Marine Link
Saturday, October 20, 2018

Transas News

Digital Transformation of Maritime Freight to Reach USD 205bln by 2023

Image: Wärtsilä Corporation

New digitization solutions, such as big data, blockchain, automation, drones, and robotics, are enabling the maritime freight industry to introduce game-changing approaches that will significantly reduce or eliminate non-value-added activities. Over the next five years, maritime suppliers across the value chain will increasingly adopt solutions to address security, overcapacity and accurate cost models, according to new research from ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.

Shipping Must Embrace Digital Technologies -Marine Money Panel

From left: Frank Coles, President, Transas Group, Wärtsilä Voyage Solutions; Scott G. Borgerson, Ph.D., CEO, CargoMetrics Technologies LLC; and Søren Meyer, Chief Strategy Officer, Maersk Tankers (Photo: Greg Trauthwein)

“To be a top performer, you must embrace technology,” said Søren Meyer, Chief Strategy Officer, Maersk Tankers, speaking at the Marine Money Week conference in New York on Tuesday.Meyer was referring to the industry-wide digitalization evolution currently underway in the tanker shipping sector, as part of a panel discussion with Frank Coles, President, Transas Group, Wartsila Voyage Solutions; and Scott G. Borgerson, Ph.D., CEO, CargoMetrics Technologies LLC.Digitalization has…

Maritime Tech Trends Digital

Jörgen Strandberg, Captain, General Manager of ANC Advanced Technology Electrical & Automation at Wärtsilä SAM Electronics.

With digitalization technologies sweeping through maritime, Henrik Segercrantz, Maritime Reporter’s correspondent in Helsinki, explores latest developments in the quest to harness the power of 'big data.'Wärtsilä's Smart Marine EcosystemWärtsilä continues to build its leadership resume in marine and energy markets, boasting net sales of $5.7 billion last year, supported by 18,000 employees with operations in more than 80 countries. Increasingly Wärtsilä is using ‘smart’ technologies in its growing scope of products for the maritime industry…

Transas to Promote Fleet Efficiency for Wilson Ship Management

Transas said it booked an order in Q1 2018 with the Norway-based fleet operator Wilson ASA to supply a Fleet Operations Solution (FOS) including onboard navigational and communication components to provide enhanced connectivity for business communications and crew services, and access to fleet data from shore-based locations for complete situational awareness.For Transas, which was acquired by Wärtsilä in May 2018, the contract marks one of the first applications of the Thesis concept within Wärtsilä’s Smart Marine Ecosystem vision, which uses high levels of connectivity and digitalization.

With $23.5B in Waste, Maritime is 'Trending Digital'

Timely with the announcement today that Kongsberg is buying Rolls-Royce Commercial Marine, the July 2018 edition of Maritime Reporter & Engineering News, out shortly, covers in depth the digitization technologies sweeping maritime, as written by MR's Finnish correspondent Henrik Segercrantz. Earlier this year Segercrantz, based in Helsinki, met with a number of leaders in the push toward digitization, including Jörgen Strandberg, Captain, General Manager of ANC Advanced Technology…

Britannia Maritime Consultants Appoints Mike Hammond, Stephan Dimke

Mike Hammond (left) and Stephan Dimke. Photo: Britannia Maritime Consultants

Britannia Maritime Consultants has announced two senior appointments as part of its expansion into the marine casualty response market.Mike Hammond will head up a new claims and insurance department while Stephan Dimke will provide technical support for digital navigation issues.Mike brings a formidable track record and experience to Britannia, having worked in marine claims both for shipping companies, and more recently as the claims manager for an International Group P&I club with a focus on the Asia Pacific region.Mike’s skills are already in demand…

Coles joins Wallem as CEO

Frank Coles joins Wallem Group as CEO at the end of October 2018.

Following the purchase of Transas by Wärtsilä, Transas' ubiquitous CEO Frank Coles will depart the newly merged company, finding a spot on top as the CEO of Wallem Group. Coles offers a diverse background and long career in maritime, spanning law, shipping services and maritime communications.Coles replaces Simon Doughty, who announced his decision to step down earlier this year.“The opportunity to lead and help grow a prestigious and diversified company like Wallem was something I could not pass up," said Coles in a statement.

Wärtsilä to Supply Marine Simulators in Southampton

Left to right: Lars Lippuner, Head of Commercial Operations, Warsash School of Maritime Science and Engineering; Alex Ponomarev, Area Sales Manager, Wärtsilä; Muhammad Shafique, Senior Lecturer, Warsash School of Maritime Science and Engineering; Syamantak Bhattacharya, Dean, Warsash School of Maritime Science and Engineering (Photo: Wärtsilä)

Wärtsilä has been selected to provide a full scope of marine simulators for a new training facility at Solent University’s Warsash School of Maritime Science and Engineering, located in Southampton, England.Scheduled to complete in spring 2019, it will be the largest marine simulation training center in the U.K. The contract with Wärtsilä, which was booked in September 2018, is linked to a five-year continuous service agreement.“The simulation center will be a central pillar of our maritime education…

Maritime Reporter & Engineering News -- May 2017 Edition

Photo: © kras99 / Adobe Stock

-- Cyber Security Thought Leadership: Insight and analysis of the looming cyber security threat to maritime from 5 global leaders. -- The Norway Way: 4 in-depth features on everything maritime and energy from Norway, as the country and its companies navigate this historic energy swoon.

Disruption 'Powered by Transas'

Frank Coles (Photo: Transas)

Maritime Reporter & Engineering News caught up with Frank Coles, the ubiquitous leader of Transas, fresh from his company’s user’s conference in Malta. In typical candor, Coles paints his picture of maritime and shipping’s future. With a captive audience of more than 400 clients in scenic Malta for several days earlier this year, one might be surprised when Frank Coles admits that the meeting was not all about Transas. “I wanted something completely different. I didn’t want to talk about Transas, I wanted to talk about the industry and what we can learn from aviation.

Transas CEO Coles Speaks on the Future for Seafarers

Frank Coles, CEO, Transas  (Photo: Transas)

A message from Frank Coles, CEO of Transas on the International Day of the Seafarer. On this day of recognition, I would like to celebrate the women and men who commit their careers and their lives to being at sea for extended periods of time. The future facing the maritime industry today is a very different one from when I first went to sea in 1977. Back then the sextant was King. Today the people working at sea are aided by countless new technologies and digital innovations which have had a huge impact, improving both operations and safety.

First STM Ship Systems Installed

Displays on Stena Germanica outbound from Gothenburg show AIS targets of RS 1100 (portside) and RS Marta Collin (starboard). Left is the normal presentation, monitored route and the two AIS targets. Right includes STM-functions and two routes from the AIS targets. The STM ECDIS predict intersection points between ships route and CPA. (Image: STM)

The STM Validation project has installed the first Sea Traffic Management (STM) compatible bridge systems, connecting ships with shore based services and actors. All available functions are said to be working flawlessly, including route optimization and synchronized port calls, as well as sending and receiving route segments ship to ship. The ships equipped are Stena Germanica and two rescue units from Swedish Sea Rescue Society ( SSRS), Rescue Märta Collin and Rescue 11-00. The route message format used…

Transas CEO Honored

Transas CEO Frank Coles. (Photo: Transas)

Transas Chief Executive Frank Coles won ‘gold’ in the Most Influential People of the Year category of the 2017 Golden Bridge Business and Innovations Awards, an award which acknowledges his ability to communicate his vision for the maritime industry in the digital age. The Golden Bridge Awards are an annual industry and peer recognition program based in San Francisco that honors the Best Companies, Products, Innovations, Management Teams, Executives and Influencers from around the globe.

Transas Survival Craft Simulator Eliminates Drill Risks

Photo: Transas

Transas has introduced a new Survival Craft Simulator (SCS) to prepare crew for the multitude of possible scenarios that can occur during lifeboat drills, aiming to address one of the most notorious sources of accidents in shipping without exposing personnel to physical danger. Effective survival craft training is essential to prepare crew for a disaster at sea but practical lifeboat drills have a troubling track record for causing fatalities. By shifting some elements of training to a simulated environment…

Transas Announces Plans for 2018 Global Conference

Photo: Transas

Transas says its mission to explain the true benefits and impacts of digitalization to the maritime world will be given new impetus by staging its 2018 global conference to Vancouver, one of North America's top technology hubs. The three-day event, which will take place at the Marriott Parq Hotel Vancouver, March 6-8, has been christened 'THESIS18 – Enterprise Change' to focus minds on the steps Transas believes are necessary if its pioneering THESIS vision for a connected maritime operational environment is to become reality.

Human Element Key to Digital Formula

Frank Coles (Photo: Transas)

In all the excitement surrounding the digitalization of shipping it is easy to overlook the human element. Failing to appreciate and understand properly how people – and by extension organizations – interface with new technology can lead to poor implementation and unnecessary exposure to risk. Technology has sometimes been described as an ecosystem. This analogy from the natural world is rather apt in a shipping environment struggling to adapt to digitalization, where at least three species are thriving.

Transas Conference to Plot Industry’s New Course

Frank Coles (Photo: Transas)

Moving from smart talk to practical solutions and learning from other industries will be the twin themes of an industry event scheduled for Vancouver in March. Technology will be an enabler, but the maritime industry will have to be prepared to change its model to be a candidate for a smarter digital future. Meeting the real enterprise challenges blocking shipping’s digital journey is the focus for the Transas Global Conference 2018, whose ‘Enterprise Change’ agenda brings together global business leaders…

Transas A-Suite brings AI to maritime to reduce human error

(Image: Transas)

Transas has launched its first package of applications built on THESIS, a unified cloud-based platform for managing operations across the full breadth of the maritime ecosystem. The advanced ‘A-Suite’ package also sets a new precedent by utilizing the latest in machine learning techniques to reduce the potential for human errors on the bridge or poor decisions elsewhere in the vessel operational chain. In addition to the officers and crew working on board ships, the benefits of…

Frank Coles Delivers Keynote at the Transas Global Conference

Transas CEO Frank Coles' delivers a rousing Keynote speech at the Transas Global Conference in Vancouver. CREDIT: Transas

You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times, with Mr. Gradgrind the Headmaster. What a sad reflection of our industry. Imagine instead! Imagine a world where logistics companies and cargo owners drive ship design, innovation and demand the level of quality in ship management. Where maritime assets are operated in a global ecosystem of tracking, monitoring and safety. Imagine a world where ships are operated in a “ship as a service” or “system of systems” infrastructure.

Shipping Needs an Attitude Adjustment -Transas Chief

Transas CEO Frank Coles delivers the opening keynote at the 2018 Transas Global Conference on March 7 in Vancouver, B.C. (Photo: Eric Haun)

Speaking last week at the 2018 Transas Global Conference in Vancouver, Transas CEO Frank Coles laid out his vision for the maritime industry’s future – from safer, greener and more efficient ships to a world without freight forwarders. As has come to be expected from the Transas CEO, Coles did not hesitate to offer a healthy dose of constructive criticism – particularly in the direction of those he sees as a hindrance to industry-wide progress, be it ship owners and operators, freight forwarders or regulators.

Wärtsilä acquires Transas

Transas Collaborative Decision Making Platform uniting Ship, Fleet Operations, Training and Ship Traffic Control Image Transas

Wärtsilä announced today that it has acquired Transas, an innovative, digital solutions provider headquartered in the UK. This acquisition is a recognition of Transas’ strong position in the maritime technologies market and its technological leadership. The transaction will allow Transas to work within a global maritime company in delivering its solutions, bringing scale and value to the industry in need of innovation leadership. Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital solutions and electronic charts.

Wartsila Misses Earnings Expectations; Eyes Rolls-Royce

File Image (CREDIT: Wartsila)

Finnish ship technology and power plant maker Wartsila missed first-quarter earnings expectations on Tuesday and said geopolitical uncertainty was slowing demand in the marine market. In a phone interview following the quarterly report, Chief Executive Jaakko Eskola said Wartsila aimed to grow through acquisitions and that it continued to look at Rolls-Royce's marine business, which the British company is reviewing for a possible sale. Wartsila said the marine sector, which has been hit by overcapacity and lack of financing, was recovering, but not at the pace the company had anticipated.

Wärtsilä’s Acquisition of Transas is Completed

Roger Holm, President, Wärtsilä Marine Solutions (CREDIT: Wärtsilä)

The technology group Wärtsilä announces that its acquisition of Transas, a global company headquartered in the U.K., has now been finalized. Control of the company will be transferred to Wärtsilä effective from 4 May, 2018. The acquisition, which was announced in March 2018, has a transaction value of MEUR 210 (enterprise value). Transas is a global market leader in marine navigation solutions that include complete bridge systems, digital products and electronic charts. It is also a leader in professional training and simulation services, as well as ship traffic control systems.

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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