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BLOCKCHAIN TECHNOLOGY

IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology. The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers. It has gained worldwide popularity due to its usefulness in recording and keeping track of assets or transactions across all industries. The blockchain solution being built by the two companies is expected to be made available to the ocean shipping industry later this year, according to a joint statement from International Business Machines Corp and the container unit of A.P. Moller-Maersk. It would help manage and track the paper trail of tens of millions of shipping containers globally by digitizing the supply chain process from end to end. This will enhance transparency and make the sharing of information among trading partners more secure. When adopted at scale, the solution based on th
The European Commission has just published its online Frequently Asked Questions on the implementation of the MRV shipping regulation. The Commission’s FAQ provides very useful information and answers to a number of highly relevant questions concerning the regulation. These Frequently Asked Questions aim to assist MRV (monitoring, reporting and verification) companies, verifiers and other stakeholders to implement the European Union MRV shipping legislation. It requires ships carrying out maritime transport activities to or from EEA ports to monitor and report information including verified data on their CO2 emissions from 1st of January 2018. The legal framework for these obligations is established under Regulation (EU) 2015/757 on monitoring, reporting and verification of carbon dioxide emissions from maritime transport, (the MRV Shipping Regulation) which has been amended by Delegated Regulation 2016/2072 and it is to be read in conjunction with Delegated Regula

SMM OIL RECORD BOOK SOFTWARE

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At the end of fiscal year 2016, the Department’s Environmental and Natural Resources Division imposed criminal penalties of more than $363 million in fines and more than 32 years of imprisonment from cases related to intentional discharges of pollutants from vessels. SMM Oil Record Book ( ORB ) Trainer Software minimizes the margin for error in data entries to the Official Oil record Book to the best possible extent. Considering the difficulties involved for the shipping companies to ensure the means, resources, time and/or know-how to keep the standards of completion of Oil Record Books under close scrutiny, we are pleased to provide a practical and user friendly software that can assist in the harmonization of ORB completion standards . Real Time warnings inform and prohibit the user for/from any incorrect entry based on Real Time processes/algorithms with given incinerator/pump/tank/O.W.S. capacities and ship specific tanks connections, enabling different

DEEPER DRAFT ASSIGNMENT (B-60)

Background For chartering purposes, in case you need to issue a Dual Load Line certificate. Our Services We are at your disposal to check if the Class Requirements for Damage Stability for B-60 Type vessels (Vents Positions, subdivision etc.) are met and to advise the following: 1) Study for p ossibility for assignment of deeper draft 2) Procedure for Dual Load Line certificate issuance 3) Authorization procedure concerning the flag’s requirement
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BACKGROUND OF REGULATION As a first step towards cutting greenhouse gas emissions from maritime transport, the EU requires operators of ships exceeding 5,000 GT to monitor and report their carbon emissions and transport work on all voyages to, from and between E.U. ports. M.R.V. APPLICATION All ships exceeding 5,000 GT regardless of their flag, port of registry or home port are concerned, except warships, naval auxiliaries, fish-catching or fish-processing ships, wooden ships of a primitive build, ships not propelled by mechanical means, and government ships used for non-commercial purposes. OUR CONTRIBUTION In reference to M.R.V. Compliance, the most urgent part consists of Monitoring Plan with deadline on 31 st August 2017 . At SMM with our long experience in Vessels’ Performance and having recognized the potential inconsistencies involved during emissions monitoring, we are your best alternative for preparing your Monitoring Plan. More specificall
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New Modules to SMMCrewRestHour ® By S.A. MALLIAROUDAKIS MARITIME ( UK ) LTD . New Useful Features Now SMMCrewRestHour includes Non-Conformance Statistics , in way of individual N/C printout report per month. More specifically, the N/C hours deviation report, expressing as deviation percentage, takes into account the following N/C categories:  - 1st period of rest is less than 6hrs  - 2 periods of rest are less than 10hrs  - 3 periods of rest are less than 10hrs (if 24d exception has been applied)  - 7day period of rest is less than 77hrs  - 7day period of rest is less than 70hrs (if 7Day exception has been applied) - 72hrs period of work is less than 36hrs (OPA-90) If such upgrade appreciated to be of your interest, more than pleased to provide a quotation for these new features. Click here to find out more about SMMCrewHourRest Software SMMCrewHourRest ® The SMMCrewHourR
Shipping in the Digital Era. In search of the Golden Equilibrium. by Konstantinos Lourandos Energy Efficiency Superintendent Shipping industry is a conservative industry, sometimes too conservative. We have built our “comfort zones” based on the conservative approach of performing tasks for many years in a undoubtedly “safe”, however not always “efficient” way. Safety of Navigation was the main, if not the only concern. The introduction of SEEMP back in 2013, and the unfortunate resonance of the global financial recession and the high prices of HFO, gave birth to the notion of “ Efficiency” in shipping. We have to admit that the environmental implications of shipping were never the driving force for reducing the fuel consumption. In this respect, we started evaluating hull designs, investing in new energy saving technologies to improve the propulsion efficiency, new antifouling coatings to reduce hull resistance and so on, and “surprisingly” we found ou
Kindly note that recently we have proceeded with an upgrade of MULTILOAD Loading Software in terms of the following new functions.   - EXPORT BAPLIE   More specifically, this new feature enables the user to create or retrieve a container loading condition and then click the "Export Baplie" button on Multiload's Detailed Container Loading screen. Then, the user shall fill-in the required data fields, such as "Sender" and "Receiver" Identification codes (as agreed between partners), "Control", "Message" and "Conveyance" Reference numbers, the vessel's "Call Sign" and the 5 digit code of the "Port of Departure". All the above data are described as mandatory by SMDG's Baplie documentation. Finally, the User must click the "Export" button to select the filename of the export file and the location where this file will be stored. Kindly note that, only conta

AUTO-MRV REPORTING TO E.U. COMMISSION

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AUTO -MRV REPORTING TO E.U. COMMISSION BY S.A. MALLIAROUDAKIS MARITIME ( UK ) LTD . BACKGROUND OF REGULATION As a first step towards cutting greenhouse gas emissions from maritime transport, the EU requires operators of ships exceeding 5,000 GT to monitor and report their carbon emissions and transport work on all voyages to, from and between E.U. ports. M.R.V. APPLICATION All ships exceeding 5,000 GT regardless of their flag, port of registry or home port are concerned, except warships, naval auxiliaries, fish-catching or fish-processing ships, wooden ships of a primitive build, ships not propelled by mechanical means, and government ships used for non-commercial purposes. OUR SOFTWARE In reference to M.R.V. Compliance and more specifically the Reporting Scheme , kindly note that development of an M.R.V.-Specific Software for fully automatic generation of Emissions Reports in line with EU Commission requirements

Shipping Review & Outlook : Dry bulk

  This article is based on the earlier research works of Mr. Daejin Lee to explain the recent trend of the shipping market with a special focus on dry bulk. Shipping is 'Pigs or Chickens'? 'Shipping is just like the country market. By the time the farmer arrives at market with his pig and finds that all the other farmers have bred pigs, it is too late. Price will fall, and the farmer, who has feed bills to pay must accept the price on offer. But this situation was created a year earlier when prices were high and everyone started breeding pigs. The smart farmers saw what other farmers were doing and switched to chickens. This has nothing to do with what the demand for pigs or chickens. It is a supply-side management. We conclude that, like the farmer, the successful shipping company must know when to steer clear of pigs!' * The story of 'Chicken and Pigs' is one of the best parts I have read in 'Maritime economics'. Bad investments often flow from

A Thanksgiving for shipping

The dry bulk market first experienced the worst ever freight market in recent memory but then tripled in a matter of months. Tankers have seen their rates halved, and limited interest for secondary market acquisitions and relatively weak prices. The containership market saw a government-blessed entity (Hanjin) go belly up, which pretty much by itself sums the state of the market; also, seven-year old panamax containerships these days are heading to the scrapyard. Finally, the offshore market has seen brand-new, top-tier drillships idling while another huge oil discovery in Texas has made offshore drilling an even more precarious proposition. However, with the spirit of being thankful upon us, for the ‘harvest’ the industry has had this year and the overall results accomplished (mostly intangible results), one has to be hopeful and even thankful for the shipping industry’s prospects. The drop of the market, especially in the dry bulk, has been the first time that peo

Moving towards smart shipping

WISTA UK has said that smart ships are likely to be carrying cargoes within 10 years but all in the logistics chain need to adapt in order to make good use of the new technology and the huge amount of data that will be available as a result. According to Sue Terpilowski, President of WISTA UK – the Women’s International Shipping & Trading Association UK – shipping will go from a “poor beginning” in terms of generating and using data to be at the forefront of new technology. All thanks to customer demand. Ms Terpilowski, who is also Managing Director of Image Line Communications, said the change would see “talking” ships within 10 years. “Even the paint will be able to tell you about the waves hitting the ship. These ships are going to be telling you about the weight and the stresses on deck when slow steaming would be appropriate and many more operational elements. There are many opportunities for the industry, but is it ready to take advantage?” And she continued: “Ship i

Shipping Stock Rally Raises Interest (and Questions)

NEW YORK, Nov 16 (Reuters) – Shares of U.S. shipping companies shot higher again on Wednesday, causing volatility halts in a number of stocks and raising questions among investors and analysts over the extent of their sharp post-election rally. The jump in share prices and unusually heavy trading volume even surprised analysts who follow the stocks, although some said the gains appeared to result in part from optimism that commodity demand would increase under President-elect Donald Trump. At the center of the rally has been DryShips Inc, an $82.9 million market-capitalization company that has been halted for volatility in recent sessions and is up about 1,500 percent since its close on the Nov. 8 Election Day. The stock was halted again on Wednesday, and Nasdaq requested additional information from the company. Shares of Diana Containerships Inc, Globus Maritime Ltd and Pangaea Logistics Sol Ltd also were halted multiple times for volatility. A stock’s outsized

Alphaliner: Panamax Exodus Set to Continue

Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner. Only such a drastic reduction could elevate rates from their current all-time lows of USD 4,200 – USD 4,500 per day, with positive side effects on the 2,700 – 3,800 TEU size bracket as well. Hard decisions have to be taken, such as scrapping ten-year-old ships on the eve of their second Classification Special Survey. Since many cash-short owners can’t afford the survey-related costs, such vessels are being laid up, sold for scrap, or sold to bargain buyers at distressed prices. Since the opening of the new Panama Canal locks on 26 June, no fewer than 120 classic Panamax ships, referring to vessels of 4,000-5,300 TEU on a 13 row/32.30 m beam, have been displaced from trans-Panama routes. “The exodus is set to continue, with a further 30-40 cl

MSI: Dry Bulk Market Heading Into a Firm Festive Season

After a steady fall in average daily TCE spot earnings in October, November saw an inflection point for Capesizes as the dry bulk market is sailing into a firm festive season, swiftly followed by a New Year comedown, according to research and consultancy firm Maritime Strategies International (MSI). With rates soaring to over USD 16,000 per day, the Capesizes saw their highest rates since mid-2015. Some of this strength has translated to the Panamax market, although Supramax and Handysize earnings have been broadly unaffected. A basket of key commodity prices, including iron ore, coking and steam coal, have surged in recent weeks, with falls in domestic supplies in China a key driver. This trend is forecast to continue through the fourth quarter but weaker iron ore and coal trade will impact Capesize and Panamax demand in the near term. “The Capesize market is demonstrating what might be termed ‘frothy’ characteristics with patches of strong chartering despite wea

How to carry bulk cargoes safely?

When bulk cargoes shift, liquefy, catch fire or explode due to poor loading procedures, the consequences can be critical – ships could capsize, lose stability or sustain severe structural damage. Occasioned by this kind of incidents the UK P&I Club has offered some good advice regarding the safe carrying of bulk cargoes. According to the Club, precautions need to be taken before accepting solid bulk cargoes for shipment. Crew members have to be warned of possible liquefaction properties of bauxite (which was considered until recently a cargo not liable to liquefaction) as well as be advised on the issue of cargo residues deemed harmful to the marine environment; the changes to the IMSBC Code’s structure; and SOLAS mandatory enclosed space entry and rescue drills. IMO Resolution MSC.393(95) introduced amendments (03-15) to the International Maritime Solid Bulk Cargoes (IMSBC) Code enter into force on 1 January, 2017, and could be implemented voluntarily from 1 January, 2016. “
Improving your ships and operations is the key driving force of our business. It is a goal stemming from a special dedication to our work and a deep understanding of our customers' needs. We have achieved five important competitive advantages, leading to a more efficient and profitable ship operation. We provide the widest range of services, including initiatives exclusively found at SMM (UK) Ltd.. We make sure that our products stay up to date and of superior quality. We develop innovative products based on the latest marine and information technology. We have a superior infrastructure to better serve our customers. We develop and maintain a relationship with our customer based on trust and loyalty.             Our Purpose Improvement with excellence of your ships and operations based on Multiyear Experience and Commitment. Our Vision To materialize “Fair Winds and Following Seas” for the global shipping industry via friendly, innovative a

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