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The Long Game

American football season has officially started in the United States, with fans wearing their favorite team’s jerseys, painting their faces, and even consuming (in large quantities) beverages that are either endorsed by their teams, or colored to match their jerseys.  The latter is particularly foul looking.

For the uninitiated, football (the American version) is divided into quarters with coaches urging their players to fight for every point.  But in the end, it is winning that counts, not the score at the end of the quarter.

With all the changes afoot in shipping today, it is important for our industry to look at the long game and less at the quarterly results.  I understand the challenges of meeting shareholder expectations, but isn’t management serving its fiscal responsibility to this demanding group by investing NOW so that the company will benefit in the long run?

So how is responsible management to achieve this seemingly utopian state?  By playing both offense and defense:

OFFENSE

• Position your company to be in compliance with upcoming regulations, both written (Sulphur 2020) and unwritten (GHG reduction)
• Optimize your existing resources not only for today, but down the field
• Utilize technology to increase efficiencies in operations, both afloat and ashore
• Build the resiliency of your team to adapt to the new playbook

DEFENSE

• Train your team to meet the challenges of today and in the future
• Invest in the long game
• Safeguard your assets from rushing hoards trying to infiltrate your defense and block your play
• Increase communications throughout the team, from the water boy/girl to the head coach

There are winners and there are losers.  The winners play their long game—with spectacular results!

Keep optimizing,

Carleen

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• SHIPPINGInsight Updates

You Can Get IT if You Really Want …

2018-09-09 – At this week’s SMM Trade Fair, the words of the iconic song, “You Can Get it if You Really Want,”written and sung by reggae and rock legend Jimmy Cliff took on new meaning, at least for this writer. That’s because – and I’ve been to countless maritime trade events and conventions over the course of the last 23 years – I’ve never seen more technology, across a greater breadth of applications, all showcased in one venue. It turns out that, if you want IT, you CAN get IT. . . READ MORE

China implements earlier the 0,5% sulphur limit in Yangtze ECA

2018-09-04 – As of 1 October 2018, ships operating in China’s Yangtze River Delta domestic ECA can no longer use fuel with a sulphur content exceeding 0.5%, unless an approved exhaust gas cleaning system is installed, the Gard P&I Club said citing information by Chinese regional authorities of Shanghai, Zhejiang and Jiangsu Provinces. . . READ MORE

Airbus to use automated kite to RoRo

2018-09-06 – Airbus announced that it ordered the automated kite SeaWing, which employs parafoil technology to tow large commercial ships. SeaWing was developed by AirSeas and can help propel large vessels, while it also claims that it can provide a 20% improvement in fuel economy. . . READ MORE

DNV GL: ‘Carbon Robust’ Approach to Meet CO2 Regulations

2018-09-10 – DNV GL – Maritime has released its second Maritime Forecast to 2050, further developing its concept of “carbon robust” ship design that now evaluates fuel and technology options by comparing the break-even costs of a design to that of the competing fleet of ships. . . READ MORE

BIMCO: Risk of fuel contamination to increase in 2020

2018-09-04 – Recent reports of a rise in fuel contamination cases have increased the industry’s concerns over quality and safety of blended fuels, especially ahead the 2020 sulphur cap. From 1 January 2020, a spike in demand for new low sulphur blends will greatly increase the risk of contamination, argues Lars Robert Pedersen, Deputy Secretary General of BIMCO, calling for bunker states to take responsibility. . . READ MORE

Higher LSFO and lower HFO prices expected after 2020

2018-07-06 – Eco ships will be able to bargain a considerable premium over older vessel ahead of high bunker prices, creating a two-tier market. After 2020, Drewry expects increased LSFO/ MGO prices, along with cheaper HFO prices. This will lead to a three-tier structure. . . READ MORE

Global Oil Demand to Peak in 2023

2018-09-09 – While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. . . READ MORE

Chevron Marine Lubricants Launches 2020 Ready Lubricant Range

2018-09-11 – Chevron Marine Lubricants has developed a brand-new range of cylinder lubricants compatible with virtually all available global sulphur cap 2020 compliance options. . . READ MORE

Evolution, not revolution on shipping’s digital path

2018-09-05 – At the Maritime Future Summit held at SMM in Hamburg this week delegates were told not to believe all the hype regarding an imminent digital revolution for shipping – the process will take a long time. . . READ MORE

LR, HHI to introduce blockchain to shipbuilding

2018-09-07 – During SMM, LR announced a co-operation project with Hyundai Heavy Industries (HHI), to explore the value of blockchain when applied to shipbuilding. . . READ MORE

DNV GL releases autonomous and remotely operated ship guideline

2018-09-05 – Kicking off SMM, the world’s largest shipping show, in typically busy style class society DNV GL has unveiled a raft of new initiatives.  DNV GL has released a new class guideline covering autonomous and remotely operated ships . . . READ MORE

Wärtsilä sets out to transform port cities around the world

2018-09-06 – Wednesday saw Wärtsilä debut its plans to transform port cities around the world in one of the biggest initiatives in the 184-year history of the Finnish manufacturer. . . READ MORE

USCG receives 17th application for BWMS type approval

2018-09-06 – The US Coast Guard Marine Safety Center received its 17th application for type approval for the NK-O3 BlueBallast II Ballast Water Management System, manufactured by NKBMS Co. Ltd. . . READ MORE

Scrubbers in numbers: 983 vessels have opted for EGCS

2018-07-23 – Scrubber uptake is rapidly accelerating with the number of ships with exhaust gas cleaning systems installed or on order standing at 983 as of 31 May 2018, according to a survey by the Exhaust Gas Cleaning Systems Association (EGCSA). . . READ MORE

Star Bulk Carriers to Equip its Fleet with Scrubbers

2018-09-09 – Star Bulk Carriers announced  that it intends to equip its entire fleet with Exhaust Gas Cleaning Systems(scrubbers) before the January 1, 2020 implementation date of the new IMO sulfur emission cap regulation. . . READ MORE

Scrubbers Market to Surpass $8 Bln by 2024 -Report

2018-09-10 – The market for marine exhaust gas cleaning systems, also known as scrubbers, is expected to continue generating momentum in the years ahead amid increasing concern toward maritime pollution and new environmental regulations. The global market share for marine scrubbers is predicted to surpass $8 billion by 2024, according to a report by Global Market Insights. . . READ MORE