Performance Management Systems News

Siloed data systems represent a “recipe for duplicative and multiplicative cost inside a company and across companies”, an OrbitMI-hosted panel at the recent Shipping Insight event in the US was told, as a Bureau Veritas-backed study highlighted this as a big barrier to data collaboration for digitalization of shipping to cut emissions.Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from…

Norwegian shipping company Knutsen said that  Shell signed separate agreements for four LNG carriers with affiliates of Knutsen liquefied natural gas (LNG), two LNG carriers with Korea Line Corporation and two LNG Carriers with Global Meridian Holdings Limited.The LNG carrier owner and ship management  company informed that the 174,000 cbm LNG carriers will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries.The new vessels will all be equipped with efficient dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power. They will be integrated into Shell’s time-chartered trading fleet.Dr Grahaeme Henderson…

Only about one third of shipping companies were aiming for energy savings of 5 percent or more, suggests the new DNV GL Energy Management study. It is based on the input of 80 shipping companies and includes ship managers, owners and operators in 24 countries. Although energy saving enjoys a high priority within most of the companies questioned, with three quarters of the participants naming fuel savings as a topic of high importance, in many cases shipping companies have not formulated ambitious savings targets.

International accountant and shipping adviser Moore Stephens says the time is right for shipping to seek financial backing from the private equity sector to help fund investment in innovative products and services designed to keep the industry competitive and achieve regulatory compliance. Alison Jarabo of maritime efficiency specialist Fathom Shipping told the recent Moore Stephens Opportunities in Shipping Services seminar in London that regulation and the need to control costs were the two main factors driving the growth of technology in the shipping industry.

International accountancy firm Moore Stephens says the shipping sector should approach private equity (PE) providers for funding to support the ‘significant investment’ in technology and services needed to achieve compliance with environmental regulations and to maintain competitiveness. Private equity investors who have a firm grasp on the potential risks and rewards available in today’s shipping services sector could be a good match for well-founded shipping services and technology providers who have a clearly identified market for their products, says Moore Stephens shipping partner Richard Greiner. Indeed, it could be argued that recent developments have created something of a perfect storm to bring the two together, he added.

Offshore construction vessel order is the first to include ABB’s integrated power and automation solution consisting of ABB’s advanced power, propulsion and 800xA control and safety system. ABB will deliver a cutting-edge solution which includes electrical propulsion, power, safety and automation systems. These systems will be integrated and run on a single control system platform for a 5000T heavy-lift pipelay construction vessel. By integrating power and automation on the vessel, overall efficiency, safety and reliability will be increased.

Pioneer of fleet and vessel performance management systems, BMT SMART Ltd (BMT), a subsidiary of BMT Group Ltd will showcase its performance monitoring portfolio at Ship Efficiency, Queen Elizabeth II Conference Centre, London. The SMART suite of solutions works by continuously collecting vessel performance data and presenting key information to the crew via the ship’s computer displays. Key Performance Indicators (KPIs) are presented in a format that has been designed to be easy to understand by the owner…

Overseas Shipholding Group, Inc. announced the appointment of Robert R. Mozdean, Esq. to lead its global human resources function, a newly created role that reports to Morten Arntzen, President and CEO of OSG. Mr. Mozdean, 52, will be responsible for worldwide human resources training and development, performance management systems, organizational development and employee relations, including labor relations. Mr. Mozdean will be based out of the Company's corporate headquarters in New York City, New York. Mr. Mozdean has served in numerous management capacities during his career. Since 1998, Mr. Mozdean has been Vice President of Human Resources and Legal Affairs at Dannon Company, where he was responsible for policy development, organizational development and training.