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Fleet Optimization & Innovation Headlines of the Week- May 09, 2018

I was just asked to complete an executive survey regarding the industry in an effort to determine what 10 years down the road might look like and the state of preparedness of the industry.  It covered the many hot points in our industry, from environment to safety to political upheaval and piracy.  What it highlighted to me is the full range of competencies required by maritime professionals today to meet these issues.

Gone are the days when the C-suite was only responsible for delivering returns to shareholders and making sure there was enough money in the coffers to pay the creditors.  Today, the C-suite has to be conversant in global regulatory issues, be involved in compliance strategies and implementation, and be attuned to the holistic well-being of staff and crew—not to mention planning for the indeterminant future.

Concurrently, it is important for their trusted advisors to be current with the latest technologies to meet regulations, be connected 24/7/365 with the operations of the ships, protect both the physical and virtual aspects of the company, and build a transparent system of communications to all.

Shipping has always embraced challenges—it has sailed over horizons to unchartered waters to deliver goods and bring back cargoes which enrich the lives of society.  That mission hasn’t altered, but the risks are on a scale today unforeseen 6000 years ago when man first took to the sea.  Today’s challenge is to contain that risk and access opportunities through the gathering of information, exchange of ideas, and the forum to have frank conversations about what works and why.

See you at SHIPPINGInsight in October where this will all take place!

Keep optimizing,

Carleen

     Carleen Lyden Walker
     Chief Evolution Officer
SHIPPINGInsight
IMO Maritime Ambassador
+1 203 255 4686 (o)
+1 203 260 0480 (m)
c.walker@shippinginsight.com
www.shippinginsight.com
News of the Week
May 09, 2018 
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Emissions

Key stages for the adoption of IMO’s GHG Strategy

2018-05-02 – After the historic MEPC72 agreement during which the attending parties decided to reduce shipping emissions at least 50% by 2050 compared to 2008, IMO has now published the the text of the Initial GHG Strategy. The text includes activities to reduce GHG emissions from shipping, as well as key stages for the adoption of the GHG Strategy. . . READ MORE

10 countries selected for emissions reduction project

2018-05-04 – Jamaica is selected to be among the 10 countries that will take part in the Global Maritime Energy Efficiency Partnerships (GloMEEP) Project, which aims to support the implementation of energy-efficiency measures to reduce GHG emissions from shipping. The other countries are Argentina, China, Georgia, India, Malaysia, Morocco, Panama, Philippines and South Africa. . . READ MORE

2020 Sulphur Cap: Likely Teething Troubles

2018-05-07 – There is still a cloud of uncertainty with regard to the implementation of the 2020 global sulphur cap for ships, however, one thing is certain, huge amounts of money will be required for the shipping industry to switch to compliant fuels. . . READ MORE

Markets

Dorian LPG to Repower Up to 10 VLGCs

2018-05-o4 – Ship owner Dorian LPG Ltd. said it will look to upgrade the main engines of up to 10 of its very large gas carriers (VLGCs) to dual fuel technology utilizing liquefied petroleum gas (LPG) as fuel. . . READ MORE

Wärtsilä’s Acquisition of Transas is Completed

2018-05-04 – The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company will be transferred to Wärtsilä effective from 4 May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value). . .READ MORE

The Value of Sustainability in the Shipping Industry Today

2018-05-06 – For the past few weeks, we have been witnessing a series of debates and discussions over sustainability in shipping and the importance of cutting down CO2 emissions in order to protect the sea environment from increasing pollution. Last month in London, at a phenomenal four-day deliberation of the IMO delegates, an historic carbon dioxide reduction deal was reached, agreeing that emissions must be cut by 50 percent by 2050. . .READ MORE

Digital

DNV GL Hires Bendrik as Chief Digital Transformation Officer

2018-05-02 – Klas Bendrik will join DNV GL September 1 as Chief Digital Transformation Officer to support DNV GL’s digitalization and IT strategy. Bendrik will be based at the DNV GL headquarters in Høvik, Norway and will be a member of DNV GL Group’s Executive Committee and report to Group President and CEO Remi Eriksen. . . READ MORE
 

Crew

Crewing in the 21st century

2018-05-04 – During his presentation at the inaugural SAFETY4SEA Cyprus conference, Sotiris Kambanellas, President, YoungShip Cyprus presented key issues with regards to crewing in the 21st century, considering how new technologies are impacting the global shipping industry.  In a constantly evolving world, even a more “traditional” industry like shipping is already changing and developing to adapt to new transformational technologies which bring many internal and external developments in the industry. Concluding his presentation, he referred to the future trends of crewing, presenting the results of a recent crewing connectivity survey and shared his advice on how to move forward. . . READ MORE

Regulatory

An overview of Greater China’s regulatory regime for shipping

2018-05-07 – The American P&I Club issued a summarized overview of key regulations of which shipowners should be aware when trading to and from China, Hong Kong and Taiwan. The issues presented vary from maritime safety and security to marine environmental protection, and are unique to locations in Greater China. . . READ MORE

BIMCO establishes new bunker contract

2018-05-04 – BIMCO’s Documentary Committee approved new standard bunker terms, developed by a cross-industry group, in New York on 2 May. The BIMCO Bunker Terms 2018 aim to improve the previous edition, providing a maximum limit of the parties’ liabilities, something that is considered as a key change, that will lead to wider adoption of the contract. . . READ MORE

Innovation

DP World, Virgin Hyperloop One to Build Hyperloop System for Cargo Deliveries

2018-05-01 – DP World and Virgin Hyperloop One have partnered to create new global company seeking to revolutionize global freight transportation using the futuristic hyperloop technology. . . READ MORE

SHIPPINGInsight Updates

Registration is OPEN!

Full Conference Pass
Early Bird Special – $1295

NEW for 2018
One Day Pass – $800

CLICK HERE to view tickets and registration information

SHIPPINGInsight 2018

NEW VENUE | NEW FORMAT | NEW IDEAS | NEW OPPORTUNITIES | NEW ERA

The 7th Annual Fleet Optimization & Innovation
Conference & ExhibitionOctober 16-18, 2018

Stamford Hilton
Stamford, Connecticut, USA

Registration is OPEN!
www.shippinginsight.com

For partnership and exhibiting information, please contact
Dave Weidner (d.weidner@shippinginsight.com)
For more information on the conference, please contact
Carleen Lyden Walker (c.walker@shippinginsight.com)
or call +1 203 255 4686
Copyright © 2018 SHIPPINGInsight, All rights reserved.
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