trends

Cargo theft: Trends and countermeasures of a billion-dollar problem

Cargo theft is a global challenge with a major negative impact on supply chains and the world’s economy. To put this into context, cargo crime has costed an estimated US$22.6 billion in 2015, while the top five natural disasters costed a collective $33 billion, research has indicated.

5 digital innovations that are changing the maritime industry

Although very accustomed to its traditional practices, the shipping industry is now entering a new era with digital innovations on more than 50,000 ships currently sailing the world’s oceans. In this article, Safebridge has researched and discovered the latest digital trends of the maritime industry.

What price to put on value?

When price alone determines contract success, purchasers beware. This rarely yields economic value throughout the lifecycle and will ultimately suffocate innovation, argues Mattias Gunnarsson, Vice President, MacGregor Cargo Handling, calling for the industry to address this trend and focus on longer-term value.

Digital Twins play a vital role in shipbuilding

Digitalization and automation are a hot topic in the shipping industry with the digital twin technology developing rapidly in vessels’ simulation or individual components, such as engines or thrusters.

IMO 2020 creates legal stress points

Shipowners, operators and charterers face technical, commercial and legal challenges in the run-up to the IMO’s January 2020 sulphur cap. In the following article, Ian Short, a Campbell Johnston Clark partner, explains some essential contractual precautions.

Rystad: Lower oil prices to push services into recession in 2020

After three successive years of growth, the global service market will see a recession in 2020 driven by lower oil prices, according to research firm Rystad Energy. In a new update, Audun Martinsen, head of oilfield services, forecasts a 4% decline in global oilfield service revenue if oil prices stay flat next year.

The road to 2050 energy transition

In the most recent Energy Transition Outlook, DNV GL presents its timeline of the next 30 years of the energy transition, which shows many astonishing milestones. Namely, the one of the key takeaways of the timeline is the peak of energy supply and demand, but there are other significant milestones as well. According to the timeline oil will peak at 2022, while 4 years later transport energy demand will peak.

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