Fleet Optimization & Innovation Headlines of the Week- May 02, 2018

These past few weeks have seen exciting announcements about partnerships that are being formed to address the issues of our times.  These collaborations are going to enable our industry to aggressively pursue solutions to our biggest question: “How??”

By now, we are well versed in the “What” needs to be done to progress our industry:  decarbonization, cyber security, digitalization, autonomy, reduced sulphur and more.  The thorny bit is how we are going to make the magic to realize the benefits, and risks, of these evolving areas.

Partners need to trust each other; the most successful partnerships are built on trust and transparency.  No one in today’s world has the resources to invest in solving the challenges of today alone.  But working collaboratively, we can begin down the path of success.

How are shipowners going to be able to order ships today for a 25-year trading life?  How can they anticipate the requirements of regulations that haven’t yet been penned?  How can they identify technologies they want to embrace in order to meet these regulations?

We need to come together as an Industry to thrash out these thorny issues—which is what SHIPPINGInsight is all about.  Gathering to voice questions, challenge theories, and articulate answers; bringing the supply side together with the demand side and forming partnerships leading to solutions.

As Nicky Pappadakis often says: “Making two plus two equal five”. That is the power of partnerships!!

I recently had the opportunity to sit down with Aime Pascoe, the Director of Blue Communications, and discuss change in the maritime industry, the role of the IMO in that change and collaboration that moves the industry forward.  CLICK HERE to view our discussion,“Collaboration is Key”.

Carleen

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Shipping Cyber Academy Established in Singapore

2018-04-26 – Wärtsilä is partnering with the cyber security company Templar Executives to establish a world-class cyber academy in Singapore. The academy will offer courses designed to support and enhance the collective cyber maturity of the wider shipping community, notably operators and owners. . . READ MORE

 

MISC to Spend $4B Capex in 5 Years

2018-04-29 – MISC Bhd, the shipping arm of Petroliam Nasional Bhdor Petronas, which is optimistic of delivering better earnings in its financial year 2018, is setting aside a bigger capital expenditure (capex) totalling RM15.68 billion (US$4 billion) over the next five years to grow its four core businesses, reports Bernama. . . READ MORE

Grimaldi Inks USD 400 Mn Deal for Six RoRos

2018-04-27 – The Grimaldi Group from Italy has ordered the construction of six RoRo vessels from the Chinese Jinling shipyard.  The sextet, worth USD 400 million, is scheduled for delivery in 2020, and forms part of the company’s ambitious fleet expansion plan. . .READ MORE

A’s Considering New Ballpark Site at Port of Oakland

2018-04-27 – Officials at the Port of Oakland say they have entered exclusive talks with a Major League Baseball team considering the waterfront at Howard Terminal as a potential location for a new ballpark. . . READ MORE

MPA Singapore Extends Mandatory Use of MFM System

2018-04-27 – The Maritime and Port Authority of Singapore (MPA) will extend the mandatory use of mass flow metering (MFM) system to all bunker tankers delivering distillates in the Port of Singapore from July 1, 2019.  In practice, this means that as of July 1, 2019, all existing distillates bunker tankers supplying to ocean-going ships in the Port of Singapore must be fitted with MPA-approved MFM system. . . READ MORE

OOCL Partners with Microsoft for AI Project

2018-04-24 – Hong Kong-based shipping company Orient Overseas Container Line Limited (OOCL) has partnered with Microsoft’s research arm to improve network operations and achieve efficiencies within the shipping industry through applied Artificial Intelligence (AI) research.  The partnership, between OOCL and Microsoft Research Asia (MSRA), will apply deep learning research to shipping network operations with a projected $10 million annual operational cost saving. The collaboration is also expected to nurture over 200 AI developers over the next 12 months. . . READ MORE

7 Digital trends that will transform container shipping

2018-02-12 – Speaking about digital transformation in container shipping, BGC reports that the industry has failed to adapt to the digital age, yet. For this reason, it is important for the industry to follow some steps, which will help container industry modernize. . . READ MORE

Norwegian Ferry Tests Autodocking System

2018-04-26 – A ferry owned by Norwegian operator Norled is the first in the world to experiment with autodocking technology.  Equipped with Wärtsilä’s innovative autodocking system, the 83-meter ferry Folgefonn concluded three months of testing with harbor docking trials in April. . . READ MORE

LR approves rotor sail installation on Viking Grace

2018-04-30 – Classification society Lloyd’s Register (LR) says that installation of a rotor sail on the LNG-fueled ferry Viking Grace was carried out with LR approval of the structure and the risk-assessment related to the installation of the sail in line with its Guidance Notes for Flettner Rotor Approval. The approvals were conducted to ensure that the rotor would not adversely affect the safe operation of the ship or the safety of the crew. . . READ MORE

Maersk CEO: Low Sulphur Fuel Best Solution for 2020 Sulphur Cap

2018-04-27 – Low sulphur fuel is the best way for the shipping industry to meet the International Maritime Organization’s (IMO) sulphur cap, set to enter into force in 2020, CEO of industry major A.P.Moller Maersk, Soren Skou, said at Singapore Maritime Week 2018. . . READ MORE

Ballast Water Equipment Manufacturers’ Association Formed

2018-04-24 – Manufacturers and stakeholders in the ballast water treatment equipment market have codified a unified manufacturers’ association.  The Ballastwater Equipment Manufacturers’ Association (BEMA) met on April 19, 2018 for their first Annual Meeting and elected the inaugural Board of Directors. . . READ MORE