How Shipping Revenues be Affected by New Accounting Requirements?
The new accounting standard IFRS 15, Revenue from Contracts with Customers, comes into force from 1 January 2018. Ship owners need to make sure they understand the impact on the timing and nature of...
CalMac Targets Standardisation and Alternative Fuel Mix
CalMac Ferries is looking at full electrification, hydrogen and LNG options while standardising its fleet and has highlighted the importance of forming a strong partnership with a shipyard to achieve these goals.
The Scottish ferry...
ABB Launches Sequential Turbocharging System
Greater flexibility and lower fuel consumption for vessels with two-stroke main propulsion.
ABB Turbocharging announces its latest technology development, the Flexible integrated TurbochargingSystem for Two-Stroke Engines (FiTS2) at Marintec China, December 2017. The new sequentialturbocharging system allows maximum fuel savings for two-stroke...
DNV GL Releases the New Issue of MARITIME IMPACT Magazine
DNV GL has reportedly released a new issue of MARITIME IMPACT magazine based on the theme ‘Smart Operations’. The magazine has been released just in time for the Marintec China trade fair in Shanghai.
Importance...
Tanker Captain Arrested! Two Missing of Collision Recovered Dead
On December 5, the authorities allegedly recovered the body of two sailors who had reportedly gone missing after a fishing vessel collided with a tanker.
What happened?
On December 3, thirteen people were reportedly dead and...
Seaworthy Vessel Sank Due to Foul Play?
It has been nearly three months since the fuel tanker ‘Agia Zoni II’, when it reportedly sank off the island of Salamina causing a massive oil spill polluting the Athens riviera.
When shipping officials examined...
‘Close Quarter Situation’ Leads to Collision in Turkish Straits
Summary
On 27 November 2016, the Maltese registered cargo vessel ‘Sider Capri’ and the Italian flagged ro-ro vessel ‘Grande Anversa’ collided in the Çanakkale Strait’s Traffic Separation Scheme. At the time, Sider Capri was on...
[Watch] Time-lapse of Hurricane Irma Slamming Miami Beach
Miami Beach was under a mandatory evacuation order when Hurricane Irma struck Florida this weekend. This time-lapse shows the hurricane hitting Miami Beach.
Disclaimer: This video is intended for informational purpose only. This may not...
“Plug and Play” BWMS will Not Succeed – USCG
Increasing number of vessel owners have expressed their willingness to use ‘plug and play’ for ballast Water Management Systems (BWMS) due to no frills technology.
Owners disappointed:
However, the owners who expressed willingness to use “plug...
Standardization Can Help Enable the Digital Transformation of Shipping
The maritime industry is exploring the opportunities offered by digital technologies. With standardization options like operational optimization, model calibration for digital twins, design optimization, and other such applications, the shipping industry can digitally transform...