Cruise Ships & Environmental Risk: ‘No Silver Bullet’
LONDON - “Sustainability is core to the cruise industry; but there is no silver bullet or one solution to fit all.” This was the key message that echoed across the panel of speakers at Thursday, November 16, 2017, IMMEDIASEA Shipping Debate Forum in London. The lively discussion between representatives of Carnival Corporation, Wartsila Marine Solutions, Bellona, DNV GL, Jotun and Hurtigruten highlighted a shared vision of a green and sustainable future for the industry. There are concerns with the rise in popularity of remote and environmentally delicate destinations such as Norway…
INTTRA Unveils New Applications Suite
INTTRA, the electronic transaction platform, software and information provider, announced two new cloud-based products and enhancements. The first is a new Container Forecasting and Allocation Solutions Tool (C-FAST) for Freight Forwarders and NVOCC's that matches the forecast of their customers' anticipated container volume to carrier capacity availability. The second is an enhanced version of its Ocean Schedules offering that optimizes the shipment planning experience for ocean supply chain professionals.
Maersk Names New North American President
Veteran Maersk Leader, Omar Shamsie, becomes President of Maersk Line in North America. Maersk Line, the world’s largest container shipping company, announces the appointment of Omar Shamsie as the new president of Maersk Line in North America effective December 1st, 2017. His most recent position was president of Maersk Line Latin America & the Caribbean and before that president of Maersk Line Canada. Mr. Shamsie’s rich background also includes director and vice president positions throughout the globe with Maersk.
INS Sarvekshak in Joint Hydrographic Survey with Tanzanian Navy
In an initiative to bolster bilateral relations with friendly foreign countries and navies in the Indian ocean region, INS Sarvekshak, a hydrographic survey ship of Southern Naval Command, arrived at Dar-es-Salaam Tanzania on 15 November 2017 for undertaking joint Hydrographic Survey along with the Tanzanian Navy. The joint survey will be conducted with the Naval personnel of Tanzania who have been trained in India in National Institute of Hydrography, Goa. During the survey, training of Tanzanian Naval personnel will also be undertaken on advanced hydrographic equipment and practices.
Hong Kong Follows US FMC Lead on Liner Sharing Data
Maintaining Separate Identities and Sharing of Competitive Information in U.S. Since the advent of the proposed, but never implemented, P3 Alliance in 2013, the sharing of commercially sensitive information between parties to a vessel sharing agreement (VSA or Alliance) has been a hot topic. The proposed P3 Network Vessel Sharing Alliance (P3 Alliance) would have consisted of Maersk, CMA CGM and Mediterranean Shipping Company (MSC); the world’s three largest ocean carrier companies by volume of containers carried.
Managing the New Panamax Containerships
The explosive growth of international boxships is challenging not only the physical infrastructure of North American ports, but also the very nature of the existing supply chains that they impact. The recent dialogue on container shipping has been all about so-called “mega-ships;” those vessels that with larger capacity than those that are already in service at any point in time. In the container trades, as in tanker and drybulk arenas, ocean-going vessels are one link, albeit an important component, within broader supply chains.
De Nora BWTS Concludes USCG Testing
De Nora announced that it has completed shipboard testing for its BALPURE ballast water treatment system (BWTS), and intends to make its submission for United States Coast Guard (USCG) Type Approval by the end of 2017. The shipboard testing of De Nora BALPURE was conducted on a US-flagged Aframax tanker operating in the west coast of the United States in the regulated waters of California and Alaska. The tanker is in normal trading and has been ballasting and deballasting with BALPURE system on a regular basis.
Denmark Zooms in on Developments in Autonomous Shipping
A conference on autonomous ships hosted by the Danish Maritime Authority zooms in on the potential for using new technology on board ships. Before long, the Danish Maritime Authority can take the next step in its efforts to create a sound and safe framework for utilising new technology in shipping. At the international conference “Zooming in on autonomous ships”, which was held today, and which had been arranged by the Danish Maritime Authority (DMA) in cooperation with Danish Shipping and Danish Maritime…
Iran Shipbuilder Signs MoU With Netherlands’ Damen
Iran’s Arvandan Shipbuilding Company and Netherlands’ Damen Shipyards signed a memorandum of understanding (MoU) for cooperation in shipbuilding industry, reports Trend News Agency. The deal envisages cooperation in manufacturing advanced offshore vessels in Iran, the Iranian company announced in a statement. The cooperation will include technology and the transfer of know-how to Iran while employing domestic capacities in shipbuilding. Managed by Iran’s Social Security Investment Company (Shasta)…
COSCO: 10 Vessels with Hans Jensen Lubrication System
One of the world’s biggest shipping companies, China COSCO Shipping Group, has placed an order for 10 large ore carriers from China State Shipbuilding Corporation. COSCO specified the order to include the cylinder lubrication system ‘HJ Lubtronic SIP’ from Hans Jensen Lubricators A/S, as it enables large cost savings through reduced cylinder oil consumption, and reduced wear on cylinder liners and piston rings. The first vessel is scheduled for delivery in January 2018. Today’s energy efficient diesel engines for marine vessels are designed to reduce environmental footprints and fuel costs.
China OKs Maersk Hamburg Süd Deal
The Ministry of Commerce (MOFCOM) in China approved Danish shipping giant Maersk Line’s proposed acquisition of Hamburg Süd, reported Reuters. Maersk Line, the world’s biggest container shipping company, will pay 3.7 billion euros ($4.3 billion) to buy German rival Hamburg Sud. However, China has put in place restrictions on Hamburg Süd and Maersk Line’s use of vessel-sharing agreements (VSA). The ministry, in a statement, said the company could not enter a new ship sharing alliance on Far East-South America routes in the five years after the deal.
MOL Research on Marine Rotary Machineries
Mitsui O.S.K. Lines (MOL) announced plans to work with Asahi Kasei Engineering Corporation (AEC) on a project to verify predictive detection of abnormalities in marine rotary machineries using vibrating sensors. The research will focus on the use of vibrating sensors to monitor the condition of key auxiliaries, such as pumps or purifiers, on a car carrier and VLCC that are under construction, using analysis software. The participants expect this project to create not only a standalone onboard monitoring system…
AI to Estimate Vessel Speed and Fuel Consumption
Mitsui O.S.K. This project is a part of MOL's initiative to assess the effectiveness of AI technology, and aims to reduce fuel consumption and vessels' environmental impact by verifying the accuracy of the technology, using Fujitsu's AI Technology to estimate vessel performance at sea. MOL provided actual voyage data collected from MOL fleet in operation to Fujitsu Laboratories, which, along with Tokyo University of Marine Science and Technology, verified the data by using their jointly developed machine learning method.
U.S. Commerce Chief Ross Reportedly Divests Shipping Interests
According to a Reuters report, U.S. Commerce Secretary Wilbur Ross has divested his interests in oil tanker company Diamond S Shipping and is in the process of selling off his holdings in another shipping firm, Navigator Holdings, a Trump administration official said earlier this week. Ross had originally intended to retain his shipping interests following his confirmation in February. But the 79-year-old investor came under criticism after disclosures on Sunday that one of Navigator's major clients is the Russian gas company Sibur…
World First: LNG to Fuel Largest Containerships
The move to LNG as fuel in the maritime sector picks up steam, as CMA CGM announced plans to outfit nine of its new 22,000 TEU containerships with LNG fueled engines. A trend that started in the United States is spreading to the world, as global containershipping giant CMA CGM announced its intention to outfit its series of new 22,000 TEU containerships with LNG-fueled engines. The move to ‘clean fuel’ in the maritime sector has been rapid, spurred by new rules from the International…
SpotSee Appoints Malone as Marketing Director
SpotSee, a leader in shock and vibration monitoring through low-cost connectivity and data, and parent to established brands such as ShockWatch, ShockLog and OpsWatch, announced that it has appointed Jill Malone as the company’s marketing director. In her role, Malone is the brand leader for SpotSee and is responsible for planning, development and implementation of the global marketing strategy, public relations and branding. Malone brings more than 10 years of expertise in strategy and implementation of multi-channel digital marketing campaigns.
Fitzgerald Named CEO of Maersk’s Container Unit
Sean S. Fitzgerald has been named Chief Executive Officer of Maersk Container Industry (MCI), effective January 1, 2018. MCI develops and manufactures refrigerated containers, dry containers and the Star Cool refrigeration machine for the global intermodal industry and is part of A.P. Moller – Maersk’s Transport & Logistics division. Fitzgerald will assume overall responsibility for the strategic direction and the entire operations of the company including its more than 5,000 employees in three container manufacturing plants in Chile and China and its R&D center in Denmark.
WWEA, IWSA to Promote Uptake of Wind Technology in Ships
The World Wind Energy Association (WWEA) has today announced a key strategic partnership with the International Windship Association (IWSA) in order to further promote the uptake of wind technology by the global shipping fleet. WWEA is a not-for-profit organisation with over 600-member organisations across 100 countries. The Association promotes the deployment of wind energy technology around the world, and, as founding member of the REN Alliance and the Global100%RE Platform, is working towards full substitution of all polluting and hazardous waste causing energies.
Ocean Signal Appoints Nieuwenhuis as Sales Manager
Ocean Signal has appointed Kris Nieuwenhuis as its new global Commercial Sales Manager. An experienced technical sales manager in the maritime industry with a strong background in AIS and marine safety, Nieuwenhuis will focus on launching upcoming Ocean Signal productsto the commercial sector. His new role will also involve increasing awareness of the Ocean Signal E101V float-free EPIRB with memory capsule for VDRs and growing sales of the established SafeSea range of GMDSS products.
MOL Truth, Japan's 1st 20,000 TEU Containership, Delivered
Mitsui O.S.K. Lines (MOL) announced that one of world's largest containerships, the MOL Truth, was delivered at the Saijo Shipyard of Imabari Shipbuilding Co., Ltd. (President: Yukito Higaki, Headquarters: Imabari-shi, Ehime Prefecture) on October 31. The MOL Truth is the first containership with a capacity of over 20,000 TEU built in Japan, and the fifth in a series of six 20,000 TEU containerships that are operated by MOL. On October 25, it was named the MOL Truth. The new containership is 400m long, with a breadth of 58.5m, and has a loading capacity of 20,182 TEU.
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…
Indiana Port Awarded $9.85 Mln FASTLANE Grant
The Port of Indiana-Burns Harbor will receive one of the nation's 10 FASTLANE small project grants for 2017, U.S. Secretary of Transportation Elaine L. Chao has confirmed. In August, Secretary Chao informed Congress the Department of Transportation was recommending approval of a $9.85 million discretionary grant for the port. After a 60-day review period, the House Committee on Transportation and Infrastructure and the Senate Committee on Environment and Public Works approved all the projects.
Bahri Highlights Big Data’s Potential
Bahri Data showcased its Big Data capabilities at the Maritime Innovation and Digitalization Day 2017, organized by Dubai Maritime City Authority (DMCA). Representing Bahri at the event which was recently held in Dubai, Anwar Siddiqui, President of Bahri Data, shared insights on Big Data analytics for the shipping industry, drawing attention to the latest trends in Big Data adoption, while identifying key challenges and significant growth drivers for data innovation in the maritime industry.
MOL on Next-generation Ship Management Support System
Mitsui O.S.K. Lines (MOL) announced that MOL and Mitsui Engineering & Shipbuilding have been jointly developing practical use applications and commercialization of the "next-generation ship management support system" and the current data collection and monitoring systems, providing the basis for an advanced new system, have upgraded the functionality. This initiative will allow enhanced operating support from shore-side systems and personnel. The two companies are working to reduce environmental impact of vessel operation by preventing problems and reducing the consumption of oil consumption…
Wison Inks LNG Tie-up with GTT
China’s Wison Offshore & Marine has signed a strategic cooperation agreement with GTT, a provider of design and engineering of containment systems for maritime transportation and storage of LNG. Pursuant to the agreement, both parties will conduct a cooperation work on various LNG projects, such as LNG Carrier, LNG FSRU (Floating Storage Regasification Units), FLNG (Floating LNG unit) or other LNG floating unit with GTT membrane tanks. The cooperation with GTT will help to strengthen Wison’s position in offering clients floating LNG products in full range of capacities.
Shore Power Helps Canadian Ports Cut Emissions
Cavotec shore power systems are helping ports in Canada make substantial reductions in cruise and container ship emissions, with the Montreal Port Authority (MPA) recently reporting that its shore power initiatives are expected to reduce greenhouse gas emissions by some 2,800 tonnes a year. Shore power technologies, also known as cold ironing and Alternative Maritime Power (AMP), enable the connection of ships in port to connect to shore side electricity to power on board services.
Spanish Port Operator Adds Another Mobile Harbor Crane
Noatum Terminal Castellon, part of Spanish port operator Noatum Maritime, has added another Konecranes Gottwald Mobile Harbor Crane to its fleet. The Model 6 machine was put into operation in May in Castellon, where it handles mainly bulk but also a number of other cargo types. The new 125 t diesel-electric machine will contribute to the further growth of the terminal, situated some 80 km north of Valencia. Joaquin Ramon Lestau, CEO, Noatum Terminal Castellon, said: “With this Model 6 crane, we aim to extend and optimize our bulk activities.
Hyundai Heavy Signed $400 Million Order to Build 5 VLOCs
South Korea’s Hyundai Heavy Industries (HHI) has clinched a deal worth approximately US$400 million to build five very large ore carriers(VLOCs) from Seoul-based shipper Polaris Shipping. "HHI has signed a $400 Million worth contract to build five 325,000 dwt VLOCs (Very Large Ore Carrier) with Polaris Shipping. It is the option exercised following the contract of ten same class VLOCs with Polaris Shipping on September 25," said a company statement. HHI Group’s shipbuilding affiliates have so far this year won new orders of 110 ships worth $ 6.7 billion, 90% of the $ 7.5 billion annual target.
Historic Vessel Sets out on its Final Journey
German flag containership the Northern Monument set course for Algeciras, Spain under the Verrazano Bridge with a very special cargo on board. Inside one of the ship's 40' dry box containers is the historic rowing vessel Spirit of Malabo, which was used for a transatlantic row that started from Las Palmas, Canary Islands and ended at New York's Brooklyn Bridge. The rowing vessel will soon call Museum Modern Art Equatorial Guinea home, where she will be on permanent display. Equatorial…
Global Logistics to Reach $12 Trillion by 2025
The global logistics industry is expected to reach $12 trillion in value by 2025, recording a 6 percent CAGR over the period, says a research report. According to Wiseguyreports, 2015 was a difficult year for global logistics companies. However, accelerating Asia Pacific economies and recovering manufacturing in Western Europe are expected to have a positive effect on global logistics, which started to recover in 2016 and is expected to continue solid growth in the next 10 years.
Arab Women in Maritime Association Launched
A ground breaking event took place in Alexandria, Egypt (15-19 October) when 30 women from nine Arab countries officially launched The Arab Association for Women in the Maritime Sector (AWIMA). The new network joins the International Maritime Organization (IMO) family of regional Women in Maritime Associations (WIMAs), giving visibility and recognition to the role women play as key resources for the maritime sector. Ships’ surveyors, harbourmasters, marine engineers and maritime lawyers…
Pirate Attacks Still a Major Concern -Sailors’ Society
Global piracy continues to be a concern in the Gulf of Guinea, Southeast Asia and Venezuela, according to statistics released yesterday by the International Chamber of Commerce’s International Maritime Bureau (IMB). In the first nine months of 2017, 121 incidents of piracy and armed robbery against ships were reported, including 92 vessels boarded with five hijackings, 11 attempted attacks and 13 vessels fired upon. While this is a decrease compared to statistics from the same period in 2016…
Global Piracy Declines in First Nine Months of 2017
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce's (ICC) International Maritime Bureau's (IMB) latest quarterly report on maritime piracy. The flagship global report notes that, while piracy rates were down compared to the same period in 2016, there is continuing concern over attacks in the Gulf of Guinea and in South East Asia. The increase in attacks off the coast…
Today’s Maritime Security: Is the Industry Prepared?
In late June of 2017, AP Moeller-Maersk shut down its container operations at the Port of Los Angeles. It wasn’t due to labor relations problems, equipment malfunction or other reasons that have been known to thwart port operations. It was a cyber-attack. In today’s climate of information technology, there’s no telling where hackers lurk or a cyber security compromises may occur. For the maritime industry and its extended supply chains, the threat is real and looming. “At the local Maersk facility in L.A.…
St. Lawrence Seaway Cargo Volumes Buoyant
As marine shipping continues to support the growth of the Canadian and U.S. economies, St. Lawrence Seaway cargo shipments to-date for 2917 are 14 percent ahead of 2016 volumes. Total cargo tonnage from March 20 to September 30 reached 24.3 million metric tons – 3 million metric tons more compared to the same period in 2016, according to The St. Lawrence Seaway Management Corporation. “Our results point to the strength of the Canadian and U.S. economies. Export shipments of mined products such as iron ore and dry bulk via the Seaway have grown dramatically this year…
Peel Ports Applies Air Traffic Systems for Marine Ops
Air traffic control technology is to be applied to a commercial port group in the UK for the first time. Peel Ports Group, the UK’s second biggest port operator, is investing £2.7m ($3.5m) across its network of seven Statutory Harbor Authorities to streamline marine operations. The package of technologies includes vessel identification and tracking, solid-state radar and weather stations. It will be complemented by a new online booking system for its customers and a comprehensive people development program.
Savi Ocean ETA Brings Transparency to Shipping
With Ocean ETA, shippers gain real-time visibility to ocean shipments and seamless orchestration of transitions between sea, land and air. Ocean ETA was launched by Savi, an innovator in big data/machine learning analytic solutions, supply chain management software and sensor technology. Its capabilities bring precise, live streaming tracking and ETA of land to sea shipments. A combination of mobile and satellite communications deliver location and condition of in-transit goods.
Locus Software Joins INTTRA’s Network
INTTRA, a neutral electronic transaction platform, has announced Locus Software Limited has joined its network of partners. Locus Software is the developer of Odyssey, a global, cloud-based, all-in-one enterprise shipping solution for ocean carriers and NVOCC’s designed to expand ecommerce collaboration with their customers, agents and business partners. This new relationship will provide Odyssey customers with out-of-the-box integration with INTTRA for booking, shipping instruction, and eVGM submissions as well as publishing sailing schedules and tracking data.
Q88 LLC Opens Office in Athens
Q88 LLC, a software as a service technology provider to the maritime industry, has opened an office in Athens, Greece. According t o the company, the new office further increases the its presence in Europe and will serve as a key hub for client relations and business development. “The Greek shipping community is so important to our success as a company and the industry as a whole. Having a presence in Greece is something we are very excited about. The Athens office will allow us to further strengthen relationships in the region and allow us to tap into the pulse of the industry…
The Environmental Age: What Will Power Future Ships?
What will power the future shipping fleet? What will the future fuel mix be? These questions are being asked with greater frequency in the wake of the Global 2020 Sulphur Cap ruling agreed at the International Maritime Organization and other tightening regulations around air pollution and emissions from shipping operations. The need to take action is, in turn, driving the development and application of innovative alternative power and propulsion technology for ships. From January 1…
Maersk Tankers, ShipNet Win SHIPPINGInsight Award
The 2017 SHIPPINGInsight Award was presented to Maersk Tankers and ShipNet at the 6th Fleet Optimization Conference & Exhibition in Stamford, Conn. The award is presented annually to honor a shipping company and its technology partners for the successful implementation of an innovative technology or initiative that advanced the state of the art in fleet optimization. The award winners each received a binnacled captain’s clock in a polished wooden case as well as framed certificates.
WISTA Elects New President, Secretary
Women's International Shipping and Trading Association (WISTA) elected Despina Panayiotou Theodosiou, CEO of TOTOTHEO Maritime, as International President and Diane Edwards, General Manager People, Systems and Technology Ports of Auckland as International Secretary at their 37th International Annual General Meeting in Rotterdam, The Netherlands on October 4, 2017. Despina Panayiotou Theodosiou is the CEO of TOTOTHEO Maritime, a leading maritime technology and satellite communications enablement business.
Palau Announces Fleet Increase
The Palau International Ship Registry has recently seen a strong increase in its fleet size as more shipowners and operators look to become a part of the new breed of smart registries. As the Palau flag starts appearing on more vessels the appeal of a registry based on technology and detailed attention to service becomes more important to world shipping. At the end of September 2017 the Palau flag fleet stands at 380 ships with 3,000,000 gross tonnage. The main Palau fleet now comprises 27% general cargo and 20% tankers…
Kalmar, K-Motion Heading to China
Kalmar, part of Cargotec, has received the first order of Gloria reachstacker with K-Motion Technology from Kunming Tianfu Logistics Co. Ltd. in China. The order was booked into Cargotec's 2017 third quarter order intake with delivery scheduled on September 2017. Kunming Tianfu Logistics Co., Ltd. is a well-known logistics company in the Yunnan Province, specialising in logistics and transportation services to large corporations within the region. The new equipment will join a fleet of four existing Kalmar reachstackers to support the company's growth in railway transport business. Mr.
CSSC to Restructure
The primary contractor for China's naval force China State Shipbuilding Corp (CSSC) is preparing a major asset reorganization involving its two subsidiaries, reported China Daily. The companies have halted stock trading on the Shanghai Stock Exchange The announcement said that whether the reforms take place would be decided in the next 10 trading days. CSSC Holdings Ltd and CSSC Offshore and Marine Engineering Co Ltd both acted upon the notices from their parent company about the potential asset reform by suspending their stock trading. The CSSC group is the parent of three listed companies.
OCEASOFT’s Cobalt ML3 Revolutionizes Temperature Monitoring
OCEASOFT leverages cutting-edge IoT communication networks to support shipping and logistics cycles for temperature-sensitive products with its new mobile temperature data logger, Cobalt ML3, featuring LoRaWan, the LoRa Alliance’s long-range communication protocol. Tracking the temperature of sensitive and perishable products during transport is a real industry challenge. The growing requirement for traceability has led to increasing expenses related to monitoring the cold chain: it is expected that 6.23 billion dollars ($) will be spent annually for monitoring by 20221.
Netherland Hosts International Simulation-based Training Conference
Almost 200 delegates from across the world are gathered at the Grand Hotel Amrâth Kurhaus in Den Haag, The Netherlands this week to hear about the latest developments in maritime training based on state-of-the-art simulation technology. Kongsberg Group, the Norway-headquartered international knowledge-based company serving businesses in the maritime, defense, remote weapons and digitalization sectors, is hosting the three-day Kongsberg UC2017 International Maritime Simulation User Conference designed to bring attendees up to date on recent and planned developments in digitalization…
International Efforts to Reduce GHG Emissions
Close to 240 maritime leaders and professionals will gather in Singapore to identify priority areas for international action and exchange best practices in maritime technology transfer and capacity building at the Future-Ready Shipping 2017 Conference. Jointly organised by the Maritime and Port Authority of Singapore (MPA) and the International Maritime Organization (IMO), the conference will take place from 25th to 26th September 2017 at the Grand Copthorne Waterfront Hotel.
Bahri Showcases Latest Technologies and Achievements
Global transportation and logistics company Bahri said it participated in the General Directorate of Border Guards’ celebrations of the 87th National Day and the World Maritime Day. The celebrations included a range of events and special programs for this patriotic occasion, which coincides with the Kingdom’s nomination for membership of the International Maritime Organization’s (IMO) Executive Council. During the program that was organized for the IMO Secretary General, Bahri Acting CEO, Ali Al-Harbi received IMO Secretary-General, H.E. Adm.
GAC Announces IT Appointments
The GAC Group has announced two key IT management appointments as the group aims to maximize the effectiveness of digital tools to serve and grow its global business. Chief Information Officer Martin Wallgren says GAC’s new digital platform focuses on market intelligence, customers, the commercial ecosystem and new means of gathering and sharing data. The new appointees will form part of central team dedicated to consolidating the group’s digital development to date and lay the groundwork for future development.
NYK Group, Dualog, NTT Group Join Partnership for Onboard IoT Platform
The Japanese shipping group NYK Group (Nippon Yusen Kabushiki Kaisha, MTI Co., Ltd.) will collaborate with Dualog and Nippon Telegraph and Telephone Corporation (NTT) Group on a vessel platform proposal that is currently being validated with ship information systems (SIMS) data, the companies announced. The experiment is focused on validation of the below technology, which is expected to benefit the maritime industry in actual sea operations: Data gathering from an expanding array of onboard sensors and monitoring equipment…
IUMI: Offshore Energy Insurance Market “Sinking”
At annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s Offshore Energy Committee warned that the sector was “sinking”. His warning was based on declining total premium income set alongside upstream energy large losses for 2015-16 of USD 4.8 billion. McDonald explained: “In recent years it would appear that claims have exceeded the global premium base and the last two underwriting years have seen significant losses. The…
Los Angeles, Long Beach Ports Update Clean Air Action Plan
As the Ports of Los Angeles and Long Beach (POLA/POLB) begin final consideration of their updated 2017 Clean Air Action Plan, regulators must embrace the future role of diesel technology in the global goods movement sector and the substantial, immediate clean air and climate benefits that the latest clean diesel technologies offer. Because of its unique combination of power, performance, efficiency, reliability, durability and availability, diesel power is projected to remain the dominant technology for global goods movement on land and sea for the next period covered by this plan.
ST Engineering Invests In Cyber Security
Singapore Technologies Engineering Ltd (ST Engineering) announced that its Corporate Venture Capital unit, ST Engineering Ventures Pte Ltd (ST Engineering Ventures) has made a Series B investment of $5.79m for a minority interest in Janus Technologies, Inc., an endpoint cyber security provider based in California. “This is the first investment by our Corporate Venture Capital unit in companies with cutting edge technologies or breakthrough innovations,” said Vincent Chong, President & CEO of ST Engineering.
Wärtsilä Debuts New Tug Designs
A new portfolio of tug designs, to be known as the Wärtsilä HYTug series, place emphasis on environmental sustainability. Since tugs typically operate in or close to harbors and populated areas, they are particularly affected by environmental considerations, and the need for regulatory compliance is an increasing concern for tug owners and operators worldwide. Having already introduced tug designs featuring liquefied natural gas (LNG) fuel technology as an efficient means for complying with environmental legislation…
Hapag-Lloyd Orders 7,700 New Reefer Containers
This year, Hapag-Lloyd will once again make investments to maintain and expand its container fleet. The liner shipping company has ordered a total of 7,700 refrigerated containers (Reefers) of the latest generation – including 7,000 x 40-foot and 700 x 20-foot units. In addition, 1,000 of the new containers are equipped with “Controlled Atmosphere” technology, which slows down the ripening process of various types of fruits and vegetables, thereby allowing them to be transported for longer periods of time while maintaining a consistent quality. Production will already begin in September.
“Blockchain” and the World of Marine Insurance
If you’ve been working in the marine insurance industry lately, you will have heard about “blockchain” at some point; it is the electronic, distributed ledger, notoriously known for enabling the use of cryptocurrencies such as Bitcoin and Ether. But the blockchain technology’s utility goes beyond cryptocurrencies, potentially offering creative ways to solve other real-world problems. Within blockchain ledgers, the use of ‘smart’ contracts essentially converts contractual obligations into lines of computer protocols, which facilitate, verify, or enforce its performance.
HMM Completes First Blockchain Pilot Voyage
Hyundai Merchant Marine (HMM) announced that it has successfully completed its first blockchain technology adopted pilot voyage. HMM, with other members of shipping and logistics blockchain consortium, have conducted its first pilot voyage from Korea to China (Busan to Qingdao) with reefer containers from August 24th to September 4th. HMM applied the blockchain technology to this pilot voyage - from shipment booking to cargo delivery - and reviewed the feasibility of adopting the technology into shipping and logistics.
Spence Takes over as Noise Control Engineering President
Glosten subsidiary Noise Control Engineering, LLC (NCE), a Massachusetts-based acoustical and structural engineering consultancy, said it has appointed Jesse Spence as its next president. As NCE president, Spence will have direct responsibility for organizational processes, market assessment and business development. He accepts this position after serving as NCE’s director of technology. Spence joined NCE in 2001, having led the firm’s efforts to develop and implement technologies and techniques to facilitate solutions to marine acoustic and vibration problems.
Project to Eliminate Emissions at Norway Ports
Shore power and charging infrastructure could reduce CO2 emissions by as much as 12.5 million tonnes at ports in Norway every year – this is one of the main conclusions of a report compiled by a pool of experts from ABB, DNV GL, the Port of Oslo, and Cavotec, working under the auspices of ReCharge, an initiative that seeks to pave the way for zero emission ports in the Scandinavian country. The ReCharge project has assessed where emissions in Norwegian ports are generated, where there is greatest potential for reductions…