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AI-powered cameras can detect unsafe acts at sea, but measuring behaviour is not the same as understanding competence, culture or risk. Alex Byelyavtsev, a master marine with Maersk, explains. Shipboard cameras are not new. What is new is the claim wrapped around them. Vendors sell AI that watches those feeds and flags missing PPE, people …
https://splash247.com/can-an-ai-camera-really-measure-safety-culture/
https://splash247.com/can-an-ai-camera-really-measure-safety-culture/Bing Chen-led Seaspan is taking the internationalisation of the renminbi into marine insurance, becoming the first overseas shipowner to pay protection and indemnity calls to China P&I Club in the Chinese currency. The containership lessor and China Shipowners Mutual Assurance Association signed an agreement in Shanghai this week covering two 14,000 teu newbuildings, which will …
https://splash247.com/seaspan-takes-the-renminbi-into-the-global-pi-market/
https://splash247.com/seaspan-takes-the-renminbi-into-the-global-pi-market/Japan is preparing a broad review of the tax regime supporting its international shipping industry as Tokyo increasingly treats control over ships and maritime transport as an economic security issue. The Ministry of Land, Infrastructure, Transport and Tourism’s Maritime Bureau announced Friday it intends to consider four key tax measures affecting international shipping as a …
https://splash247.com/japan-set-to-tweak-shipping-tax-regime/
https://splash247.com/japan-set-to-tweak-shipping-tax-regime/One notable exception in dry bulk this year has been Geneva-headquartered Mercuria , which is keeping European buyers firmly in the bidding game in the capesize segment. While Chinese buyers have been swooping on vintage tonnage, this outfit is in for slightly younger ships. Mercuria’s ongoing bulker buying spree in this segment is fast approaching …
https://splash247.com/mercurias-capesize-shopping-spree-nears-1-5m-dwt/
https://splash247.com/mercurias-capesize-shopping-spree-nears-1-5m-dwt/Japanese shipping major Kawasaki Kisen Kaisha (K Line) has returned to the VLCC newbuilding market with an order for three 311,000 dwt ships at compatriot Nihon Shipyard. The company confirmed the contracts on Friday, with deliveries scheduled from 2029 onwards. Pricing and propulsion details have not been disclosed. The 339.5 m-long, 60 m-wide ships will …
https://splash247.com/k-line-steps-back-into-vlcc-newbuild-market/
https://splash247.com/k-line-steps-back-into-vlcc-newbuild-market/Product tanker giant Hafnia has cashed out its stake in a joint venture with Greek owner Andromeda Shipholdings, booking a $13.3m profit as it continues to prune older tonnage from its fleet. The BW Group-controlled owner sold its 50% interest in the two MR tankers held through H&A Shipping during the third quarter. Hafnia did …
https://splash247.com/hafnia-cashes-out-of-andromeda-joint-venture/
https://splash247.com/hafnia-cashes-out-of-andromeda-joint-venture/Shipping spent this week paying ever more extravagant sums for something that used to be taken largely for granted: passage. War, drought, congestion and regulation have turned the journey from A to B into an increasingly complicated calculation of risk, availability and price. This week showed just how expensive keeping those routes open is becoming. …
https://splash247.com/splash-wrap-the-price-of-passage/
https://splash247.com/splash-wrap-the-price-of-passage/SHIPPINGInsight confirmed that Captain Stephen Carmel, U.S. Maritime Administrator, will deliver the opening keynote address at SHIPPINGInsight’s PROJECT 2027: Catalyzing the U.S. Maritime Industry into Action, powered by AMIC (American Maritime Industrial Coalition)…
https://www.marinelink.com/news/shippinginsight-names-us-maritime-542462
https://www.marinelink.com/news/shippinginsight-names-us-maritime-542462Turkey increased its imports of diesel from the United States and India in August to record levels, shipping data showed, as a Russian ban on diesel exports and wider disruption caused by the Iran war prompted its importers to diversify their sources of supply.So far this month…
https://www.marinelink.com/news/turkey-increases-diesel-imports-us-india-542494
https://www.marinelink.com/news/turkey-increases-diesel-imports-us-india-542494Russia hammered Ukrainian ports, industrial sites and retailers' distribution facilities with missiles and drones in an hours-long attack on Kyiv and other cities that was partly repelled, Ukrainian officials said on Thursday.Commuters went…
https://www.marinelink.com/news/russia-focuses-strikes-ukrainian-ports-542497
https://www.marinelink.com/news/russia-focuses-strikes-ukrainian-ports-542497