Fleet Optimization & Innovation Headlines of the Week- April 25, 2018 

Fortunately, we have such an agreement on the goals for reducing emissions.  Now comes the even harder part of developing the practices and technologies to achieve them.  This presents participants in SHIPPINGInsight with an incredible opportunity to be thought (and action) leaders in presenting the industry with the range of PRACTICAL solutions for meeting these goals.

I have come to believe that it will be a collaborative, synthesized approach offering a range of options that will win the day.  Combining multiple technologies and practices to come up with an outcome that meets the expectations of the agreement, while retaining industry’s ability to provide a cost-effective transportation service meeting the needs of global society, will be the preferred approach.

Oh, and wouldn’t it be terrific if shipowners and solution providers made some money in the process??

Time to get busy!!

Carleen

• Autonomous Ships
• Ship Finance
• Blockchain
• Alternative Fuels
• Ports
• Cyber Risks
• Sulphur
• Emissions
• SHIPPINGInsight Updates

Global race to develop self-navigating ships leaves U.S. behind

2018-04-23 – The day in which unmanned “ghost ships” ply the seas laden with cargo is fast approaching. But don’t expect the drone vessels to be flying a U.S. flag.  The United States is not among the global hotspots where a revolution in autonomous commercial shipping is unfolding. One needs to look to places like Norway, Finland, Singapore and China to observe the competition for unmanned shipping. . . READ MORE

South Korea Eximbank Pledges Huge Loans to Shipping

2018-04-22 – As part of the government’s large-scale rescue plan for shipping sector, the Export-Import Bank of Korea  (Korea Eximbank) sets a figure for loans and guarantees to the country’s shipping sector.  According to Yonhap, Korea Eximbank will funnel more than 800 billion won ($749.3 million) in shipping finance as a part of the state-sponsored program to revive the shipping industry following the collapse of Korea’s flag sea carrier Hanjin Shipping. . . READ MORE

$252m Finance for LNG-Powered Tankers

2018-04-19 – Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian shipowner Sovcomflot Group (“SCF”). . .READ MORE

Blockchain Is About to Revolutionize the Shipping Industry

2018-04-19 – Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents.  That last throwback to 19th century trade is about to fall. A.P. Moeller-Maersk A/S and other container shipping lines have teamed up with technology companies to upgrade the world’s most complex logistics network. . . READ MORE

Factors to improve alternative fuels in shipping

2018-04-19 – DNV GL issued a white paper assessing alternative fuels and technologies. The white paper “Alternative fuels and technologies for greener shipping” takes a look at the price, availability, regulatory challenges and environmental benefits of alternative fuels and technologies, such as LNG, LPG, hydrogen, fuel cells, and hybrid and battery technologies. . . READ MORE

Report: 28 of 100 World’s Largest Ports Offer Incentives for Green Ships

2018-04-18 – Today, 28 of the 100 world’s largest ports in terms of total cargo volume handled offer incentives for environmentally-friendly ships, a new report released by the International Transport Forum (ITF) shows. . . READ MORE

How the maritime industry can compete in the age of Amazon

2018-04-16 – Because e-commerce is most closely associated with express, air, and truck transportation, maritime industry players may think e-commerce doesn’t affect them. Port of Long Beach Executive Director Mario Cordero believes that would be a mistake. . . READ MORE

Port of Singapore to use AI to improve port calls

2018-04-17 – Fujitsu, Singapore Management University (SMU), and A*STAR’s Institute of High Performance Computing (IHPC), will collaborate to develop new technologies to improve vessel traffic management in the Port of Singapore, with the support of the Maritime and Port Authority of Singapore (MPA). . . READ MORE

Taking Lessons from El Faro to Assess Cyber Risk

2018-04-17 – The International Maritime Organization (IMO) January 2021 deadline for ship owners and managers to incorporate cyber risk management into existing Safety Management Systems is closer than many realize, especially given the complex profile that the risk presents and the need for a well-detailed procedure to help protect marine assets and businesses. . . READ MORE

Scrubbers ‘No Silver Bullet’ for Shipping -Wartsila

2018-04-20 – Shipping industry hopes that so-called sulfur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world’s biggest manufacturers of the equipment told Reuters. . . READ MORE

2020 Low-sulfur Rule to Trigger Huge Disruptions -IEA

2018-04-18 – The shipping industry and oil refineries are not doing enough to prepare for new rules cutting the amount of sulfur that vessels can emit from 2020, according to the head of the International Energy Agency’s (IEA) oil industry and market division. . . READ MORE

With 2020 sulfur cap nearing, ExxonMobil to roll-out compliant fuels

2018-04-18 – The clock is ticking on IMO’s 0.5% Global Sulfur Cap, and one of the big concerns for ship operators is the availability of compliant fuel. ExxonMobil today announced that it will supply fuels that comply with the International Maritime Organization’s (IMO) 0.5% sulfur cap in ports in Northwest Europe, the Mediterranean and Singapore. . . READ MORE

Report: Decarbonize Maritime by 2035

2018-03-27 – While the notion that maritime transport could be “zero-carbon shipping” by 2035 may seem fallacy to the majority, a new report reviews the pathways to zero-carbon shipping.  According to a  new report published by the International Transport Forum at the OECD, deployment of all currently known technologies could make it possible to almost completely decarbonize maritime shipping by 2035. . . READ MORE

Hapag-Lloyd to Cut CO2 Emissions by 20 % by 2020

Ports of LA, Long Beach fund for technologies to reduce air pollution

Zero-emission Vessel Future of The Fjords Delivered

2018-04-19 – Norwegian tourist vessel owner and operator The Fjords has taken delivery of an innovative newbuild that sets high marks for environmentally friendly passenger transport. . . READ MORE

Eco Marine Power Inviting Partners to Join Its Eco Ship Project

2018-04-20 – Eco Marine Power (EMP), a Japanese technology specializing in fuel and emissions reduction technologies for shipping and offshore applications, has called other companies to join its low-emissions ship design initiative. . . READ MORE

CMA CGM aims to improve carbon efficiency by 30%

2018-04-19 – CMA CGM welcomed the adoption by the IMO, of the GHG Initial Strategy, aimed at reducing carbon emissions by 50% in 2050 in the maritime transport industry. . . READ MORE

Shipping Industry Switch to LNG Bunker Fuel Not Enough to Meet Strict Carbon Regulations – Analyst

2018-04-17 – Switching to liquefied natural gas (LNG) to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations and they will have to find additional ways of reducing emissions, JBC Energy said on Tuesday. . . READ MORE

BP commits to a low carbon future

2018-04-17 – BP published a new report, called “Advancing the Energy Transition”. The report describes BP’s commitment to a low carbon future and the actions that it will take to keep up with increasing energy demand, while at the same time working to reduce greenhouse gas emissions. . . READ MORE