Blogs

Marine Digital Technology Award ShipMoney, a global maritime provider of digital payment solutions, has won the prestigious Marine Digital Technology Award organized by Sea trade Maritime in association with Lloyd’s List. At the time of the online ceremony, 14 outstanding winners joined Maritime’s greatest roll of honour for their remarkable commitment to the industry and outstanding achievements over the last 18 months. Predicting Power Equipment Failure with Data Science Damaged and stranded ships can carry enormous safety and cost implications. According to the latest Safety and Shipping Review from Allianz Global Corporate & Specialty (AGCS), machine faults are the top cause of shipping incidents globally, accounting for four in every 10 during 2020 and creating serious safety concerns. And of the 26,000-plus incidents over the past decade, more than a third (9,334) were caused by machinery damage or failure – over twice as many as the next highest cause (collision). Large Sail Cargo Project Advances with Canadian Investment The world’s largest zero-emission sailing cargo ship took a step forward with the announcement that a Canadian coffee company is investing in the project. The vessel, named Ceiba, is currently under construction using traditional shipbuilding methods in Costa Rica and is due to enter service in 2023. CMA CGM and Engie Partner to Develop Synthetic and Bio Fuels. CMA CGM major French shipping is forming a strategic and industrial partnership with French company Engie to focus on the growth of carbon-neutral fuels. The main focus will be on the distribution and production of synthetic, methane, and bio LNG for use by the shipping industry. Getting to Zero Coalition Identifies Prime "Green Corridor" Routes A green corridor is defined as a shipping route between two major port hubs on which the technological, economic and regulatory feasibility of zero-emissions ships is accelerated by public and private action. The best opportunity to accelerate progress in tackling the challenges of decarbonizing the shipping industry is the Green corridor. The report identifies 10 primary shipping corridors that have a high potential for policymaker action. Among them is the Australia-Japan iron ore route, which has a number of advantages that could support the development of a green corridor. Sources: https://www.maritime-executive.com/features/shipmoney-wins-marine-digital-technology-award https://www.maritime-executive.com/editorials/predicting-power-equipment-failure-with-data-science https://www.maritime-executive.com/article/large-sail-cargo-project-advances-with-canadian-investment https://www.maritime-executive.com/article/cma-cgm-and-engie-partner-to-develop-synthetic-and-bio-fuels https://www.maritime-executive.com/article/getting-to-zero-coalition-identifies-prime-green-corridor-routes