On the back of a spate of incidents in which has been the source on fires onboard container vessels, the digital freight forwarder iContainers highlighted that the shipping industry needs to pay attention to increasing misdeclared cargo.
Over the past two years there has been a noticeable, sharp increase in the number of container fires directly resulting from shippers’ dangerous misdeclared cargo.
At 0127 on 20 January 2018, the UK flagged container ship CMA CGM G. Washington unexpectedly rolled 20° to starboard, paused for several seconds then rolled 20° to port. The ship was experiencing heavy seas in the North Pacific Ocean while on passage from Xiamen, China to Los Angeles, USA. As the sun rose later that morning, it was discovered that container bays 18, 54 and 58 had collapsed; 137 containers were lost overboard and a further 85 were damaged.
In August 2019, Leclanché (battery system provider) announced the world’s largest electric ferry had completed its first commercial voyage when Ellen connected the ports of Søby and Fynshav in Denmark.
Six months on, Halfdan Abrahamsen, an information officer from Ærø EnergyLab, tells the BBC: “Ferry shipping in general is very dirty business.” Ships usually use marine diesel or heavy fuel oil, “which is just about the bottom of the food chain when it comes to product from refineries”. But he says, the only oil onboard Ellen is for the gearbox and in the kitchen for making French fries.
According to the Shiptech 2020 report, over $1bn was invested in technology companies working in the maritime sector in 2019.
The Shiptech 2020 report, published by technology research and innovation consultancy Thetius, found that 2019 was a record year for venture capital investment in the maritime sector. However, the headline figure is distorted by the massive $1bn investment in Flexport, led by Softbank’s Vision Fund. If Flexport’s contribution is removed from the figures, venture funding in the industry actually declined by 24%, from $190m in 2018 to $144m in 2019. Overall, 8% fewer deals were made through the year compared with 2018, though the average size of deals has increased by 18% Continue reading “Shiptech 2020 report reveals the scale of venture funding invested in maritime last year”