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DNV GL updates marine warranty standard to improve the industry’s management of marine operations

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The new edition now includes a completely revised section for marine operations involving pipelines, risers, jumpers, umbilicals and submarine cables. In addition, the updated standard provides the latest requirements and guidance for marine warranty based on DNV GL’s extensive experience, including the deep knowledge from the legacy DNV, GL and Noble Denton organizations. Following the marine standard and its guidance will support project risk control and provide assurance to stakeholders and underwriters.

The standard is now available to purchase through the DNV GL digital platform Veracity where the user can select either a project specific abstract or access the complete standard.

Michiel van der Geest, Global Service Area Leader Noble Denton Marine Services, DNV GL – Oil & Gas stated ‘We’ve improved the functionality of the application by including Interpretations and Clarifications. This will provide users with an up-to-date overview based on inquiries and operational use, further supporting understanding of the standard and increasing project efficiency.

Liv A. Hovem, CEO, DNV GL – Oil & Gas highlighted that Having set best practice in marine warranty for more than 50 years and with this unique standard in the industry, we help our customers go beyond compliance. This new edition incorporating feedback and input from our customers shows that we continue to invest in supporting our ambition to further improve operations for the industry.

Source:hellenicshippingnews

 

High Speed Transfers order second Damen FCS 2710

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UK-based offshore access company High Speed Transfers have ordered a second FCS 2710 vessel from Damen.

The contract for the new vessel, HST Sofia, was signed at the WindEnergy conference in Hamburg on 26 September.

A successor to Damen’s FCS 2610 design, the FCS 2710 was announced in May and differs from its predecessor in being a metre longer and higher and having a completely redesigned interior, allowing it to carry twice the number of passengers.

The FCS 2710 is 26.8 m long, has a beam of 10.8 m and a depth of 4.3 m. The vessel has 30 dwt and an 80 m2 deck area, with a Heila HLM 20-2S foldable deck crane.

There is capacity for 26 passengers and a crew of eight. The vessel has a maximum speed of 25 knots and a range of up to 1,200 nautical miles.

The vessel features a twin aluminium Sea Axe hull design which means lower water resistance, cutting fuel usage by 20% and resulting in lower emissions.

Propulsion options include conventional shaft, water jet, Volvo inboard performance system and Voith linear drives.

HST Sofia will join HST Hudson, delivered in July at the Seawork International event in Southampton, in service with High Speed Transfers.

Source:osjonline

HMM signs contracts for 20 eco-friendly mega boxships

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Hyundai Merchant Marine (HMM) informed that it has finalised the contracts for its twenty eco-friendly mega containerships with three shipyards. The order includes twelve above-20,000-TEU and eight 14,000-TEU mega boxships.

Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) will construct seven and five 23,000 TEU containerships, which will be delivered in the second quarter of 2020.

Hyundai Heavy Industries (HHI) will build eight 15,000 TEU containerships, which are expected to be delivered in the second quarter of 2021.

HMM will opt for scrubber installation or LNG bunkering for all the newbuilding vessels after thorough discussions with the finally selected shipbuilder.

An HMM official said:"Through the acquisition of the most technologically advanced mega containerships, we can strengthen cost competitiveness and react rapidly to the international environmental regulations. HMM will do its best to become a global top carrier to meet expectations of related organizations and shareholders."

The ships are considered to deploy in the Asia-North Europe and US East coast trades, respectively.

Source:safety4sea

Nationwide Strike Shuts Port of Rosario

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On Tuesday, a one-day strike brought industry to a halt across Argentina, including the operations of the key agricultural port of Rosario. Freight companies and public-sector transport organizations also saw stoppages. 

Guillermo Wade, the head of Argentina's industry association for ports and maritime businesses, told Reuters that there was "zero activity" at Rosario, which is one of the world's busiest ports for soybean products. 

National union CGT led the labor action, which was held to demand compensation for Argentina's exploding inflation and the rapid depreciation of the Argentine peso. As an example, the national railway unions won a 15 percent wage increase in April, but this has already been wiped out by 40 percent inflation. Railroad workers are seeking an additional 10 percent increase to offset the loss of purchasing power.  

The labor actions follow a season of severe drought, which has hit Argentine soy and corn farmers hard. The damage from the drought contributed to a decline of agricultural activity of 10 percent in July, and an overall economic contraction of three percent in the same month. Argentina's central bank has lifted its benchmark interest rate to 60 percent to combat the rate of inflation. 

The IMF negotiated a $50 billion bailout package with the Argentine government in June to help offset the economic damage, and is now planning to boost it to $57 billion. "A great deal of work remains to be done if Argentina is to respond effectively to the current challenging circumstances. That effort is just beginning," said IMF director Christine Lagarde at a press conference Thursday. 

Source:maritime-executive

New JV Develops Blockchain Systems for Port of Shanghai

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Ideanomics, a Hartford-based technology company, has launched a port software JV with the Asia-Pacific Model E-Port Network, the port technology initiative of the Asia-Pacific Economic Cooperation (APEC) forum. The new JV will design and field an electronic port clearance system based on blockchain. 

Shanghai and Guangdong, which together handle almost half of China's seagoing trade, will be the first ports for the Ideanomics-APMEN JV. The initiative aims to enhance the existing E-Ports infrastructure in these seaports with AI and blockchain technology, extending service "from port to port and warehouse to warehouse." According to Ideanomics, this will help improve the efficiency of customs clearance, help control risk, and allow consumers to track goods across borders.

According to Ideanomics, the JV will also facilitate financial transactions between lenders and customers, eliminating middlemen. The JV would charge 0.5 to 2.0 percent of lending volume for its services. 

The JV will also be involved in fintech (financial technology) transactions – specifically, the securitization of high yield assets. These asset-backed securities would be marketed through Ideanomic's own sales network using blockchain-based fractionalization and tokenization (breaking up an asset's ownership into small units, similar to stock but with a verifiable blockchain "paper trail"). 

Ideanomics did not specify the assets that would be targeted for securitization in the port joint venture, but it would not be the firm's first transaction of this kind: it is also involved in a $24 billion fundraising round for China's largest electric bus operator, which will include the issuance of token-based digital financial products on the international market. 

Hartford, Connecticut-based Ideanomics is headed by Bruno Wu, the CEO of leading Chinese media and investment company Sun Seven Stars Entertainment & Media. The software firm's former name was Seven Stars Cloud. 

APMEN was founded to promote "E-Ports," paperless trade, and supply chain data transparency, security and privacy. APMEN has 16 member ports around the Pacific Rim, including New South Wales, Australia and Vancouver, British Columbia. Two APMEN executives will take the top leadership roles for the new joint venture, but Ideanomics will own a 60 percent majority. 

Source:maritime-executive

Jaxport Sets New Monthly Record for Container Volumes

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In August, the port of Jacksonville, Florida (Jaxport) set a new monthly container record volume at 115,700 TEU, beating a previous record set in December 2017. Jaxport’s container volumes are up 20 percent year–to–date in fiscal year 2018, and it expects to set a full-year record for the second year in a row. 

Asian container volumes are a leading contributor to this growth, and are up 10 percent over the year to date. Jaxport offers international services from all three global container alliances, putting it in a favorable position for capturing more business. Jaxport is also the mainland terminus for the U.S.-Puerto Rico trade lanes operated by Crowley, Trailer Bridge and TOTE Maritime, and its Puerto Rican volumes are up by 34 percent over the year to date. 

To ensure continued competitiveness as vessel size increases, Jaxport is investing in a long-planned dredging project that will bring its harbor to 47 feet of depth. This will reduce the loading restrictions on larger container vessels calling Jaxport on transoceanic services. 

Jaxport logistics conference

Jaxport has released the details for its next Logistics and Intermodal Conference, which attracts logistics professionals and transportation executives from around the U.S. for discussions of the industry's most pressing issues. 

The panel topics for this year's conference will include:

– The Political Landscape and its Impact on International Trade: Panelists will discuss U.S. policy on key issues affecting the transportation and logistics industries, ranging from infrastructure spending to trade reform, and potential impacts on international trade.

– Post-Hurricane Puerto Rico and the Path to Recovery: Hurricane Maria devastated Puerto Rico in September 2017 and the island is still recovering. Panelists will provide an update on the island’s infrastructure and business recovery as well as challenges impacting trade with the island.

– Where is Finished Vehicle Logistics Headed? :  Industry experts will look at how and where global auto production has shifted, and will explore changes to global demand for consumer passenger use and the cumulative impact on ocean carriers, inland transportation providers and ports. 

– Business Disruptors and Global Innovation Trends: Panelists will discuss the emergence of innovative disruptors such as artificial intelligence, cognitive analytics and blockchain technology, and their effect on consumer expectations, business models and logistics.

– Update on Ocean Carrier Alliances: Panelists will reflect on the recent realignments and how they are impacting shippers, ports and transportation providers – and will discuss potential changes to come.

The Jaxport conference is scheduled for April 29 to May 1, 2019 at the Sawgrass Marriott resort in Ponte Vedra Beach, Florida. Additional information is available at the conference registration website.

Source:maritime-executive

Port of San Diego Hit by Cyberattack

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The Port of San Diego has suffered a ransomware cyber attack affecting its IT systems, and federal law enforcement is investigating the source. The port says that the attack has affected its administrative functions related to park permits, public records requests, and business services, but has not interfered with normal seaport operations. The FBI and the Department of Homeland Security are involved in investigating the attack. 

"The Port remains open, public safety operations are ongoing, and ships and boats continue to access the Bay without impacts from the cybersecurity incident," port CEO Randa Coniglio said in an update Thursday.

The cyberattack involves the use of ransomware, as seen previously in the "NotPetya" attack on Maersk and APM Terminals last year. Coniglio said that the ransom demand for restoring service involves a payment in Bitcoin, as is typical for ransomware attacks. 

The port did not disclose the amount demanded for the ransom, but the cost can be steep. In recent infections with the "Ryuk" ransomware package, the ransom amount has been set at up to 35 Bitcoin (about $230,000), according to IT industry outlet ZDNet. 

Some ransomware packages are available as a service for enterprising hackers, but many past attacks have been traced to well-resourced state actors rather than independent groups. The WannaCry, Hermes and Ryuk campaigns have all been linked with North Korean hackers, while the "NotPetya" attack that spread to Maersk and APMT is believed to have originated with Russian espionage efforts in Ukraine. The U.S. Department of Justice has formally charged a member of North Korea's notorious Lazarus Group in connection with the WannaCry ransomware outbreak. 

Second port cyberattack in two weeks

A separate, unrelated attack hit the Port of Barcelona, Spain last week, and local media reported that it had an effect on cargo operations. The port warned on September 20 that delivery and reception of goods could be somewhat delayed. However, on Saturday, the port authority said that the attack had no effect to "seaside and land operations," only on internal "functionalities." It has not provided specifics about the nature of the attack. 

Source:maritime-executive

LNG shipped from Yamal LNG exceeds 5 million tons

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Yamal LNG announced that the 68th cargo offloaded from the Yamal LNG project onto the Arc7 ice-class tanker 'Christophe de Margerie', exceeding 5 million tons of LNG produced since the start of the first LNG train in December 2017.

The first two liquefaction trains with total annual production capacity of 11 million tons have been operating within their nameplate design parameters.

As commissioning of the third LNG train continues, the first firing of a compressor gas turbine was achieved in September, which is one of the key activities in the pre-startup sequence.

In addition, earlier this week Novatek announced that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd., has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.

Yamal LNG consists of construction of a LNG plant with an output capacity of around 16.5 million tons per year, using the South Tambey Field as a resource base.

The field’s proven and probable reserves are estimated at 926 billion cubic meters. The project began exporting liquefied natural gas in late 2017. As of the end of August, Yamal LNG had shipped four million tons of LNG.

Extensive transportation infrastructure is being built in the scope of the Project, including a sea port and the Sabetta Airport.

Yamal LNG shareholders include Novatek (50.1%), Total (20%), CNPC (20%), and the Silk Road Fund (9.9%).

Source:safety4sea

Ten technologies that will lead the way in the next five years

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New technologies are becoming more and more part of our everyday life and of course of industry. One of these technologies, Artificial Intelligence (AI) is a megatrend and one of the things that the world will talk about for the next 20 years.

That was the opinion of Brian Burke, chief of research at Gartner, who analyzed the top 10 technology trends for 2019. Mr. Burke said that AI is going to be part of everything we do in technology.

Mr. Gartner also created a list of what he thinks they are going to be the most important technology trends for organisations. The list is categorised into three areas: intelligent, digital and mesh.

Intelligent presents the way that technology is becoming more insightful. Digital focuses on how technology is connecting the physical and digital world, while mesh includes technologies that enable intelligent and digital areas.

Namely, the ten trends that will prevail in the next five years, according to Mr. Burke, are:

1. Automation

By 2021, 10% of new vehicles will have autonomous driving capabilities. According to the British Ports Association, coastal shipping could be one of the first parts of the UK maritime sector to embrace autonomous shipping.

2. Augmented analytics

Until 2020, the number of citizen data scientists will increase five times faster than the number of expert data scientists.

3. AI

By 2022, at least 40% of new projects will have AI co-developers. Today, many shipping companies are choosing this technology. Recently, Stena Line announced that it will conduct a pilot study in which artificial intelligence will be implemented on board. The new AI technology will be added onboard 'Stena Scandinavica'. Additionally, MOL aconcluded a technology consulting agreement with Professor Tomoharu Nagao of the Yokohama National University Graduate School of Environment and Information Sciences, who is the creator of the next-generation AI advanced machine learning and the percolative learning method.

4. Digital twin

By 2021, half of large industrial companies will use digital twins, achieving 10% improvement and effectiveness. For shipping, a digital twin is a digital presentation of a vessel with associated processes and systems, based on continuous data collection. And these processes or systems are presented digitally. Rather than arranging for a physical test cycle, the processes can be followed easily and quickly.

5. Empowered edge

New technologies will enhance capabilities of edge devices until 2028.

6. Immersive experience

70% of enterprises will try immersive technologies by 2022. Nonetheless, only 25% will be used to production.

7. Blockchain

Blockchain seems to emerge in many industries every day, including the maritime. Recently, the world’s largest container shipping company, Maersk, and its multinational technology partner, IBM, named their joint blockchain venture, marking another step towards the upcoming transformation of global trade. Blockchain will lead to the creation of $3.1 trillion in business value by 2030.

8. Privacy and ethics

By 2021, organisations that lack in privacy protection will pay 100% more in compliance costs than companies with best privacy-protecting strategies.

9. Smart spaces

Smart spaces are physical or digital environments populated by humans and enabled by technology.

10. Quantum computing

By 2023, 20% of organisations will have budgets for quantum computing projects.

Source:safety4sea

Petrobras, Equinor buddy up off Brazil

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Petrobras and Equinor are teaming up to evaluate potential offshore wind development in Brazil.

The South American and Norwegian companies have signed a memorandum of understanding paving the way for a joint approach to the sector.

“Within the scope of the strategic partnership between the two companies, Petrobras and Equinor have been researching other potential areas for cooperation, including the development of renewable energy initiatives,” said Petrobras.

It added that joint studies are part of a strategy "to develop high-value businesses in renewable energy in partnership with major global players, aiming at the transition to a low-carbon matrix".

The MoU does not establish obligations for the parties to undertake any business but "indicates the intention of the companies to work together to develop projects in the offshore wind energy industry”, said Petrobras.

The Brazilian company is already active in renewables with 104MW of onshore wind via partnerships in its home country. Equinor projects include both traditional and floating wind (pictured).

Source:renews

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