Shipping

Record Traffic on Northern Sea Route as COSCO Completes Five Transits


Northern Sea Route Traffic jumps more than 80 percent as COSCO of China completes five transits with more on the way. Shipping giant Maersk also active on route as well as a number of cruise ships. Shipping traffic along Russia’s Northern Sea Route reached new heights during the first eight months of 2018 as cargo volume increased by more than 80 percent compared to the same period last year, Russian media outlets report. The route is, at least during the short summer season, increasingly...

http://www.highnorthnews.com/record-traffic-on-northern-sea-route-as-cosco-completes-five-transits/

Christopher Clott, PhD, Maritime College, State University of New York, ABS Chair of Marine Transportation and Logistics, Global Business Transportation Department

I met Chris Clott at the Opening Oceans Conference in Copenhagen early May and since he has a much experience from the maritime industry after having worked for liner companies, specialised in business strategy and also is one of the co-founders of the Maritime Global Innovation Centre, he gives a crash-course on where the maritime industry is right now when it comes to Industry Revolution 4.0. 

With the goal to influence & drive change, Chris sees the necessity of collaboration and he would...

https://shippingpodcast.com/christopher-clott-phd-maritime-college-state-university-of-new-york-abs-chair-of-marine-transportation-and-logistics-global-business-transportation-department/

Maersk Container Ship Embarks on Historic Arctic Transit


Danish company Maersk, the world’s largest operator of container shipping, is about to send the first-ever container ship through the Arctic along Russia’s Northern Sea Route. While the route has seen rising traffic to transport oil and natural gas in recent years, the voyage of the Venta Maersk, a medium-sized container ship capable of carrying nearly 3,600 containers, will be an industry first.

A Maersk representative involved in the project who spoke on the condition of anonymity confirmed...

http://www.highnorthnews.com/maersk-container-ship-embarks-on-historic-arctic-transit/

Lasse Kristoffersen, CEO of Torvald Klaveness

Lasse Kristoffersen started in Torvald Klaveness in 2007 heading up the business unit Klaveness Maritime Logistics.
In September 2011 he was appointed new Chief Executive Officer for Torvald Klaveness and became the first company CEO from outside the Klaveness family.

Lasse describes the journey from a genuine, traditional shipowner to a true digital organization ready to meet the demands of the future and how everyone in Torvald Klaveness will be invited to take part in that journey.

I met Lasse...

Full: https://shippingpodcast.com/lasse-kristoffersen-ceo-of-torvald-klaveness/

Thomas Öström, Founder, Board Member and CEO of Climeon AB

Thomas Öström is the passionate person who wanted to find the solution to the climate change. He is challenged by the use of fossil fuel and had an idea on how to use the energy in waste heat from industries and low-temperature geothermal heat to generate electricity. The company Climeon started in 2011 and has entered the maritime industry by turning heat into clean electricity, unaffected by weather conditions.

Thomas says that the restrictions the maritime industry put on their product were...

Full: https://shippingpodcast.com/thomas-ostrom-founder-board-member-and-ceo-of-climeon-ab/

Dorothea G. Ioannou, Managing Director, Global Business Development, Shipowners Claims Bureau (Hellas), Inc.

Dorothea G. Ioannou is the Chief Operating Officer of the Shipowners Claims Bureau Inc., New York, in addition to leading the team in Piraeus. In 2017, Dorothea received the Next Generation Shipping Award at the Lloyd’s List Global Awards in London, which we talk about in addition to the value of social media, to create a talent pool and to be kind to people. 

We discuss leadership and the importance of staying on top of things, also the latest trends, if you are going to stay in business....

Full: https://shippingpodcast.com/dorothea-g-ioannou-managing-director-global-business-development-shipowners-claims-bureau-hellas-inc/

The magic of the IRR: Are high returns prompting the return of investment funds in shipping?

The internal rate of return, or simply the IRR, is the magic figure that private equity fund managers, shipping-focused investors and affluent shipowners alike employ to determine if an investment makes sense.

The investment firm recently launched by the prominent Greek shipowner George Livanos and two bankers, as well as the launch of Schulte Group’s shipping fund, has prompted me to explore the power of IRR and engage in some simple number crunching.

Take a five-year-old, 9,000 TEU...

http://blogs.platts.com/2018/07/11/magic-irr-high-returns-investment-funds-shipping/

Stelios Magkanaris, Marine Claims Adjuster, Team Piraeus, The Swedish Club

Meet Stelios Magkanaris, a Fellow of the Association of Average Adjusters, who is a Marine Claims Adjuster of the Piraeus Team of The Swedish Club, which is a marine insurance company.

Stelios shares his experiences from having worked with marine casualties for a very long time, after having been brought up in a shipping family. It’s easy to sense his passion for the maritime industry and the marine insurance profession, where he is a stalwart member of the team.

I hope that this episode will...

Full: https://shippingpodcast.com/stelios-magkanaris-marine-claims-adjuster-team-piraeus-the-swedish-club/

East Siberian Sea Most Dangerous for Arctic Shipping


The risk for ship accidents varies across different Arctic seas. The East Siberian Sea has been found to be most the dangerous.

The East Siberian Sea has been found to have the highest risk for ship collision, sinking of ships (foundering), and ships running aground, mostly because of more severe ice conditions, such as the earlier and quicker build-up of ice at the end of summer.

Winters are very cold in that area, with the mean temperature at -30 degrees C and the entire sea covered with ice....

http://www.highnorthnews.com/east-siberian-sea-most-dangerous-for-arctic-shipping/

The great scrubber conundrum

It’s been six months since my last 2020 dispatch. Since then, I’ve spent time at major industry gatherings in London (IP week) and Athens (Posidonia) and yet I’m just as uncertain about 2020 as I was then. My only comfort is that judging by my numerous conversations at Posidonia, I’m far from alone.

By now, anyone remotely involved in shipping should know about the importance of January 1, 2020 — the date environmental restrictions on sulfur content in bunker fuel come into effect. Some still...

http://blogs.platts.com/2018/06/19/great-scrubber-conundrum/

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