Wartsila presents its 'visions of future shipping'
Wartsila has set out its visions for the future of the shipping industry. The work on future visions has been prompted by the inevitable effect that growing global energy demand and increasingly stringent environmental legislation to combat climate change will have on the shipping sector. Additionally, Wartsila assesses various emerging trends, such as sharing economies, new business models enabled by the new digital universe, the huge growth in energy storage capacity, and new affordable 'green' energy sources, since they represent both challenges and opportunities for the future of shipping.
"We accept the challenges created by the developments currently taking place. Wartsila is increasing its speed of re-invention; not just internally but in cooperation with our customers and partners, so that the industry can be assured of having the technologies ready and available to meet the new requirements," says Roger Holm, President, Wartsila Marine Solutions.
In its 'Visions of Future Shipping' paper, Wartsila presents different scenarios that could shape the way that shipping companies operate in the future. These scenarios have each been identified under different names, as follows:
CONVOY: By taking advantage of advanced controls and communication between autonomous components, systems, and vessels, shipping fleets could be operated in convoys. The fuel savings created by vessels closely following each other results from the lower entrance speed of water ahead of the aft vessel. By optimising the operations significant fuel reductions could be achieved.
Furthermore, through the use of system autonomy, artificial intelligence, and advanced connectivity, it is envisioned that the trailing ships could be operated with fewer crew members. Advanced communication technologies will also rapidly increase the sharing of information, which will save time and optimise the allocation of cargo to vessels.
ZERO - Floating Distribution Hubs: Another scenario could be to have artificial islands along the main shipping routes producing emissions free fuels from solar or wind for powering green energy sources. Clean energy production is becoming a global priority, and its influence on the shipping industry is expected to be felt more and more within the near future.
Exergo - Unlimited Energy Storage: Large investments will drive energy storage using battery technology. Wartsila believes that battery energy density will increase substantially during the coming years. This will allow ships to operate in sensitive areas silently and with no exhaust emissions.
Z3 - Green Energy: To provide reliable, emission free power without upfront investment, highly reliable energy sources and monitoring from the shore through advanced connectivity will be required. This concept envisions the supply of energy for propulsion on an 'as you go' basis.
LIITOS - Working together: For efficient cargo sharing, access to the same information by all global operators would ensure, for example, that no container ship sails cargo free. This sharing of assets could be achieved by use of a digital tool.
BEAN to CUP - Manufacturing en route: Factory ships may one day be manufacturing while transporting materials from one market to another. Apart from saving valuable time, this concept could have substantial economic benefits. For example, coffee beans being transported to Europe and Asia from South America could be processed during the voyage so that the ready product is available immediately upon the ship’s arrival in port. Similarly, the quality of seasonal crops could be enhanced by having the ship begin processing soon after harvesting.
Wartsila will be discussing its 'Visions of Future Shipping' initiative at the upcoming SMM conference and exhibition being held in Hamburg from September 5 to 9.
Source: WartsilaPosted On:7-Sep-2016
Credits: www.hellenicshippingnews.com |
Hanjin Shipping court rehabilitation - actions needed
Following Hanjin obtaining a rehabilitation order protecting its assets from creditors in South Korea, the serious repercussions continue to shake global trade.
As a first step to extend the rehabilitation order's geographical reach, the Tokyo District Court in Japan issued an order recognising the South Korean Court proceedings and issued a comprehensive stay order on 5 September 2016.
Hanjin has applied for Chapter 15 protection in the US, which is likely to be granted following a hearing scheduled for 6 September 2016.
Hanjin will be taking similar steps across the globe during the course of this week where Hanjin assets, particularly owned or chartered vessels, are vulnerable to arrest and where proceedings will be commenced. It is presently estimated that Hanjin will be seeking relief in up to 40 countries.
This map below shows where Hanjin vessels are already under arrest or are being prevented from entering port to load or discharge cargo owing to uncertainty that port dues and services will be paid.
Clyde & Co are already representing a significant number of parties affected by the Hanjin rehabilitation including innocent vessel owners, suppliers and cargo owners. Time continues to be of the essence in terms of seeking relief prior to orders being obtained to further protect Hanjin's assets from creditor parties.
Source: Clyde & CoPosted On:7-Sep-2016
Credits: www.hellenicshippingnews.com |
