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Cyber threats in the maritime environment: What you should know

Cyber Security
Passwords update; data speed; geo-location authentication; only a few ways to prevent the threat posed by cyber criminals who aim to undermine our network connections.

India: Govt set to dump direct port delivery scheme

Ports
The DPD scheme that was introduced as a panacea to cut cargo dwell time and costs is set to be dumped, with the government working on a plan to restore the role of container freight stations in the evacuation system

Compliance with IMO 2020 rule to be high despite concerns

Safety & Regulations
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule

Ørsted Acquires Deepwater Wind

Wind Energy
Ørsted has entered into an agreement with the D.E. Shaw Group to acquire a 100 percent equity interest in Rhode Island-based Deepwater Wind at a purchase price of $510 million. 

New venture launches subsea lifting system

Subsea Technology
Following the sale of Ecosse Subsea to Oceaneering earlier this year, subsea entrepreneur Mike Wilson has launched Ecosse IP Ltd. (EIP), with start-up investment of £2 million ($2.6 million).

Tankers: Northwest European clean MR freight rallies in as gasoline prices drop

Safety & Regulations
Clean Medium Range tanker freight rates have rallied this week as gasoline traders scramble to ship gasoline out of Northwest Europe, where a significant build in stocks has pressured gasoline prices.

Chelsea Logistics Buys Two Vessels

NewBuilds
Philippine-based Chelsea Logistics Holdings (CLC), wholly owned subsidiary of Udenna Corporation, added two new ships to the company’s existing fleet of 83 as part of its expansion program.

Equinor Doubles Reserves At Norne Field With Cape Vulture Discovery

Oil & Gas
Equinor has confirmed a new play and doubled the remaining oil reserves to be produced at the Norne Field with Cape Vulture, one of the operator’s latest discoveries on the Norwegian Continental Shelf.

New Thruster Solutions Developed for Arctic Shipping

R&D
A team of European marine research institutes and companies have developed creative technologies for thruster solutions that are specifically engineered for ships operating in the Arctic.

Carnegie issued Oz wave ultimatum

Tidal Energy
Wave developer Carnegie Clean Energy has been given nine weeks to provide a detailed funding plan to the Western Australia state government to continue with its Albany project.

SINN Power rides Guinea wave

Tidal Energy
German wave developer SINN Power has agreed to take on a feasibility study on the potential of wave energy and other renewable technologies on behalf of an unnamed customer in Guinea.

Stolt-Nielsen, Golar and Höegh target small-scale LNG and bunkering

Business
Stolt-Nielsen, Golar LNG and Höegh LNG are investing $182m in Avenir LNG to develop small-scale LNG distribution and LNG bunkering.
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