Rolls-Royce partners with tech giant for autonomous vessels
In a new partnership, Rolls-Royce will develop new technology for autonomous vessels using processors from a US technology giant
ShippingWatch
A part ofWatch Medier
In a new partnership, Rolls-Royce will develop new technology for autonomous vessels using processors from a US technology giant
When the fuel prices increase significantly in 2020, bunker suppliers will scramble to raise fresh capital. The industry is already starting to move, and the sulfur regulations will see some bunker suppliers leave the market, observers tell ShippingWatch.
Trump's foreign policy and trade wars with Iran and China have led to oil flows shifting across the globe. Increased US output also has an effect.
Logistics company Ceva Logistics, which French CMA CGM owns part of, has rejected a purchase offer. CMA supports the decision and will now be allowed to increase its ownership stake.
Scrubber supplier Pureteq has sold out of scrubbers for all of 2019, CEO Anders Skibdal tells ShippingWatch. The company is currently declining new orders from shipping companies trying to prepare for the 2020 sulfur cap.
The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global economy.
An Australian infrastructure fund has acquired half of a Trafigura subsidiary that is behind a series of ports, terminals and warehouses in Mexico, Spain and Peru.
Kongsberg Digital expects the shipping industry's market for cyber security will grow massively in the coming years, writes Dagens Næringliv.
Scrubbers are not a long-term solution, according to Scorpio Group CEO Robert Bugbee, and Anglo-Eastern Univan's CEO Bjørn Højgaard agrees. "Scrubbers are complicated," he tells ShippingWatch.
Swiss commodity trader Trafigura has settled a renewed credit facility worth almost USD 2 billion with a large group of banks. The money will be used for, among other things, refinancing debt.
While the industry discusses future access to low-sulfur marine fuel, one of the big suppliers announces its plans for the coveted fuel.
One rarely hears a shipping company utter this phrase. But Anglo-Eastern Univan wants to pursue its own path, "even though we'll probably achieve lower returns than our listed competitors," says the company's CEO Bjørn Højgaard in an interview with ShippingWatch.
Singapore's Maritime and Port Authority has launched four projects ahead of the 2020 sulfur regulations which will make it easier for shippers and suppliers to comply.
Managing Director of the International Monetary Fund, Christine Lagarde, has sounded the alarm for the well-being of the global economy. International growth has plateaued, she says.
Prices for ships sent to scrapping have reached the highest level since 2014. "Incredible price," says cash buyer GMS about the purchase of a recycling-prone container vessel.
Royal Dutch Shell Plc and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada – the largest of its kind in years that will carve out the fastest route to Asia for North American gas.
Even though far more vessels will use low-sulfur rather than high-sulfur fuel from 2020, the majority of refineries will continue to produce the conventional fuel, shows a new global survey from Reuters.
Finnish Wärtsilä is splitting itself into two divisions, Wärtsilä Marine Business and Wärtsilä Energy Business, in a new restructuring effective from Jan. 1. 2019. The new structure will contribute to the company achieving its long-term growth target, says president and CEO.
South Korea's HMM has now signed the major order for 20 newbuild container ships, which will be built at three Korean yards.
The 2020 sulfur regulations will be implemented on time, and most of the world's shipowners will comply, says Edmund Hughes, head of air pollution and energy efficiency at the IMO's marine environment division, in an interview in Singapore.
The Danish financial crimes unit has decided to end its investigation into whether OW Bunker informed the market about the developments that led to the bankruptcy in due time.
Rolls-Royce and MOL have completed a test of a technology for autonomous ships. The test was conducted on a ferry i highly trafficked waters, and the partners have described he technology as a first step toward driverless vessels.
Fuel manufacturer ExxonMobil wants to increase its production of low-sulfur fuel ahead of Jan. 1, 2020 and is therefore opening a new unit.
The discussion about scrubbers is important, but it is also important to note that scrubbers will only make sense in shipping for the next ten years, says Intertanko according to Ship & Bunker.
Speaking to Lloyd's List, China rejects claims that the country is working on an upcoming ban on open loop scrubbers, a technology which has been criticized in several countries.
Account Manager - Port of Aarhus
General Manager - On-site recovery, MAN Energy Solutions
Professional consultant - CO-Sea
Ocean agent - Expeditors
