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PIL, PSA, IBM Conclude Successful Blockchain Trial on Chongqing-Singapore Route

Image:  Pacific International Lines Pte Ltd

 Singapore’s Pacific International Lines (PIL), port operator PSA International, and technology giant IBM Singapore have concluded a successful blockchain trial, having signed a memorandum of understanding in August 2017.   Following the signing of the MOU, the companies worked on a Proof Of Concept (POC) exercise,

Tech File: An Inside Look at Ballast Tank Linings

© Sheng Zhang / Adobe Stock

The proper lining of ballast tanks is essential and critical to ship safety. Not too many decades ago, ships traveling the North Atlantic routes were experiencing terrible losses from outright sinking in the turbulent seas. It was eventually discovered that the primary culprit was hull failure from

Virtual Aid to Navigation: Here Now, Here to Stay

MMAP-simplified.jpg

Vesper Marine designed its Virtual AIS Beacon in 2010 and installed the first solution in 2011. Developed to address the need to make hazards at sea visible when costly physical infrastructure is not appropriate or is impossible to deploy, the Virtual Aid to Navigation technology that Vesper Marine

Eco Ships: The New Norm for Top Tier Ships

VesselsValue.com

The high average cost of bunker fuel over the past decade led to increased interest in fuel efficiency. Shipowners have a difficult time demanding higher rates in response to cost increases. This makes any savings they can realize on operational and fuel costs critical. Fuel costs account for about 70 to 85 percent of the cost of running a ship,

Meet the Future of Visualization and Mapping Sonars

Fig 1 – Echoscope XD, Echoscope and Echoscope C500 Sonars (Image: Coda Octopus)

Coda Octopus launches the new Echoscope4G Surface; the future of visualization and mapping sonars   The uncertainty that lies below the surface of the sea provides a number of industries with incredible challenges when conducting their daily business. From offshore structure installation and inspection,

Rolls-Royce to Equip UK Navy's Type 26 Warships

The Rolls-Royce Mission Bay Handling System (Rolls-Royce)

Rolls-Royce Canada said it has won a contract with BAE Systems for its mission bay handling technology for the U.K. Royal Navy’s new Type 26 Global Combat Ship. The contract covers the first three ships, the first of which is currently under construction at the BAE Systems Glasgow shipyard, Scotland.

WFN: Cable Route Survey Support for Kativik

Photo: WFN Strategies

WFN Strategies has been awarded a contract by Kativik Regional Government, a supramunicipal body with jurisdiction over the territory of Québec situated north of the 55th parallel of Canada, to provide cable route survey support for the proposed Eastern Arctic Undersea Fiber Optic Network (EAUFON) submarine telecoms cable system.

Noble Energy Profit Beats Estimates

Photo: Nobel Energy

U.S. oil and gas producer Noble Energy Inc reported adjusted quarterly profit on Tuesday that easily beat analyst estimates due to cost cuts and higher crude prices, sending shares surging more than 7 percent in morning trading. The results came as Noble's U.S. shale oil production jumped in the fourth quarter through Dec.

DNV GL Has Issued Over 50,000 Electronic Certificates

DNV GL has issued over 50,000 electronic class certificates (Photo: DNV GL)

With the introduction of IMO compliant electronic class and statutory certificates DNV GL took classification into new territory. Now, just four months after the launch of this new service, more than 50,000 certificates have been issued. “We have been overwhelmed by the positive response from our customers and the industry as a whole,

Digitalisation of Ports is Fourth Industrial Revolution

PEMA AGM delegates. Photo: PEMA

 The digitalisation of ports and terminal operations offers ways to realise a “fourth industrial revolution”, bringing with it safety, operational, and environmental benefits, delegates heard at the Port Equipment Manufacturers Association (PEMA) annual general meeting, which was held in the Spanish port city of Bilbao.

SeaBird Exploration Cancels Munin Explorer Charter

Photo: SeaBird Exploration Group

 Marine seismic survey provider SeaBird Exploration has entered into a settlement agreement with Ordinat Shipping AS, the owners of Munin Explorer, for the termination of the charter party agreement and redelivery of the vessel.   The transaction is conditional on the fulfilment of certain preconditions

NYK, NTT, MTI Conclude Joint Test of Next Generation Onboard IoT Platform

Image: NYK Line

 Nippon Yusen Kabushiki Kaisha (NYK), MTI, Nippon Telegraph and Telephone Corporation (NTT), and NTT DATA Corporation have successfully conducted a proof-of-concept experiment for a next-generation onboard IoT platform.   The test was held aboard Hidaka, a domestic coastal vessel owned and operated by Kinkai Yusen Kaisha of NYK Group.

Port of Hamburg Getting Ready for Future Growth

Photo: Port of Hamburg

 Europe's third-largest container port, Port of Hamburg, is preparing for the future with improved infrastructure and digitalization.   Frank Horch, Hamburg’s Senator for Economics, Transport and Innovation, said: "The Port of Hamburg must become a Port 4.0 , with digitalization and how this will change supply chains.

Data Integration is Powering the Future of Shipping

(Image: Youredi)

Seamless real-time flow of 100 percent accurate data provides organizations the ability to analyze and optimize all their supply chain processes.   Data is at the heart of today’s business processes and operations. Exploiting the insights derived from the data holds unparalleled opportunities for

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