According to a recent statement, the corporate innovation and venture development firm, Rainmaking, matched five maritime giants with eight startups as part of its Trade & Transport Impact Program. Namely, Cargotec, HHLA, Inmarsat, Shell, and Wärtsilä will all work together with startup teams from eight different countries, on 13 separate projects with the aim of “accelerating innovation that delivers genuine business results.”
According to the report “Future of the sea”, the shipping industry is a vital part of the UK economy, as 95% of imports and exports are carried by sea. The UK maritime sector is the largest in Europe, worth an estimated £14.5 billion. Growing population and development will increase the demand for the transport of goods and the drive to mitigate against climate change will put pressure on the shipping industry to lower CO2 emissions.
Rolls-Royce is considering sale of its loss-making marine business, on the context of embarking on simplification of business, including the evaluation of strategic options for its Commercial Marine operation and a reduction from five operating businesses to three core units based around Civil Aerospace, Defence and Power Systems.
Major challenges mixed with significant developments made 2017 an interesting year for the maritime industry. The agenda of events included from rise of technology trends and vessel automation, to cyber security issues and piracy revival.
In a report published by McKinsey, the consultant company tries to depict how the future of shipping will look like in 50 years and what shipping companies can do to adapt to the new reality.
China Classification Society and HNA Technology Logistics Group have launched an unmanned cargo ship development alliance in China. The collaboration aims to establish technology and regulatory standards and assess of the environmental impacts and the commercialization of unmanned vessels.
According to the report, cyber, autonomous shipping and piracy risks are the current major concerns for the industry as economic pressures challenge budgets. 85 large ships lost worldwide in 2016, down 50% over a decade. Top losses were reported in South China and Southeast Asia and now East Mediterranean region is considered as the top incident hotspot.
The IG P&I Clubs published annual review report, focusing on several claims that have concerned operators and the maritime industry as a whole, during the last year, such as the MLC Convention, oil pollution, autonomous shipping and piracy.
Unmanned vessels are already a reality in todays shipping industry, and will play a larger role in future, delegates to The Nautical Institutes latest seminar were told.
The first remote-controlled ferry demonstrator could hit the water within four to five years thanks to a new wave of research
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