Electrification has been much lauded as one of the most effective solutions to reducing marine industry emissions, especially in the context of the IMO’s directive to cut 50 percent of emissions by 2050. Beyond that goal, however,..
While the vessel supply is not expected to meet the demand in large-sized offshore wind turbine installation sector until 2024, operators will need to invest in building new vessels or convert the existing vessels to work in super-sized..
An industry expert sees shipowners are expected to raise their investing power against a backdrop of the successful restructuring in the Chinese shipbuilding industry. Liu Xunliang, founder of Shanghai-based China Newbuilding Price I..
It turned out that a total of 84 offshore wind farm projects, in which about 3,400 turbines of a combined 18.5 gigawatts (GW) are installed, commenced last 2021. With this, global active capacity has increased to an all time high of 50...
Like all heavy manufacturing industries today, the shipbuilding and repair industry is operating in an increasingly difficult business environment. In order for shipbuilding businesses to survive, it is important to understand and addre..
ClassNK recently unveiled its Digital Grand Design to express the pivotal role it expects digital technology to play not only in making the industry more efficient but also in meeting United Nations’ Sustainable Development Goals (SDGs)..
With a cruise sector comeback now on the horizon, shipowners are striving to ensure that their vessels are equipped for a new set of challenges. If the industry is to make a successful recovery, it will require radical rethinking across t..
While shipbuilding methods are well-established and crews are largely comfortable with current processes and tools, inefficiencies still exist in shipyards. The impact of these inefficiencies on business is far-reaching — affecting ever..
‘Big Data’ sits high up in the premier league of buzzwords that can confuse discussions in today’s shipping industry, but it remains true that the amount of data harvested from ships continues to rise rapidly. Of the 380,000 or so me..
The time for broad-brush references to alternative energy sources has passed. If shipping is to halve its greenhouse gas (GHG) emissions in line with the International Maritime Organization’s (IMO) target for 2050, owners need precise g..