Tag: Singapore Maritime Week

Singapore Maritime Week "Cross-industry innovation", tackling environmental, technical and social challenges of the day, was discussed by BIMCO 39 in Singapore this week. This was one of several events held in the Lion City this week to celebrate Singapore Maritime Week, and prefaced the BIMCO Annual General Meeting.The event was hosted jointly by the BIMCO younger members' organisation, Young Shipping Executives and IMarEST, and important changes that will dramatically affect the future industry were considered.Introducing the seminar, BIMCO Immediate Past President Robert Lorenz-Meyer said innovation was both environmentally and economically important. He cautioned, however, against too intense a focus upon technology, suggesting that social aspects of innovation needed to be on the agenda at a time when even capitalism was being questioned. He referred to the rise of Facebook, which itself could be recognised as a social innovation, with implications for shipping - if connectivity could not be provided to attract and retain seafarers.Ashley Skaanild, head of liner shipping, Electronic Shipping Solutions (ESS), suggested that the development of paperless bills of lading provided "social innovation", with the premise that "paper causes delays", increases costs, drives up demurrage and provides a vehicle for fraud.Past attempts to develop electronic bills of lading ...

Singapore Maritime Week On April 26th in Singapore, Sustainable Shipping Initiative (SSI) launched a series of practical, collaborative action plans aimed at developing a sustainable shipping industry for the future. Wärtsilä and other members have committed to deliver first results before the end of 2013.Presented as part of Singapore Maritime Week, the action plans are a significant step for the SSI as it works toward achieving its vision of a shipping industry that is both profitable and sustainable by 2040."The SSI has committed to an ambitious vision for the industry, and these action plans are a vital step in us achieving this vision. Work is focused on creating a clear framework that the wider industry can use to adopt more sustainable practices. Over the next 18 months, members will be developing new prototypes, technologies and financial models that promote sustainability as well as the guidelines that businesses need to implement change", says Jonathon Porritt, Forum for the Future's Founder Director.Four working groups - results by the end of 2013In order to work on the plans SSI members have been split into four initial work streams, with each one focusing on a different key area for the industry that have been ...