Roll Group to Implement We4Sea Fleet Monitoring Solution
Dutch performance monitoring company We4Sea and mobile satellite communications company Inmarsat have signed an agreement for We4Sea to join a growing group of more than 40 certified providers offering applications via Inmarsatâs digital solutions Fleet Data and Fleet Connect.The announcement coincides with news of a first We4Sea-Inmarsat collaboration to secure fleet-wide uptake for We4Seaâs web-based vessel performance monitoring service. Heavy-lift shipowner Roll Group trialedâŚ
Shipping Should Explore Private Equity Funding
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.
PE to Keep Ships Afloat
International accountancy firm Moore Stephens says the shipping sector should approach private equity (PE) providers for funding to support the âsignificant investmentâ 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 todayâs 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.
SIS to Provide Dubai Shipping with Total Fleet Management
According to Star Information Systems (SIS) the company has won a contract to provide DSC (Dubai Shipping Company) with a comprehensive fleet management system. The system will be installed on DSCâs nine vessels and at its head office in Dubai. According to Martin Karlstad, Sales Manager, SIS, the fleet management system will provide DSC with a comprehensive range of software and services, including maintenance, spare parts/purchasing, budget, crew/payroll, ISM/quality assurance elements, ship performance management and a seamless interface to link purchasing with DSCâs existing ERP, Oracle Financials.