Tag: shipping industry

The French Prime Minister Édouard Philippe announced a national ports strategy and ports mergers, aiming to face challenges that the creation of shipping alliances cause. Namely, France will redefine the financial relations between the State, the local authorities and the major seaports.

CargoX launched the CargoX platform which is an open, neutral, and accessible blockchain platform in the shipping industry. Through this platform companies can transfer documentation via a cryptographically secure environment. Participants to a closed process will be able to see who owns the document, while documentation can be changed or resent if necessary.

Vessel operating costs in the shipping industry are expected to increase by 2.7% in 2018 and by 3.1% in 2019, according to Moore Stephens's latest survey, 'Future Operating Costs Survey'. Drydocking is the cost category likely to increase most significantly in both 2018 and 2019, followed by repairs and maintenance.

According to a new report called 'Frictionless trade: How new technology will power international trade', the UK has a profitable opportunity. Namely, according to Nick Chubb, one of the authors of the new report, the UK shipping technology sector is a £4 billion industry, and is expected to reach £13 billion per year by 2030.

In an exclusive interview with SAFETY4SEA, Mr. Arun Sharma, Executive Chairman of Indian Register of Shipping, who will be assuming his role as Chair of IACS for 2019, refers to the latest cyber security and digitalization initiatives that IRClass has taken as well as to the global trends concerning shipping market.

The Global Maritime Forum’s Annual Summit took place in Hong Kong on 3-4 October 2018. This high-level meeting gathered maritime leaders to discuss industry-wide, long-term challenges and opportunities. Under the theme 'Breaking New Ground, Digitalisation',  the forum discussed about decarbonisation, gender cap and the future of the industry in an environment characterized by fast-paced changes.

World Maritime Day is an official United Nations day, celebrated every year on September 27. It provides an opportunity to focus on the importance of shipping and other maritime activities. On this day, the IMO also celebrates 70 years since the Organization was adopted. This year's World Maritime Day theme is "IMO 70: Our Heritage - Better Shipping for a Better Future".

During SMM, Wärtsilä announced a global initiative to transform the world’s marine and energy industry into an efficient, ecologically sound and digitally connected ecosystem. The initiative is called ‘An Oceanic Awakening’. Wärtsilä aims to connect 20 of the most influential marine cities by 2020 into a network.

DNV GL and Menon Economics revealed the report "The Leading Maritime Nations of the World" in which they announced that China is the top shipping nation. The study presents the 30 leading maritime nations in four maritime pillars: shipping, finance and law, maritime technology and ports & logistics.

Fredrik Hermansson, Managing Director of Greencarrier Liner Agency Sweden, makes an attempt to identify global trends that will impact container shipping industry. Namely, he concludes to 6 general trends, sharing his forecast on future supply and demand, ports and merging markets, among others.