With cryptocurrencies rising - should we invest in Gold or Bitcoin?
Rise of Bitcoin and crypto currencies as alternate investment options to gold
Rise of Bitcoin and crypto currencies as alternate investment options to gold
(Photo by Colin Watts on Unsplash) As you probably know, modern cruise ships have a complicated wastewater purification system and a larger number of older ships have installed a retrofitted one. Even though these systems include various different types of processes from mechanical separation to adding polymers, the most important process happens within the bioreactor. Its cleansing power is based on bacterial purification, in which a variety of different bacterial floras con
(Photo by Diego F. Parra from Pexels) During this spring large cruise ships were in the news headlines almost daily as vessels weren’t able to dock due to positive coronavirus cases. Being locked down without the possibility to dismebark passengers, the number of coronavirus infections started to rise. In the world we used to know, hopping on a cruise for a week or two was thought of as one of the safest ways to travel. Now that tables have turned and the need for winning cus
The ‘Captain going down with the ship’ is held up as a great tradition by mariners and land-lubbers alike. This tradition is in fact so ingrained in the psyche of society, that it is arguably almost the unquestioned expectation. Numerous movies have glamorised the valour shown by Captains, as the last person standing on the sinking ship, after evacuating all passengers and crew, or going down with the ship trying to do so. At one point, the Captain on the Ship while being hig
Is micro-biotech is replacing acid therapy to enable sustainable onboard operations in shipping?
(Photo by Ibrahim Boran on Unsplash) In recent decades, every industry has tested different strategies and technologies to maximize operational efficiency. Mechanical and software-based solutions have pushed the boundaries of human possibility by making equipment, machinery, and engines not only tremendously efficient but also extremely safe. The arrival of machine learning and artificial intelligence has taken efficiency to a whole new level. Software platforms can now sugge
"Transcript of a recent interview with TBS eFM news broadcaster & current affairs host Mr. Henry Shinn on the impact of Qatar Petroleum's $19.1 billion newbuilding order for South Korean shipyards & what they must do to ensure their survival." Qatar is the world’s leading LNG exporter next to Australia. Could you first tell us about its volume and major destinations? When we talk about revenues both from oil & gas, Qatar Petroleum alone is responsible for about 60% of the GDP
How the crude oil tanker sector is going to evolve when we emerge from the pandemic remains to be seen
"Transcript of a recent interview with TV news anchor & presenter Ms. Sooyoung on the impact of Qatar Petroleum's $19.1 billion newbuilding order for South Korean shipyards & what they must do to ensure their survival" Qatar’s state-run LNG producer signed agreements with South Korea’s “Big 3” shipyards on Monday to secure more than 100 ships through 2027, in the largest-ever single LNG vessel order. How significant is this deal in the industry? This deal is without any doubt
How can bulk shipping digitalise, what are the main points? Digitalisation of bulk shipping commences at the interface between the shipowner and the charterer. This is where business transpires. It has been noticed in other industries that there is accelerated adoption of digitalisation when there is commercial incentive to do so or when it is a question of survival. It is no different in the bulk cargo sector. The tipping point may perhaps be apparent when there is a solutio
Digitalisation is a hot discussion topic of today, and what’s on everyone’s lips, is how will it impact shipping? Digital developments will provide opportunities and benefits but the industry-wide digital transition will take time. Here is an attempt at answering a few common questions: In general what are the biggest challenges in the bulk segment currently? The bulk segment was navigating its way out of the doldrums towards the end of 2018 with positive cash flows. The reco
Humans have been using maps for thousands of years. It is therefore not surprising that ‘Cartography’ as a subject exists, which is the art and science of making maps. The oldest known maps are preserved on Babylonian tablets from 2300 BC. They were later depicted on scrolls and paper. But it’s not until the electronic age that maps have come alive. Google Maps and ECDIS (Electronic Chart Display and Information System) can be considered to essentially serve the same purpose.
In 2015 a company operating in a niche area with a unique use-case approached us with a specific request. They wanted to know if we could provide the technology to operate semi or partially remote operated vessels. When asked if they meant manual operation with the capability of remote operation, we were surprised by their response. Their ambition was fully unmanned vessels, remotely operated with the capability of autonomous operation. Installation was completed, and the ves
The terms autonomous and automated are often used interchangeably in the marine industry. This is not unique to the marine industry, but is done so in other industries too. The difference between the two is dictated by the degree of human intervention. An automated vessel does not have the level of intelligence or independence that an autonomous one has. The range between Manual - Automated - Autonomous tends to be a sliding scale of different capabilities of man vs machine.
As a student of the future, I find myself in uncharted territory. The future appears to be uncertain and yet constantly changing. This unpredictability of the future is fascinating. The future is incredibly dynamic and constantly evolving, as every new discovery, invention, development or change happening around us impacts the trajectory of our future. On this basis, the future is changing in real time, which makes it a really challenging subject to study. The future therefor
In recent months there has been significant discussion on the subject of net-zero emissions and what our journey there may look like. When it comes to the IMO 2020 emission regulation, not only do we have solutions for compliance in place, but in most cases we already have the technology available to meet the IMO 2030 Greenhouse Gas (GHG) emission reduction targets. Considering this, many in the industry are asking whether the IMO 2050 target of 50% reduction in GHG emissions
We are all familiar with phones & the connectivity it has given us. The analogue rotary phones were cabled, but the modern cell phones are wireless & allows us to do more, in fact much more than what the landline allowed. It took over 130 years to get about 1.25 billion landline phones installed. However, by the end of 2019 in just about 12 years from its inception, it is estimated that there will be 5 billion smart phone subscriptions. It demonstrates the ‘power to scale’ wi
Recession in shipping is blamed partly on oversupply of vessels. When you look at number and tonnage of existing ships and the new-build orders, one finds Greek owners are front runners in both areas. But then one wonders why they want to add to the glut with new-builds when they already own so much floating tonnage. The Greeks have historically been adept at riding the shipping market cycles. Their traditional business sweet spot has arguably not been maritime transportation
In a previous blog, I had discussed the evolution of data and communication in the marine industry and how predictive analytics is the next big thing. By presenting possible near-future scenarios like upcoming bad weather, a sudden decrease in engine efficiency, or a more fuel-efficient route, predictive analytics means your key personnel can make more informed decisions to improve safety and efficiency. However, the best information is of little use if it is not viewed by th
Information is vital for business. Relevant information received at the right time has always given a competitive advantage. It is interesting to see how information in the shipping industry has evolved over time – the most vital pieces of information have not significantly changed for centuries. This information includes: How much cargo can the ship carry? When will the ship arrive at the port? How much time is required to load the cargo? When will the ship depart from the p