Value Chain News

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…

02 Dec 2019

Ørsted Restructures Offshore Biz

Image: Ørsted

The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth."The global market opportunities in renewables continue to expand and present significant opportunities for growth. In 2019, Ørsted expanded into Taiwan and the US with the award of significant projects," the largest energy company in Denmark said.The new operating model creates a more scalable organisation for Ørsted’s…

29 Nov 2019

DecarbonICE Project for Green Shipping

Pic: Maritime Development Center

A group of world leading shipping companies including NYK, Sovcomflot, Knutsen OAS and Ardmore, ship builders, including DSME and the mining company Vale, have therefore teamed up with Denmark based Maritime Development Center to develop such an on-board carbon capture and storage solution in a project named decarbonICE.DecarbonICE is based on two new main ideas for the capture and storage part, respectively. The CO2 and other GHG's in the ship exhaust are captured on board in…

21 Nov 2019

Chart Joins SEA\LNG

Image: SEA\LNG

The global manufacturer of equipment Chart Industries has joined SEA\LNG, the multi-sector industry coalition accelerating the widespread adoption of liquefied natural gas (LNG).Peter Keller, SEA\LNG chairman, commented: “We are thrilled to welcome another member from North America. Chart is a highly respected equipment and solution provider working across the LNG value chain and we look forward to working together with a company that is at the heart of the energy revolution.”Chart is a key equipment and systems provider to applications that utilize clean burning…

21 Nov 2019

Louis Dreyfus Joins SRTI

Image: Louis Dreyfus Company

The international agri-based shipping company Louis Dreyfus Company (LDC) has joined the Ship Recycling Transparency Initiative (SRTI), a cross-sectoral coalition calling for increased transparency around ship recycling practices.The Netherlands-based cargo owner said in a press note that it is pleased to sign up to the SRTI as a cargo owner, bringing its support to transparent and responsible ship recycling as part of its philosophy to build awareness and work collaboratively.Sebastien Landerretche…

20 Nov 2019

VDRs for Inland Vessels: Does It Make Sense?

Image Credit: Danelec

It just might. And, you’ve got options.The Voyage Data Recorder (VDR) carriage requirements apply to all passenger ships regardless of gross tons or year of build, and to all cargo ships 3000 gross tons or larger built after 2002. A simplified VDR (S-VDR) is allowed on older ships built before 2002. The performance standard was updated in 2014. That said; a full type-approved VDR is not a requirement for inland vessels under 3,000 GT. Nevertheless, a good case to be made for installing a (less costly) data recording device on such vessels…

18 Nov 2019

Kim Heng Enters Taiwan’s OWP

Image: Kim Heng Offshore & Marine Holdings Limited.

Kim Heng Shipbuilding & Engineering (KHSE), wholly owned subsidiary of Kim Heng Offshore & Marine (KHOM), has entered into a Memorandum of Understanding (MoU) for offshore wind farm projects (OWP) in Taiwan.KHSE did not disclose the name of the other signatory.Singapore headquartered integrated offshore and marine value chain services provider said that its subsidiary and the unnamed subsea cable installer will collaborate with each other targeting the offshore wind farm cable…

08 Nov 2019

50 years of LNG imports in Japan

”Polar Alaska”, transporting the first cargo of LNG to Japan. Photo: JERA

Japanese gas buyers marked the 50th anniversary since the first cargo of liquefied natural gas arrived in Japan, now the world’s biggest importer of the fuel.On November 4th, 1969, LNG was first imported to Japan. Tokyo Electric Power Company (now JERA Co., Inc.) and Tokyo Gas, through Mitsubishi Corporation acting as a buyer’s agent, started receiving LNG in 1969 from the Alaska LNG Project with Phillips Petroleum (now ConocoPhillips) as a seller.Demand for LNG and natural gas is expected to further increase globally, especially in the emerging countries.

31 Oct 2019

Oil and Gas Industry Adopts VR

Pic: GlobalData

The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain, according to GlobalData.According to the report, ‘Virtual Reality in Oil & Gas’, VR is finding its way into upstream, midstream and downstream sectors with applications in the simulation of new processes, analysis of project designs, reviewing of maintenance requirements and planning disaster responses.Ravindra Puranik, Oil and Gas Analyst at GlobalData, said: “Over time…

31 Oct 2019

Singapore Launches digitalPORT@SG

Photo: Maritime and Port Authority of Singapore

Singapore Deputy Prime Minister and Minister for Finance, Heng Swee Keat, DPM Heng announced the launch of the Maritime and Port Authority of Singapore’s (MPA) ‘digitalPORT@SG’, a digital Portal for One-stop Regulatory Transactions, which is Singapore’s maritime single window system that will serve as a one-stop portal for maritime regulatory and port services transactions.It will be developed in two phases: Phase 1 – users can obtain approval for all arriving and departing ships from three public agencies – MPA…

30 Oct 2019

Maersk Join Forces to Develop LEO

A.P. Moller - Maersk alongside with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and, Marks & Spencer to explore LEO - a blend of lignin and ethanol - that could be part of the future solution for sustainable shipping.From the phone, tablet or computer you are reading this on, to the fruit you eat, the trousers you wear or the car you drive, around 80% of the goods you use every day are delivered to you by sea. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace. As such, this industry has an urgent need to reduce its environmental impact.Maersk and Wallenius Wilhelmsen have teamed up with Copenhagen University and major customers including BMW Group…

31 Oct 2019

New 3D Geophysical Survey Vessel Named

Seismic vessel Tansa (Photo: NYK Group)

On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others.Through a consignment service agreement with OGF and JOGMEC, NYK is entering the geophysical survey business at the most upstream part of the energy value chain and making efforts to accumulate experience and…

29 Oct 2019

Maersk Develops Ship Fuel from Alcohol

Pic: A.P. Moller - Maersk

Danish shipping conglomerate A.P. Moller - Maersk has joined forces with Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss and Marks & Spencer to explore LEO, a blend of lignin and ethanol, as a potential future sustainable shipping fuel.The LEO Coalition, which also includes Copenhagen University, will consider the environmental and commercial viability of LEO fuel for shipping. Shipping accounts for 2-3% of global CO2 emissions, a proportion that is set to increase as global trade continues to grow at a sluggish but steady pace.

24 Oct 2019

FortisBC Joins SEA\LNG

Photo: SEA\LNG

Canadian liquefied natural gas (LNG) provider FortisBC has joined SEA\LNG, a multi-sector industry coalition accelerating the widespread adoption of LNG as a marine fuel.Peter Keller, Chairman, SEA\LNG, said: “We’re pleased to welcome FortisBC to the SEA\LNG coalition. Our North American member network grows as the appetite for LNG as marine fuel expands across the globe.”FortisBC brings to the coalition nearly 45 years’ experience in LNG production in Western Canada. It owns and operates two LNG facilities on the west coast…

23 Oct 2019

EU Fund to ACP to Boost Sustainable Fisheries

Somali fishers carrying their catch ashore. Photo: FAO

The European Union (EU) has provided EUR40 million (USD 45 million) to boost sustainable fisheries and aquaculture in African, Caribbean and Pacific Group of States (ACP).An initiative by ACP-EU-Food and Agriculture Organization of the United Nations (FAO) is to invest in value chains that stimulate inclusive growth, bolster food security and minimize impacts on the marine environment."ACP-EU-FAO initiative signed a €40 million, five-year program (FISH4ACP) to boost the development of sustainable fisheries and aquaculture in Africa…

22 Oct 2019

Siemens Gamesa Buys Senvion Wind Biz

Image: Senvion

German-Spanish  wind turbine manufacturing giant Siemens Gamesa Renewable Energy (SGRE) has agreed a $225m deal to buy 8.9GW of the European onshore service business of embattled Germany-based rival Senvion along with its smaller rival’s blade factory in Portugal.Senvion´s European service assets will strengthen Siemens Gamesa´s capacity and potential in an important segment. The acquisition of a Service fleet of 8.9GW from Senvion will take Siemens Gamesa to a total of nearly 69GW under maintenance…

10 Oct 2019

South Africa to Have First Chemical Tanker Ship

Image courtesy: Sasol

Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical tanker with a funding agreement made through the Sasol Siyakha Trust.The Bow Cecil is claimed to be the first South Africa flagged vessel to transport chemicals to international markets. "We are particularly proud of this landmark agreement, as it is a significant investment into localizing and diversifying our supply chain.

09 Oct 2019

Kongsberg, MAN Energy Solutions Sign MOU

Photo: Kongsberg

Kongsberg and MAN Energy Solutions have signed a Memorandum of Understanding with the purpose of exploring the potential for collaboration on a common data infrastructure for the maritime sector.The collaboration will broaden the value offering to vessel operators, improve return on investment in digital solutions and increase the adoption of secure connectivity.Under the MoU, MAN Energy Solutions is set to investigate the possibility of using Kongsberg Digital’s data-infrastructure solution…

08 Oct 2019

Digitalization: Oil Industry Could Save up to $100Bln

Graph: Rystad Energy

The global oil and gas industry can save as much as $100 billion through automation and digitalization in the 2020s, energy research firm Rystad Energy said."As much as $100 billion can be eliminated from E&P upstream budgets through automation and digitalization initiatives in the 2020s. Service companies are reinventing themselves to help operators unlock these savings," said the study by  Rystad.In 2018, $1 trillion was spent on operational expenditures, wells, facilities and subsea capital expenditures across more than 3,000 companies in the upstream space.

07 Oct 2019

VDRs for Inland Vessels? Does It Make Sense?

Credit: Thomas Rollins

It just might. And, you’ve got options.The Voyage Data Recorder (VDR) carriage requirements apply to all passenger ships regardless of gross tons or year of build, and to all cargo ships 3000 gross tons or larger built after 2002. A simplified VDR (S-VDR) is allowed on older ships built before 2002. The performance standard was updated in 2014. That said; a full type-approved VDR is not a requirement for inland vessels under 3,000 GT. Nevertheless, a good case to be made for installing a (less costly) data recording device on such vessels…

24 Sep 2019

India's Containerized Trade Growth Slows

Image:  A.P. Moller – Maersk

India's container trade growth slowed to 1 percent (9% in the same period last year) in Q2 2019 on account of various factors like growing trade tensions and slump in manufacturing sector, Maersk said."The slow down is due to a cocktail of international factors such as slowing trade growth, and growing trade tensions – coupled with domestic factors like rural consumer distress, tightening liquidity and a slow-down in key manufacturing sectors. Combined, these triggers impacted the country’s economic activity…

13 Sep 2019

Top Industry Bodies Preps for Sulfur Target

Pic: ICS

Leaders of the major shipping industry trade associations - international shipping associations representing shipowners BIMCO, International Chamber of Shipping (ICS), International Association of Dry Cargo Shipowners (INTERCARGO) and International Association of Independent Tanker Owners  (INTERTANKO) met in London yesterday (September 13) to consider the transformational issues affecting the sector.Top of the agenda were the preparations for the implementation of the 2020 Global Sulfur Limit.

10 Sep 2019

Multraship, Novatug Name 2 CRTs

Image by Ministry of Infrastructuur en Waterstaat, Rotterdam

Netherlands-based towage and salvage provider, Multraship, has held the christening ceremony for two new Novatug Carrousel Rave tug (CRTs) at Rotterdam.Multratug 32 was christened by Mrs Muller-Ribbens and Multratug 33 by The Netherlands Minister of Infrastructure and Water Management, the Honourable Coravan Nieuwenhuizen.The CRTs offer radical improvements in safety and operational efficiency and will help with the optimization of port usage. The CRTs are able to work with seagoing…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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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