Rolls-Royce has announced it has partnered with tech giant Intel to develop AI-powered shipping systems with the goal of fully-autonomous navigation and ship operations. The systems will involve installing ships with dedicated Intel Xeon Scalable processor-based servers and 3D NAND SSDs for data storage, effectively turning ships into “cutting-edge floating data centers with heavy computation […]
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Japan’s ONE Carrier Network Flags $600 Million Loss in First Year
By Mike Wackett (The Loadstar) – Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, as it struggles to “restore the trust of customers” after the chaotic April launch. ONE has alerted shareholders of K Line, MOL and NYK to a $310m loss for the half-year period […]
Ship Owners Scramble to Install Scrubbers Ahead of IMO 2020
By Ron Bousso and Ahmad Ghaddar LONDON, Oct 16 (Reuters) – Ship owners accelerated installations of engine cleaning systems this year ahead of stringent new rules in 2020 which sharply reduce the amount of sulphur ships can emit from the 3.5 percent in current bunker fuel to 0.5 percent, according to a report. Vessel operators can […]
Trump Administration Considering West Coast Military Bases to Export Coal, Gas -Report
Oct 15 (Reuters) – President Donald Trump’s administration is considering using West Coast military facilities to export coal and natural gas to Asia, according to an Associated Press report on Monday, citing U.S. Department of Interior Secretary Ryan Zinke. The move would help fossil fuel producers ship their products to Asia and circumvent environmental concerns […]
Watch: 18,000-Tonne BorWin Gamma Platform Installed in North Sea
The 18,000 tonne topside of the BorWin gamma High Voltage Direct Current (HVDC) platform has been installed on its jacket foundation in the German sector of the North Sea, where will soon be used to supply green power to more than one million German households. The giant converter arrived on board the heavy lift vessel […]
Saipem Plans Renewables Push as Oil Clients Keep Lid on Spending
By Chiara Albanese (Bloomberg) — Saipem SpA is looking beyond black gold, to green. The Italian oil-services provider, which builds projects for the fossil-fuel industry, says it may get more than half its work from clean-energy clients in a decade. That reflects a persistent lack of oil-company investment in the wake of crude’s crash, and […]
Offshore Drillers Eye Market Recovery by 2020
By John Benny Oct 15 (Reuters) – Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020. At the depths of […]