International Code for Ships Operating in Polar Waters

Verisk Estimates Industry Insured Losses from Hurricane Idalia Will Range from USD 2.5 Billion to USD 4 Billion

Retrieved on: 
Monday, September 4, 2023

BOSTON, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from USD 2.5 billion to USD 4 billion.

Key Points: 
  • BOSTON, Sept. 04, 2023 (GLOBE NEWSWIRE) -- Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, estimates industry insured losses to onshore property for Hurricane Idalia will range from USD 2.5 billion to USD 4 billion.
  • The industry loss estimate includes estimated wind damage and insured estimates of storm surge across Idalia’s track.
  • At around 7:45 a.m. EDT on August 30, Hurricane Idalia made landfall in Taylor County within Florida’s Big Bend region, near Keaton Beach, as a Category 3 hurricane.
  • A major hurricane similar to Idalia has not impacted this region for over 125 years, since the unnamed hurricane in 1896.

Smart Ship© Hub , Singapore headquartered B2B (SaaS) Maritime digital platform raises pre series round of $ 2.5M led by Ideaspring Capital and StartupXseed ventures

Retrieved on: 
Thursday, August 4, 2022

SINGAPORE, Aug. 4, 2022 /PRNewswire/ -- Smart Ship Hub(SSH) is a ready to deploy digital platform for global maritime logistics.

Key Points: 
  • SINGAPORE, Aug. 4, 2022 /PRNewswire/ -- Smart Ship Hub(SSH) is a ready to deploy digital platform for global maritime logistics.
  • Joy Basu , Founder of Smart Ship Hub adds: "Digital platforms will play a fundamental role in disrupting maritime legacy processes.
  • Ideaspring Capital is very happy to be part of Smart Ship Hub's growth and its journey towards being the digital platform of choice for global maritime companies.
  • We are glad to have partnered as they disrupt global maritime domain : BV Naidu, Managing partner StartupXseed ventures.

Smart Ship© Hub , Singapore headquartered B2B (SaaS) Maritime digital platform raises pre series round of $ 2.5M led by Ideaspring Capital and StartupXseed ventures

Retrieved on: 
Thursday, August 4, 2022

SINGAPORE, Aug. 4, 2022 /PRNewswire/ -- Smart Ship Hub(SSH) is a ready to deploy digital platform for global maritime logistics.

Key Points: 
  • SINGAPORE, Aug. 4, 2022 /PRNewswire/ -- Smart Ship Hub(SSH) is a ready to deploy digital platform for global maritime logistics.
  • Joy Basu , Founder of Smart Ship Hub adds: "Digital platforms will play a fundamental role in disrupting maritime legacy processes.
  • Ideaspring Capital is very happy to be part of Smart Ship Hub's growth and its journey towards being the digital platform of choice for global maritime companies.
  • We are glad to have partnered as they disrupt global maritime domain : BV Naidu, Managing partner StartupXseed ventures.

Mitsubishi Shipbuilding Completes Conceptual Design of VLGC Enabling Conversion of Main Fuel from LPG to Ammonia

Retrieved on: 
Friday, June 10, 2022

The conceptual design of an LPG-powered VLGC enabling future conversion to ammonia fuel was developed based on Mitsubishi Shipbuilding's experience and expertise in the construction and delivery of more than 80 very large LPG carriers and multi-purpose gas carriers capable of carrying ammonia.

Key Points: 
  • The conceptual design of an LPG-powered VLGC enabling future conversion to ammonia fuel was developed based on Mitsubishi Shipbuilding's experience and expertise in the construction and delivery of more than 80 very large LPG carriers and multi-purpose gas carriers capable of carrying ammonia.
  • Creation of a design enabling conversion to ammonia fuel in line with future needs is expected to permit relatively small-scale ship retrofitting when use of ammonia fuel becomes a viable option.
  • Ammonia is expected to come into wide use in the future as a stable and clean source of energy.
  • Mitsubishi Shipbuilding's newest VLGCs, in addition to using LPG fuel as an alternative to the conventionally prevalent heavy oil, can also transport ammonia as cargo.

Mitsubishi Shipbuilding Acquires Approval in Principle (AIP) from France's Classification Society for Spherical Cargo Tank System for LCO2 Carriers

Retrieved on: 
Wednesday, June 8, 2022

TOKYO, June 8, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has acquired Approval in Principle (AIP)(1) from the French classification society Bureau Veritas (BV) for a spherical cargo tank system for liquefied CO2 (LCO2) carriers.

Key Points: 
  • TOKYO, June 8, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has acquired Approval in Principle (AIP)(1) from the French classification society Bureau Veritas (BV) for a spherical cargo tank system for liquefied CO2 (LCO2) carriers.
  • Now, Mitsubishi Shipbuilding has succeeded in developing a spherical cargo tank system for LCO2 carriers, applying its advanced technologies in structural analysis and material evaluation cultivated through the design and construction of liquefied natural gas (LNG) carriers equipped with spherical tanks.
  • The adoption of Mitsubishi Shipbuilding's spherical cargo tank system is expected to further optimization of ship arrangement and enhance the economic performance of LCO2 carriers.
  • With acquisition of the new AIP for its spherical cargo tank system for LCO2 carriers, going forward Mitsubishi Shipbuilding will ever more actively pursue the development of LCO2 carriers and related business as a marine system integrator.

Fresh Del Monte’s Network Shipping Ltd. Offers Reliable Cargo Solutions to Wider Audience Amid Ongoing Supply Chain Issues

Retrieved on: 
Monday, May 9, 2022

Network Shipping (NWS), Fresh Del Montes ocean logistics arm, continues to drive growth for Fresh Del Montes third-party services by further enhancing its platform through a rebrand that optimizes cargo space on Fresh Del Montes 13 owned vessels offering tailored shipping solutions to a broader audience amid continuous supply chain pressures.

Key Points: 
  • Network Shipping (NWS), Fresh Del Montes ocean logistics arm, continues to drive growth for Fresh Del Montes third-party services by further enhancing its platform through a rebrand that optimizes cargo space on Fresh Del Montes 13 owned vessels offering tailored shipping solutions to a broader audience amid continuous supply chain pressures.
  • Network Shipping is leveraging Fresh Del Montes resources, achieving an almost 100% on-time delivery rate, and responding quickly to ever-evolving market needs, said Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer at Fresh Del Monte.
  • Fresh Del Monte Produce Inc. is not affiliated with certain other Del Monte companies around the world, including Del Monte Foods, Inc., the U.S. subsidiary of Del Monte Pacific Limited, Del Monte Canada, or Del Monte Asia Pte.
  • Commercial cargo falls under Fresh Del Montes Other Products and Services segment.

Mitsubishi Shipbuilding Receives Approval in Principle from Classification Society for LCO2 Carrier Cargo Tank from France's Bureau Veritas

Retrieved on: 
Thursday, September 2, 2021

TOKYO, Sept 2, 2021 - (JCN Newswire) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has been granted Approval in Principle (AIP)(1) from the French Classification Society Bureau Veritas (BV) for a cargo tank system to be mounted in a liquefied CO2 (LCO2) carrier.

Key Points: 
  • TOKYO, Sept 2, 2021 - (JCN Newswire) - Mitsubishi Shipbuilding, a part of Mitsubishi Heavy Industries (MHI) Group, has been granted Approval in Principle (AIP)(1) from the French Classification Society Bureau Veritas (BV) for a cargo tank system to be mounted in a liquefied CO2 (LCO2) carrier.
  • Further, carbon dioxide capture, utilization, and storage (CCUS) is attracting attention worldwide as an effective means to achieve decarbonization.
  • Mitsubishi Shipbuilding is responding to this demand by actively pursuing development and commercialization of LCO2 carriers.
  • Accordingly, independent Type C tanks as defined by the IGC Code(2) are typically used for the cargo tank system.