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Fleet Optimization and Innovation Headlines of the Week October 3, 2018

Shipping is heating up. . . Headlines the Week- October 3, 2018          View this email in your browser

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


Events are heating up!!! (No pun intended)

Daily we are seeing reports that another company has committed to scrubbers.  Or BWMT.  Or adapting to LNG. Or, or, or…  Clearly the floodgates are beginning to open.

There is no doubt that the maritime industry is facing a regulatory tsunami (ECA, Sulphur 2020, GHG reduction, ballast water, etc.) all with deadlines that need to be met.  On top of that, external challenges are impacting ship operations with pressure to be more efficient creating the need for digitalization, and then the prospect of cyber risks.  Comprehensive communications are getting more prevalent, which benefits the safety of the ship and the crew but contains its own challenges- particularly for the crew.

And all this during the worst shipping recession since 1845 (according to Martin Stopford).

What is industry to do?  How are we to prioritize our actions in the face of being expected to do it all?  Find out at SHIPPINGInsight October 16-18th in Stamford, Connecticut where these questions, and more, will be addressed.  Over those three days, we will be exploring the challenges facing shipping today:  how to meet regulatory requirements to reduce our impact on the planet; operational and transactional tools to make shipping more efficient; examining solutions being offered today; seeking guidance on what the future holds; and learning what shipowners want- and what solution providers can offer. We will also be holding a “Shark Tank” session for startups, displaying new technologies!

I urge you come to the conference and encourage you to be BOLD!!!  Challenge the current thinking, and look for ways we, as an industry, can do things differently.  While historically a conservative and slow-moving industry, this is a luxury we can no longer accommodate.  We need to be forward leaning and anticipatory.

I believe sustainability, a byword in all areas of the public, industry and government, means more than just survival.  We have an opportunity to innovate and thrive!  Even in challenging markets, it is important to look past the current quarter into the next five, ten years to see where we are heading.  Our coordinates need to be set on success today, and into the future.

Our SHIPPINGInsight Conference and Exhibition has been crafted to support industry as it moves forward.  We have chosen the topics and speakers with care, and an eye for practical solutions and viable applications to support these transitionary times.  We have attracted a wide array of partners who are there to help solve industry challenges.  Register now!

Yes- things are heating up!!  And sometimes, that isn’t a bad thing!

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
October 03, 2018 
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Fuels

OPEC: Oil to remain dominant fuel until 2040

2018-09-25 – OPEC released its 2018 World Oil Outlook (WOO). This year’s report highlights the industry’s various linkages, and considers developments in areas such as the global economy, energy demand, oil supply and demand. . . READ MORE

Passenger Vessels Are Cleaning Up Using LNG

2018-09-28 – The sleek cruise-ferry idling at the harbor in western Norway while picking up passengers spews none of the dirty black smoke typical of ships at busy ports elsewhere. . . READ MORE

Sulphur 2020

No cap backtracking, IMO stresses as calls for leniency grow

2018-09-26 – With an assortment of influential shipping bodies and registers calling for leniency in the first months of applying the global sulphur cap in 15 months’ time, the International Maritime Organization (IMO) has once again vowed there will be no delay to the cap’s implementation. . . READ MORE

Liberia Calls for Early Reporting on 2020-Compliant Fuel Availability

2018-09-25 – Liberia has submitted a paper to the IMO Marine Environment Protection Committee (MEPC) calling for early reporting on the availability of fuel oil that is compliant with the new 0.50 percent global fuel oil sulphur limit well in advance of 1 January 2020, the effective date the new fuel oil must be used on board ships. . . READ MORE

Scrubbers

International Seaways to Install Scrubbers in VLCC Fleet

2018-09-25 – International Seaways announced that it has signed contracts with Clean Marine AS of Norway and a qualified system installer for the purchase and installation of exhaust gas cleaning systems(scrubbers) on seven of its modern VLCCs, with an option for a further three systems covering the remaining three modern VLCCs in its fleet. . . READ MORE

DHT Holdings Gets $50mln for Scrubber Retrofit Project

2018-09-25 – The crude oil tanker company operating a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, DHT Holdings announced that it has secured commitment to a $50 million financing for its earlier publicized scrubber retrofit project, subject to final documentation. . . READ MORE

Leading owners who back scrubbers form Clean Shipping Alliance 2020

2018-09-28 – “To scrub, or not too scrub?” That’s the big issue facing shipowners as the IMO global sulfur cap approaches. Now, a number of leading companies from the commercial shipping and cruise industries who have already committed to heavy investments in scrubbers have announced the creation of the Clean Shipping Alliance 2020 (CSA 2020). . . READ MORE

Study: Scrubber market to exceed US$8 billion by 2024

2018-09-12 – Marine scrubber market is set to surpass USD8 billion by 2024, driven by the 2020 sulphur cap and the growing regulatory pressure, the emission effects on human health, as well as a rise in clean fuel cost, according to a study by Global Market Insights, Inc. . . READ MORE

Scorpio Unveils Scrubber Investment

2018-09-28 – Monaco-based shipowner Scorpio is going to invest heavily in the installation of exhaust gas cleaning systems (scrubbers) on board its ships to become compliant with the 0.5 sulphur limit on marine fuels entering into force on January 1, 2020. . . READ MORE

Survey claims owners have left it too late to get scrubbers installed in time for the start of the sulphur cap

2018-10-01 – Owners have now left it too late to get scrubbers installed in time for the start of the global sulphur cap, a survey carried on this site overwhelmingly shows. . . READ MORE

Cyber Security

IACS Publishes Cyber Safety Recommendations

2018-09-30 – The International Association of Classification Societies (IACS) has published nine of its 12 recommendations on cyber safety for ships. . . READ MORE

Managing cyber risk in the smart era

2018-09-26 – The pace in overall technology development in the world has been unprecedentedly fast, however, there is concern that the shipping industry moves slowly due to some of its traditional characteristics and resistance to change. Mr. Max Bobys,Vice President, HudsonCyber, gives his insights on how shipping could move forward and accelerate in the smart era, noting also that cyber risks are looming; thus he suggests four key steps to help shipowners safeguard their businesses. . . READ MORE

Port of San Diego Hit by Cyberattack

2018-09-27 – The Port of San Diego has suffered a ransomware cyber attack affecting its IT systems, and federal law enforcement is investigating the source. The port says that the attack has affected its administrative functions related to park permits, public records requests, and business services, but has not interfered with normal seaport operations. The FBI and the Department of Homeland Security are involved in investigating the attack. . . READ MORE

Digitalization-Blockchain-AI

New JV Develops Blockchain Systems for Port of Shanghai

2018-09-27 – Ideanomics, a Hartford-based technology company, has launched a port software JV with the Asia-Pacific Model E-Port Network, the port technology initiative of the Asia-Pacific Economic Cooperation (APEC) forum. The new JV will design and field an electronic port clearance system based on blockchain. . . READ MORE

No Change, No Future

2018-09-29 – Digitization, blockchain, AI, and tech in shipping are on everybody’s lips these days. These topics seem to have almost displaced autonomous vessels as the topic du jour for suppliers and trade media. But as with autonomous ships, the realities and practicalities of introducing new tech ideas into an organization or business model are far from straightforward and do not provide immediate returns on investment. There is always a transition phase. So how will tech change a typical shipping-related business?. . . READ MORE

South Korea Invests in AI for Shipyards

2018-10-01 – The South Korean government is planning to build smart shipyards equipped with artificial intelligence (AI) technology in a move expected to boost the cost competitiveness of the nation’s small to mid-size shipbuilders. . . READ MORE

SHIPPINGInsight Updates

SHIPPINGInsight Complimentary Special Events

Partner Powered Seminar and Breakfast Sessions

Our partners invite you to be their special guest at their pre-conference and breakfast seminars.  Registration is limited and required to ensure seating.  See below for the list of seminars.

To register, go to https://www.shippinginsight.com/attend/, choose your conference pass, and select your seminars during the registration process.

Already registered without choosing a session?  Email jane@shippinginsight.com with your preferences and she will put you on the guest list.

Northrop Grumman Sperry Marine (NGSM) invites you to 

Leading the way with Digital Transformation of Navigation Systems

Tuesday, October 16th at the Stamford Hilton
0930-1200

CLICK HERE to learn more

ABS invites you to join them for 

2020 Global Sulphur Cap:  Getting to a Decision

Tuesday, October 16th at the Stamford Hilton
0930-1130

CLICK HERE to learn more

Hempel invites you to join them for a Breakfast Seminar  

What lies ahead for biofouling, tank coatings, and more sticky issues

Wednesday, October 17th at the Stamford Hilton
0730-0845

CLICK HERE to learn more

KVH-Intelsat invites you to join them for a Breakfast Seminar  

Cutting-edge developments in satellite communications and their applications on board vessels

Wednesday, October 17th at the Stamford Hilton
0730-0845

CLICK HERE to learn more

SHIPPINGInsight 2018

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

The 7th Annual Fleet Optimization & Innovation
Conference & ExhibitionOctober 16-18, 2018Stamford Hilton
Stamford, Connecticut, USA

SHIPPINGInsight Room Block at the Hilton has been re-opened!
Special room rates available through Sunday, October 7th- 
BOOK YOUR ROOM TODAY!

HOTEL INFORMATION
REGISTER TODAY

For sponsorship 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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