Digital Transformation of Maritime Freight to Reach USD 205bln by 2023
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.
World's First Marine Insurance Blockchain Platform Launched
EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD announce members of the marine industry are using Insurwave, a blockchain platform to support marine hull insurance. In an increasingly complex and ever evolving risk landscape, global businesses will use the platform to transform how they manage risk across their organization, and how they work with brokers and (re)insurers. Insurwave, built by a joint venture between EY and Guardtime…
Octopi: A Fresh Take on Terminal Operating Software
There’s a new kid in town. The Octopi Terminal Operating System targets small to medium sized container terminals. In this case, size does matter, but bigger isn’t necessarily better. In the global supply chain, billions of dollars are at stake and virtually 98% of all consumer goods for the world’s population travels via ocean transport. The recent collapse of one of the world’s largest ocean carriers brought that reality into sharp focus. In that case, ‘bigger’ didn’t translate into ‘better.’ Hence…
Global Blockchain Technology Market in Logistics to Grow 82.86% by 2022
The global blockchain technology market in transportation and logistics industry to grow at a CAGR of 82.86% during the period 2018-2022.Blockchain technology is a cryptographically managed, distributed ledger system offered by vendors such as IBM, Microsoft, Oracle, SAP, and Tata Consultancy Services.The latest trend gaining momentum in the market is the advent of blockchain as a service (BaaS) which will lead to the growth of the market, according to Global Blockchain Technology…
Shell to Deploy AI Applications
Royal Dutch Shell and C3 IoT have announced that Shell has selected C3 IoT as its artificial intelligence (AI) platform to enable and accelerate digital transformation on a global scale.By deploying the C3 IoT Platform globally on Microsoft Azure, Shell expects to realize substantial economic value by rapidly scaling and replicating AI and machine learning applications across its upstream and downstream businesses and by improving operating performance, with an emphasis on health…
Klaveness Digital and Maersk Tankers Enter Digital Partnership
Klaveness Digital and Maersk Tankers have joined forces to drive the development of intelligent digital solutions.The partnership will give Maersk Tankers access to Klaveness Digital’s digital platform, enabling the company to store and manage large volumes of commercial and operational data. This will bring digital solutions to the market faster and bring cost benefits to both parties.Klaveness Digital has developed a cloud-based digital platform for storing, processing and exporting commercial and operational shipping data to tailored applications and users.
C-MAP Unlocks New Insight for Shoreside Managers
C-MAP, the provider of commercial marine charting and cloud-based software solutions for fleet management and route optimization, has launched a new version of C-MAP FleetManager.The web-based enterprise solution now gives shoreside managers more insight into their fleet’s performance for more informed decision-making though powerful analytics.Fueled by Microsoft Power BI, C-MAP FleetManager gives immediate access to fleet data with interactive reports via a personalized dashboard.
Microsoft Mogul's Yacht Destroys Coral Reefs
The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands. It destroyed almost 14,000 square foot, or about 80 per cent, of reef in a protected area in the West Bay area of the Cayman Islands, according to the islands' Department of Environment (DoE). Allen's Seattle-based Vulcan Inc organisation, which manages his fortune, said on Wednesday that…
Microsoft Sinking Data Center in the Pacific
Microsoft swims to ocean’s depth to test underwater data center as environmentally friendly cloud computing alternative. The software giant has dropped a data center into the Pacific Ocean off California. Microsoft gave details of its rationale for going underwater, explaining the idea, called Project Natick, would cut costs when it comes to keeping the data center cool, as well as be environmentally friendly and more responsive to customers. "It may sound like something from a James Bond film…
RUSCON acquires SLG-Operating
RUSCON has significantly expanded its range of operations through the acquisition of SLG-Operating (Smart Logistics Group-Operating). SLG-Operating is one of Russia’s largest logistics companies, offering warehouse and logistics services to a wide variety of customers including Microsoft, Pepsi, Danone,Castorama, Kimberly-Clark, Haier, Cargill and many others. SLG-Operating has a 60,000 sq metre complex at Chekhov City, near Moscow, with a capacity of more than 85,000 pallets, including climate-controlled sections.
Ship Management and Technology
Technology is central, not merely an add-on, to ship manager brand value. Ship managers who operate vessels on behalf of their owner clients, are the lynchpin of international shipping. As the industry has gone through rounds of relentless cost cutting, at times of increasing regulatory scrutiny, and commercial pressures for high standards, third party managers have filled the need for raising quality, while maintaining tight cost controls. The rise of third party managers in the 1980s and 1990s…
Krill Systems Debuts Bunkering System Software
Krill Systems Inc. introduced a new, advanced, bunkering solution. Krill Bunkering System software (KBS-100) can be ordered as a separate stand-alone system, incorporated into an existing Krill system, or ordered as part of a larger Krill VFMMS system for comprehensive fuel management, including bunkering. Krill Bunkering System uses OIML/MID approved, third party, mass-measuring meters to minimize inherent inaccuracies found in two and three phase Heavy Fuel Oil (HFO) transfers.
IMUA Intro to Commercial Inland Marine Course 2013
The Inland Marine Underwriters Association (IMUA) announced the 2014 dates for its Introduction to Commercial Inland Marine course. The two-day Introduction to Commercial Inland Marine course will be held at IMUA Headquarters, 14 Wall St., NYC, on September 19 & 20, 2013 from 9 a.m.-5 p.m. This two-day introductory course is designed to cover the basics of commercial inland marine insurance, with emphasis on the largest/key inland marine classes of business. “This intense two…
Navis Puts TOS on Cloud 9
You don’t have to go it alone. The most experienced Terminal Operating System provider on the planet has already been there and done that. The average terminal is a city unto itself – a jumble of berths, loading docks, automated cranes and transportation vehicles, equipment control systems, yards of containers, integrated gates and tracking systems, all linked into the outside world via rail and trucking connections, and of course, the ocean. These entities and technologies need to be able to communicate with each other…
New HTML5 Version of Insight Genesis
Insight Genesis™,the custom map-generation tool for Lowrance, Simrad NS and B&G Zeus series chartplotters,announced today the latest update to its premium map-making service— Apple Mac and mobile device compatibility. Significantly expanding access to Insight Genesis, the service’s new HTML5 architecture creates exciting ways for boaters and anglers around the world to access and enjoy the map-making experience. The online serviceleverages the multi-platform capabilities of HTML5 to offer compatibility with Microsoft™ Windows®…
Vroon Group Implements Seanique
Vroon Group, an international shipping company, has announced on-target progress in the implementation of Seanique, SOFTimpact’s Maritime Software Solution based on Microsoft Dynamics AX, catering for the Vroon Group’s operations in crewing and payroll across the entire fleet. The move contributes to Vroon’s aim for one “future-proof” global system to be used by all Group companies, manning and recruitment agencies, vessels and related stakeholder. Seanique was selected as the ideal product because of its comprehensive functionality and perfect fit to Vroon’s pre-existing ERP platform…
Horizon Named an Alabama Top Innovator
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. has been recognized for its Outstanding Achievement in Innovative Manufacturing by the Economic Development Partnership of Alabama for the shipbuilder’s GORDHEAD management software, which aims to improve communication between shipbuilders and other manufacturers. With GORDHEAD the owner’s representative remains integrally connected to the project 24 hours/day, seven days/week. The entire shipbuilding team, including the owner, sees a real-time schedule, complete with task percent completes and the overall scheduled finish date of the project.
ABB, Microsoft Partner to Drive Digital Industrial Transformation
ABB and Microsoft Corp. announced a strategic partnership to help industrial customers create new value with digital solutions. The offering is a unique combination of the Microsoft Azure intelligent cloud and ABB’s domain knowledge and extensive portfolio of industrial solutions. The two partners are looking to empower digital transformation in customer segments such as robotics, marine and ports, electric vehicles and renewable energy. By selecting Microsoft Azure as the cloud for its integrated connectivity platform…
Data Integration is Powering the Future of Shipping
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 the global ocean shipping industry to overcome its significant inefficiencies. One firm, Youredi helps industry stakeholders to digitalize and automate processes with modern cloud-based integrations.
KT to Manage Massive Submarine Cable Network
Korean Telecommunications provider KT has been named the key operator of the world's largest submarine network cable, New Cross Pacific (NCP). Korea's dominant fixed-line operator said it will run a network center to control the submarine cable which helps connect network systems in Asia-Pacific countries to the North American region. The company said it will start operation of the 14,000-kilometer-long NCP cable in December 2017. The purpose of the NCP Project is to form a submarine cable network with a data processing capacity of about 80 Tbps across the Pacific Ocean.
BASS Launches Fleet Management System
BASS, a global provider of fleet management software for ship owners and ship managers as well as operators of rigs and floating production, storage and offloading vessels (FPSOs) and offshore units, introduced the BASSnet 2.9 Fleet Management System during the 13th edition of the Asia Pacific Maritime event in Marina Bay Sands, Singapore. In its latest offering, BASSnet 2.9 now features new modules such as environmental management, port forms management and Excel forms management.
Supply Chain Technology: Debunking Digital
Digitization without integration in the world of global shipping is a sure recipe for failure. While most shipping companies would say that they have embraced the digital world, there are differing degrees of digitization. Some companies operate fully comprehensive systems that extend into every corner of their business. Others might use programs such as Microsoft Word to create documents or Excel for their finances. Both companies are digitized but clearly not to the same extent.
Gates to Launch Mega Clean Tech Initiative
Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative on Monday, the opening day of the U.N. climate change summit in Paris, GreenWire reported Friday. Gates and a group of developing and developed countries will agree to double their research and development budgets to boost clean energy deployment and work collaboratively, according to GreenWire, an energy and climate trade publication, citing government and business officials familiar with the agreement.
Carnival to Sponsor ‘The New Celebrity Apprentice’
Carnival Corporation & plc announced it will sponsor the two-part finale of the upcoming season of NBC’s “The New Celebrity Apprentice” airing next year on February 6 and 13. The sponsorship also features Carnival Corporation launching the Celebrity Apprentice Charity Challenge, supporting the charities chosen by the celebrity contestants while driving consumer engagement with the show. “The New Celebrity Apprentice” premieres on January 2 at 8 p.m. EST on NBC. With “The New Celebrity Apprentice” featuring a component that brings attention to worthwhile charities…
OOCL Partners with Microsoft for AI Project
Hong Kong-based shipping company Orient Overseas Container Line Limited (OOCL) has partnered with Microsoft’s research arm to improve network operations and achieve efficiencies within the shipping industry through applied Artificial Intelligence (AI) research.The partnership, between OOCL and Microsoft Research Asia (MSRA), will apply deep learning research to shipping network operations with a projected $10 million annual operational cost saving. The collaboration is also expected to nurture over 200 AI developers over the next 12 months.“With MSRA’s efforts and expertise…
Crowley Scholarships Aid Four UW Students
Crowley Maritime Corporation recently awarded Thomas B. Crowley Sr. Memorial Scholarships to four seniors studying at the University of Washington’s (UW) Michael G. Foster School of Business. The students, Joshua Banks, Kainen Bell, Maninder Grewal and Xuan Liao, were each chosen to receive a $2,500 scholarship for the 2015-2016 academic year based on their demonstrated financial need, community involvement and leadership skills. Joshua Banks, a two-time Crowley scholarship recipient is currently studying finance and entrepreneurship at UW.