CargoMate Close Seed Investment Round
Shipping technology startup CargoMate has closed a GBP 500,000 seed investment round. The investment allows the company to continue the development of their port call optimisation platform for container ships and expand the number of shipping companies they work with. CargoMate, who have been piloting their technology with a major ship operator since December 2017, reduce turnaround time for container ships in port by providing real-time port productivity analytics to vessels and fleet management departments.
CEMS Rolls out Hi-tech Labs in Visakhapatnam
India's Centre of Excellence in Maritime & Shipbuilding (CEMS), a well-funded startup in skill development for maritime and shipbuilding sector has announced thatits hi tech labs at Visakhapatnam are ready for starting orientation programmes for trainees. A seminar was held on 13th July 2018 in Vishakhapatnam to inform stakeholders about the facilities in the labs and to begin the process of training. This is shortly after CEMS announced the readiness of its Mumbai labs. CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and Ministry of Shipping.
CEMS Opening Visakhapatnam Labs
Shortly after announcing the launch of its labs in Mumbai, Center of Excellence in Maritime & Shipbuilding (CEMS), a startup in skill development for maritime and shipbuilding sector, has announced readiness of its labs in Visakhapatnam.CEMS is promoted by Indian Register of Shipping (IRClass) in partnership with Siemens and support from Sagarmala, Ministry of Shipping. Its Visakhapatnam campus is located in the Indian Maritime University (IMU) premises.CEMS has planned 18 labs for its Visakhapatnam campus of which six labs are ready and will be operationalized shortly.
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…
Viking Ocean Cruises Extends Order at Fincantieri
Viking Ocean Cruises and Fincantieri signed a memorandum of agreement for the construction of two additional cruise ships, with an option for another two. The new builds will be sister ships to the six already ordered and will enter Viking fleet in 2021 and 2022, respectively. The final contracts will become effective upon the fulfillment of financing and other customary closing conditions. The new ships will follow the same design as the current ships ordered and in operation. The entire fleet is comprised of all-veranda staterooms; each ship has a gross tonnage of 47,800 tons and accommodates 930 guests in 465 cabins. As with the other sister ships…
Denmark to Deploy 'Sniffer Drones' to Monitor Polluting Ships
The Danish EPA has contracted Danish startup Explicit to monitor sulphur compliance from ships. The monitoring will be conducted from the air by sampling exhaust plumes from vessels in waters around Denmark. The operation will deploy a unique new sniffer technology developed by Explicit for easy-mount on helicopters – and eventually also drones. The objective is to detect and deter violations of the 0.10% ECA restriction on sulphur in the bunker fuel. Deploying a new, miniaturized measurement system…
Fincantieri, Mapei Enter R&D Partnership
Shipbuilder Fincantieri said it has partnered with Mapei, a producer of adhesives and chemical products for the construction sector with a business line of shipbuilding industry products, in the field of research and innovation. According to Fincantieri, the strategic cooperation agreement will help it to optimize installation times, reduce the weight of certain materials, improve acoustic insulation by using specific products, develop and extend the use of adhesives products in some shipbuilding applications. Mapei will aim to carry out projects, leading to exploitable solutions in its operational field. The cross-joint research issues will mainly concern the development of innovative products in a wide range…
Candito Takes over as Ecochlor CEO
Ballast water treatment systems manufacturer Ecochlor, Inc. has named Steve Candito as its new CEO, effective August 8, 2017. Candito succeeds retiring CEO, Charlie Miller, who will assist during the transition. Tom Perlich, Ecochlor Founder and President, said, “Charlie has been instrumental in Ecochlor’s growth over the last 15 years. During his tenure, we have put together a skilled and experienced team, and find ourselves positioned as a global front-runner in the BWT industry.
Qatargas Delivers First Q-Max Cargo to Thailand
Qatargas delivered the first Q-Max cargo of Liquefied Natural Gas (LNG) under the long-term Sale and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited - 3 (Qatargas 3) and PTT Public Company Limited to the Kingdom of Thailand’s Map Ta Phut LNG receiving terminal. The cargo arrived on board the Q-Max LNG vessel, Bu Samra, on 5th August. This is the first Q-Max vessel to arrive at Map Ta Phut terminal since the startup of the terminal in 2011, when Qatargas delivered the first commissioning cargo to Thailand’s first LNG receiving terminal Map Ta Phut.
Borr Drilling Aims to Expand Fleet, Keep Costs Low
Borr Drilling, the Norwegian drilling start-up, which listed on the Oslo exchange on Wednesday, said it aimed to expand its fleet, taking advantage of its low cost base. The start-up, launched last year and backed by the world's biggest oil service firm Schlumberger, said it aimed to have the lowest cash break-even costs in the industry and would take advantage of current low prices for rigs. "We have no debt," Borr's Chief Executive Simon Johnson told Reuters after its shares started trading on Oslo's main market. They were previously listed on the over-the-counter market. "That might change in the future, depending on the financing needs, but we can control what we pay for assets," Johnson said.
Corpus Christi Ship Channel Reopened
The Corpus Christi Ship Channel is open to restricted operations following a record six-day closure caused by Hurricane Harvey. Harvey has left many Gulf Coast petroleum refining centers either completely shut down or with operations significantly scaled back. An estimated 25 percent of the region’s refining capacity is operational, positioning Corpus Christi as the largest refining center on the Texas Coast that is fully operational. The ship channel’s restricted opening, authorized by the U.S. Coast Guard Captain of the Port, will allow the seven local refineries to startup operations in an effort to serve the already short transportation fuels markets in the region and the nation.
MOL Group Seeks Startups Offering Innovative Solutions
MOL Group has announced a call for applications for startups with innovative solutions in the fields of mobility, loyalty marketing and big data, retail, as well as parcel delivery and distribution. The 3-month program, taking place in Budapest, in cooperation with the Hungarian incubation agency Design Terminal, is directed at startups whose solutions meet one of the objectives of MOL Group’s 2030 strategy: to become the first choice of customers on the move. MOL Group invites startups whose solutions are currently at developed incubation phase.
Wärtsilä Opening ‘Digital Acceleration Centers’
Wärtsilä has set out to accelerate new business ideas using a collection of “Digital Acceleration Centers” (DAC) scattered around the globe. The first DAC in Helsinki has been running in beta for several months and was officially launched today, and will be followed by the second to open in Singapore in December, as well as one in Central Europe and one in North America anticipated during 2018. Additional “pop-up” DACs will be tested with customers at other locations. Wärtsilä said opening the DACs is part of its digital transformation, which aims to help the company shift toward a data-driven, insights led, smart technology. Wärtsilä's Chief Digital Officer, Marco Ryan, explained, “The Digital Acceleration Center is all about getting business outcomes at pace.
ARO Drilling Commences Operations
ARO Drilling, a 50/50 joint venture between Rowan Companies plc and the Saudi Arabian Oil Company (Saudi Aramco), commenced operations on October 17, 2017. As part of the initial startup of ARO Drilling, Rowan and Saudi Aramco contributed equal amounts of cash into the joint venture. Following these contributions, Rowan sold three of its jack-up drilling rigs to ARO Drilling, including the J.P. Bussell, which was previously idle, and Saudi Aramco sold one of its jack-up drilling rigs to ARO Drilling. Following the purchase of these drilling rigs, ARO Drilling distributed excess cash in the amount of approximately $88 million to each of Rowan and Saudi Aramco maintaining each party's 50% ownership interests in the joint venture.
Svitzer Continues Its Expansion In Towage
In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m). In the first 6 months of 2016, Svitzer expanded its market share in key markets. It is also in the midst of implementing several long term contracts in its terminal towage segment. The startup costs of new operations, including a subsequent newbuilding program, impacts Svitzer’s return on invested capital (ROIC), which for the first 6 months of 2016 was satisfactory at 8.6% (11.3%).
Grand Bahama Shipyard Adds Four Executives
Grand Bahama Shipyard Limited (GBSL), a Caribbean shipyard providing retrofit, refurbishment and revitalization to cruise and commercial vessels, has added four new positions to its executive team in 2016. Taking up the new executive positions are Ian Edward Ross, Don Keirce, Charles Nugent and Adrian Baboi. Ian Edward Ross joined GBSL July 2016 as VP of HSSEQ, bringing with him over 25 years’ practical experience delivering strategic and operational support to major organizations in the oil and gas, power generation and heavy construction and fabrication industries.
ExxonMobil's Canada Offshore Project Produces First Oil
The Hebron oil project off the coast of eastern Canada has produced its first oil, operator Exxon Mobil said on Tuesday, in a boost to Atlantic Canada's output after years of weak crude prices. At its peak Hebron will produce up to 150,000 barrels per day (bpd), Exxon said. It will help Atlantic Canada offshore production climb 44 percent to 307,000 bpd by 2024, according to estimates from the Canadian Association of Petroleum Producers. The platform is located 200 miles (350 kilometres) off the coast of Newfoundland and Labrador in depths of 300 feet (92 metres) and the oil field…
A 'Ferry' Good Year
New routes, new challenges and plenty of newbuilding as 2017 gives way to the New Year. A year ago, the maritime industry could be found clinging to the edge of their seats to see what the coming year had in store. 2017 was set to be a telling year and indeed it was. With the elections finalized, the political impact, if any, was sure to be seen. While fuel prices have remained low and continuing to hamper the offshore workboat market, consumer confidence has held high and new vessel construction is strong – particularly in the ferry segment.
CMA CGM Unveils Startup Incubator Ze Box
French container shipping giant CMA CGM has set up a new global startup incubator to drive its digital strategy. Based in Marseilles, France, the incubator Ze Box is set to house a dozen of startups from around the world, starting in June this year. Located in Le Castel building, it will cover a surface of 800m² and will house, starting June 2018, a dozen of startups coming from all around the world to develop their potential. A call for applications will be launched shortly. The creation of Ze Box is part of CMA CGM’s strategy to make digitalization one of the pillars of its development.
NileDutch Implements Transmetrics Predictive Optimisation Software
In order to streamline our empty container flows and increase efficiency, NileDutch has started working with Transmetrics of Bulgaria, a tech startup that provides predictive logistics solutions. Transmetrics already has extensive experience in demand forecasting and predictive optimisation for the cargo transport industry, and as a result of this collaboration with NileDutch, it will also launch its new product, AssetMetrics. “With machine learning and intelligent algorithms we want to revolutionise how empty container handling and relocation is organised.
Statoil Submits Trestakk Plan for Development and Operation
Statoil, on behalf of the license holders, has submitted a Plan for Development and Operation of the Trestakk discovery on the Halten Bank to the minister for petroleum and energy, Tord Lien, in Bodø. Capital expenditures are estimated at approximately 5.5 billion NOK. The discovery, made in 1986, contains about 76 million barrels of recoverable oil equivalent, mainly oil. The project will be tied back to the Åsgard A oil production vessel, with planned production startup anticipated in 2019.
ZPMC gives Cranes a lift at APM LA Terminal
The tallest port crane in North America was recently raised to that height by ZPMC, which raised the crane 33 feet (10.08 meters) to prepare for Ultra-Large Container Vessels calling at APM Terminal’s Pier 400. In a landmark project that kicked off July 1, 2016, ZPMC NA is upgrading 10 cranes for APM Pier 400 Terminal. When complete, the cranes will be able to service ships carrying up to 20,000 twenty-foot equivalent containers (TEUs). Prior to this crane raise, the largest vessels that could be serviced at the Port of Los Angeles were 13,000 TEUs.
Liodden Named OBR's Sustainability Director
Oslo Business Region (OBR) has engaged Birgit M. Liodden as Director for Sustainability, Ocean Industries and Communication, with effect of May 2018. Liodden will be responsible for OBR’s activities linked to Oslo as European Green Capital 2019, and implementation of sustainability focus throughout all activities. She will also be responsible for ocean industries – a new area for Oslo Business Region – representing vast opportunities onwards. As part of Oslo Business Region’s strategy, sustainability is a key priority area moving forward.