Israeli shipping company ZIM Integrated Shipping Services and Marius Nacht, one of Israel’s leading serial entrepreneurs and investors, have jointly invested in a Series B Financing round of WAVE BL, a developer of a blockchain network supporting paperless trade in the shipping industry.
Global average opex per megawatt in the offshore wind sector has fallen significantly over the last eight years and is expected to further decline until 2029, driven by an increasing utilisation of new technologies and innovative solutions in operations and maintenance (O&M). “With economies of scal
Japanese shipping solutions provider e5 Lab Inc. has established Marindows Inc. in an effort to bring advanced information technology (IT) to Japan’s maritime industry.
UK’s tech firm SRO Solutions has signed an agreement with Belfast Harbour to provide IBM’s Maximo asset management software licences as the port looks to increase digitalisation across its operations.
Ecospray has chosen relayr to create new IoT-based desulphurization solutions, driving the maritime industry towards an increasingly digital future.
The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an innovative national project for the digitalisation of subsurface information. This digital platform will also enable global access to the country’s subsurface data, kept evergreen by enhancing legacy dat
The transformation of the shipping industry towards a smarter and decarbonized future will require a new and more complex risk management to preserve safety. The benefits of digitalization have never been more prominent than during the pandemic period where a lot of business activities went online a
The Finnish technology group Wärtsilä and vessel provider Siem Offshore have signed an optimised maintenance agreement to reduce the carbon footprint of two offshore well intervention vessels.
Japanese shipping major Mitsui O.S.K. Lines (MOL) and California-based AI technology startup Bearing, Inc. have inked an agreement to expand their partnership and bring artificial intelligence (AI) to the shipping industry.
Technology and engineering company Emerson has introduced a new software to boost process automation and the application of the Roxar 2600 Multiphase Flow Meter (MPFM) for the oil and gas industry. The Rapid Adaptive Measurement software architecture enables the Roxar 2600 MPFM to do parallel comput
A collaborative, green solution developed by COSL Drilling Europe, Kongsberg, and NOV is poised to generate savings in offshore drilling operations.
Finnish technology group Wärtsilä has been selected to supply a range of solutions for a new diesel-electric hybrid roll-on/roll-off passenger (RoPax) ferry ordered by the Isle of Man Steam Packet Company (IOMSPC).
Shell, C3 AI, Baker Hughes, and Microsoft have launched the Open AI Energy Initiative (OAI), a first-of-its-kind open ecosystem of artificial intelligence (AI)-based solutions for the energy and process industries. Specifically, the OAI provides a framework for energy operators, service providers, e
The majority of the world’s 4,900 ports are not yet using digital technology for even the most basic processes, Innovez One, a Singapore-based provider of smart-tech and AI solutions for the maritime sector, said.
