BMT-ASV awarded funding to enhance autonomous navigation
BMT in partnership with ASV Global (ASV) is leading a new £1.2million research project to enhance the safety and reliability of autonomous navigation. The project team will use deep learning machine vision systems trained with a unique combinati...
"Maritime fuel go up by 25% in 2020"
A market researching firm predicted that global shipping industry will face 25% of fuel price spike in 2020, or, $24bn. According to Wood Mackenzie’s report on April 11, there will be a huge hike in fuel costs as 2020’s sulphur cap forces ...
Keppel to build Singapore’s first dual-fuel bunker tanker
Keppel Offshore & Marine (Keppel O&M) through its wholly-owned subsidiary, Keppel Singmarine, has secured a contract with Mitsui & Co (Asia Pacific) Pte Ltd (Mitsui AP) to build Singapore's first dual-fuel bunker tanker, to be owned a...
Korea to restore shipping industry
Kim Dong-Yeon, Deputy Prime Minister and Minister of Strategy and Finance of Korea, held the 15th Economic Ministerial Meeting at Central Government Complex, Seoul, Korea, on April 5 and confirmed a 'five-year shipping rehabilitation plan'. Th...
"HMM puts spurs to place new order in 2Q"
In line with the Korean government's five-year shipping rehabilitation plan, Hyundai Merchant Marine (HMM) places orders for supersized ships in earnest within the first half of 2018. The Korean mammoth container line is said to have already been...
World's first autonomous shipping company established
Wilhelmsen and KONGSBERG are joining forces to take the next step in autonomous shipping by offering a complete value chain for autonomous ships, from design and development, to control systems, logistics services and vessel operations. "As a ...
Hapag-Lloyd vessels benefit from MacGregor Cargo Boosts
MacGregor, part of Cargotec, is upgrading and optimising the container stowage systems on board seven Hapag-Lloyd C-class (Samsung 9,300 TEU series) container vessels. A contract for four vessels was signed in December 2017 and was shortly follow...
STS LNG bunkering in Tokyo Bay
Uyeno Transtech Ltd. (Head Office: Yokohama, Kanagawa Prefecture; Chairman & President: Takashi Ueno; hereinafter, “Uyeno Transtech”), Sumitomo Corporation (Head Office: Chuo-ku, Tokyo; Representative Director, President and Chief Executi...
Business Commencement of Ocean Network Express
Ocean Network Express Pte. Ltd. (hereinafter referred to as “ONE”) announced the commencement of container shipping businesses on Apr 1, 2018. ONE is the result of an integration of the container operations of three Japanese shipping carri...
UGS strongly supports IMO efforts
The Union of Greek Shipowners strongly supports the successful outcome of the forthcoming IMO MEPC 72 deliberations with the conclusion of an agreement on the Initial IMO Strategy for GHG emissions reduction for international shipping. The adopti...
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