A collaboration between Heriot-Watt University's Ocean Systems Laboratory and the Smart Systems Group has received funding to deliver a human-robotics hybrid solution for the maintenance and operation of offshore windfarms.
DNV GL and the Maritime and Port Authority of Singapore (MPA) have signed an MOU to further innovation in intelligent shipping systems. The renewed MOU extends an earlier collaboration for another three years and expands it to now include autonomous technologies, intelligent shipping and data analytics.
DNV GL has released its annual oil and gas industry benchmark study, and the survey of 700 industry executives and professionals found that confidence is at roughly the same level as last year, with about one third of respondents expecting growth in 2017.
China Shipbuilding Industry Corp (CSIC) has begun to upgrade the design of its first-ever floating nuclear power platform ready for a wider spectrum of applications. The company is also expanding its submersible construction activities.
BP's Energy Outlook predicts that global energy demand will increase about 30 percent by 2035, driven by increasing prosperity in developing countries, partially offset by rapid gains in energy efficiency.
A surge in piracy to the west of the Philippines is forcing shipowners to divert vessels through other waters, increasing costs and extending the time it takes to transport goods such as Australian iron ore to key Asian destinations, according to Reuters.
Drewry Financial Research said last week that after the collapse of Hanjin Shipping last fall, Taiwanese carrier Yang Ming has taken pole position as the most debt-burdened container line in the industry.
The dry bulk market's strong end to 2016 is unlikely to last long into 2017, according to the latest research from Maritime Strategies International. In its latest quarterly dry bulk market report, MSI predicts a depressed year for rates in 2017, a year marked by multiple risks to recovery.