have Machine Vision shipowners, and we are also seeing in- for responding to challenging situations. Groke Pro is the ? rst machine vision terest from insurance companies. In Groke Pro was not designed to re- solution to obtain Innovation Endorse- high-risk situations, a recording of im- place crew on board
a judicious selection of approaches and treatment a return on The Author investment can be realized. Inspection of the treatment installations is the “insurance” Fischer required to ensure that all the effort going into a quiet ves- Raymond Fischer (pictured) and Leonid Boroditsky have been involved with
manage- businesses to lower the risk of loss from an incident. ment experts in 92 countries and territories including CEOs, risk managers, brokers and insurance experts. The closely inter- Natural Catastrophes linked peril of Business Interruption ranks second while Natu- For Marine and Shipping risk professionals
in October 2023, clearing way for the builds to be completed by another yard. Eastern secured the contract to complete the builds from Zurich American Insurance Company, the issuer of the performance bonds for the original MPSV contracts. “The vessel structure is mostly complete with the vast HOS Panama
of tons of greenhouse nize self-interest, for example even through their own banks gases every year. But if the IMO doesn’t curb shipping mis- and insurance companies, the choice of national jurisdiction sions, it’s unclear who will. in the form of ? ags of convenience, and even until recently through
. The energy invest- tal costs required for new ship design, the SMR modular ment can lead to reduced costs for maritime applications. application, insurance, crew training and welfare, and the The issue moving forward will be de? ning the economics ability for the market and vessel type to save lost
, today there for the taxable year for cargo handling equipment, (3) the is more than $2.5 billion on deposit in CCF accounts held net sales or insurance proceeds from the disposition of cargo by more than 140 fundholders who own or operate vessels handling equipment, and (4) the receipts from the
MTR 100 HYDROCOMP INC. TRITECH INTERNATIONAL IMPACT SUBSEA www.hydrocompinc.com www.tritech.co.uk www.impactsubsea.com Since 1984, HydroComp has been a Tritech International Limited is dedi- Impact Subsea was founded by Ben leader in providing hydrodynamic soft- cated to providing reliable imaging
, the captain can save fuel by avoiding unnecessary re-anchorings as well as protect Popeye. Storing the footage provides also a sys- tem of record for insurance purposes. Beyond PopEye: Pirates, The team @ United States Coast Guard headquarters Overboard and Perimeter in Washington, DC with Katie Burkhart
. Navy has been testing drone ves- emergence of USV and MASS challenges the concepts of sels under its drone boat evaluation program, Ghost Fleet marine insurance, limitation of liability statutes, and the Overlord. The U.S. Navy is focusing on autonomous ves- Rules of the Road. In March 2023, the USCG released
OFFSHORE WIND 3) Finance and insurance providers in certain markets with battery energy storage and shore power connections. have become more interested in incentivizing investments that have less of an environmental impact. And what about the challenges? 4) A younger workforce who are increasingly less
Figure 1 No surprise that marine air is moisture laden making condensation inside an undersea housing a real problem. on diffusion to bring water vapor into contact with the desic- terior. cant, which can take a few hours. If you have the time, this The vacuum pump removes half the air for a second time.
over the past decade, f res on board vessels remain among the biggest safety issues for the maritime industry. AGCS analysis of over 240,000 marine insurance industry claims between January 1, 2017, and December 31, 2021, worth approximately $10B in value, shows that these are the most expensive cause
ship- and territories, including CEOs, risk risks, while there have also been a num- ping ? eets to measure and improve the managers, brokers and insurance ex- ber of blazes on container ships and in carbon intensity indicators is a recent perts. The overall global results reveal warehouses. example
Tech Files Innovative new vessels and technologies Sea-Kit International ASI/Saab Seaeye Sea-Kit Ramps Up, ASI Deploys Falcon in African Triples Production Capacity Croc Infested Waters Sea-Kit International’s new production ASI Group deployed a Saab Seaeye Fal- facility for its larger XL-Class Uncrewed
autonomous and remote control tools before wider deploy- sion detection and collision avoidance (CDCA). Foss is to ment and adoption. Class review and approval frameworks install Sea Machines’ SM300 system on board its harbor tug are critical in achieving industry con? dence of safe working Rachael
to setting administrator of the American Longshore Mutual Associa- standards for safety and excellence in design and construc- tion Ltd., a group self-insurance fund authorized by the tion. Focused on safe and practical application of advanced U.S. Department of Labor to provide USL&H coverage for technologies
MN DLBA Naval Architects Jeffrey Bowles DLBA Naval Architects is great there may not be the best for us. We are working on neering and production support for the marine industry. a monohull design that meets or exceeds the performance EBDG has brick and mortar of? ces in Seattle and Cov- parameters that
effects of the pandemic continue pressures heighten risk Covid-19 measures in China, a surge in consumer demand to challenge the industry. The insurance industry remains a and the invasion of Ukraine have all been factors in ongoing steadfast partner helping the industry navigate these unprec- unpreceden
Insurance 2022 SHIPPING & PORT ANNUAL Post-pandemic world brings heightened risks for shipping hile the Covid-19 pandemic resulted in few di- global maritime workforce already facing shortages. Russian rect claims for the marine insurance sector, the seafarers account for just over 10% of the world’s 1.
more functional. The new SafeEdge has been well embraced ers are the perfect addition to our safety measures for con? ned by management and crew on-board vessels and platforms. It’s spaces. Our covers have con? ned space warnings printed on unique 2/3 (depending on model), way opening cover gives
USCG works to ease Supply Chains Woes 23 Shipping & Ports Annual Commandant Adm. Linda Fagan discusses the Coast Guard’s role in 26 Maritime Risk & Insurance helping to ease chronic supply chain disruptions. 38 Tech Talk: AI in Ports By Eric Haun 39 On the Book Shelf: Port Newark & Containerization 40
the U.S. Navy and 16 Digitalization USCG, from spruce up to dramatic make-over. 18 The Path to Zero: Armach By Edward Lundquist 20 The Path to Zero: Insurance 56 Tech Feature: Bearings 56 In the Shipyard 34 Offshore Wind Drives Shipyard Innovation 60 Buyer’s Directory While there have been many starts
Project Manager at Volvo Penta we are piloting and we are testing,” Inden said. “We want to understand how it will work in real commercial operation— insurance, additional ? nancing, responsibility, data protec- tion, et cetera. That is really what we’re trying to nudge here to get that discussion going