ZIM Pilots Blockchain-based Bill-of-lading
ZIM said it has successfully completed a trial run of paperless bills-of-lading based on blockchain technology. The pilot, performed in cooperation with Sparx Logistics and Wave Ltd., marks a first of its kind project led by an ocean carrier. Trial participants issued, transferred and received original electronic documents using Wave’s free blockchain-based application, which uses distributed ledger technology to ensure all parties can issue…
Five Requirements for Safe Ops
As I write this article I am flying back to my home base in Canada from the 42nd annual Interferry conference in Split, Croatia. Interferry is an outstanding conference full of dedicated and passionate ferry operators and those who serve the industry. One presentation was delivered by Captain John Wright, a Master Mariner who has spent his career in the maritime industry in a variety of roles including vessel master, marine superintendent, chief executive and general manager.
The Challenge of Marine Asset Appraisal
While large shipping asset deals are often financed through the major capital markets, loans for most oilfield service marine equipment are funded with asset based lending. For such asset based lending, a domestic U.S. bank, with some exceptions, will be asking for an appraisal that is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP). Due to blatantly false appraisals that caused the collapse of the savings and loan industry in 1988…
Langh Tech Scrubbers, EGR Water Treatment for New Box Ships
Three container vessels on order at Guangzhou Wenchong Shipyard in China for Eimskip Island ehf and Royal Arctic Line A/S will be equipped with Langh Tech hybrid scrubber systems and water treatment systems for exhaust gas recirculation (EGR). The newbuilds are of a new energy-efficient design developed by Deltamarin. The in-line scrubbers are multi-inlet installations, where the main engine and auxiliary engines are connected to the same scrubber tower.
ABB Ability Marine Pilot Vision Unveiled
ABB has unveiled a new situational awareness solution that aims to make vessel operations safer and more efficient. The solution can be used by officers anywhere onboard a ship and marks the next step towards remotely controlled and ultimately autonomous ships. ABB Ability Marine Pilot Vision takes advantage of the latest advances in sensor technology and computer vision to offer multiple real-time visualizations of a vessel’s surroundings and new ways of perceiving its situation.
Suspected Pirates Apprehended off Somalia
Six suspected pirates were apprehended by the European Union’s antipiracy force off the coast of Somalia. EU NAVFOR Somalia’s flagship, the Italian vessel ITS Virginio Fasan, detained six crew and their vessels following reported attacks on a 52,000 metric ton containership and a fishing vessel over a 24 hour period on November 17 and 18 in the Southern Somali Basin. During the incidents a number of rocket propelled grenades were fired against the containership…
Bouchard Set to Celebrate a Century
In 2018 one of the U.S. premier vessel owners – Bouchard Transportation Co., Inc. (BTC) – celebrates its 100th year in business. Maritime Reporter looks at BTC’s evolution through the years. The year 2018 is a celebration year for the Bouchard Transportation Co., Inc., which was founded in 1918 in New York Harbor by Capt. Frederick Bouchard, and will next year celebrate a century in business. The company’s first cargo was a shipment of coal, and its first oil barge was acquired in 1931.
A Sea Change for Shipbuilding
When it comes to shipbuilding, the numbers are staggering: hundreds of millions of parts in one aircraft carrier. Billions of dollars proposed for Naval fleet development in the latest NDAA. Hundreds of thousands of private sector jobs in the U.S. alone. A 2015 MARAD report, for example, pegged the total economic impact associate with the industry at 400,000 jobs, $25 billion in labor income, and 37 billion in GDP (based on data from 2013).
Arctic LNG Carriers Delivered: RS Class
The construction of a series of Arctic LNG carriers under the technical supervision of Russian Maritime Register of Shipping (RS) is in progress: in November “Boris…
Finland's Manga LNG Terminal Gets First Cargo
The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor…
Wartsila Propulsion System for New NMDC's Dredger
Wärtsilä supplied the full propulsion package for National Marine Dredging Company's (NMDC) new, state-of-the-art Trailing Suction Hopper Dredger (TSHD) launched in September.
VPS Expands Lubricant Oil Condition Monitoring Services
The marine fuels testing company Veritas Petroleum Services (VPS) announced the latest expansion of the company’s lubricant oil condition monitoring (OCM) service.
Suez Canal Authority, DP World Present Sokhna World Zone
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone)…
Wärtsilä to Power Viking Line Ferry
Wärtsilä will supply the engines, the navigation system and a broad scope of other products and systems for a new luxury and environmentally friendly ferry being built for the Finland based operator…
Golden Ocean Adds New Vessels
Golden Ocean Group Limited (GOGL) announced that it has entered a deal to acquire two Capesize bulk carriers from affiliates of Hemen Holding Limited at a purchase price of $43 million per vessel.
DRTC Equips with Modern Simulator
The Djibouti Regional Training Centre (DRTC) has been equipped with a modern computer-based training simulator as part of International Maritime Organization (IMO)'s…
Ship Operating Costs Stabilize: Drewry
The cost of operating cargo ships rose marginally in 2017 following two consecutive years of falls, but ship owners should prepare for higher costs led by a spike in insurance premiums…
Argentina's First Female Submarine Officer on Board Missing Vessel
One of the 44 crew members on board the Argentine submarine that is missing in the South Atlantic is Eliana Maria Krawczyk, who came from a landlocked province to…
US Navy Rolls out New Measures after Deadly Collisions
The U.S. Navy has introduced new measures aimed at avoiding a repeat of two deadly crashes in the Asia Pacific region involving its warships and commercial vessels following a review of its practices, the Seventh Fleet commander said on Monday. Vice Admiral Phillip Sawyer’s comments come after a U.S. guided-missile destroyer was slightly damaged at the weekend when a Japanese tug drifted into it during a towing exercise off central Japan…
Singapore Charges Defunct Bunker Supplier, Staff
A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world's largest bunkering hub.
