Digitalization is happening now in the shipping ecosystem. Big words aside, what this means to shipowners is that information about equipment, processes, you name it... can be generated, stored and analyzed in larger quantities, with more precision, and from new vantage points.

Lord Mountevans, Chairman, Maritime London & President, Institute of Chartered Shipbrokers was announced as the recipient of the prestigious Lifetime Achievement Award at tonight’s presentation ceremony for the 31st Seatrade Awards, which took place at London’s magnificent Guildhall.

More validation is emerging for Wärtsilä’s dual fuel concepts and technology with the signing of orders for a new shuttle tanker concept developed by the world’s largest provider of shuttle tanker services; Teekay, in close cooperation with Wärtsilä.

Teekay is targeting consolidation in the ethylene and small-scale LNG sectors with a new multi-gas pool.

Consolidation is in the tanker waters. Teekay Tankers and Tanker Investments Ltd (TIL) have now announced a shares for shares merger, that would create an operator even bigger than the “…largest operator of midsized tankers…”- the tagline for Teekay Tankers even before the tie-up. 

First Ship Lease Trust (FSL Trust) has entered into an agreement with Teekay Group to employ an aframax tanker on a revenue sharing agreement (RSA).

Experts from the maritime industry are gearing up to debate, discuss and analyze the opportunities and challenges facing the industry at Sea Asia 2017.

Will the challenges which have affected shipping in recent years and today’s pressure points on the industry have implications for its structure in the future?  This question will be at the centre of a Parliamentary-style Debate to be held at the Sea Asia conference in Singapore on 26 April. 

Teekay has inked a $4m maritime broadband VSAT upgrade and contract extension with global satellite communications provider NSSLGlobal.

Teekay’s Tanker Investment Ltd is switching its strategy from asset play and selling its vessels to a longer term operating one due to current low values for tankers.

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