-Lloyd has announced that Maximilian Rothkopf is to be its new chief operating officer (COO). He will take over as new COO of Hapag-Lloyd when Anthony J. Firmin retires in late June.Maximilian Rothkopf, who holds a master's degree as well as a doctorate in business administration, has been a Partner since 2014 at McKinsey & Company, where he has been a member of the global Travel, Transport and Logistics (TTL) leadership team. He started his career in 2005 at the management consulting firm…
Shipping Ponders the Ultimate Cost of ‘Green’
Low sulphur fuels, scrubbers, LNG and other solutions are all part of the mix. Handicapping the impact of any of these options for the bottom line is anything but easy. Getting greener is not the problem; determining the best way to get there is quite another.By any measure, the business of running vessels will not be the same after January 1, 2020, when the present 3.5% limit on sulfur content will ratchet downward to 0.5%. With the implementation date for the changes, enacted…
ChainPORT Renews Digital, Environmental Commitment
Delegates from the world’s leading ports have come together to examine their role in the rapidly evolving maritime logistics landscape and in particular to coordinate their contribution to the establishment of an interconnected maritime supply chain at the Port of Barcelona.The multilateral partnership of the world leading ports, ChainPORT, has just concluded its 4th Annual Meeting which was hosted last week by the Port of Barcelona.ChainPORT was initiated in 2016 by the Port…
Virgin Hyperloop One Selects New Chairman
Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a…
The Digitalization of Tanker Logistics
The tanker business carefully dips its toes into the digital chartering, analytics and big (data) pond. It is a work in progress.Like every other business, raw materials, refined products and petrochemicals, are undergoing unprecedented waves of digitalization. However, shipping is one linkage, albeit an important one, within the much bigger supply chains for crude oil and products. But cargo is king, raising an important question: Will future efforts to link ship chartering, and ship brokerage…
Diana Shipping Appoints Directors and Executive Officers
Diana Shipping announced that, effective August 1, 2018, the Company increased the size of its Board of Directors from nine to eleven members.The global shipping company specializing in the ownership of dry bulk vessels appointed Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the Company’s Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018.The Board has determined that Glavanis is an “independent director” as such term is defined under the Securities Exchange Act of 1934…
ZF Appoints New Board Members
ZF Friedrichshafen AG's Supervisory Board has appointed Sabine Jaskula and Dr. Holger Klein to the company's Board of Management.Jaskula, an experienced HR manager and lawyer, will be responsible for Corporate HR and Legal functions from latest January 1, 2019. In this function, she will also be in charge of compliance. Dr. Klein has been appointed to ZF's Board of Management with effect from October 1, 2018. His responsibilities will include Car Chassis Technology and Aftermarket (service and parts business).
DP World Sets Its Sights on Hyperloop Cargo Shipping
Dubai-based port operator DP World has partnered with Sir Richard Branson’s Virgin Hyperloop One to create a new venture that aims to provide hyperloop-enabled cargo systems.DP World and the U.S.-based Virgin Hyperloop One introduced their vision for “the future of on-demand freight transportation” at an event on April 29 at the historic vessel Queen Elizabeth 2.The joint venture, called DP World Cargospeed, will set out to be the world’s first to ship cargo with hyperloop technology.
Container Shipping Struggles with Overcapacity: McKinsey
The container shipping industry is expected to continue to struggle with overcapacity and an inability to deliver value to shareholders, warns consultancy McKinsey & Company in its latest report. As container lines search for successful paths forward, they need to first determine what their strategy and potential role in the continuing industry consolidation will be. While mergers will continue, they do not need to be feared, just managed—and the guidelines in this report provide a starting point.
Addressing Today’s Shipping Challenges with Software Solutions
Technology will prove the game changer for the shipping industry. The shipping industry faces many challenges. The growth in fleet volumes at a time of global economic slowdown has resulted in excess supply and falling demand, which has had a major impact on profitability. It’s not only the global economic slowdown, particularly in China, that is affecting shipping. Hardly any other sector requires such complex process management as shipping, which compounds the challenges. A…
Navis Puts TOS on Cloud 9
You don’t have to go it alone. The most experienced Terminal Operating System provider on the planet has already been there and done that. The average terminal is a city unto itself – a jumble of berths, loading docks, automated cranes and transportation vehicles, equipment control systems, yards of containers, integrated gates and tracking systems, all linked into the outside world via rail and trucking connections, and of course, the ocean. These entities and technologies need to be able to communicate with each other…
China’s One Belt, One Road: Will it Reshape Global Trade?
The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and development of trade routes in the region. In this episode of the McKinsey Podcast, recorded in May, McKinsey senior partners Joe Ngai and Kevin Sneader talk with Cecilia Ma Zecha about One Belt, One Road—what it really means, what it needs to become a reality, and why people should take it seriously. Cecilia Ma Zecha, an editor with McKinsey Publishing, based in Singapore: What exactly is One Belt, One Road?
LOC Appoints Rutler as Group CFO
International marine and engineering consultancy LOC Group has appointed Jerome Rutler to the newly created post of Group Chief Operating Officer, responsible for LOC’s global operations including marine assurance and risk, energy and shipping sectors. Rutler has worked for more than 20 years in the oil and gas, petrochemicals and marine industries for a variety of companies, EPCI (engineering, procurement, construction and installation), consultancy and technical advisory. He also has experience as a company director, with particular expertise in management, operations and strategy.
Allcargo Logistics Strengthens Top Deck
Allcargo Logistics announced the expansion of its senior leadership team through the addition of two industry veterans, Mr. Prakash Tulsiani and Mr. Martin Muller. Mr. Prakash Tulsiani (53) joins Allcargo Logistics as the Chief Operating Officer and Executive Director (Operations). He will be responsible for Allcargo’s growth across its business verticals in India. Mr. Tulsiani is not a member of the Board of Directors of Allcargo. With degrees in Law and Commerce, Mr. Tulsiani is a Chartered Accountant and a Company Secretary.
The Other Side of the Flange
Looking beyond the dollars and cents in the demise of bunker giant OW Bunker, MarPro contributor Barry Parker examines the unusual human resources aspect of the story. The old cliché in shipping and commodity businesses says that, “When the tide recedes, you can see which vessels have hulls that are battered up, or worse, actually breached.” OW Bunkering, which took on water and foundered in November 2014 – a mere seven months after a highly successful IPO in Copenhagen that valued the company at nearly $1 billion – offers a case study in bad risk management…
Veritas Petroleum Services Appoints New CEO
Veritas Petroleum Services (VPS) announced that its Supervisory Board has appointed Gerard Rohaan as Chief Executive Officer, effective May 1, 2015. Rohaan succeeds Eirik Andreassen, who has stepped down as Chief Executive Officer. The new Board of Management will consist of Rohaan and Stan Peeters respectively as CEO and CFO. Andreassen will support this transition in an advisory role, and will remain with the company until the end of 2015. Prior to joining VPS Rohaan was SVP of the Continental Europe Division with the technical service provider Stork.
Hans Hansen is DNV GL's Area Manager for Scandinavia
In the power sector DNV GL supports the industry in delivering a secure, sustainable, available and affordable energy supply. In his new role Hans Tormod Hansen will be responsible for offering energy advisory services to the Scandinavian market, assisting power transmission and distribution companies with strategic advice, planning, implementation and energy delivery optimization – from policy to use. “Having started my career at DNV, I’m fascinated by how the company has evolved over the years,” said Hans Tormod.
New Chief Economist at BP
Former Bank of England chief economist Spencer Dale is leaving the central bank, just two months after being moved to a new role, to become chief economist at oil major BP, the BoE said on Monday. Dale spent six years as the central bank's chief economist, where he was responsible for economic forecasts and took a relatively hawkish line on monetary policy. As part of a major reorganisation of the central bank by Governor Mark Carney, Dale swapped jobs in June with Andy Haldane, who was responsible for financial stability issues.
Optimize Performance via Data Analytics
Early adopters use performance monitoring and condition-based maintenance tools to cut costs, head off breakdowns, find efficiencies and ensure compliance. The only thing harder than finding a needle in a haystack, is finding the sharpest points in a haystack full of needles, which is essentially the situation today on most vessels. Awash with hundreds or thousands of data sensors and data points, it’s the rare ship master or management team that can be certain they are culling…
Inmarsat Maritime Opens Smart Operations Dialogue
Inmarsat, a provider of global mobile satellite communications services, has staged the inaugural Smart Operations conference, the first in a series of events seeking an open debate in the maritime industry over the operational benefits of integrated thinking on shore and ship communications. With the first of the three new Global Xpress satellites already in orbit – a prelude to the global launch of the world’s first high-speed mobile broadband satellite service to the maritime industry…
Rolls-Royce Appoint Ian Davis Chairman
Rolls-Royce announce that Ian Davis will succeed Sir Simon Robertson as Chairman. Mr. Davis will join the Board as a non-executive Director on 1 March 2013 and take over from Sir Simon at the conclusion of the Annual General Meeting on 2 May 2013. Ian Davis spent more than thirty years with McKinsey & Company, including six as Chairman and Worldwide Managing Director. He serves, as a non-executive Director, on the Boards of BP and Johnson & Johnson and is a non-executive member of the Cabinet Office Board.
Five Minutes With Trond K. Johannessen
Trond K. Trond K. Johannessen, President & CEO, Hatteland Display, shares with MR his insights on the evolution and future direction of this Marine Electronics subsector, modern marine displays. Please tell us how you came to lead Hatteland Display. As so often in life, it was a coincidence that I got introduced to Hatteland Display in 2008 by a former colleague from McKinsey &Company that had contacts in the Board of Hatteland Display. One thing lead to another and in early 2009 I started as CEO and my former colleague as CFO.
Rowan Elects Two New Executive Officers
Rowan Companies, Inc. (NYSE: RDC) announced that Thomas P. Burke has been appointed to serve as the Company's Chief Operating Officer, and Melanie M. Trent has been appointed to serve as Senior Vice President, Chief Administrative Officer and Corporate Secretary. Burke, who joined the Company in December 2009, previously served as the President and Chief Executive Officer of the Company's manufacturing subsidiary, LeTourneau Technologies, Inc., which was sold to Joy Global in June 2011.
WISTA Conference Focuses on Shipping’s Challenges
The Women’s International Shipping and Trading Association (WISTA) conference program scheduled to be held in Paris October 3-5 will focus on issues facing shipping today. In addition to hosting its annual meeting and conference, WISTA has also created a new feature, the “Women’s Sea Congress” which will address women for innovation and modernity in shipping and the maritime economy. This annual gathering of WISTA members is augmented by industry leaders who participate in the three day event as both speakers and delegates, as the event is open to the maritime community.