Performance Management News

Ascenz Marorka, a GTT Group company, has been granted a type approval for cybersecurity for its digital solutions by Bureau Veritas.The type approval highlights the ability of the Ascenz Marorka solutions to meet the cybersecurity challenges of the maritime sector with resilience and reliability. Benefiting from robust protection for its computer systems, encrypting the data used and being able to isolate the networks are some examples of approved functionalities. This approval demonstrates the Ascenz Marorka commitment to helping build a sustainable future…

Manta Marine Technologies, formerly known as Yara Marine Technologies (YMT), unveiled its new brand and leadership team, following its recent acquisition by Geneva-based Okapi Supply Trading Advisory SA.The Manta Marine Technologies team will now be led by CEO Ina Reksten, who previously served as Deputy CEO and Chief Operating Officer. Outgoing CEO Dr Thomas Koniordos has been appointed as Chair of the Board, while former Chief Sales Officer, Aleksander Askeland will be the new CFO and Richard Engelhart Bjercke will be the new CCO.“I am confident that Manta Marine Technologies…

Shipping’s journey of digital transformation is as much about cultural change - from the boardroom to onboard vessels - to adapt to new ways of working with data collaboration at the core as it is about technology adoption, according to a new Bureau Veritas-backed research study.Digital transformation of the industry “demands a systemic shift in how we work together,” Bureau Veritas Marine & Offshore’s VP Digital Solutions & Transformation, Laurent Hentges, said in the foreword to the report by research firm Thetius…

Siloed data systems represent a “recipe for duplicative and multiplicative cost inside a company and across companies”, an OrbitMI-hosted panel at the recent Shipping Insight event in the US was told, as a Bureau Veritas-backed study highlighted this as a big barrier to data collaboration for digitalization of shipping to cut emissions.Vast amounts of data are generated from ship operations - such as from sensors onboard or vessel performance management systems - as well as from…

German shipping company Neu Seeschiffahrt has inked a deal to install Yara Marine Technologies' (YMT) propulsion optimization technology across its fleet of six very large ore carriers (VLOC) and two recently acquired Newcastlemax vessels in 2024.YMT's FuelOpt system reduces fuel consumption and associated emissions by automatically adapting the vessel’s propulsive power to real-time environmental conditions. YMT says the system is available for newbuilds or retrofit, and is compatible with any type of propeller or engine as well as all existing and future fuels.

Silver Ships promoted Jason Powers to Chief Operating Officer (COO). Previously, Powers held the role of Director of Business Development and has been a valued and dedicated member of the Silver Ships team for more than 25 years.As COO, Powers will direct daily production operations alongside the executive team and report directly to CEO, Steven Clarke. His responsibilities will include organizational leadership, process optimization, cost management, performance management and continuous improvement.

A new white paper published by maritime performance management company Opsealog sets out five practical steps that OSV operators can take to secure improvements in fuel efficiency through better data analytics.Existing data that companies are already collecting, for example in mandatory logbooks, can enable significant vessel and fleet efficiency gains, says Opsealog.With case studies drawn from Opsealog’s eight years of experience across the world’s offshore markets, the research highlights how having detailed digital monitoring in place helps owners…

Arab Maritime Petroleum Transport Company (AMPTC) has implemented StormGeo's environmental performance management solution across its entire tanker fleet to manage the environmental performance of its fleet and adhere to evolving GHG regulations. AMPTC recently solidified a three-year agreement to use StormGeo’s Environmental Performance module in s-Insight on all tanker vessels at AMPTC’s disposal."At AMPTC, we perform intensive market research on the solutions available before we reach a decision on whom we will partner with.

Yara Marine Technologies, artificial intelligence (AI) application developers Molflow, Chalmers University of Technology and social science specialists from Halmstad University and Gothenburg University have collaborated over three years to develop and trial an AI-based semi-autonomous voyage planning system.Initiated in August 2020, the Via Kaizen project explores how AI and machine learning can enable more energy-efficient voyage planning for ship operators. The project demonstrated…

Teekay Tankers signed agreements to equip 25 additional tankers with Yara Marine Technologies’ FuelOpt propulsion optimization technology. The order follows the installation and evaluation of FuelOpt onboard Zenith Spirit in 2021, followed by a further three vessels in 2022.Teekay placed the new orders in Q1 and Q2 2023 after having confirmed that the use of FuelOpt onboard four of its vessels, operating with steady shaft power, resulted in fuel savings and emissions reductions of 3-5% through 2022. FuelOpt is compatible with all existing and future fuels and is designed to be user-friendly.

Palo Alto, Calif. based AI shipping optimization company Bearing announced it has appointed Jim Daly as chief operating officer.“We’re excited to have Jim on board as we steer the maritime shipping industry toward more sustainable operations with our AI-driven solutions,” said Dylan Keil, CEO and co-founder of Bearing. “He understands the importance of our mission and he’ll be an integral part of our leadership team, helping us scale and create impactful technology to make maritime…

Inmarsat, a mobile satellite communications services provider, will roll out an Internet-of-Things (IoT) solution to more than 60 of Saudi-based Zamil Offshore's vessels in the Gulf area.The solution - powered by Fleet Connect and Fleet Data delivered through Inmarsat’s Fleet Xpress - will allow Zamil to identify, trial and select the best solutions to meet vessel performance expectations set by its charterer, Saudi Aramco. The news of the deal between Inmarsat and Zamil Offshore follows a successful trial on the fleet’s anchor tug, Zamil 57.

Kongsberg Digital and Propulsion Analytics have signed a partnership that will add Propulsion Analytics’ Engine Hyper Cube and VesselQUAD applications to the Kognifai Marketplace digital tools platform.Propulsion Analytics supplies applications in performance management and energy efficiency for the maritime industry.The Engine Hyper Cube application is an engine performance management and fault diagnosis tool. It uses a thermodynamic digital twin of any engine (main and/or auxiliary engines) to enable engine optimization, as well as early detection and localization of faults.

Denmark's Christiania Shipping, which operates 20 vessels, added StormGeo’s CII Simulator to its fleet performance management toolbox earlier this year. “With the new Carbon Intensity Indicator (CII) rating scheme coming into play soon, we are determined to do our part in decarbonizing the shipping industry,” says Rune Eriksen, Chief Operating Manager at Christiania Shipping. “StormGeo’s CII Simulator not only gives us deep insights into the CII status of our individual vessels but also helps us make well-informed decisions on how we best can deploy our fleet. The system is very user-friendly and is being used across the organization.”With the CII Simulator…

The U.S. Coast Guard must do more to improve safety in the extremely dangerous commercial fishing industry, according to a new report from watchdog agency the U.S. Government Accountability Office (GAO).Commercial fishing has one of the highest industry death rates in the U.S., according to the U.S. Bureau of Labor Statistics. Since fiscal year 2011, multiple commercial fishing vessel safety requirements have been enacted. As the principal federal agency for ensuring marine safety, the U.S.

NAVTOR’s NavFleet performance management and optimiation platform will now be able to access the data collected by HOPPE’s onboard vessel technology, after the two signed a new collaboration partnership that allows customers of the firms to feed real-time operational data into the NavFleet application, giving onshore teams complete awareness, understanding and control of their maritime assets.It is, says Arild Risholm Sæther, CBDO NavFleet, NAVTOR, “the key to better business decisions that impact on performance, profitability and sustainable fleet management.

NAVTOR has teamed up with Danelec in a partnership that will help shipowners and operators translate onboard data into business value, unlocking enhanced commercial and operational decision making.The agreement will bring together the wealth of data collected by Danelec’s advanced internet-of-things (IoT) vessel infrastructure with NAVTOR’s NavFleet performance management and optimization platform. This combined collection and analytics solution will, the partners explain, allow users to empower new standards of sustainability…

China's Yantai CIMC Raffles Shipyard has ordered an integrated power, automation, and propulsion system from ABB for a newbuild offshore wind installation jack-up vessel (JUV) being built for the Dutch marine contractor Van Oord.The vessel, Boreas, is due for delivery to the owner in the second part of 2024, and it is said that it will be one of the largest and most technologically advanced hybridized units of the type in operation, measuring 175 meters in length. It will be able to lift over 3…

Yara Marine Technologies acquired Lean Marine, a company, a company which provides automated fuel-saving, performance management, and reporting solutions, today installed on more than 200 vessels.In a release announcing the deal, it was touted that Lean Marine systems can help cut fuel consumption and CO2emission up to 25 percent. The FuelOpt system optimizes a vessel’s propulsion line in real-time based on the commands from the bridge, enabling automated control of vessel speed and fuel consumption, and avoiding fuel overconsumption.

The crippling ransomware attack against the Colonial oil pipeline in the U.S. in May 2021 should be a wake up call for the maritime industry. As a critical part of the global supply chain, the shipping industry could become an attractive target for cyber criminals and politically motivated attacks. Marine insurer Allianz Global Corporate & Specialty explores these challenges in its latest Safety & Shipping Review 2021.The 9,000km long Colonial Pipeline, which connects some 30 oil refineries and nearly 300 fuel distribution terminals…

Tanker owner/operator Ardmore Shipping Corporation on Wednesday announced the planned departure of its current chief financial officer Paul Tivnan and appointment of new CFO Bart Kelleher, effective September 28, 2022.Anthony Gurnee, Ardmore's chief executive officer, said, Kelleher and Tivnan will overlap and work together from September 1 to "achieve an orderly and well-planned transition".Kelleher brings to the role more than 25 years of progressive experience in the maritime, finance, energy and industrials sectors, having most recently served as chief executive officer of Chembulk Tankers. He previously served as both Chief Strategy Officer and Chief Financial Officer of the firm, and prior to that, was the chief operating officer of Principal Maritime Management.

StormGeo launched a new Carbon Intensity Indicator (CII) Dashboard that provides ship operators with the ultimate digital tool for calculating, reporting, and proactively improving the CII rankings of their fleet.The new CII Dashboard is a key addition to StormGeo’s software and services suite, s-Suite where it has been integrated into the s-Insight platform.CII RulesThe CII is an operational efficiency indicator that measures how efficiently a ship transports goods or passengers in grams of CO2 emitted per cargo-carrying capacity and nautical mile based on its Annual Efficiency Ratio (AER).

Like every sector of cargo and passenger shipping, “digitalization”—where computerized processes are replacing onboard routines previously handled manually— is an ongoing trend coastwise, on the waterways and harbors. Regulatory compliance, especially with Subchapter M for towing vessels, has also driven choices of onboard equipment with digital interfaces to software and online platforms for record-keeping and for generating inputs for forms and documents.Improved performance has also shaped the capabilities of equipment in the wheelhouse and the view from the bridge.