Issue 3 | Thursday, 27 April 2017 Best Stands Page 6 TODAY Organisers Digital Revolution Held in conjunction with Page 8 Part of Hybrid Communications Recognised as Page 10 The private independent shipowner wins the day T he second day of Sea Asia 2017 saw an impassioned debate as to whether “the best days of the private independent shipowner are over”. Transforming the conference hall into a parliamentary debating chamber six speakers - three for the motion and three against – put their case to the delegates, or members of parliament. BW Group and Singapore Maritime Foundation (SMF) chairman Andreas Sohmen-Pao presided as Speaker of the House. The debate played out with a level of passion rarely seen at shipping conferences with core themes of other people’s money, or OPM, and scale running through the session. Opening the speaking for the motion Michael Parker, global head of shipping for Citigroup ,commented on what has been happening in recent years said: “The few have destroyed the many, and that’s why the private shipowner will struggle to survive.” Kenneth Hvid, president and CEO of Teekay Corp, noted that the company had started out as a private one in the 1970s but gone public in 1995. “Size and reputation matters,” he stated, saying that a reason to be a public company is that bankers say they are focused on serving larger, public companies. Mikael Skov from private equity-backed Hafnia tankers said if you went to a bank wanting to buy one or two ships, “it was not going happen”, and owners needed scale and a plan. It was Greek shipowner Flippos Lemos, president of NS Lemos & Co, speaking against the motion, who coined the OPM term, which was then picked up by other speakers. “Shipping is quite simply not an ideal fit for the broader equity capital market. Other people’s money serves to exacerbate short-term investment in Sea Asia 2017 Today - Issue 3 | www.sea-asia.com the industry,” he stated. Also speaking against the motion was Randy Chen, vice chairman of Wan Hai Lines, a niche privately-owned container line. “Financial markets and shipping are rarely aligned,” he noted. This means that decisions to buy are taken at the wrong time in the cycle. “The simple rationale is we take the capex decision out of institutional money’s hands. That’s how you can ‘zig’ when other people ‘zag’,” Chen stated. Kenneth Koo, chairman and CEO of TCC Group, (pictured) questioned if there ever had been any best days in shipping except perhaps in the 1950s in Asia, with any booms being very short. As for the so-called supercycle in the noughties he asked: “Who were the victims? Not us (family owners). I would say the banks were the victims as they kept on lending.” When it all came down to the vote at the end of the debate, the independent private shipowner turned out to be the clear winner in the eyes of the members of the audience with some 73% voting against the motion. Page 1 Page 2 Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Owners seek secondhand refinancing but lenders show little interest With less new ships being ordered given severe oversupply in the shipping market and vessel assets changing hands in light of restructurings, owners are star ting to seek refinancing for secondhand tonnage. However, bankers have expressed little or no interest in entering into deals for such passed down assets. At the Sea Asia 2017 conference session on ship finance, cfo of Neptune Orient Lines (NOL) Serge Corbel highlighted that the industry would now be more concerned with the refinancing of secondhand vessels and the vessels acquired from the demise of some shipowners. “For container shipping, there is currently not much stress on finding financing for new tonnage, but rather the concern is the refinancing of secondhand tonnages. The landscape has also moved into something new – where companies are looking to banks for corporate financing rather than specifically ship financing,” Corbel told delegates at the conference. Tay Kim Joo, director, debt capital markets, DNB Bank, confirmed Corbel’s concerns as he shared the reality that banks, if given a choice, prefer new ships. “Banks in general have internal policies on what age the asset must be and that it should be debt free, though it also depends on the asset type. But to put it straight, until today all banks prefer new ships,” Tay said. Indeed, the number and size of financing deals for new ships have declined, according to some numbers shared by Tay. During the first quar ter of 2017, there were 22 ship financing transactions compared to 56 in the year-ago period. The average transaction size of the deals has also gotten smaller to around $180m from around $256m over the same comparative period. “The 22 transactions in the first quar ter is also the lowest ever in the past 10 years. This tells us that the market is very, very slow or close to dead,” Tay said. Zhou Ling, general manager, shipping leasing depar tment, CMB Financial Leasing, said plainly that “we prefer modern tonnage and secondhand vessels are a no-no for us.” CMB Financial Leasing’s business model has increasingly expanded its por tfolio of international players, after it was first carved out by the Chinese government to suppor t Chinese shipbuilding activities. The shift to welcoming international players came due to changes in the market dynamics where there is now a lack of sufficient funding after the withdrawal of major European banks from the ship financing scene. “The leasing model is cer tainly here to plug the gap. But going forward if the shipping market recovers to the extent that owners are able to again rely on traditional shipping banks, then the leasing model may become less attractive as we know the leasing model is more expensive than the traditional debt solution,” Zhou said. “But for the time being we do see a need for leasing solutions. The owners who come to us typically look for more flexibility, higher leverage and longer loan tenure,” she said. Just two years ago, 100% of CMB Financial Leasing’s transactions were all done for Chinese domestic owners. Today, that equation has changed to 60% international and 40% domestic. New deals over the past 12 months seen at CMB Financial Leasing saw around 90% of international players. BW LPG, another shipowner on the Sea Asia panel session, has not yet tapped into the leasing model of financing as the shipowner has still been able to secure suppor t from traditional bank loans, according to the company’s cfo Elaine Ong. “It [financial leasing] is one area we are considering but it comes at a price so we need to look at it closely,” Ong said. Ong said the company has maintained a fairly good cash balance to brace itself for a rather hard fall in 2016 when rates declined. “We have not resor ted to alternative forms of financing and continue to try to steer our balance sheet to keep it at a healthy level,” she said. LNG will prove Korean yards’ redemption: Petropoulos L NG carriers will be the emerging story over the next few years and the Korean yards will be heavily involved in it, predicted Braemar Asia president Denis Petropoulos at the Sea Asia panel on market insights, which featured various experts from different segments in shipping. “Korean shipyards have got very high expertise in shipbuilding, they’ve got a terrific reputation and have invested in their future and technology,” said Petropoulos. While he conceded that the lack of orders going into the next two years might put some pressure on their financials, Petropoulos noted that the growth in the LNG market in future would be to their advantage. “LNG is going to be a big sector and I think Korean yards will be heavily involved in that,” Petropoulos concluded. Relating his experience from a recent visit to one of the Korean yards, Panama Canal Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Authority ceo Jorge Quijano added: “They are concentrating on the more sophisticated type of vessels.” These included ultra large container ships and neo-panamax LNG carriers. Quijano added that the Koreans are also going into maintenance, refurbishing and retrofitting of ships to help use up capacity during the current slow times while also making use of opportunities ahead of new regulations by 2020. Page 3 Conference Programme Day 3 | Thursday, 27 April 2017 0830 - 0930hrs OFFSHORE MARINE BREAKFAST (By invitation only) Presenting Sponsor Sponsor Session Moderator Marcus Hand, Editor, Seatrade Maritime News Speakers Rupert Banks, Regional Claims Director, Charles Taylor Mutual Management (Asia) Pte Limited, Managers of The Standard Club Asia Ltd Capt Mike Meade, Chief Executive Officer, M3 Marine Group Pte Ltd K. Murali Pany, Managing Partner, JTJB LLP Bjoern Sprotte, Managing Director, Technical Management & Services, OSM Maritime Group 0930 - 1000hrs Delegate Coffee 1000 - 1130hrs OFFSHORE MARINE FORUM: Challenges and Opportunities An international panel will revisit the highly regarded Sea Asia Offshore Marine Forum held during Singapore Maritime Week 2016, with some realistic evaluation of the energy markets and what lies ahead for the offshore marine sector. Keynote Speaker Jarand Rystad, Managing Partner, Rystad Energy Session Moderator Geir Sjurseth, Managing Director, Global Head Offshore Finance, DVB Bank SE Speakers Michael Chia, Managing Director, Keppel Offshore & Marine Limited Matthew Tremblay, Corporate Vice President Global Marine, ABS Coco Vroon, Managing Director, Vroon B.V. 1200 - 1430hrs Delegate Lunch 1430 - 1600hrs NAVIGATING CHALLENGES: The Way Forward Examination of the challenges for ship operators in the complex environment that faces the industry, with the emphasis on finding solutions. Session Moderator Capt Michael P. Elwert, Group Chief Executive Officer, Elektrans Group Speakers Angus Frew, Secretary General and Chief Executive Officer, BIMCO Peter Hinchliffe, Secretary General, International Chamber of Shipping Hideaki Saito, Director, Regulations and Standards Group, Japan Ship Technology Research Association (JSTRA) and Vice Chairman, Marine Environment Protection Committee, International Maritime Organization Tim Wilkins, Environment Director, Regional Manager Asia-Pacific, INTERTANKO Page 4 Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Seminar Theatre Timetable Sponsor Thursday, 27 April 2017 (Basement 2) 1300 - 1345hrs The Information Fusion Centre Presented by Information Fusion Centre Thursday, 27 April 2017 (Level 1) 1100 - 1245hrs Living with ECDIS Seminar Presented by United Kingdom Hydrographic Office 1400 - 1445hrs Shipping Markets, Regulation and Equipment Demand Presented by Marcus Hand, Editor, Seatrade Maritime News 1500 - 1545hrs How offshore/marine companies can leverage additive manufacturing technologies for competitive advantage Presented by 3D Matters Pte Ltd Download the Sea Asia mobile app today and stand a chance to redeem a gift pack* on-site! Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Page 5 Best Stand Awards Best Country Pavilion Award (International) Panama Best Country Pavilion Award (Regional) Japan Best Overall Stand Award Sembcorp Marine Ltd Best Product Demonstration Award Pyrotek Best Use of Space Award Inmarsat Global Ltd Best Experiential Award Alphatron Marine Systems Pte Ltd Best Large Stand Award (More than 30sqm) Mwani Qatar - Qatar Ports Management Company Best Small Stand Award (12 - 18sqm) Pio-Ship Design & System Integrate Pte Ltd Page 6 Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Singapore tops maritime capitals of the world ranking Singapore has clinched the top spot in Menon’s Leading Maritime Capitals of the World Report (Menon Report) for 2017, and the country is projected to remain well positioned for the industry up to 2022 and beyond. This is the third edition of the maritime report where Singapore was also ranked first in 2015 and 2012. The latest Menon Report, developed by Norwegian consultancy firm Menon Economics, was launched at Singapore Maritime Week 2017, with the results announced at Sea Asia conference held on Wednesday. Singapore was ranked number one in three categories – Shipping, Ports and Logistics, and Attractiveness and Competitiveness. The republic also scored good results in the remaining two categories – second place in Maritime Technology and fourth place in Finance and Law. The cities behind Singapore’s number one position are Hamburg in second spot, Oslo in third, and Shanghai and London taking fourth and fifth spots respectively. The Menon Report is a widelyaccepted study of the world’s leading maritime capitals, looking at 24 objective indicators and garnering survey responses from more than 250 industry experts across the world. Andrew Tan, chief executive of Maritime and Port Authority of Singapore (MPA), said: “We are deeply honoured yet humbled by this recognition from the international maritime industry. This will spur us to work harder to make Maritime Singapore the global maritime hub of choice. We are truly grateful to all our partners and stakeholders for walking with us every step of the way.” Choice of vessels’ hull coating crucial to efficient operations: Hempel T he choice of marine coating on a vessel’s hull is a critical consideration for operators in view of the impact on fuel consumption and associated carbon dioxide (CO2) emissions, according to Hempel. The coatings manufacturer pointed out that a clean and smooth hull reduces friction between the ship and the sea, making the movement of the ship through the water more streamlined and efficient, thereby reaping fuel savings and reducing emissions as well. With the tough business environment in global shipping, Hempel understands that operators are seeking sustainable solutions to meet efficiency needs. At the Sea Asia 2017 this week, Hempel [B2-R09] is and is showcasing its innovative fouling-defence coating, Hempaguard. Launched in 2013, Hempaguard delivers a significant 6% fuel saving compared to best-inclass antifoulings over the entire service interval, and has shown outstanding resistance to fouling including during idle periods of up to 120 days. Hempaguard uses an advanced combination of hydrogel-silicone ,and an efficient fouling-preventing biocide in a single coat, releasing 95% less biocide than traditional antifoulings, giving higher efficiency and Sea Asia 2017 Today - Issue 3 | www.sea-asia.com The Menon Report noted that Singapore was able to maintain its reputation as a world leading maritime hub due to the width of the city-state’s maritime industry. In the sectors of Shipping, and Ports and Logistics, the littoral state emerged first due to its strategic geographic location as well as its position as an important centre for commercial management and the world’s second-largest port, the report mentioned. Singapore ranked top in overall Attractiveness and Competitiveness due to the ease of doing business and customs procedures. According to the report, seven in 10 experts regarded Singapore as one of the three most attractive cities in the world for relocating their headquarters, and also identified it as one of the Maritime Capitals most prepared and ready to adopt digitalisation. At the Sea Asia conference presentation, Erik Jakobsen, partner and chairman of the board, Menon Economics, said: “We believe that the most important element (for Singapore’s success) is the long-term consistent political strategy... and the strong co-operation between the government and the industry.” Additionally, in making predictions about the world’s leading maritime capitals five years ahead, the majority of industry experts surveyed shared the view that Singapore will remain the most important city, with many believing that the country has strong capabilities to handle digital transformation in the maritime and shipping industry. better environmental performance. Significantly, Hempaguard retains its effectiveness when switching between slow and normal steaming, giving fleet operators unrivalled flexibility over their fleet utilisation, providing competitive advantage in a difficult market. Hempel cited that international tanker owner Euronav has been applying Hempel silicone coatings since 2007 and was keen to try this new technology. An application of Hempaguard was applied to the VLCC Famenne, which mainly trades in warm waters that are prone to aggressive fouling. Inspections at 23 months and 45 months confirmed that Hempaguard continued to deliver a clean and smooth hull. These positive results have encouraged Euronav to switch a number of its vessels to Hempaguard. “Hempel’s R&D efforts continuously focus on bringing top coating solutions to the marine industry, ensuring the company offers products and services that contribute to optimising a vessel’s performance and minimising operational costs across its life cycle,” Hempel stated. Page 7 No stopping the digital revolution in shipping B ig changes are coming in shipping, and they are being driven by technological advances as well as changes in the mindset as the centre of gravity of shipping moves to Asia. Speakers on the Sea Asia panel on The Fourth Industrial Revolution all agreed that the digital revolution will play a major role in the future of shipping as the industry responds to market demands. Inmarsat senior vp for safety and security Peter Broadhurst conceded that while the old European-dominated model of shipping had been very conservative in the adoption of new technology, this is changing as more Asian ship owners rise to prominence. “There are lots of people trying to fuel that innovation… there is a better world for shipping out there but it will mean change and that means the more conservative attitudes have to fall away,” Broadhurst said. “Shipping is going to face a big change, and it Oskar Levander will be disruptive,’ said Rolls-Royce Marine vp for innovation, engineering and technology Oskar Levander. He noted that while it might be threatening for some, it would open up a lot of opportunities and all this would be driven by digitalisation. “It will change the way we operate the ships, manage them and the hardware and the business mindsets,” Levander said. “The way we operate ships will be more about integrating the ships into the total logistics chain,” he said, adding that ships cannot be treated as individual units out at sea anymore but must be seen as part of a bigger process as Cobham targets smaller owners with new lightweight antenna Cobham is introducing a new superlight 60 cm antenna for high throughput broadband for all types of vessels. Page 8 Cobham sees the antenna as ideal for intra-Asian carriers and operators of smaller vessels to be able to capitalise on the benefits unlimited VSAT enables. The new antenna is constructed from lightweight materials and is compatible with all Ku-band satellites. “From the outset, the SAILOR 600 VSAT Ku was engineered to maximise performance on the smallest form factor. All vessels, including smaller tonnage, such as shor tsea shipping and fishing vessels, can now exploit the benefits of a new breed of high-throughput satellites,” said Christian Kock, senior sales director, global maritime at Cobham Satcom. The antenna features an automatic roaming capability that allows vessels to stay online when sailing between different they become integrated into the bigger logistics supply chain. “We need to think of optimising the ship in this way rather than just cutting costs,” he said, predicting that cargo owners will step in and take more control. While PSA International group technology head Oh Bee Lock pointed out how the port operator is tooling up to meet the needs of a hyperconnected world with its new port systems, he did concede that not all ship operators will be as keen to be involved. “There are different people with different views about how technology will infiltrate this space but only time will tell,” Oh said. Meanwhile addressing the issue that is always at the back of many minds when talking about greater use of technology, Microsoft Asia chief cybersecurity adviser Michael Montoya said contrary to popular concern, automation can actually help improve cybersecurity. “People cause most of our issues in operations,” he said, pointing out that about 80% of problems in typical operations centres are caused by human error. Taking an example from data centres, Montoya said that as more processes are automated, not only are errors reduced but efficiency also has gone up with each person being able to handle much more work at a higher accuracy level. coverage areas, and is able to connect to both traditional wide beam satellites and new smaller spot beams used by constellation satellites. The new antenna can also be natively configured for dual-antenna installations, eliminating a requirement for a separate dedicated switchover box and the additional complexity and cost this entails. “This is par ticularly impor tant for ships which have structures that could block the direct lineof-sight of one antenna to a satellite, which will result in link degradation and intermittent connection,” explained Jens Ewerling, director, maritime broadband for Cobham. The switch-over to the second antenna takes less than a second. The antenna is also fitted with shock and vibration sensors, from which data can also be retrieved for remote diagnostics and analysis. “Together this information allows service providers to monitor and pro-actively maintain the antenna to ensure uninterrupted connectivity on board as well as ensure that service level agreements (SLAs) are met,” added Ewerling. Sea Asia 2017 Today - Issue 3 | www.sea-asia.com WHY BVI FOR SHIPPING? The BVI is committed at all levels to the development of our maritime industry in full compliance with international standards. Today, more than 3000 internationally-owned ships are registered by VISR. The BVI is the Yachting Mecca of the Caribbean, equipped with modern state-of-the-art facilities, berths, accommodation, supplies and services. VISR is a member of the Red Ensign Group. Ships ying the Flag are entitled to British Diplomatic/Consular support and Royal Navy Protection. Competitive registration and annual maintenance fees. VISR is specialised in Yacht registration and our Certificates are recognised worldwide. Full corporate, legal, telecommunications and courier services are readily available in the BVI. VISR’s prompt, courteous and efficient service is supported by a fully computerised Fleet Management System and Database. Registered ownership is permitted to citizens of, and companies registered in BVI, UK and all British Territories.Likewise, those of the EU, CARICOM and OECS are eligible for registration as Owners of BVI Ships. Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Page 9 KNL Networks working towards a hybrid communications future T he name KNL Networks is a relatively new one in the maritime communications sphere having launched around nine months ago. In a crowded market place the Finnish company is offering something different relying on terrestrial based communications to provide connectivity to shipping. The idea of using shortwave radio may sound old-fashioned, but it has been used to develop what KNL ceo and founder Toni Linden sees as part of a hybrid communications future. “We took only the physics of shortwave radio and built a totally new kind of digital radio system utilising the latest software. Basically what that allows us to do is to provide truly global communications that are very reliable and secure,” Linden told Sea Asia Today. Each user of the system also acts as a base station providing a global mesh network. Linden says the range of each base station is such that the company only required a handful users to have full global coverage, which it has had for some time. With each user acting as a base station when in port or close to the shore, the KVH offers flexible marine satellite plan In the current fluid ship transaction market owners are being offered a very practical solution to the issue of bringing satellite communications systems onboard that are easily transferred and at a Vivian Quenet competitive price. Leading provider of inmotion satellite TV and communications systems KVH Industries has launched AgilePlans, what it dubs an all-inclusive Connectivity as a Service (CaaS) offering for the maritime industry. AgilePlans provides the onboard hardware as well as includes installation cost and is based on monthly subscriptions with no long-term commitment period so subscribers can end a subscription at any time without penalty. For a single monthly fee, AgilePlans by KVH brings an advanced satellite communications solution onboard without costly capital expenditure or long-term commitment. The subscription fee is as low as $499 a month for a complete package including hardware, connectivity, installation at selected ports, entertainment and training content, and global support. The plan is designed to enable customers to adjust quickly to changing market conditions and support fleet expansion or contraction as needed, KVH said. Therefore an owner need not worry if a ship is sold soon after subscribing to the system. The plan can simply be terminated or left to the new owner to deal with, and meanwhile the company can still benefit from an onboard satellite communications system that is addition of new users does not mean greater competition for bandwidth as new users also add bandwidth to the network. Currently KNL is offering two services, one-based on shortwave radio for global communication of business critical data using limited bandwidth, and a global broadband offering for near shore and in port. In 2018 the company is planning to roll out an LTE type of connectivity that covers 80% of main shipping routes. “What we are doing now is working more and more towards hybrid communications because we believe this is where the future is,” Linden said. Just last week KNL partnered with Jason Electronics [B2-H01] as a distributor in Singapore. designed to deliver everything a fleet needs for better communications and improved operational efficiency at sea. “Connectivity as a Service makes real sense, bringing simplicity, accessibility, and scalability without the need for up front capex, so the AgilePlans service from KVH is groundbreaking in that respect. But this isn’t just about cutting costs, it’s about delivering value, which makes the inclusion of crew content and eLearning in the KVH offering really significant,” said KD Adamson, futurist and founder of Futurenautics Group. The AgilePlans service complements existing purchase and lease options offered by KVH, so users switching to the plan will be given various options if they are already on other plans offered by KVH, said coo Brent Bruun. “This has been welcomed by ship owners and is a way of future proofing the system,” added KVH Asia-Pacific sales vp Vivian Quenet. Teignbridge partners ETI to develop fuel efficient propulsion system T eignbridge Propellers International Limited [B2-E19] is partnering with the Energy Technologies Institute (ETI) to develop a high efficiency propulsion system for ships with an aim to reduce fuel consumption. The two-year project aims to develop a commercially viable system that can be retrofitted to a variety of vessel types. “Unlike other forms of transport it is difficult to replace fossil fuels in marine vessels with low carbon alternatives so increasing fuel efficiency Page 10 will become progressively more important if emissions and costs are to be reduced for the shipping industry,” said Deborah Stubbs, ETI’s high efficiency propulsion system project manager. “This project will develop a commercially viable product suitable for a wide range of vessel types and capable of being retrofitted to ensure it is attractive to shipowners and operators,” Stubbs said. “It is one of a number of demonstration projects the ETI is running which, when used in combination, could reduce fuel consumption by up to 30% and cut the carbon emissions from shipping in a cost effective manner,” she added. David Duncan, chairman of Teignbridge, commented: “The project will be helped by the use of the dedicated research test vessel presently under construction for Teignbridge Propellers.” The research test vessel, which is a floating laboratory, is capable of testing a range of propellers from slow speed with high bollard pull to high speed in excess of 40 knots. Sea Asia 2017 Today - Issue 3 | www.sea-asia.com Headline ABS develops industry-leading guidance for container lashing T he increasing size of containerships, higher container stacks, flexible bridges and increased stack weights have together made the task of securing containers safely an evermore complex endeavour for operators and crews. In 2007, the largest proportion of the global container fleet could be found among vessels able to carry 2,900 teu of or less. Vessels within the panamax category and smaller comprised nearly 90% of the fleet. The trend since then has been for consistent increases with workhorse vessels on the main Asia-Europe trade that are now often within the 17-20,000 teu segment. These larger containerships, featuring higher stacks with increased weights have introduced new complexities in securing containers. In response, leading classification society ABS [B2-E01] has released the enhanced ABS Guide for Certification of Container Securing Systems (Lashing Guide) and new companion software, ABS C-LASH™. ABS worked with global owners, designers and shipyards to develop and deliver the industry’s most comprehensive guidance and software, bringing safety and efficiency to a new level. Central to the Lashing Guide is a newly developed nonlinear lashing analysis procedure that represents a significant improvement over traditional formulas for container securing. Coupled with new easy-touse software that simplifies analyses of container lashing arrangements, the resources are a game changer for safety and operational performance in the containership sector. “The innovative methodology used in the container lashing analysis is unique to ABS,” says ABS executive vice president for global marine Kirsi Tikka. “By applying a smarter approach to lashing systems, owners and operators can make better decisions on container loads and find new efficiencies in their current onboard arrangements.” Used with the ABS C-LASH software, the Guide helps users evaluate mixed, external and internal lashings at multiple tiers and multiple lashing points, twist-lock gaps in both vertical and horizontal directions and the effect of lashing bridge flexibility. The advanced ability to account for these variables allows owners and operators to make smarter and more informed decisions on cargo distribution and lashing arrangements. The ABS C-LASH software solution provides a user-friendly experience with a computational engine that solves 26 interrelated nonlinear equations. ABS C-LASH was developed and refined over two years in close cooperation with owners, shipyards and lashing system designers. For more than 50 years, ABS has been a trusted technical adviser for the containership sector. From the very first containership in operation to today’s most advanced ships, no other class society has a comparable track record for aiding the containership sector in identifying and leveraging new concepts to improve operations, protect the environment and enhance safety. Contributed by Matthew Tremblay, ABS vice president of containership Nautisk extends FlatFee service to include digital publications Digital maritime navigation provider Nautisk [B2-F21] has enhanced its FlatFee service, following on from its initial release in 2016, with the inclusion of digital publications and Flag State Regulations. Nautisk FlatFee is a tailor-made solution that simplifies budgetary planning for electronic navigational charts (ENCs) and digital publications with the introduction of a fixed pricing structure. FlatFee’s single invoice per vessel set up enables customers to benefit from a fixed price for ENCs (AVCs or Primar), according to Nautisk. Users would be able to download charts and permits, export to ECDIS, and sail without needing to check that licenc es are up to date or pay for ENCs on a per voyage basis. Users can also choose flexible voyage options with the option of a primary zone, additional zones or worldwide licence. “Nautisk FlatFee is available in a number of accessible bundles (Paper Bundle, Digital Bundle, Navi Bundle, NaviTab, NaviLite Bundle), all of which have been put together to meet the demands of users with differing fleet requirements and budgets,” Nautisk stated. Meanwhile, Nautisk is working with Misje Rederi to provide NaviTab to its entire fleet. Nautisk claimed that NaviTab is the industry’s first digital publications library, with hundreds of maritime publications provided on a single handheld tablet, accessible both online and offline. standard-club.com The Standard for Service and Security The Standard Club Asia Ltd is incorporated in Singapore and provides P&I, Defence and War risks insurance to shipowners and ship operators in the Asia Pacific region. @StandardPandI The Standard P&I Club This Advert is published on behalf of The Standard Club Asia Ltd by the managers: Charles Taylor Mutual Management (Asia) Pte. Limited 140 Cecil Street, #16-00 PIL Building, Singapore 069540 Telephone: +65 6506 2896 Emergency telephone: +65 6506 2896 Email: [email protected] Website: www.standard-club.com The Standard Club Asia Ltd is regulated by the Monetary Authority of Singapore. 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