Data Analytics Tools News

“The First Steps in Mitigating Contemporary Risks to our Strategic Sea Lines of Communication”It is indisputable that the world’s economy floats on seawater. It is equally indisputable that international maritime transportation is the tool that keeps the global economy moving. The world economy has surged over the last half century, and that growth has been largely driven by globalization and the consequent reduction in barriers to trade. Any operational disruptions in maritime transportation have wider consequences for society…

Global Navigation Solutions (GNS), provider of maritime navigation information for shipping companies, announced that it will sell all digital and paper nautical charts and publications at cost price as part of its innovative Voyager Navigation as a Service (VNaaS) solution.The maritime technology company said in a press release that VNaaS customers will pay an annual software licence fee to access a complete set of software and data analytics tools that enable officers onboard to order exactly the charts and publications they need for each voyage and shore-based stakeholders to control and manage navigation purchasing and compliance more effectively.All the ENCs…

Singapore yard Keppel Offshore & Marine (Keppel O&M) said that its wholly-owned subsidiary Keppel Singmarine will develop an autonomous tug that will be operated by Keppel Smit Towage.The tug is expected to be one of Singapore’s first autonomous vessels when the project is completed in 4Q 2020.To develop the autonomous tug, Keppel O&M has secured a grant of up to S$2 million from the Maritime and Port Authority of Singapore (MPA) under its Maritime Innovation and Technology Fund (MINT FUND).This follows the Memorandum of Understanding signed by Keppel O&M, MPA and the Technology Centre for Offshore and Marine, Singapore (TCOMS) in April 2018 to jointly develop autonomous vessels for a variety of applications including undertaking harbour operations such as channelling…

The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture  company  based at Pasir  Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling  capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal, designed to handle the demand dynamics of today and the future…

Protective and marine coatings manufacturer PPG said it has signed a collaboration agreement with classification society DNV GL focused on operational data analysis using DNV GL’s next-generation hull analysis methodologies.The two companies, which together will look to tackle the challenge of poor hull and propeller performance, will collect data and apply DNV GL’s methodologies to contribute to help PPG further develop its coating solutions.According to data published by the International Maritime Organization (IMO)…

GE and CSIRO’s Data61, Australia's data innovation network, have developed a data analytics solution that will give the Royal Australian Navy greater insights into their fleet engine performance and enhance operational efficiency. GE supplies the Royal Australian Navy with its LM2500 gas turbines that power the Anzac, Adelaide, Canberra and Hobart class vessels. CSIRO’s Data61 has developed an application that will process data from GE engines captured from sensors and use advanced analytics to identify where improvements can be made.

The start of every year calls for time to reflect on the last. The offshore and marine industry can look back on 2016 as one of the most bruising in recent memory. The downturn has been tough and drawn out, with increased divestment, more stringent environmental regulations and a prolonged shipbuilding cycle that has resulted in overcapacity. However, challenges can be harnessed as a force for progress. The downcycle has pushed the industry to reshape its competitive landscape, probably a change that has been overdue.

GE and Maersk Drilling have partnered for a data analytic-driven pilot project that aims to increase Maersk’s drilling vessels’ productivity and reduce maintenance costs by up to 20 percent. The two companies have collaborated to deploy SeaStream Insight, GE’s latest innovation in marine asset performance management, powered by Predix. The pilot project will be carried out on one of Maersk Drilling’s XLE rigs and will last for 12 months. Currently, the project has reached its first milestone, with data collected from the rig currently being processed and analyzed online.

Caterpillar Inc.today announced profit per share of $0.62 for the third quarter of 2015, a decrease from $1.63 per share in the third quarter of 2014. Excluding restructuring costs, profit per share was $0.75, down from $1.72 per share in the third quarter of 2014. Third-quarter 2015 sales and revenues were $11.0 billion, down from $13.5 billion in the third quarter of 2014. “The environment remains extremely challenging for most of the key industries we serve, with sales and revenues down 19 percent from the third quarter last year. Improving how we operate is our focus amidst the continued weakness in mining and oil and gas. We’re tackling costs, and our year-to-date decremental profit pull through has been better than our target.