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.
Virgin Hyperloop One Selects New Chairman
Global hyperloop pioneer Virgin Hyperloop One elects Sultan Ahmed bin Sulayem as Chairman and Jay Walder as CEO as company leverages new round of funding to begin implementation of hyperloop from Pune to Mumbai.Sultan Ahmed bin Sulayem is the Group Chairman and CEO of DP World. Jay Walder, who is one of the world’s leading mass transportation and technology executives, has been appointed as its new CEO. Walder will also join the company’s Board of Directors.The selection of a…
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.
Zero carbon at sea? Rotterdam port eyes a greener future
In Rotterdam, ships from around the world cruise in and out of Europe's busiest port, a bustling industrial hub that employs almost 200,000 people and produces 20 percent of the Netherlands' climate-changing gases.As Rotterdam tries to cut its emissions - in line with global goals to curb global warming - shipping emissions are a particular challenge, not least because many fall outside the targets set by the Paris Agreement to curb climate change.But the city's bustling port…
VIKING to Distribute HydroPen Container Firefighters
Maritime safety equipment manufacturer and global servicing provider VIKING Life-Saving Equipment has signed with Rosenby Engineering to exclusively distribute the award-winning Danish startup’s HydroPen fire extinguishing system for container vessels.VIKING’s Product Management and New Building Director Jørgen Holm, sees the HydroPen System as a leap forward for protecting container vessels, their cargo and crew from one of modern shipping’s most hazardous situations.“Traditionally…
Ferry Safety and Technology Conference set for February in Bangkok
The 5th Annual Ferry Safety and Technology conference will be held in Bangkok Thailand on February 20‐22, 2019. The conference is designed to showcase the best practical technologies to improve safety particularly‐ but not solely, for the developing world.The conference is co‐hosted by the Worldwide Ferry Safety Association (WFSA) and the famed Chao Phraya River Boat Co. The conference features good news on multiple fronts: new high‐quality ferry systems; new development of inland waterways making them safe for ferries in India and Bangladesh (in a presentation by the World Bank)…
Yanbu South Terminal Boost Export Capacity
The oil giant Saudi Aramco has competed the rehabilitation and upgrade project of the Yanbu South Terminal (YST), which adds an extra three million barrels per day of crude oil to its West Coast export capacity.Yanbu South Terminal, which is located south of Yanbu City on the West Coast of Saudi Arabia, consists of a tank farm and offshore facilities to receive, store and load Arab Light (AL) and Arab Super Light (ASL) crude oil.The facility’s integration with the existing crude oil supply network adds 3 million barrels per day to Saudi Aramco’s export capacity through the West Coast…
Maersk Launches Startup Accelerator
AP Moller - Maersk has launched India-focused OceanPro, a 120-day accelerator program to give shipping and logistics startups an opportunity to partner with Maersk to bring innovative technology solutions to ease the global supply chain for customers and further accelerate global digital transformation.“We recognize the immense potential of India’s technology and digital talent and are looking to capitalize on these capabilities to help the logistics industry worldwide, to reinvent itself,” said Søren Skou, CEO, A.P.
Equinor to Boost Drilling to Extend Norwegian Shelf Life
Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to extend production from the mature basin beyond 2030.Equinor announced plans on Tuesday to drill up to 3,000 wells offshore from its native Norway in coming decades - almost as many as it has drilled since its startup in 1972 - to mitigate declining output from older fields, and extend the production lifetime of more than 20 installations.The company said it remained on track for to keep profitable oil and gas production in Norway towards 2030…
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.
Damen Partners with Clean Energy Startup
Damen Shipyards Group has signed a cooperation agreement of understanding with clean energy startup Skoon Energy to further advance the energy transition underway in the shipping industry.Skoon was founded in 2017 by Daan Geldermans and Peter Paul van Voorst, two students of the Delft University of Technology. The company focusses on the large-scale electrification of ships’ propulsion via management of a battery sharing network and strategically located charging hubs with a 100 percent clean energy supply.
Subchapter M Casts Off
Initial reports show that the towing industry is adjusting well to the new normal on inland rivers. In fact, it is business as usual for most.July 20, 2018 was a critical date for tow boat operators. That was the deadline for all U.S.-flag towing vessels – over 26 feet, or less if used to assist with transport of oil or hazardous materials – to be in compliance with Subchapter M, the U.S. Coast Guard’s towing vessel safety regulations. It’s been a long time coming. As a regulatory program…
MAN Propulsion for 7 Russian Factory Trawlers
MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new 109-meter factory trawlers for the Russian Fishery Company (RFC).The series’ lead vessel will be built by Tersan shipyard in Yalova, Turkey for scheduled delivery in July 2020. The following six identical vessels will be constructed in Russia.The configuration of the newbuilding’s propulsion system features a MAN 14V32/44CR main engine (delivering 8,120 kW), a MAN Alpha VBS 1260 propeller…
PSA Bharat Mumbai Container Terminals Achieves Record Vessel Productivity
PSA’s Bharat Mumbai Container Terminals (BMCT) has achieved a new vessel productivity benchmark of 155 moves per hour on COSCO Shipping Lines Co Ltd’s vessel M.V. Xin Hong Kong, which departed BMCT on 30 September 2018.Together with sister vessels from service partners CMA-CGM and Hapag-Lloyd, M.V. Xin Hong Kong operates the India Ocean / EPIC 2 weekly service, linking India and the Middle East directly with the North European Ports of Antwerp, Hamburg and London.A total of 2…
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…
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.
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.
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.