Chris Wiernicki, CEO, ABS, discusses the evolution of multi-physics simulation and its importance in reaching decarbonization goals through 2050.As the pace of technological evolution rapidly quickens, shipowners are increasingly forced to embrace change to ensure their fleets stay in compliance with new regulations and stave off obsolescence.
What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months.
Stena Bulk invests in the future, a future defined by decarbonization in the shipping sector. Erik Hånell, President & CEO, Stena Bulk discusses the plan, the path and the costs.While the majority of shipowners still struggle to pick the technological path toward meeting emission reduction targets in the coming 30 years, one company, Stena Bulk which today has about 110 tankers (30% owned
There's one thing that's certain about the price of oil, it goes up and it goes down, but nobody knows when that will happen, Jim McCaul, an expert in the offshore floating production sector for 30 years, recently said in an interview for Offshore Engineer TV, discussing the past, the present and the future of the floating production market.
Dr. Anil Sharma is a wealth of knowledge on ship scrapping, having started GMS 25 years ago, getting into the business of buying and disposing of old U.S. MarAd and Russian navy ships as a sideline while teaching as a college professor in Maryland. Today his company is dominant in the field, and in the last year he has seen an unprecedented 70% run up on ship scrap prices
One person has died, a dozen are missing and six others have been rescued after a commercial lift boat used to service oil rigs capsized in hurricane force winds south of Louisiana’s Port Fourchon, the U.S. Coast Guard said on Wednesday.Rescuers in Coast Guard cutters, aircraft and volunteer civilian boats were hunting for the dozen missing people in the Gulf of Mexico after the 234-foot
Harnessing the power of the tides is not for the squeamish, with the roster of trials and failures long and distinguished. Jason Hayman and his Sustainable Marine Energy crew are putting their tech to the test in one of the harshest spots on the planet, the Bay of Fundy, as his discussed with Marine Technology TV.
Jennifer Carpenter joined The American Waterways Operators (AWO), the national trade association representing the inland and coastal tugboat, towboat and barge industry, in August 1990 and became its president and CEO in January 2020. She weighs in on the unprecedented challenges encountered over the past year and addresses top priorities along the uncertain path ahead.
South Korean shipbuilder Hyundai Heavy Industries Co Ltd said on Tuesday that it plans an initial public offering (IPO) to raise funds toward a 1 trillion won ($905 million) investment over five years into green technology.Hyundai Heavy will issue a stake of about 20% in new shares within the year, the shipbuilder said in a statement.
Joe Hudspeth is the Director of Business Development for Global Marine at BAE Systems in Endicott, N.Y. BAE Systems offers complete, efficient propulsion and auxiliary power systems utilizing electric technology. Hudspeth has been involved with maritime sales, marketing and product development since 2000.
Ferry firm Stena Line’s role in the roll-out of Pfizer’s COVID-19 vaccine is going well, and the firm is prepared to deal with any eventuality of Brexit trade talks, the company’s Brexit chief said on Friday.“We have trust and confidence in the government to use these last few days (of Brexit talks) wisely...
While there is no consensus on what will be the maritime 'fuel of the future', developers across the world are for the first time testing the use of hydrogen to power ships as the maritime industry races to find technologies to cut emissions and confidence grows the fuel is safe to use commercially.