Risk Management News

08 Apr 2020

ABS Publishes Marine Autonomy Guidance

© MagioreStockStudio / Adobe Stock

Classification society ABS published guidance on the journey to autonomy, including a goal-based framework for autonomous requirements. The ABS Advisory on Autonomous Functionality addresses the application of autonomous functions in the maritime and offshore industries, the infrastructure enabling these functions and key regulatory developments.“Autonomous technology is gradually reshaping the maritime industry, bringing benefits such as increased operational efficiency, human error reduction, emission reduction, increased safety, and operational cost reduction.

02 Apr 2020

Hepburn and Sons Adds Senior Naval Talent

David Rice (Photo: Hepburn and Sons)

The Hepburn and Sons LLC team welcomed David Rice, CAPT David Bauer, USN (Ret), and Gary Loberg as their newest members. David Rice serves as Senior Consultant, Material Science. David Bauer will serve as the Senior Manager, Material Science. Gary Loberg serves as Senior Manager, Advisory Services.David Rice comes to Hepburn and Sons, LLC after a career spanning 45 years at Newport News Shipbuilding (NNS). During his time at NNS he served as the Manager of Contracted Research & Development and was responsible for Research & Development Programs funded by ONR/ManTech…

10 Mar 2020

DCSA Releases Cyber-Security Guide

Image: DCSA

The Digital Container Shipping Association (DCSA), a non-profit group of nine major ocean freight carriers, has rolled out its cyber security guidance to prepare shipowners and vessels for the International Maritime Organization’s pending cyber security mandate.The best practices outlined by DCSA provide all shipping companies with a common language and a manageable, task-based approach for meeting the IMO’s January 2021 implementation timeframe, DCSA said in a statement.IMO’s…

06 Mar 2020

KR Certifies First Cyber Security Compliant Vessel

left to right, Capt. Kyaw Myint (SONGA HAWK master), Mijo Banicek (Songa Ship management electrical superintendent), Jeoung-kyu Lim and Sang-hoon Choi from KR’s Cyber Certification Team.  (Photo: KR)

Korean Register (KR) has completed a comprehensive cyber security survey of the chemical/oil tanker SONGA HAWK and has certified the ship to be fully compliant in all areas, the very first ship to achieve the certification.Songa Ship management manages and operates 18 chemical/oil tankers and five semi-submersible vessels. The company signed a cyber security contract (valid for five years) with KR in 2018, covering its fleet of 23 vessels.KR conducted a cyber security audit of Songa Ship management and certified the company to be fully compliant in all areas in 2019…

02 Mar 2020

Business and Personnel Considerations in the Age of Autonomous Ships:

Image: videotrinkets/AdobeStock

There is much talk among maritime professionals about how automation and autonomous vessels will make the industry safer. In truth, innovation will be driven by the bottom line and will take time before it is commonplace in the industry. Early examples are likely to be limited to smaller vessels and coastal waters. Autonomous ships are predicted to reduce human error, a major driver of accidents, but crews will still have an important role on board vessels for the foreseeable future.Recent TrialsIn December 2018…

24 Feb 2020

Insights: Jennifer Carpenter, AWO President & CEO

Jennifer Carpenter (Photo: AWO)

Jennifer A. Carpenter serves as President & CEO of The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry. Carpenter joined AWO in August 1990 and became President & CEO in January 2020. Before assuming her current position, she worked her way up the hawsepipe from Government Affairs Assistant to Executive Vice President & Chief Operating Officer, holding a series of progressively responsible positions including Manager-Regulatory Issues…

06 Feb 2020

Risk Management with a Mouse Click

Risk Intelligence provides security data, information, analysis and assessment to enable safe navigation in areas of risk in an increasingly uncertain world.Since its founding in 2001, Denmark-headquartered security information specialist Risk Intelligence has developed a fully integrated risk assessment and planning tool that provides valid, actionable intelligence to any fleet, on land, in port or at sea, 24/7/365. The company has three information and intelligence products that together assess security risks at sea…

26 Jan 2020

IOOC Launches First PIMS

Image: Iranian Offshore Oil Company

Iranian Offshore Oil Company (IOOC), a subsidiary of the National Iranian Oil Company, has successfully launched its first offshore pipeline integrity management system (PIMS) in the Iranian oil industry.According to IOOC, the system was launched in order to comply with international and national requirements for the standard, safe and continuous operation of the Salman Oilfield’s gas pipelines with a Norwegian company and the Pipeline Technology Company.The project is dubbed as the first of such projects in the Iranian offshore oil industry…

23 Jan 2020

Offshore Wind: The Domino Effect

Matt Tremblay, SVP, Global Offshore, ABS

Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The American Bureau of Shipping convened a conference to discuss the pace and direction of the U.S. offshore wind market, including challenges and opportunities for maritime, offshore, subsea and logistics markets. Matt Tremblay, SVP, Global Offshore, ABS, moderated the event and shares some of its findings here.Where do you see opportunities today for growth in the U.S.

31 Dec 2019

Ordtek Announces New Operations Director

Gary Thirkettle (Photo: Ordtek)

Ordtek has announced the appointment of Gary Thirkettle as their new Operations Director.With a career spanning over 25 years in the offshore site investigation industry, he brings a proven depth in both operational and commercial experience to Ordtek.Ordtek has recently opened an office in Boston, USA to support a number of offshore wind farm developments in the region. After the success and lessons learnt in Virginia, Ordtek is now helping shape offshore UXO risk management in the USA through industry guidance.

03 Dec 2019

10 Tech Trends to Impact Shipping Industry

Technology Outlook 2030 (stills from video). Image: DNV GL

A new report has identified the ten technology trends, and their associated risks, that will shape industry and society in the coming decade.The rapid advancement of digitalization is behind many of the trends, profoundly challenging our personal and societal assumptions, according to DNV GL, the global risk management and quality assurance company.The report 'Technology Outlook 2030' said that the relationship between humans and technology is switching, with humans increasingly augmenting the decisions of artificial intelligence…

21 Nov 2019

Dualog, NYK Sign Cyber-Risk Contract

 From left, Otto Malmgren, counsellor at Norwegian Embassy; Per Arve Frøyen, director of Innovation Norway Japan; Morten Lind-Olsen, CEO of Dualog; Hideki Suzuki, corporate officer at NYK; Hideyuki Ando, senior general manager of MTI. Photo: Dualog

Japanese shipping company NYK has signed  a long-term industrial research and development project agreement with Tromsø-based Dualog which aims to result in a cutting-edge Cyberrisk Management System for vessels.The project announced today at the Norwegian Embassy in Tokyo will receive two years of funding from the Norwegian government fund Innovation Norway.The agreement will see the development of digitized products and services across a test-bed of 50 vessels with a view to…

14 Nov 2019

10th Annual Maritime Risk Symposium at Suny Maritime

3-Day Event Gathers Industry Leaders to Focus on Risks to the Marine Transportation SystemFrom November 13-15, the 10th annual Maritime Risk Symposium (MRS) will take place at SUNY Maritime College bringing together academics, government, and commercial entities to discuss threats, challenges, and risks associated with the Marine Transportation System (MTS).Key industry leaders participating in the event include First Coast Guard District Commander Rear Admiral Andrew Tiongson, MARAD Administrator Mark “Buz” Buzby, and New York State Supreme Court Judge John Ingram. “A resilient Marine Transportation System is imperative to our Nation’s economic prosperity and national security…

11 Nov 2019

AEO Status for APM Terminals Quetzal

Pic: APM Terminals

Guatemala’s Superintendence of Tax Administration (SAT), customs entity, has recognized APM Terminals Quetzal’s transparency and security through its accreditation as an Authorized Economic Operator (AEO). The terminals achieved a 100% compliance rating.The terminal uses a state-of-the-art terminal operating system to optimize security, control and cargo management. It also enables customs and customers to work together as efficiently as possible.Authorized Economic Operator (AEO) recognized the terminal’s compliance with international and local security standards…

29 Oct 2019

Ship Design: Evolving for Efficiency, Compliance

Alternate fuels such as liquid hydrogen are already well-served by existing supply chains. Credit: Glosten

The evolution of marine design is increasingly influenced by three drivers: New three-dimensional design tools, the increasing complexity of power systems, and new access to high-latitude shipping routes. While new digital design tools are a natural progression of the current Information Age, new propulsion energy requirements and Polar shipping routes are reactions to the legacy of the ebbing Industrial Age. Three-Dimensional Design WorkflowsA young naval architect recently stated…

29 Oct 2019

Sembcorp Earns 3D Printing Certifications

Sembcorp Marine President & CEO, Wong Weng Sun (right) receiving the certifications from Remi Eriksen, Group President & CEO of DNV GL. (Photo: Sembcorp Marine)

Sembcorp Marine earns 3D printing certifications for parts used in construction and repairsThese certifications will help the Group unlock significant efficiencies and reduce supply chain risksSingapore-based Sembcorp Marine has received certifications qualifying its 3D printing procedures and specifications for components used in its construction and repair projects, paving the way for new efficiencies and reduced supply chain risk, the company said.Awarded by quality assurance and risk management company DNV GL…

15 Oct 2019

Cyber Hack: Fortifying Maritime, Port Security

© denisismagilov/Adobe Stock

The United States Coast Guard Marine Safety Alert 06-19 (USCG MSA 06-19) outlines a February 2019 incident aboard a deep draft commercial vessel that called on the Port of New York / New Jersey after experiencing a significant cyber incident that impacted their shipboard network. The Safety Alert stated in part:“An interagency team of cyber experts, led by the Coast Guard, responded and conducted an analysis of the vessel’s network and essential control systems. The team concluded that although the malware significantly degraded the functionality of the onboard computer system…

10 Oct 2019

New Online Marine License Insurance Program

Mariners looking for insurance have a new option that is touted as being fast and affordable, cared for immediately in an online format that is designed to be more expedient than ever.360 Coverage Pros launched a new Marine License Insurance Program for mariners that offers an entirely online buying experience combined with low monthly payment options and instant proof of coverage.Until now, the process of securing a marine license insurance policy involved requesting quotes,…

10 Oct 2019

Interview: Martin Kits van Heyningen, CEO, KVH

Martin Kits van Heyningen, CEO, KVH, on the manufacturing floor on the day KVH shipped its first TracPhone V11-HTS in April 2019. Photo: KVH

Connectivity is the backbone of modern maritime operations as ships and boats at sea increasingly become connected. We recently met with Martin Kits van Heyningen, CEO, KVH, to discuss the evolution of communication in the maritime sector and so much more, as KVH is diverse and engaged in a number of markets -- including autonomy for 10 years with work on about 30 different  platforms for self-driving vehicles.To start, give us a “State of KVH” today.We started originally in the leisure market…

09 Oct 2019

ICE Reports Milestone Trading of LNG Contracts

Image: ICE

Intercontinental Exchange, operator of global exchanges and clearing houses and provider of data and listings services,  reported new milestones in the trading of the TTF natural gas and JKM LNG (Platts) contracts.In September, TTF Futures and Options hit an all-time monthly volume record of more than two million lots (2,023,848), equivalent to 1,484 TWh. TTF Futures set a new daily volume record on September 10 of 193,695 lots, equivalent to 142.1 TWh.TTF is the most liquid European natural gas benchmark…

17 Sep 2019

NYK in ESG Index for 17th Year in a Row

 Pic: NYK

Japan's shipping giant Nippon Yusen Kaisha (NYK) has been selected for the Dow Jones Sustainability Indices (DJSI), the world's leading investment indexes for ESG (environmental, social, and governance) criteria, for a 17th straight year.The DJSI, which is a major global index for companies engaging in ESG initiatives, is composed of selected sustainability-driven companies from over 3,500 worldwide companies invited to participate in a selection process consisting of an in-depth analysis of economic…

18 Sep 2019

Clarke Joins Seaspan Shipyards as CFO

James Clarke  (Photo: Seaspan)

Seaspan Shipyards (Seaspan) has announced the appointment of James Clarke as Chief Financial Officer (CFO). With more than 15 years of senior finance experience in engineering and industrial environments Mr. Clarke brings his strong background in strategic finance to Seaspan’s growing shipbuilding and ship repair operations.Clarke joins Seaspan from the Houston, Texas, office of SNC Lavalin where he was the Chief Financial Officer and Senior Vice President of Finance for the Oil and Gas Division with operations in the Americas, Middle East, and Australia.

03 Oct 2019

DNV GL Awards Type Certificate to SGRE

From left to right: Andreas Kamleitner, Director Product Development and Sales for Renewables Certification at DNV GL, Axel Dombrowski, Director Innovation and Digitalization for Renewables Certification at DNV GL, Guilherme Cunha, Certification Project Manager Siemens Gamesa Renewable Energy, Johnny Lillelund: Head of Technical Functions D8G4 Siemens Gamesa Renewable Energy. Photo: DNV GL

DNV GL, the global quality assurance and risk management company,  has awarded Siemens Gamesa Renewable Energy (SGRE) with type certification for the manufacturer's new 8MW offshore wind turbine.The certificate for the SG 8.0-167 DD machine confirms full compliance of the turbine design to the international wind turbine standard IECRE OD-501 and allows for immediate market implementation.The turbine will be installed in offshore wind parks worldwide including the 1,400 MW Hornsea 2 project in the UK and the 900 MW Greater Changhua 1 & 2a project in Taiwan.Compared to its predecessor…

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