Technology Firms News

NAVTOR, an e-Navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a provider of maritime technology solutions, have agreed to merge.The combined company will deliver products and solutions to approximately 18,000 vessels globally. The transaction is expected to close by December 2023.Both companies provide maritime technology solutions that enable shipping companies to improve safety, efficiency, compliance, and operational performance…

Scientists warn that climate change is the greatest peril that humankind has ever faced. Yet oil and gas exploration is set to clock the highest growth for more than a decade this year and next. Protesters cause disruption but, for the moment, hydrocarbon energy underpins life as we know it“Offshore oil and gas production probably matters now more than ever,” said Audun Martinsen. The Rystad Energy Partner and Head of Energy Research told Maritime Reporter & Engineering News.“It…

Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.Founded three years ago in Cairo, Trella operates in Egypt, Saudi Arabia and Pakistan. It is one of several technology firms around the world seeking to upend traditional truck brokerages.Through Trella's online platform, shippers and truckers can directly book freight loads for transport.

In the more than two decades since the Kyoto Protocol was adopted, national policies on climate change have had dangerously and disappointingly little effect on global emissions.Within the current economic system, perhaps the most ambitious attempt to reduce emissions has been the EU’s emissions trading system (or ETS). In operation since 2005, the ETS covers more than 11,000 heavy-energy-using power stations, factories and airlines, representing around 40% of the EU’s greenhouse gas emissions.

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

ONE SEA, an industry alliance bringing together leading exponents of autonomous ship technology, has made a significant addition to its growing membership, after signing up Awake.AI - a company led by an experienced team of maritime digital innovators.Awake.AI is aiming to create a new platform and ML models (Machine learning) based on transparent data sharing to break down the barriers between ships, ports and other actors in the maritime logistics chain. The ‘virtual infrastructure’ will be vital if ports are to handle autonomous ships successfully from pre-arrival…

All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.Trade Secretary Ramon Lopez said the government would not, and could not, block interested buyers of distressed shipbuilder Hanjin Philippines, which defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Hanjin, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, until recently employed 20,000 workers at its yard in Subic Bay, which until 1992 was home to a U.S.

The global container shipping company CMA CGM Group and maritime lawyer Gina Lee-Wan, Partner and Co-Head of Maritime and Aviation Practice at Allen & Gledhill, recognised at Singapore International Maritime Awards 2019."CMA CGM and Mrs Gina have received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively," said a press release from the Maritime and Port Authority of Singapore (MPA).A world leader in maritime transportation, CMA CGM has been steadily expanding its presence in Singapore. In 2017, CMA CGM doubled its operating capacity in Singapore to four million twenty-foot equivalent units (TEUs).CMA CGM works with MPA, and institutions of higher learning to develop a skilled maritime workforce.

The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.The 7-2 decision overturned a lower court's ruling that had enforced limits on applying U.S. patent law overseas and reduced by $93.4 million the damages sum that rival ION Geophysical Corp had to pay for infringing Schlumberger technology that helps find oil and gas beneath the ocean floor.

The Trump administration this week will unveil the list of Chinese imports targeted for U.S. tariffs to punish Beijing over technology transfer policies, a move expected to intensify trade tensions between the world's two largest economies. The list of $50 billion to $60 billion worth of annual imports is expected to target "largely high-technology" products and it may be more than two months before tariffs take effect, administration officials have said. The U.S. Trade Representative's office needs to unveil the list of products by Friday under President Donald Trump's China tariff proclamation signed on March 22. The tariffs are aimed at forcing changes to Chinese government policies that USTR says results in the "uneconomic" transfer of U.S. intellectual property to Chinese companies.

With its coastline of 7,800 km, Italy is expediently nestled in the heart of the Mediterranean Sea with the surrounding waters creating a tremendous resource for Italian economy. Businesses linked to the sea, including ocean technology firms, contribute significantly to Italy’s gross domestic product totaling more than $40 billion and representing 2.6% of total GDP. The Italian shipyard industry ranks among the top 20 in the world with ship building and boat-building accounting for 64% of the industry turnover, totaling 6.3 billion Euro in 2012, and Technological Equipment placed at 2.2 billion Euro. Italy is also a world leader in yacht production with more than 49% of the market share.

As part of a new blue tech vision that will create more maritime jobs for the San Diego region, Mayor Kevin L. Faulconer and County Supervisor Greg Cox today proposed an initiative that was jointly approved by the City of San Diego and County of San Diego to help give San Diego’s blue economy a boost by creating a blue tech incubator. Mayor Faulconer said, “Thanks to our fast-growing blue-tech economy, San Diego has yet another opportunity to be a global leader in technology and innovation. Our coastal city is uniquely positioned to be the perfect global breeding ground for water-related technology, innovation and jobs. Supervisor Cox said…

India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan's concern about doing business with a nuclear-armed country. India has been pushing for an agreement with Japan on the lines of a 2008 deal with the United States under which India was allowed to import U.S. nuclear fuel and technology without giving up its military nuclear programme. But Japan wants explicit Indian guarantees not to conduct nuclear tests and more intrusive inspections of its nuclear facilities to ensure that spent fuel is not diverted to make bombs.

The Japanese technology firms are using their experience in saving energy and in cloud technology to help farmers cope with changes in climate, cheaper imports and declining labor. Panasonic, Fujitsu and others looking for an opportunity in a niche market to offset the decline in demand for consumer electronics, are working in greenhouses and controlled by automatic sensors to ensure constant conditions to produce high quality vegetables all year fields . Fujitsu says its agricultural system Akisai cloud means users can sit behind a desk in Tokyo, or even in New York, while cultivating vegetables in Shizuoka, using a tablet to control sprinklers, fans and heaters in response to changes in the temperature and humidity detected by the sensors in fields or greenhouses.

President and CEO of CG/LA Infrastructure Norman F. “CG/LA Infrastructure looks forward with great anticipation to President Obama’s remarks on how we can improve the current $8 trillion in U.S. infrastructure stock,” Anderson said. “First, though, we need a strong vision that will drive our project selection - and our competitiveness. “Infrastructure needs to be recognized as an immediate bipartisan priority in Washington, and I hope to hear the president present a vision that will focus us on the mission necessary to creatively address our immediate and future investment needs…

Simrad Yachting announced the availability of its wireless networking solution, GoFree Wireless. Combining user-friendly mobile software and rugged marine-grade hardware, the GoFree Wireless solution consists of the GoFree Viewer and Control App, and the Simrad WIFI-1 wireless gateway. Enabling wireless connectivity between Simrad NSS Multifunction Displays (MFD) and tablets, mobile phones and computers, GoFree Wireless offers boaters an exciting new level of navigational control.

Kongsberg Maritime will lead a new research project called ‘Situation Awareness and Decision Support Tools for demanding marine operations’ (SITAWARE), which kicks-off on February 2, 2012. Part-funded by the Norwegian Research Council and undertaken in collaboration with academic research partners Chalmers University in Sweden, Vestfold University College and Haugesund University College in Norway, the new project has been implemented as the foundation for a new generation of support systems and solutions for marine operations. Advanced and demanding marine operations have become more challenging (deeper waters, heavier loads, harsher environments) and control systems and organisations have consequently become more complicated.

Stratos announced that it is ranked sixth on the 2001 Deloitte & Touche Technology 500, a ranking of the 500 fastest growing technology companies in North America. Rankings are based on five-year percentage revenue growth from 1996-2000. Stratos' revenue growth over this period was an explosive 73,000 percent. "Ranking sixth this year in the Fast 500 further validates that our acquisition and organic growth strategy made sense in today's rapidly evolving marketplace," said Carmen Lloyd, Stratos CEO. "Making the Deloitte & Touche Technology Fast 500 is a testament to a company's leadership, commitment to technology, and ability to deliver the right solution at the right time," said Mark A. Evans, managing director, Deloitte & Touche Technology & Communications Group.

According to Pascagoula Mississippi Press, while the welders, fitters and engineers at Northrop Grumman work on the ships that will soon form the nucleus of the Navy's updated surface fleet, two companies are providing critical shipbuilding assistance. El Segundo, Calif.,-based Computer Science Corp.'s Advanced Marine Unit in Pascagoula and Gautier-based Omni Engineering are working under contracts with the Navy's Supervisor of Shipbuilding, Conversion and Repair, to provide support with evaluating and analyzing ship designs and engineering plans and monitoring various parts supply chains for the ships. In two cases, the companies are partnered under joint contracts on certain shipbuilding programs.

National Steel and Shipbuilding Company (NASSCO), a General Dynamics company, has been appointed the prime contractor on $17.4 million in research and development contracts awarded by the Maritech Advanced Shipbuilding Enterprise (ASE) program. In addition to Maritech awarded funds, industry participants will invest $23.5 million of their own funds in the projects for a total cost of $40.9 million. Leading a team of U.S. shipbuilders, marine design and technology firms and universities on two-three projects for the construction of Navy and commercial ships, NASSCO will receive about one-half of the R&D award amount, with the remainder to its research partners.

National Steel and Shipbuilding Company (NASSCO), a General Dynamics company, has been appointed the prime contractor on $17.4 million in research and development contracts awarded by the Maritech Advanced Shipbuilding Enterprise (ASE) program. In addition to Maritech awarded funds, industry participants will invest $23.5 million of their own funds in the projects for a total cost of $40.9 million. Leading a team of U.S. shipbuilders, marine design and technology firms and universities on two-three projects for the construction of Navy and commercial ships, NASSCO will receive about one-half of the R&D award amount, with the remainder to its research partners.

While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and boat building companies in the United States. U.S. builders, who have watched U.S. Navy business dwindle for more than a decade, have – with the help of the U.S. Maritime Administration – invested hundreds of millions of dollars and an endless amount of effort to restructure their shipyard’s structures, machinery and work flows. The result: a smaller but more capable base of companies that are geared to fulfill demands of traditional clients down the block as easily as they fulfill the demands of customers around the world. The efforts of many U.S.

While consolidations and closures continue to reshape the ship and boatbuilding industry worldwide, 1999 ended on some positive notes, particularly for ship and boat building companies in the United States. U.S. builders, who have watched U.S. Navy business dwindle for more than a decade, have – with the help of the U.S. Maritime Administration – invested hundreds of millions of dollars and an endless amount of effort to restructure their shipyard’s structures, machinery and work flows. The result: a smaller but more capable base of companies that are geared to fulfill demands of traditional clients down the block as easily as they fulfill the demands of customers around the world. The efforts of many U.S.