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Thursday, November 21, 2024

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Container Rate Collapse Deepens as New Capacity Enters the Market

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on August 21, 2023

There is no relief in sight for container shipowners, as the container rates sank to a two-year low according to Xeneta’s Shipping Index, down 9.5% since June 2022; down nearly 58% from the same period in 2022. With trade patterns changing and a glut of new tonnage coming into the market in 2023/24, the downturn could continue for a long time. Emily Stausbøll, Market Analyst, Xeneta discusses the current market drivers with Maritime Reporter TV.

Clearing the Path

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on August 15, 2023

As debate rages over the use of Artificial Intelligence across industries, Orca AI’s ‘intelligent’ safety platform for the maritime industry leverages AI and the cloud to help prevent collisions, and the tech solution is gaining steam with some big name influencers around the maritime world.

ABS Wavesight Enables Shipowners to Unlock Value from Digital Solutions

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on July 31, 2023

With a thicket of new, emerging and ever-tightening regulations being put on shipowners to monitor, manage and reduce emissions, organizations like ABS Wavesight are well-positioned to help. Paul Sells, CEO, ABS Wavesight, discusses how his organization works with organizations across the maritime spectrum to help them understand the value and ROI on an investment in digitalization solutions.

Trade Shifts: US Overtakes China as Top Spot for South Korean Goods

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 29, 2023

Tumult in the container shipping sector continues, as geo-political conflict, the climate and labor issues continue to define the major trade routes. In this edition of Container Shipping Outlook, Xeneta’s Chief Analyst Peter Sand discusses how the United States has emerged (over China) as the top spot for South Korean goods; the Far East to South American East Coast spot rates have jumped 49%; and how lack of water and resulting draft restrictions are impacting the flow of goods through a major supply chain choke point, the Panama Canal.

NAVTOR Helps Ship Owners Manage the Data Crush

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 25, 2023

NAVTOR CEO Tor Svanes – “Mr. ECDIS” – is a long-tenured innovator in the maritime space. On the sidelines at NorShipping he discusses everything, from effectively managing and using increasing amounts of data to helping ship owners manage more complex and stringent emission regulations.

CCUS Technology Importance Grows

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 21, 2023

From technology to technique, shipowners are searching the best paths to meet ESG and decarbonization goals. Driven by banks, insurers and charterers, the choices are not simply ‘for a better planet’ rather a business imperative. We caught up with Panos Koutsourakis, VP Global Sustainability, ABS in Oslo at Nor-Shipping 2023 for his insights on the importance of captain and crew in the sustainability discussion; the tough choices to be made on future fuels; and the growing importance of carbon capture and storage (CCUS).

Kledal Takes the Helm at Survitec

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 20, 2023

Just six months occupying the top seat at Survitec, Maritime Reporter TV caught up with CEO Robert Kledal at Nor-Shipping 2023 in Oslo, for insights on the direction and pace of this ubiquitous maritime safety company.

GF Piping Opens New U.S. Facility

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 19, 2023

Roberto Chiesa, Head of Business Development, GF, discusses the rationale for the opening of a new piping facility in South Florida.

KVH Hybrid Connectivity Expands Data Offering

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 15, 2023

Data at sea is increasing, helping to rapidly change the experience at sea, from more efficient ship operations to positive impact on seafarer health and welfare. David Hag, VP Sales, KVH, discusses KVH’s role in the market.

Marine Engine Lubricants are Central to Energy Transition

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 15, 2023

As the marine industry experiments with alternative fuels to hit ever stricter emission targets, Serge Dal Farra, Global Marketing, Manager Lubmarine, discusses work being done today that will help smooth the path toward 2050.

Interview: Garry Noonan, Director, Innovation, Ardmore Shipping

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 14, 2023

Garry Noonan, Director, Innovation, Ardmore Shipping, is candid in his discussion of emerging technologies and their impact on fuel and emissions reductions. With a fleet of product and chemical tankers under his watch, Noonan gives insights on technologies that he has seen work, as well as his thoughts on the fuel transition, which he believes won’t become mainstream until we’re well into the 2030s.

“It’s Time for Action”

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 14, 2023

As the quality and speed of connectivity at sea continues to advance, Peter Broadhurst, SVP, Safety & Regulatory, INMARSAT, argues that the time is now for ship owners to act: to embrace digital transformation and to increase the uptake of communication services in the name of ship and fleet efficiency and decarbonization efforts.

COVID is Over, Container Shipping Hangover Continues

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on June 2, 2023

The container shipping boom during the COVID years has come to an abrupt halt, and ship owners have yet to find the bottom of the market. Peter Sand, Chief Analyst, Xeneta, offers insights on current challenges, including draft restrictions at the Panama Canal and sharper than expected declines in the trans-Atlantic trade.

BSEE Gears Up for Offshore Wind Oversight

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on April 10, 2023

BSEE Director Kevin Sligh Sr. discusses the myriad of challenges and opportunities ahead as the government agency integrates oversight of the U.S. offshore wind build out, targeting 30GW of offshore wind power by 2030 and another 15GW from floating wind by 2035.

Leadership Profile: Elyette Roux, Nexans

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on March 21, 2023

With two decades of engineering background, Elyette Roux today leads the Sales, Marketing, Communications & Transformation division at Nexans. She discusses the vast opportunities for women in leadership positions at technical companies in the maritime and offshore energy sectors.

Inside the Galveston Island Hopper Dredge Design

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on March 9, 2023

C-Job CEO Job Volwater discusses the design of Great Lakes Dredge & Dock’s new hopper dredge Galveston Island.

Headwinds for the Poseidon Principles

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on March 8, 2023

The Poseidon Principles provide a platform for financing shipping’s sustainable future, but the technical guidance underpinning the initiative remains under scrutiny. James Clayton, Director, Campbell Johnston Clark, discusses the implications for shipowners.

Risky Business: Ranking & Reporting on Maritime Risks in 2023

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on February 22, 2023

Allianz recently released its 12th Annual Risk Barometer for the maritime industry. Rich Soja, Allianz’ Global Head of Inland Marine & North American Head of Marine, discusses some of the surprising results.

Patrick Ryan Named Chief Technology Officer, ABS

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on February 8, 2023

As Patrick Ryan takes the helm as the Chief Technology Officer at the Ameri­can Bureau of Shipping, he chats with MR TV to discuss the myriad of technic­al challenges facing shipowners today, and how ABS can serve as a pivotal partner to help navigate these challenging tec­hnical waters.

Harlem Rocket Tour Boat to Debut in 2023

Posted to Maritime Reporter TV ( by Greg Trauthwein ) on January 24, 2023

Garry Johnson and his team offer a unique culture- and education-based maritime experience, starting this summer in New York City.

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