DNV GL Invests in Public Blockchain Service Provider VeChain
DNV GL, the risk management and quality assurance company, has bought a stake in leading public blockchain service provider VeChain as it looks to use the technology to develop new digital assurance solutions. The acquisition builds on the strong relationship between the two firms and follows the recent launch of My Story, a blockchain enabled digital assurance product which gives a new level of insight into supplier and product information. DNV GL took the step to buy the minority stake as it recognises the growth potential in both the VeChain and the technology it is advancing.
Shipping Must Embrace Digital Technologies -Marine Money Panel
“To be a top performer, you must embrace technology,” said Søren Meyer, Chief Strategy Officer, Maersk Tankers, speaking at the Marine Money Week conference in New York on Tuesday.Meyer was referring to the industry-wide digitalization evolution currently underway in the tanker shipping sector, as part of a panel discussion with Frank Coles, President, Transas Group, Wartsila Voyage Solutions; and Scott G. Borgerson, Ph.D., CEO, CargoMetrics Technologies LLC.Digitalization has…
Maritime Thought Leadership: Christopher J. Wiernicki, ABS
The maritime industry has been challenged, to say the least. Today, where do you see challenge? Where do you see opportunity?It’s clear our business environment continues to change and we have a new definition of what normal means: nothing is normal. We are in era of rapid, disruptive and impactful change.The coming years will bring further turbulence, shaking out our industry and setting the course for the next 20 years and beyond. Market cycles will continue to evolve and will be impacted differently than they are today.For example…
Port of Antwerp Tests Autonomous Sounding Boat
Port of Antwerp has reached a new milestone with the introduction of a fully automatic sounding boat that employs unique technology. The vessel, named the Echodrone, is a prototype that is currently being developed to supplement the other operational sounding boat, the Echo.Both of these carry out measurements of the water depth everywhere in the port so as to guarantee safe passage for shipping. The cloud-based technology – a first – has been developed in partnership between…
Port of Antwerp Introduces Fully Automatic Sounding Boat
Port of Antwerp reached a new milestone with the introduction of a fully automatic sounding boat that employs unique technology. The vessel, named the Echodrone, is a prototype that is currently being developed to supplement the other operational sounding boat, the Echo.Both of these carry out measurements of the water depth everywhere in the port so as to guarantee safe passage for shipping. The cloud-based technology – a first – has been developed in partnership between the…
DNV GL Rolls-out Digital Hub in Singapore
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…
ABB Rolls Out Next-generation DP System
ABB said its new dynamic positioning (DP) system unveiled at the maritime trade fair SMM sets out to simplify ship maneuvering, enable safer, more efficient ship operations and even help to pave the way toward autonomous shipping.With its user-centric design and intuitive touchscreen-based user interface, ABB Ability Marine Pilot Control reduces the workload on automating navigational tasks and allows bridge officers to focus holistically on the overall control and positioning of the ship, ABB explained.
Global Oil Demand to Peak in 2023
While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from USD960 billion (bn) in 2015, to a peak of USD1.13 trillion in 2025. Upstream gas operating expenditure is set to rise from USD448 bn in 2015 to USD582 bn in 2035…
CMA CGM Looks to Leverage Artificial Intelligence
French shipping group CMA CGM said it has been working with a San Francisco-based startup on a project to embed artificial intelligence and advanced digital technologies aboard its containerships.The collaboration kicked off in the beginning of 2018 and includes the maritime focused tech startup Shone, which was founded by three French engineers in 2017 to introduce artificial intelligence such as is already found in cars on board ships.Through the partnership, Shone has gained…
DCNS to Build Next French Naval Frigates
DCNS said it has been awarded a contract from the French Defense Ministry for the development and construction of five intermediate-size frigates (FTIs) intended for the French Navy. DCNS will propose a French version of its new BELH@RRA frigate. The first of the five frigates from this French Defense Procurement Agency (DGA)-managed program should be delivered in 2023 with an entry into active service in 2025. The new BELH@RRA frigate will be designed and developed by DCNS, in joint project management with THALES for the development of the new-generation radar it will be equipped with.
The Digital Future of Exhaust Gas Temperature Sensors
CMR Group’s chief technical officer, Patrice Flot, considers the current approach to sensing exhaust gas temperature (EGT) on high horsepower engine platforms and the capabilities provided by new digital technology. An EGT sensor measures the temperature of the engine exhaust gas to prevent damage to critical components such as the after treatment system, turbines and cylinder head exhaust valves. It can also be used inside the combustion chambers where hot gases are generated.
Statoil's Digitalization Drive
Statoil is establishing a digital center of excellence and launching a roadmap with seven specific programs for digitalization in the company towards 2020. Towards 2020 Statoil expects to invest $120 to $240 million in new digital technologies, accelerating the digital roadmap work. Digital technologies will also be part of other Statoil technology and research projects. “Aiming to be a global digital leader within our core areas, we are now stepping up our efforts to capture opportunities provided by the rapid development within digital technologies,” said Eldar Sætre, Statoil’s CEO.
SKF: Paving the Path to a Digital Future
Further digitalization of established technologies such as condition monitoring and smart sensors could have a revolutionary effect on manufacturing, said Bernie van Leeuwen, Director Product Management Digitalization at SKF. Digitalization, most apparent in the consumer market, where music downloads, online shopping and on-demand TV are hailed as marvels of the digital age, is also having a huge effect on manufacturing. Sweden based SKF is at the forefront of using digitalization to improve its business in the service of its customers.
BAE Systems Begins Building UK’s Next Warship
BAE Systems said it has begun to build the first of the U.K. Royal Navy’s new Type 26 Global Combat Ships. Sir Michael Fallon MP, U.K. Secretary of State for Defense, visited the builder’s Glasgow shipyard to press the button to officially commence production on the new warship, and during his speech revealed the vessel’s name: Glasgow. This ceremonial event follows the U.K Government’s recent award of a contract worth approximately £3.7 billion for the first three ships to be built at BAE Systems’ sites in Glasgow.
Innovation Comes from Diversity -Lloyd’s Register
Lloyd’s Register (LR) has issued a global call for partners active in the area of innovative digital technologies related to the safety and performance of marine vessels. In 2016 LR set out to materially increase the role it plays in accelerating the development and safe adoption of digital solutions addressing the growing complexity and operational challenges facing the global shipping industry. The strategy focused on creating a network of innovation partnerships able to collaborate with LR clients to rapidly test new concepts and scale these to commercially ready solutions. To date, LR has successfully built a portfolio of investments and partnerships to tackle the challenges and opportunities of Industry 4.0.
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; how they are designed to be used; and how we actually use them.
DNV GL: Standardization Can Aid Shipping's Digital Transformation
Classification society DNV GL has released a new position paper setting out the importance of standardization in enabling the growth of digital applications in the maritime industry. Drawing from the experiences gained from digital pilot projects focused on ship sensor data, the paper examines how standardization can enable the effective collection, storage, exchange, analysis and use of data, while contributing to improved data quality and sensor reliability. Whether for operational optimization…
A Sea Change for Shipbuilding
When it comes to shipbuilding, the numbers are staggering: hundreds of millions of parts in one aircraft carrier. Billions of dollars proposed for Naval fleet development in the latest NDAA. Hundreds of thousands of private sector jobs in the U.S. alone. A 2015 MARAD report, for example, pegged the total economic impact associate with the industry at 400,000 jobs, $25 billion in labor income, and 37 billion in GDP (based on data from 2013). When the financing, jobs, technological developments and supply chain trade dedicated to shipbuilding around the world are added in…
Rolls-Royce Opens Ship Intelligence Center
The first of Rolls-Royce’ series of ship intelligence experience spaces has opened to show customers, suppliers and partners how the latest digital solutions can transform the marine industry. Opened in Ålesund, Norway, the Intelligent Asset Management (IAM) experience space sets out to demonstrate how ship intelligence systems can harness the “power of data” to optimize fleet operations, reduce operating costs and improve maintenance procedures, Rolls-Royce said. The IAM space provides an area for Rolls-Royce customers to validate the advantages of using IAM systems…
Bourbon, Bureau Veritas Partner on Digitalization
Under a new strategic partnership agreement, French offshore services firm Bourbon and testing, inspection and certification services provider Bureau Veritas will develop and deploy new digital technologies, including solutions for automation, real time fleet monitoring and mitigating cyber risks. For dynamic positioning systems in particular, the partnership will aim to deliver advanced automation of to enable real-time advisory tools for bridge operators and remote support for onshore teams…
WinGD, HHI Partner for Digital Techn
Winterthur Gas & Diesel (WinGD) and Hyundai Heavy Industries (HHI) Group recently signed, the first agreement of its kind to integrate their advanced digital technologies to provide greater insight and benefit to ship owners from their engine and ship data. This collaboration will provide shipping companies with extensive digital knowledge allowing them to reduce the ship’s operational cost while providing insight on how to operate the ship and its engine more efficiently. Through their combined expertise HHI and WinGD will be able to offer enhanced customer understanding and support…
ABS Head Wiernicki Outlines Maritime’s New Normal
Addressing industry leaders at the opening session of the Connecticut Maritime Association (CMA) Shipping 2018 conference, ABS Chairman, President and CEO, Christopher J. Wiernicki, detailed how global megatrends and shipping industry challenges, including digitization and connectivity, cyber security, efficiency improvements and optimization gains in operational performance, and emissions reduction are redefining the current world in which we work. “It’s clear our business environment is changing and we have a new definition of what normal means,” Wiernicki said.
Oil and Gas Industry Looks to Digitalization
New research from DNV GL, the technical advisor to the oil and gas industry, reveals that 46% of senior professionals in the sector believe there has been underinvestment in inspection and maintenance of infrastructure and equipment in recent years. Just a quarter (28%) said that they expect to increase spending on safety in 2018. 61% will maintain current budgets and 5% plan to cut investment. The findings appear in The State of Safety, a special report from DNV GL’s research on the outlook for the oil and gas industry in 2018.