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Spill Prevention & Response: Old Lessons, New Challenges
Emerging spill response trends fit into two big categories: technology and a combination of economic and social forces. Both will shape what comes next.Florida’s stunning Tampa Bay stands out as exactly the kind of place where you have to think about hazardous materials emergencies. It was 25 years ago, on August 10, 1993, that a freighter collided with two barges near the entrance of Tampa Bay, causing a fire and spilling over 32…
Shipping Carriers M&A to Wane in 2018 - iContainers
Mergers and acquisitions activities for shipping carriers are expected to slow down in 2018, and instead will likely to pivot to freight forwarders, where the industry can expect to see an increase in M&A talks, says online freight forwarder iContainers. Following an unprecedented number of mergers and acquisitions over the past few years, iContainers says this trend can now be expected to ebb. “In terms of carriers, I doubt we will see anymore movements in the near future.
Virtual Aid to Navigation: Here Now, Here to Stay
Vesper Marine designed its Virtual AIS Beacon in 2010 and installed the first solution in 2011. Developed to address the need to make hazards at sea visible when costly physical infrastructure is not appropriate or is impossible to deploy, the Virtual Aid to Navigation technology that Vesper Marine has created is based on the international standardized AIS, which all large ships must use and many yachts…
Brunswick: Ramping up Quality for the Long Haul
As Brunswick Commercial & Government Products expands its capabilities and product line, the Florida-based boatbuilder is positioned to safely provide increased efficiencies…
Maritime Software: On the Origin of Meaning
The IT sector, like most other industries, is awash with technical jargon, terminology, acronyms and abbreviations that have very specific meanings. More than most other major industries, however, TechSpeak - the language of IT people - is regularly co-opted into the language of the everyday. This is an inevitable consequence of our increasingly networked, IT-driven world; but often there is a disconnect between the way we discuss technologies and the benefits they can bring…
DNV GL's Tørstad Talks Energy Trends
When Elisabeth Tørstad took the helm as CEO of DNV GL - Oil & Gas in late 2013, the price of a barrel of NYMEX (WTI) crude oil was more than $100. Today, that price has been halved, and the 40-month period between her ascension to the top post and our meeting with her in Houston in May 2017 has been arguably the most tumultuous in the oil industry’s history. Tørstad shares with Maritime Reporter & Engineering News her insights on the market going forward.
The Marshall Islands Move to Head of the Class
Leveraging 27 worldwide offices, the RMI Registry has been gaining market share year-on-year. Surging tonnage and a solid record for safety has pushed the registry to the head of the class.
Thailand’s MTT Arranges Emergency Response Framework
The Map Ta Phut Tank Terminal Company (MTT) has signed an official preparedness framework agreement with Ardent. The deal is the first of its kind in Thailand and is specifically structured to mitigate risk by pre-staging response elements and training Thai-based terminal operators to work with emergency management elements. MTT is a commercial port and storage terminal dedicated for liquid and gaseous petrochemical products.
Interview: Mika Koli, The Switch
The Switch is a 10 year old company working to advance the world with electrical drive train technology. It is still a relative new player in the global maritime sector with nearly four years of experience, but its first reference ships with The Switch technology onboard are starting to ply the world’s waterways – including one of MR’s “Great Ships of 2016,” Ternsund. Maritime Reporter & Engineering News met with Mika Koli…
BIMCO: What Shipping Market can Expect for 2017
The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since 2009.
Subchapter M: Post Publication Highlights
An extra T in TSMS, nowhere left to hide from systems documentation, and an emphasis on continuous improvement. Back in January of this year, the United States Coast Guard (USCG) predicted Subchapter M would be released in spring 2016. I put my money on June 20, that being the very last day of spring, and on June 20 the long-awaited regulation was finally published. Subchapter M doesn’t come with much we weren’t expecting, which is a good thing.
Interview: Aaron Smith Zeroes in on the Offshore Sector
As the Executive Director for the Offshore Supply Vessel Dynamic Positioning Authority (OSVDPA), Aaron Smith is charged with managing the day-to-day operation of the Authority. Along with the OSVDPA Board of Directors and Technical Advisory Council (TAC), Aaron has helped to craft the Authority’s dynamic positioning operator (DPO) certification program. This includes ensuring that the program is ultimately accepted by the offshore energy industry…
Canadian Submarine HMCS Chicoutimi Gets Ready
The Canadian navy's British Columbia-based HMCS Chicoutimi will be operational by early next year, says a report by Canadian Press. Vice-Admiral Mark Norman said…
Xeneta Proposes Commodity Status in Container Shipping
With ultra-low container rates, multiple operators teetering on the brink of bankruptcy and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. The Oslo-based benchmarking and market intelligence platform for containerized ocean freight is proposing a solution it says would benefit both shippers and carriers – the introduction of ‘commodity’ status.
US Says China to Scrap Some Export Subsidies
China has agreed to scrap export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing…
Interferry: Aiming High in the Cause of Common Sense
Interferry CEO Len Roueche reviews the latest regulatory challenges impacting the ferry industry. With U.S. origins dating back more than 40 years, Interferry is the trade association and main voice for the global ferry sector – a crucial but often forgotten part of the wider shipping industry. Historically this has been particularly true with regard to regulatory issues at the International Maritime Organization (IMO)…
ESL Shipping to Enter the Renewable Energy Market
ESL Shipping and AB Fortum Värme have signed an agreement for biofuel transport. The agreement provides ESL Shipping with access to the renewable fuels transport market.
FPSO Guide to Life Extension
There are new-builds, and there are conversions. In lean times, there’s also “life-extension” for FPSOs increasingly seen as the best hope of developing oilfields too pricy as platform projects. Life extension is about making first-time money, cutting costs or continuing to earn when a field or floater enters a new stage. It’s also about safety. Life extension involves major, multiyear considerations for operators and FPSO contractors…
FPSO: Guide to Life Extension
There are new-builds, and there are conversions. In lean times, there’s also “life-extension” for FPSOs increasingly seen as the best hope of developing oilfields too pricy as platform projects. Life extension is about making first-time money, cutting costs or continuing to earn when a field or floater enters a new stage. It’s also about safety. Life extension involves major, multiyear considerations for operators and FPSO contractors…
China’s Currency Devaluation Good for Shipping
The depreciation of the Chinese currency will help both international and domestic shipping operators in the region that have been stuggling of late with growing costs and rising competition…