Where Fleet Management Meets Maritime Technology
Overcoming the concern over automation – getting to acceptance and adoption- October 16, 2024
SHIPPINGInsight News
October 16th, 2024
Global conflict to cost trillions; the US getting up to speed on maritime innovation; carbon capture and nuclear gain ground
Do I have your attention now?
The maritime industry is never dull, but this decade has seen it accelerate the disruption, innovation and change rivaling the transformation of Malcolm McLean’s container. Every aspect is in play, as evidenced by our news this week:
Some say war is good, which I don’t agree due to its destruction and death. With the new focus on shipping emissions, we are now also paying attention to the impacts on the environment. Rates may be up for some sectors, but the cost is in the trillions.
The US government is recognizing the nation’s maritime vulnerabilities by authorizing MARAD to stand up a US Center for Maritime Innovation, which will be led by ABS. This is a terrific way to get renowned American ingenuity applied to the maritime space. Further evidence is in Secretary of the Navy Carlos Del Toro’s efforts in “maritime statecraft”.
We are also seeing new developments in both the carbon capture and nuclear spheres. While they address our need for decarbonization from two ends of the spectrum, they both need acceptance and adoption to meet our 2030 and 2050 goals.
These hot topics and more will be presented and discussed at SHIPPINGInsight 2024- Turning Good Ideas into Reality. See you there!
Keep optimizing,
Carleen Lyden Walker
Chief Evolution Officer
SHIPPINGInsight
IMO Goodwill Maritime Ambassador
+1 203 255 4686 (o)
+1 203 260 0480 (m)
c.walker@shippinginsight.com
www.shippinginsight.com
Industry News
Lloyd’s: A Geopolitical Conflict Could Cost Global Trade $50 Trillion– Shipping interests have grown used to serious geopolitical disruption over the past few years, from the invasion of Ukraine and Russian attacks on shipping to the Houthi blockade on Red Sea traffic.. Read more here.
ABS to provide secretariat for new U/S/ Center for Maritime Innovation –
The U.S. Maritime Administration (MARAD) has selected the American Bureau of Shipping (ABS) to establish and maintain the new U.S. Center for Maritime Innovation. The solicitation for the Center for Maritime Innovation’s secretariat was made through the process of a competitive request for proposals (RFP), released in June, that noted…Read more here.
Study Highlights Potential and Challenges of Onboard Carbon Capture –An engineering study exploring the potential for the use of carbon capture aboard vessels highlights the feasibility of the technology both for retrofits and newbuilds demonstrating that it can be a key step in the efforts to reach the IMO’s decarbonization goals… Find out the rest here.
Carlos Del Toro – America’s Maritime Statecraft Evangelist is On a Tear- Inspired by his vision for a “New, Bold Maritime Statecraft,” Secretary of the Navy (SECNAV) Carlos Del Toro spent the last year offering a master class on leveraging executive prerogative to bolster America’s maritime power. …Find out more here.
ExxonMobil Signs Largest U.S. Lease for Offshore Carbon Storage – ExxonMobil has doubled down on its plans for subsea carbon storage, signing the largest ever seabed lease for carbon sequestration in the United States. Exxon announced Thursday that it has purchased 271,000 acres worth of lease rights from the Texas General Land Office…Read the rest here.
Concerns raised as ageing fleet becomes the new norm– The remainder of the 2020s will be marked by a global merchant fleet that will get older and older, something charterers, operators and owners will have to accept as the new normal, especially if demolition volumes remain as muted as they have been in the past few years. …Read the rest here.
Google’s Landmark Nuclear Power Deal Signals New Energy Era, Echoes in maritime Industry – In a move that underscores the growing momentum behind advanced nuclear technologies, Alphabet’s Google announced a groundbreaking agreement on Monday to purchase power from multiple small modular reactors (SMRs)…Read the rest here.
Partner Spotlight
SHIPPINGInsight would like to recognize American Bureau of Shipping (ABS) as a Gold Partner!
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design, construction and operation. Focused on the safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to provide solutions that drive sustainability, optimize performance and increase operational efficiency for marine and offshore assets.
From its world headquarters in Houston, ABS delivers survey, engineering and advisory services and solutions to clients through a network of local representatives.
