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Nautilus Labs releases White Paper quantifying the impact of different data source inputs on voyage simulation model accuracy

Nautilus Labs, the technology partner pioneering the decarbonization of the ocean supply chain, today released a White Paper comparing the impact of different data source inputs on simulation accuracy rates that form the basis for performance and Voyage Optimization models. The study evaluated Data Science metrics, R² and RMSE, that measure the accuracy of simulations built with three types of data sets: i) models based on noon reports only; ii) models based on high-frequency sensor data; and iii) models based on a combination of a vessel’s noon reports enriched with ...

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Airseas releases first footage of Seawing kite system as wind propulsion takes off for commercial shipping

France-based wind propulsion leader Airseas has issued the first pictures and video footage of its automated kite system Seawing in flight during ongoing transatlantic sea trials. This comes as the company announces the successful completion of the crucial initial stages of these trials, which are taking place on the vessel Ville de Bordeaux, as it transports aircraft components between Europe and the United States. The footage shows the Seawing system in action, flying 200 meters above sea level, harnessing the power of the wind to propel the vessel and reduce ...

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Ground-breaking search and rescue technology set for commercialisation with £2.3m investment

Zelim, an Edinburgh based start-up pioneering unmanned search and rescue solutions, including the world’s first remotely operated rescue vessel, has secured £2.3m equity investment. Most of the funding comes from lead investor, Kero Development Partners and Aberdeen based I7V, who are following initial investment in Zelim’s seed round in 2020. Zelim aims to make the ocean a safer place to work by improving the chances of finding and recovering people in distress whilst limiting the exposure to danger that rescuers face. The company recently launched its patented ‘Swift’ rescue conveyor ...

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Hyundai Heavy Industries shipyard units’ unions to propose group wage talks

Labor unions of Hyundai Heavy Industries Group’s three shipbuilding subsidiaries have agreed to jointly negotiate for wage increases and other benefits with the management. The labor unions of the three shipbuilders, including Hyundai Heavy Industries Co., Hyundai Mipo Dockyard Co., and Hyundai Samho Heavy Industries Co., decided to seek a joint deal instead of pursuing individual talks. Previously, each of the three labor unions discussed wage increases with their respective management. However, this year they are pursuing a group deal, seeking an equal scale of wage increase. They decided to ...

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Launch of ‘Switch to Zero’ campaign to reduce shipping industry carbon emissions

Companies that import or export their freight by vessel generally have little influence on the container shipping company’s fuel choice. GoodShipping aims to change this with the ‘insetting’ concept. The Port of Rotterdam Authority and GoodShipping are conducting a joint campaign to inform companies of this concept so they can have part, or all of their sea freight transported via sustainable fuel. The aim of the ‘Switch to Zero’ campaign is to get some twenty sea freight shippers on board. Swinkels Family Brewers, known for brands including Bavaria and Cornet, ...

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Iron ore slips as China rally loses momentum

Dalian and Singapore iron ore futures slipped on Tuesday in volatile trade, as traders tempered their optimism about prospects of top steel producer China moving further away from its stringent zero-COVID policy. The most-traded iron ore for May delivery on China’s Dalian Commodity Exchange 1ended daytime trade 0.6% lower at 780 yuan ($111.62) a tonne. Dalian iron ore hit its highest since June 14 on Monday at 799.50 yuan a tonne, as more Chinese cities cut back on lockdowns, quarantine rules and testing requirements, while authorities softened their tone on ...

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Ship safety: draft Merchant Shipping (Inspection of Ro-Ro Passenger Ships and High-Speed Passenger Craft) Regulations 2023

The draft Merchant Shipping (Inspection of Ro-Ro Passenger Ships and High-Speed Passenger Craft) Regulations 2023 were published today (Monday 5 December 2022), along with an accompanying draft explanatory memorandum. The draft regulations revoke and replace the Merchant Shipping (Mandatory Surveys for Ro-Ro Ferry and High Speed Passenger Craft) Regulations 2001 (S.I. 2001/152) and implement a revised safety inspection regime for ro-ro passenger ships and high-speed passenger craft. The draft regulations are being published for 28 days. Following the conclusion of this period, and once any observations on the draft regulations ...

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DP World to increase India headcount to 700 by June 2023: CTO Pradeep Desai

Logistics company DP World will increase its headcount in India to 700 by June next year from 500 currently, its Chief Technology Officer Pradeep Desai has said. Desai further said that DP World has handled nearly 28 per cent of India’s export-import volume, through its terminals. “… So, there’s a massive amount of infrastructure capital that has been infused on the business side and there is robust hiring at an operational level,” he told a group of visiting Indian journalists. Desai said there is a lot of job creation that ...

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Damen CSD650 for fleet expansion in Argentina

Major Argentinian contractor Merco Vial S.A. has ordered a Damen CSD650. This cutter suction dredger will expand their current fleet shortly. The delivery of the CSD650 includes the supply of a matching booster station, enhancing the flexibility of the set-up immensely. The cutter suction dredger CSD650 is a customised stock vessel, tailored to Merco Vial’s requirements. The fit-for-purpose dredger will be delivered at a short lead time thanks to this approach. The CSD650 is a dismountable dredger with a cutter power of 700 kW and a maximum dredging depth of ...

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Mutual recognition of maritime training and certification of competency of seafarers between UAE and KSA

In line with their shared vision to ensure the highest standards of maritime safety, and within the outcomes of the Saudi-Emirati Coordination Council, the UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) in the Kingdom of Saudi Arabia signed a Memorandum of Understanding (MoU) for mutual recognition of maritime certificates issued in both countries. This is in accordance with the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) 1978, and its amendments. In the presence of H.E. Suhail Al Mazrouei, The ...

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FUJCON Makes its Physical Return at Fujairah, UAE, March 13-15 2023

The International Fujairah Bunkering & Fuel Oil Forum (FUJCON) returns for an in-person, 13th convening in Fujairah on March 13-15, 2023, following the 2021 virtual session and the last in-person session in 2019, prior to the Covid-19 pandemic. The International Fujairah Bunkering & Fuel Oil Forum is now organized by S&P Global Commodity Insights and hosted by the Department of Industry & Economy, Government of Fujairah and the Port of Fujairah. FUJCON 2023 is held under the Patronage of His Highness Sheikh Hamad bin Mohammed Al Sharqi, Member of the ...

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Braemar Recruits New Tanker Desk and Opens Spanish Office

Braemar Plc, a leading international shipbroker and provider of expert advice in shipping investment, chartering and risk management services, is pleased to announce that it has recruited a new tanker broking team, based in Madrid, Spain. The highly experienced team of 10 brokers is renowned within the international tanker market, and previously worked for Medco Shipbrokers SL. The team specialises in crude, dirty products, clean products, and period chartering. The new desk’s offering and client base will complement those of Braemar’s existing tanker desks in London and Geneva, strengthen Braemar’s ...

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Investment in Newcastlemax Newbuildings with long-term charters

Ocean Yield AS is pleased to announce that the Company has agreed to acquire up to ten newcastlemax dry bulk newbuildings for a total consideration of up to USD 576 million net of seller’s credits. Upon delivery, the vessels will commence 15-year bareboat charters to a leading dry bulk operator with purchase obligations at the end of the charter period. Expected delivery will be between Q1 2025 and Q2 2026. The final transaction scope will be a minimum of five and a maximum of ten vessels, to be determined at ...

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Fast Offshore Supply Pte Ltd, Singapore signs a Memorandum of Understanding to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd. and RINA

Fast Offshore Supply Pte Ltd , Asia’s largest offshore crew boat operator, has signed an MOU to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd. and RINA for the FOS Fleet as part of FOS “Green Initiative and Sustainability Program” to cut vessel carbon emission. The ESS system will be a containerised version where it will have a “Plug and Play” connection to connect with the vessel’s Electrical System. Terasaki Electric Co. will be providing the in-depth know-how to upgrade the existing vessel ...

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VIKAND Reflects on Key Seafarer Issues Discussed at CrewConnect Global

As a leading global healthcare specialist to the shipping industry, VIKAND’s attendance at CrewConnect Global was integral to the company’s strategy of raising awareness about comprehensive seafarer healthcare, mental health and well-being. VIKAND’S proactive approach to offering a total healthcare solution to the maritime industry includes supplying suitable advice and guidance to seafarers to encourage them to make healthier meal choices and take up more active lifestyles to help lower their risk of developing common conditions such as diabetes and high blood pressure. All VIKAND’s medical personnel have worked at ...

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