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Trends affecting the global marine insurance market

In an exclusive interview with SAFETY4SEA, Mr. Richard Turner, President of IUMI shares, his perspectives on the key challenges impacting the marine insurance market, noting that technology is going to play a major role by changing the current landscape. Technology and digitalization can be viewed as both a risk and an opportunity, Mr. Turner adds.

Change management: Keeping pace with digital transformation

Change management (CM) drivers vary from technological evolution, process reviews, crisis, and consumer habit changes to pressure from new business entrants, acquisitions, mergers or organizational restructuring. In this article we are about to focus on the all-important one; technological evolution and digital transformation.

Port of Valencia, Port of Montreal join TradeLens blockchain project

Valenciaport and the Port of Montreal have been integrated into Maersk and IBM’s TradeLens project, a technological solution to apply blockchain to the global supply chain. According to the data collected by the system itself, the use of TradeLens allows to reduce the transit time of a shipment by 40%, which represents an important economic saving.

Ocean Alliance, Yang Ming collaborate for blockchain platform

Ocean Alliance with Yang Ming and major terminal operators initiated a blockchain consortium in order to establish a digital platform. Τhe pilot project will consist an application which will allow shippers to digitize and organize their dangerous goods documents and automatically connect with relevant parties to streamline the approval process. The application is scheduled to be available in December 2018.

Building a digital culture in maritime industry

Shipping industry is currently facing a new challenge; a complex one that is called “digital transformation”. But how do ship operators face this challenge and take advantage of it, in order to make their organisation fit for the future?

New drone for remote ballast tank inspection due to be developed

AkzoNobel, Barrier Group and DroneOps have joined forces aiming to develop a drone capable of remotely inspecting enclosed spaces and ballast water tanks. The project will use advanced virtual reality technology to deliver safer, more accurate evaluations of ballast water tanks, offshore wind farms and other enclosed or difficult to access spaces.

Damen next generation Water Bus starts trials

Damen is set to launch its first composite Water Bus as the prototype undergoes sea trials in the next few weeks. The Water Bus provides reduced fuel consumption, less maintenance, no corrosion or fatigue problems, and at the same time, it is very robust.

Deepwater ROV completes sea trials

Schmidt Ocean Institute has completed testing and integrating its new ROV from aboard its 272 foot oceanographic research vessel Falkor. After a month of completing rigorous tests in the open ocean off the island of Guam in the western Pacific, the new Remotely Operated Vehicle (ROV) SuBastian is returning to shore.

IMO workshop promotes ship energy efficiency

A three-day “MARPOL Annex VI and Technology Transfer” workshop took place in Durban, South Africa during 23-25 August. The workshop raised awareness of the Organization’s regulatory regime dealing with improving energy efficiency and the control of GHG emissions from ships.

DNV GL grants AiP for new IHI floating power generation concept

DNV GL has given IHI Corporation Approval in Principle (AiP) for its FLPS (Floating LNG Power Station) concept. The formal handover of the Approval in Principle took place in Tokyo on 5th July. The new, innovative design has been found to comply with DNV GL class standards and other relevant industry standards.

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