In the world of oil and natural gas, engineers, geologists, and drilling and production departments tend to get the lion’s share of the credit when good things happen, and most of the blame when they don’t. That’s fair, given the crucial roles these groups of employees play within the thousands of companies that make up the U.S. oil and gas industry. But in recent years, as overall domestic production has risen at a pace no one could have foreseen even five years ago, the cre

Cybersecurity, agritech, digital health and autonomous vehicles have all put Israel on the map as a global innovation center in recent years. Now, two former Israel Navy commanders are riding the wave of innovation to transform the Jewish state into the port of call for global maritime technology. Combining decades of maritime passion and hi-tech experience, Hannan Carmeli and Nir Gartzman founded innovation hub theDOCK in early 2017, with the aim of leveraging Israel’s techn

One of the key issues ship owners and operators are facing is ensuring the efficient use of energy while at the same time meeting new environmental regulations being implemented on a global and regional basis. Getting an insight into energy optimisation and alternative energy sources is central to both cost and environmental control. Visitors to the maritime exhibition Europort will be able to take part in some unique events at which cutting edge technology solutions will be

The age old problem of low levels of trust between importer and exporter when it comes to payment looks set to be alleviated by the adopting of “blockchain” technology in the banking system. Blockchain is the revolutionary concept behind the global sensation of the cryptocurrency, Bitcoin, and is the current darling of fintech. A growing number of start-up companies from around the world are vying for attention in the race to develop practical applications across a variety of

Increasing complexity and shrinking margins are forcing the maritime industry to focus on cost awareness. But with the fuel prices at an all-time low, it has become increasingly hard to save expenses in this area. In order to continue realizing cost reductions, the industry is now turning to other methods of staying cost-conscious. Asset expenses, preventive maintenance and shore based management are the current topics that have the industry’s attention. As a result, the dema

Container lines have shifted their focus towards alliance structures for operational efficiency, rather than relying on large scale technological innovation, according to research and consultancy firm Maritime Strategies International (MSI). With container lines continuing to seek cost savings, MSI Analyst Jamie Seneviratne said that any equipment manufacturer looking to drive innovation must consider how vessels employing their systems can be compatible with other ships oper

Certainty is a scarce good in a continuously changing world. The speed with which new developments arise, seems to imply that knowledge is rapidly built from scratch. We seem to forget that it takes decades to build a sustainable industry. The long history and diversity of the maritime industry contributes to its international standing; the knowledge institutes, suppliers, contractors and engineering firms together form a strong chain. Especially when faced with so many chang