Gartner News

Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food.In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption.Interos Inc, Fero Labs, KlearNow Corp and others…

DNV will acquire industrial cyber security specialist Applied Risk, aiming to build the world’s largest industrial cyber security practice.Cyber threats to the maritime community is a large and growing problem, with the maritime industry experiencing a 400% increase in attempted attacks between February and June 2020, according to Naval Dome. As proven by well-publicized examples in recent years, recovery can cost hundreds of millions of dollars and can effectively shutter global operations for extended periods.In January 2021…

In 1985, Chris Deegan was hired out of Penn State as a nuclear submarine cost estimator by the Naval Sea Systems Command and retired nearly 28 years later as the Executive Director of PEO Integrated Warfare Systems, with the last 10 as a member of the Senior Executive Service. He’s been with Gibbs & Cox since 2013, first as the Vice President of Engineering, and as President and Chief Executive since 2016.Please give a “by the numbers” look at Gibbs & Cox today.Since our founding in 1929…

The largest Liquid Ethylene Gas (LEG) ship owner in China has agreed a commitment to install Fleet Xpress connectivity from Inmarsat, the world leader in global, mobile satellite communications on all its vessels. This will also include Inmarsat’s Fleet Secure Endpoint, the new line of defense in the multi-layered strategy to thwart cyber threats.Pacific Gas has committed to the new Fleet Secure Endpoint solution within the terms of its agreement to install Fleet Xpress across…

When the owners of Norwegian oil firm Aker BP decided to digitise its assets and operations, they searched high and low for the right software company. But they failed to find a suitable one.So instead they set up their own, Cognite, to create digital maps of Aker BP's oil industry assets, integrating data from equipment such as pumps, heat and pressure sensors, maintenance records and even staff rotas to improve efficiency and safety.Less than two years later, Cognite is selling its software to Aker BP's rivals and one competitor, Sweden's Lundin Petroleum, has even agreed to share its real-time oilfield data with Aker in what they say is an industry first."This will be the first time two different operators…

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.“Digitalization is central to our strategy. DNV GL invests 5 percent of its revenue on research, development and innovation, and now more than 60 percent of this is dedicated to our digital transformation,” Eriksen said.

While debates rage in regards to safety, insurance and cyber security, the tech powering autonomous maritime operations continues to power ahead.Advances in sensor technology, data analytics and bandwidth-to-shore are fundamentally changing the way shipping works. And as operations are digitalized, they become more automated, Dr. Pierre C. Sames, Director of Group Technology & Research at class society DNV GL, has stated.Governments around the world are looking into unmanned shipping…

We wish we had a dollar for every time we heard or read the words Big Data at the Nor-Shipping exhibition last month. We might even have collected enough cash to buy a round of expensive Norwegian beers for the gang at the Fridtjof bar. Seriously, Big Data is one of the most talked-about subjects at maritime industry gatherings. At Nor-Shipping there were no fewer than half a dozen panels and conference sessions focusing on the role of Big Data and analytics in commercial shipping.

Marine and coastal environment specialists, BMT Oceanica (BMT), a subsidiary of BMT Group Ltd, has commenced its latest project with Pluton Resources Ltd (Pluton) to increase knowledge of marine fauna around the Irvine and Cockatoo Islands off the Kimberley coast of Western Australia. The collection of marine fauna data will assist Pluton to meet their environmental approvals requirements for any expansion plans of mining operations on Cockatoo Island and the possible infrastructure development of iron ore mining on Irvine Island.

Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in North America increased by 7% and international revenues declined by 4%. Within international markets, growth in Brazil and China was offset by weaker demand in Europe, India and Mexico. Earnings before interest and taxes (EBIT) were $621 million or 13.7% of sales, compared to $663 million or 14.9% of sales a year ago, excluding special items. Net income attributable to Cummins in the second quarter was $414 million ($2.20 per diluted share), compared to $465 million ($2.45 per diluted share) in the second quarter of 2012 excluding special items.

Inatech launches its Optimizer to add smart decision making for fuel purchasing to its cloud-based management solution for the entire fuel procurement process. The company explains that Optimizer helps ship operators take the guesswork out of their fuel purchasing decisions by providing real-time guidance on the three key factors of quantity, location and price strategy-how much fuel to buy for each ship in their fleet, the best port to bunker at and the right price strategy (spot versus contract). In ongoing proof of concept evaluations for large shipping companies, Inatech's Optimizer has been shown to deliver real-world fuel cost savings of up to five percent.

The National Marine Representatives Association (NMRA) has elected its 2011-2012 officers and board members. One new officer and three new board members are joining the association's leadership group. Chris Kelly of Waters & David Co., New Orleans, Louisiana, is now president. Kathy Munzinger of Munzinger & Co., Springfield, Missouri, has been elected vice president and Ken Smaga of ComMar Sales LLC, Land O' Lakes, Florida, is now treasurer. Brandon Flack of Atlantic Marketing Co., Stonington, Connecticut, joins the officers as NMRA's new secretary.

Cargill U.S.-based commodities giant Cargill Inc. has told South Africa it plans to avoid trading there from mid-December to mid-January because of worries over the country's preparations for the millennium bug, according to press reports. The group's South African subsidiary reportedly sent a letter to the Department of Agriculture in Pretoria, pointing to a "worst-case" assessment by a U.S. computer consultancy analyzing the risks of the bug. "We plan to avoid entering into or executing trades in maize, oilseeds, wheat or any other commodity in the period December 15 to January 15," the letter said. According to the letter, U.S. consultancy Gartner Group puts South Africa in a high-risk category for the bug…

As dot-com firms that lacked a solid foundation disappeared from the landscape, the strongest are left standing amid the rubble. It is worth noting that at the height of the 'dot-com' boom and phenomenal statistics from various research groups, Gartner Group predicted that 75 percent of e-business projects would fail because of a lack of understanding of technology and poor business planning. Of the companies predominately built on smaller amounts of capital from within the industry such as Oslo, Norway-based MarineProvider — from day one there was a vested interest in not only the day-day operations of the company via its investors, but there was a mission that MarineProvider had — which was to assist companies already within the maritime community.