Amidst the recent dramatic cyclical and structural changes in the global shipping industry, Singapore Maritime Week (SMW) 2018 will centre on the theme, “Positioning for Future Growth – Driving Connectivity, Innovation and Talent”.

The regional Maritime Technology Cooperation Centre (MTCC) for the Latin America region, MTCC-Latin America has been inaugurated in Panama by Panama’s Minister of Maritime Affairs Jorge Barakat and the IMO deputy director of Environment Dr Jose Matheickhal.

Yangzijiang Shipbuilding continues to make moves in the financial space with an eye towards getting into new technology, announcing the acquisition of a 25% stake in investment firm Jiangsu Sushang Joint Industry Investment Partnership for RMB700m ($110.4m).

Mitsui OSK Lines (MOL), one of Japan's big three shipowners, is undertaking a restructuring of its organisation that includes a new technical innovation unit.

Danish engineering firm Danfoss has opened its new office and Marine & Offshore Application Center (ADC) in Singapore.

While it is more exciting to think of technology in maritime as being about futuristic robot-like fully autonomous ships and other high-tech applications, the reality is that many practical and applicable technologies are already here and can be usefully applied to make a significant difference in the near future.

Maritime simulation has undergone a transformation over the last three years, largely as a result of computer processing speeds and the ability to create real simulation in real time.

Wartsila has completed the installation of a hybrid energy system onto Viking Princess, the world’s first offshore vessel to be equipped with battery technology to replace and reduce the use of traditional generators aboard the ship.

DNV GL has introduced a new ‘Virtual Trial’ application for yards and owners, allowing them to see the computational fluid dynamics (CFD) simulation of hull efficiency at their desktops.

Wärtsilä is expanding its footprint in vessel positioning acquiring Guidance Marine.

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