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Woodmac: Digitalization can bring major cost savings for upstream sector

In an earlier insight, marine energy consultancy Wood Mackenzie identified up to US$150bn in annual operating cost savings that could be achieved in the energy and natural resources sectors through digitalisation. In its latest research, Woodmac takes a closer look at the likely digitalization impact on the upstream sector, noting that the oil and gas industry has always been at the cutting edge of technological innovation. 

MOL, partners launch smart ship control project

Japanese MOL announced that it has joined forces with Mitsui E&S Shipbuilding Co., Ltd. and Weathernews Inc. to launch the Fleet Optimal Control Unified System (FOCUS), a project that will gather and apply ship operation data to ensure safer, more environmentally friendly ocean transport.

New tool to improve fishing efficiency and sustainability

Fishing vessels worldwide discard as many as two of every five sea creatures they catch. In response, Stanford scientists have developed a new software tool which can help fishers target the most productive fishing spots while avoiding unwanted or protected species such as sea turtles and dolphins.

Building global intelligent ports

The concept of “intelligent port” has emerged in the last decade, with many ports deploying Internet of Things, cloud-computing technologies, geographic information systems and computer simulation technologies, to optimise various aspects of port operations and enhance production efficiency.

Australian government inks technology deal with IBM

The Australian Government has awarded IBM a new AU$1B, five-year technology partnership, involving IBM hardware, software and cloud-based solutions, and including joint innovation programs in quantum, cyber security, and research aimed at furthering the government’s digital transformation agenda.

Maritime digitalization to reshape supply chain, says new report

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, according to new report from ABI Research.

EU report explains EU GDPR law

The EU Agency for Fundamental Rights released the report “Handbook on European data protection law”, providing an overview of the EU’s and the Council of Europe’s applicable legal frameworks. The handbook explains key case law, summarising major rulings of both the Court of Justice of the European Union and the European Court of Human Rights.

Port of Rotterdam tests monitoring system to ease container transport

The Port of Rotterdam Authority is starting a test project with Barge Terminal Tilburg and Certus Port Automation. The program aims to enable cargo owners and terminal operators to monitor more precisely the time at which a container can be transferred for further transport.

Watch: Microsoft tests underwater datacenter in Scotland

Microsoft is working at the second phase of its moonshot to develop self-sufficient underwater datacenters, that can deliver lightning-quick cloud services to coastal cities. An experimental, shipping-container-size prototype is currently processing workloads on the seafloor near Scotland’s Orkney Islands.

Key challenges toward the way from Smart Shipping to Internet of Ships

For centuries, the shipping administration has been collecting huge amounts of manual scripts and reports in and continuous effort to maintain the OPEX and the CAPEX under control. Only the last few decades Technology (Telex, Fax, emails, smart control systems) have managed to bring the ships closer to Onshore Operations and secure the existence of at least one report per day, notes Mr. Christos Giordamlis, CEO, Prisma Electronics.

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maritime events

Alerts Casualties Loss Prevention Maritime Health Regulation Safety Seafarers Security
puerto rico
US to grant Puerto Rico $28.9 million to prevent risk from natural disasters
maritime casualties
EMSA: Overview of maritime casualties in 2017
collision in north sea
Two ships collide off Borkum, Germany
Arctic Ballast Emissions Fuels Green Shipping Pollution Ship Recycling Technology
bering sea
Northern Bering sea and Bering Strait threatened by increasing ship waste
sea level
Sea level rise threatens Mediterranean UNESCO heritage sites
climate change
How climate change threats Antarctic and the world
Connectivity Cyber Security E-navigation Energy Efficiency Maritime Software Smart
targetless laser sensor for offshore wind farms
First targetless laser sensor for offshore wind farms developed
cma cgm
Top container shipping companies consider new association to drive digitalization
5g
New project considers 5G technology for electricity grid and harbor automation
CIC Detentions Fines PSC Focus Vetting
ferry operation in south carolina
USCG ceased ferry operation in South Carolina
paris mou
Paris MoU appoints new Secretary-General
ferry grounding
Skipper fined over ferry grounding in Wellington
CSR Shipping Sustainability Women in shipping
whales
Whale populations are recovering according to IUCN
seychelles
Seychelles issues world’s first sovereign blue bond
nor shipping
Nor Shipping lays eyes on sustainability ISO certification
Finance Fishery Infographic Maritime Knowledge Offshore Ports Reports Shipbuilding Short Sea Yachting
seychelles
Seychelles issues world’s first sovereign blue bond
Savannah
Port of Savannah marks container moving record in October
ship repair contracts
BIMCO updates ship repair contracts
Career Paths: Capt. Fared Khan, Wallem Ship Management
Career Paths: Diane Gilpin, Smart Green Shipping Alliance
How small investment can power smarter options
environmental sustainability
Entering an era of change and opportunity