South Korean company develops new ESS technology for large ocean-going vessels The most recent acquisition by South Korea-based technology and engineering conglomerate Hanwha Group has had a rocky start. Formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), the newly rebranded Hanwha Ocean posted losses of 159.1 billion won (US$120 million) in Q2 2023. However, […]
Companies’ pilot LNG carrier navigation safety project morphs into a long-term development collaboration to drive innovation in AI and machine learning, writes Alan Johnstone Navigational error resulting in collision or grounding is one of the highest safety risks associated with maritime transport. Safe navigation relies strongly on Officers of the Watch (OOWs) maintaining lookout awareness […]
![[Press release] Silverstream announces multiple LNG carrier orders for its air lubrication system](https://rina.org.uk/wp-content/uploads/2023/08/Noah-Silberschmidt-1080x675.jpg)
Maritime clean technology leader Silverstream Technologies has announced multiple orders from the LNG carrier (LNGC) segment for its proven air lubrication technology, the Silverstream® System. This latest raft of orders takes the company’s orderbook in the segment to 36 vessels, representing a combined value of approximately £50 million, highlighting air lubrication’s viability for LNGCs of […]
South Korea has pledged to expand financial support measures and invest US$135.9 million in technological development for autonomous vessels and eco-friendly ships. According to the Ministry of Trade, the move aims to secure local shipbuilders’ position in the global market. Trade Minister Lee Chang-yang travelled to Ulsan to inspect shipyards and announced financial support plans […]
New digital technologies, supported by developments in connectivity and the ability to transfer data in greater volumes between ship and shore, promise significant gains for ship and fleet performance. However, the deepening of onboard and onshore interconnectedness and the mixing of shipboard IT and operational technology (OT) systems also opens up new avenues for security […]