Digitalisation of maritime operations has led to the number of bridge alarms increasing by 197% in less than two decades, which often creates critical alarm flooding leading to poor decision making, reveals new research from classification society Lloyd’s Register. The number of alarms onboard...
https://splash247.com/bridge-alarms-have-increased-by-197-in-less-than-two-decades/
Mitsui OSK Lines (MOL) and Chevron Shipping will install a pair of hard sails on the prow of an LNG carrier under construction at Hanhwa Ocean in South Korea, in a first for the gas shipping sector. Two Wind Challengers – the rigid, telescopic sails developed by MOL and Oshima Shipbuilding – will...
https://splash247.com/lng-carrier-in-landmark-sail-installation/
A tragic 40% of all man-overboard incidents from merchant ships results in fatality, with more than 1,000 people falling overboard annually, according to studies carried by the UK’s Marine Accident Investigation Branch (MAIB). Analysis shows that crew have, on average, under 11 minutes to recover a...
https://splash247.com/tech-developed-to-save-crew-overboard/
New research by British consultancy Thetius estimates that the maritime artificial intelligence (AI) market has nearly tripled in size in the space of just one year and is now valued at $4.13bn, with a projected five-year compound annual growth rate of 23%. The 29-page report, commissioned by...
https://splash247.com/maritime-artificial-intelligence-market-nearly-triples-in-size-over-past-year/
Frank Coles picks out certain aspects of shipping that could be revolutionised by artificial intelligence. During my time as CEO of Transas from 2015 to 2018, we discussed at length the use of machine learning in our models for routing and advancement of the predictive models. Now it seems the...
https://splash247.com/why-ai-is-perfect-for-maritime-operations/
Spanish engineering firm bound4blue has revealed at the world’s largest shipping expo, SMM, that it received the full type approval design certificate (TADC) from DNV for its eSAIL suction sail. The certificate validates compliance with the classification society’s Wind Assisted Propulsion Systems...
https://splash247.com/spanish-suction-sails-maker-seals-full-type-approval/
Security specialists Ambrey has formed a strategic partnership with Cyprus-headquartered navigation specialist Chartworld. This collaboration will look to enhance the safety and security of vessels worldwide by delivering real-time global security alerts directly to shipmasters through the...
https://splash247.com/ambrey-teams-up-with-chartworld-to-increase-maritime-security/
Sustainability startup Signol, which uses behavioural science to reduce emissions in shipping and aviation, has raised £2.5m ($3.28m) from well-known names in shipping. Signol’s tech-enabled behaviour change service helps hard-to-abate industries fully engage their human workforce to make the most...
https://splash247.com/mol-ultrabulk-and-marina-hadjipateras-invest-in-british-startup/
British class society Lloyd’s Register is acquiring Ocean Technologies Group (OTG), a provider of human capital management and operational software, from European private equity firm Oakley Capital. No price has been revealed for the acquisition. OTG provides critical training, compliance,...
https://splash247.com/lloyds-register-acquires-ocean-technologies-group/
Marine battery manufacturer AYK Energy has hailed a significant breakthrough in electric propulsion technology for ships with what it claims is the first battery sold at $300 per kWh. AYK founder Chris Kruger said the milestone will accelerate the adoption of battery powered vessels. He said the...
https://splash247.com/marine-battery-manufacturer-hails-price-drop/