Tag: future of shipping

Georgia boasts a rich maritime history, and its seafarers are renowned for their exceptional skills and experience. Elvictor, a leading company in the Georgian market, presents this article to bring attention to the potential of Georgian Crew as a complementary approach to your crew recruitment, explains Konstantinos Galanakis, Chief Executive Officer at ELVICTOR GROUP Inc.

The Philippines is a dominant source of seafarers and cadets, contributing significantly to the global merchant fleet. Filipino seafarers are known for their English proficiency, quality education and training, cultural affinity for seafaring, and cost-competitiveness, argues Konstantinos Galanakis, Chief Executive Officer at ELVICTOR GROUP Inc.

Decarbonization and Digitalization are not just buzzwords; they represent critical priorities for the industry as it navigates a rapidly changing world.  A latest study by the Singapore Maritime Foundation and DNV, examines the impact of these transformative forces on ship management and seafarers and identifies the key drivers as we are heading towards 2030.

Alexander Varvarenko, Founder & Owner, Shipnext explains how the implementation of data-management tools, and a wider use of machine learning and AI, will drive operational efficiency and highlights that competition and innovation inevitably pushes the industry in the right direction.

Robert Ashdown, Secretary General of the International Association of Classification Societies (IACS), notes that the accelerated pace of decarbonization and digitalization brings the need for a strategic approach to ensure safety and the impact on the associated human element factors.

A recent DNV study finds that maritime operations will become more digitalized and automated as the shipping industry implements alternative fuel technologies. This suggests that the industry will need to map the skills and competencies required to implement decarbonization-related technology.

Eleni Polychronopoulou, President and CEO of METIS Cyberspace Technology explains how new technologies can assist industry in succeeding in its journey towards decarbonization, highlighting the importance of data reporting.

Until the first quarter of 2023, there were 24 large ships installed with wind assist systems. This makes a total of 1.5 million deadweight tons of shipping with wind assist systems onboard. Within the following year, it is estimated that at least 49 vessels -equivalent to 3.3 million dwt- will be retrofitted with wind propulsion systems.

During the 2023 GREEN4SEA Athens Forum, Dr. Konstantinos Galanis, Chairman, International Ship Recycling Association, pointed out that ship recycling is not a stand-alone industry. He noted that organizations should be empowered to foster collaborative thinking to further drive waste management by applying safe processes and utilizing innovation.

In today's disruptive, demanding, and dynamic environment, the maritime industry is realigning its ambitious goals with the ESG criteria to optimize long-term value for all stakeholders, strengthening its environmental and social effect as well as its corporate governance.