Hapag-Lloyd Deepens Cost Cut Drive after H1 Loss Widens
German shipping company Hapag-Lloyd said it accelerated cost cuts in the first half of 2018 to offset higher operational costs from fuel costs, charter rates and a slow recovery in freight rates."We have implemented additional measures to recover these costs: we are critically reviewing the economic viability of our ship systems and are further optimising our terminal contracts," Chief Executive Rolf Habben Jansen said.Its shares rose 2.6 percent in early trades.Freight rates fell 45 percent, causing Hapag-Lloyd's first half net loss to widen by 58 percent to 100.9 million euros ($115.7 millio
Five (More) New Products to Find @ SMM 2018
The SMM 2018 scheduled to take place September 4-7, 2018, in Hamburg, Germany, is held every two years and is the traditional launching platform for a variety of commercial shipping and shipbuilding technologies. Five new marine technologies to look for in Hamburg include:Company: CM Technologies GmbHBooth: A3.204Product: New Performance Indicator to save fuelThe PREMET X measuring device presented by CM Technologies GmbH makes it possible to precisely determine the cylinder pressure at every cylinder position…
Hapag-Lloyd Cutting Costs as Fuel Prices Rise
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on Tuesday."Major cost positions have risen more than initially expected and are pressuring operating margins," CEO Rolf Habben Jansen said in Hamburg."We are responding short-term to this development through forceful cost management and will keep Hapag-Lloyd competitive this way," he added.Among the measures being taken are accepting more valuable cargo…
US Navy Adds Sioux City and Wichita to its Fleet
Lockheed Martin and Fincantieri Marinette Marine (FMM) delivered the future USS Sioux City, Littoral Combat Ship (LCS) 11, and future USS Wichita, LCS 13, to the U.S. Navy.LCS 11 is the sixth Freedom-variant LCS designed and built by the Lockheed Martin-led industry team and will be commissioned at the United States Naval Academy in Annapolis, Maryland, on Nov. 17. LCS 11 will be the first combat ship ever commissioned at the Naval Academy.LCS 13 is the seventh Freedom-variant LCS designed and built by the Lockheed Martin-led industry team…
Hapag-Lloyd to Accelerate Digitalization as it Doubles 1H 2018 Loss
The the first half year 2018 net loss of Germany's Hapag-Lloyd is more than doubled to UER 100.9 million ($116 million) from EUR 42.7 million (USD 49 million) a year ago.The shipper attributed this loss to rising fuel costs and the slow recovery in freight rates diluted the synergies from the German ocean carrier’s merger with United Arab Shipping Company."The first half of 2018 was shaped by clearly increasing fuel costs, higher charter rates and a slower than expected recovery of freight rates.
Rolls-Royce Launches Battery System for Ships
Rolls-Royce has been delivering energy storage systems for ships since 2010, but the actual energy storage units were previously supplied by an external party. The company announced today it is launching its own lithium-ion based energy storage system.Energy storage can be a major green investment for a ship owner, with maximized returns when the system is correctly dimensioned for the specific ship, and includes intelligent power control.Rolls-Royce said its new SAVe Energy liquid cooled battery system is cost competitive…
Naval Dome Call on Insurers to Revoke Clause CL 380
Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems.Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference, Naval Dome CEO Itai Sela said that with the maritime industry increasingly moving towards connected, cloud-based technologies and autonomous operation, a 15-year-old Clause that excludes damage to computer systems…
First Marine Type Approval for Cyber Enabled Components
As the marine industry moves towards the incorporation of digital, connected solutions onboard ships, Lloyd’s Register (LR) released Type Approval Requirements for components within Cyber Enabled Systems on board Ships. According to LR, introduction of this type approval procedure is important, as it defines a critical point in the evolution of smart technology implementation within the marine and offshore industry – delivering an assurance system that provides confidence in the market for the supply of cyber enabled components. Shipyards and designers will be able to select type approved component parts to build cyber enabled ‘smart’ ship systems with a new level of confidence and quality indication.
ABS Conducts First Hellenic Technical Committee Meeting
ABS has hosted the inaugural meeting of the Hellenic Technical Committee (HTC) at its state-of-the-art Global Ship Systems Center (GSSC). “The Hellenic shipping community possesses a wealth of engineering knowledge and we are honored to assemble such a credentialed Technical Committee,” said ABS Europe Division Senior Vice President Vassilios Kroustallis. The HTC includes more than 20 key technical professionals across the maritime industry representing owners, operators and owner associations.
US Navy Accepts Delivery of Future USS Ralph Johnson
The Navy accepted delivery of future guided-missile destroyer USS Ralph Johnson (DDG 114) from shipbuilder Huntington Ingalls Industries (HII) Nov. 15. In early September, DDG 114 successfully demonstrated its ship's systems and readiness during a series of at sea and in-port trials for the U.S. Navy's Board of Inspection and Survey (INSURV). Due to the success of the trials, INSURV recommended the ship be accepted for delivery to the U.S. Navy. "The namesake of this ship is a true American patriot who sacrificed his life for the safety of his fellow Marines and his country," said Capt.
Classification Steps Up to the Digital Challenge: DNV GL
The maritime world is in the middle of a period of rapid change, with increasing digitalization, new regulations and shifting markets. Classification societies can help to remove barriers, speed up the process, and assist stakeholders make the most of the new landscape, IACS Chairman Knut Ørbeck-Nilssen said at DNV GL’s press conference at Marintec China today. “One of the major contributions of class in current times of transformation is to bring familiar assurance processes to new and unfamiliar technologies…
ABS Exec Maps Future of Autonomous Shipping at Marintec
“With fast-paced advances in technology, we are on a journey to autonomous transportation at sea,” said ABS Executive Vice President for Global Marine Dr. Kirsi Tikka, at the 2017 Marintec China conference in Shanghai, China. Tikka, who chaired a panel session on the marine industry’s journey to autonomy, described the benefits that will come during interim phases of the voyage to autonomous shipping. “The transition to the next generation of shipping is fueled by automation, data and connectivity.
Ferry Sunflower is Test Bed for "Intelligent Awareness"
The maritime industry increasingly moves towards autonomy, and Rolls-Royce has been a major driver of the initiative globally. Today Rolls-Royce announced a deal with Japanese multi-modal transport company Mitsui O.S.K. Lines (MOL), to collaborate in the development of its intelligent awareness system. Specifically the intitiative will be trialled onboard the 165-m passenger ferry Sunflower, owned and operated by Mitsui O.S.K. Lines’ subsidiary company, which makes the 222-nautical mile run between Kobe and Oita via the Akashi Kaikyo, Bisan Seto and Kurushima Straits.
Driver-less Ships: Autonomy in the Maritime Sector
In a show of prototypes, a pod of unmanned sailboats from around the world competes to cross “The Atlantic” test tank in Horten, Norway. Cross the real ocean, and the Sail Bots race similarly challenges scholarly robotic-vessel designers to North America for a bit of station-keeping, collision-avoidance and “cargo moves”. For all, the future seems bright — the first commercial runs of unmanned vessels are underway or scheduled worldwide. These earliest movers have the support of governments, Google and grateful clients.
Navigating the New Norm
It is not business as usual in the world where we do business. Things are changing. Even regulations themselves are changing from less prescriptive in nature to more performance-based. As Chairman, President and CEO of a global classification and technology-centric company that operates in 70 countries with 5,000 employees, I am continually assessing the impact of these changes on the capabilities ABS needs to fulfill its mission and maintain its leadership position in the maritime, offshore and government industries it serves. To know where we are heading, we have to know where we began.
Fincantieri to Adapt FREMM Frigate for US Navy
Shipbuilder Fincantieri Marine Group has announced further details on its plans to adapt its FREMM frigate, already in service for the Italian Navy since 2012, to design the U.S. Navy’s new guided-missile frigate, FFG(X). Fincantieri said it will lead an industry team, including Gibbs & Cox and Trident Maritime Systems, to design and build the ships at its U.S. shipyards, including Fincantieri Marinette Marine (FMM) in Marinette, Wisc. The FFG(X) design is based on FREMM, a multi-mission ship capable of conducting antisurface…
Asbestos: Maritime’s Ticking Time Bomb
The International Maritime Organization (IMO) should amend regulations banning the use of asbestos and asbestos containing materials (ACM) in ships, says John Chillingworth, senior marine principal at Lucion Marine. Regulations under the International Convention for the Safety of Life at Sea (SOLAS) state that if asbestos is found onboard a ship built after July 2002 then the vessel’s flag registry, in conjunction with its classification society, issues a non-extendable exemption certificate, providing the owner with a three-year window in which to remove the asbestos.
Lengthened Research Vessel Gets a New Life
The R/V Connecticut operated by the University of Connecticut (UConn) Marine Sciences program was recently lengthened from 76 feet to 90 feet, giving scientists and crew on board the oceanographic research vessel some much needed extra space. The 1998-built R/V Connecticut had been operating at its original length of 76 feet since its construction, but the vessel required additional staterooms and lab space. “Things were pretty cramped at the old length,” said Turner Cabaniss, the program’s marine operations manager.
Cyber Security Tests Performed on Zim Genova
Naval Dome said it has completed the pilot testing of its multi-layered cyber security system for Lloyd’s Register aboard XT Shipping’s Zim Genova. The 4,300 TEU containership was operational during the tests, which were supervised by the classification society and bridge systems provider Totem Plus. The pilot tests, carried out as part of the classification society’s initiative to develop cyber security guidelines, and the first of their kind on a vessel in transit, evaluated the Naval Dome system’s ability to defend ships against a variety of cyber-attacks.
US Lays Keel for 21st Littoral Combat Ship
The Lockheed Martin (LMT)-led industry team officially laid the keel for the U.S. Navy's 21st Littoral Combat Ship (LCS), the future USS Minneapolis-Saint Paul, in a ceremony held at Fincantieri Marinette Marine in Marinette, Wisc. Ship sponsor Jodi Greene authenticated the keel by welding her initials onto a steel plate that will be placed in the hull of the ship. "It is a tremendous honor to serve as the sponsor of the future USS Minneapolis-Saint Paul," Greene said. "I look forward to supporting the ship and its crew throughout the building process and the life of the ship.
LCS 17 Christened USS Indianapolis
The Lockheed Martin-led industry team hosted the christening ceremony for the 17th Littoral Combat Ship (LCS) at the Fincantieri Marinette Marine shipyard on Saturday. Ship sponsor Jill Donnelly christened LCS 17, the future USS Indianapolis , in Navy tradition by breaking a champagne bottle across the ship's bow. "As a native Hoosier and the daughter of two World War II veterans, there is no greater honor than to serve as the sponsor of the future USS Indianapolis ," Donnelly said.
The Day of the Unmanned Ship is Dawning
While debates rage in regards to safety, insurance and cyber security, the tech powering autonomous maritime operations continues to power ahead.Advances in sensor technology, data analytics and bandwidth-to-shore are fundamentally changing the way shipping works. And as operations are digitalized, they become more automated, Dr. Pierre C. Sames, Director of Group Technology & Research at class society DNV GL, has stated.Governments around the world are looking into unmanned shipping…
Shipping Cyber Risk Management Solution Launched
A new integrated risk management solution launched for the global shipping community is said to be the first of its type, according to OSERV.OSERV, OSM Maritime Group’s specialized concept for supply chain management and value-added services, developed the solution together with cyber security specialist Pragma.Combining five crucial elements of cyber protection – technical, operational, IT backup, legal and media crisis management, the new SEAWALL Maritime Cyber Security solution aims to address the peril of cyber-attacks in today’s climate of the escalating incidents in the maritime industry.A 2017 ransomware attack involving Maersk…