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Zero carbon emission goal, development of eco-friendly clean fuel ammonia gas turbine technology Establishment of eco-friendly fuel conversion cooperation with a major LNG carrier shipping company in Greece SEOUL, South Korea, Sept. 20, 2024 /PRNewswire/ -- Hanwha Power Systems, a total energy equipment and marine solutions company of Hanwha Group, signed a memorandum of understanding (MOU) with GasLog to convert its LNG carrier propulsion system to an ammonia gas turbine at Gastech 2024 held in Houston on September 19. Through this agreement, the two companies will discuss in more detail the demonstration plan to replace the existing fossil fuel powered vessels with eco-friendly ammonia gas turbines. In August, Hanwha Power Systems and Hanwha Ocean with the support of GasLog completed preliminary engineering and economic feasibility reviews for LNG carrier retrofitting. Following the signing of this MOU, Hanwha Power Systems and GasLog, as strategic partners, will continue their collaboration focusing on performance, economic and compliance assessments from a comprehensive perspective to promote the application of ammonia gas turbines in vessel retrofits. Meanwhile, in recent years, the shipping and shipbuilding industry has faced serious challenges in the face of carbon emission reduction regulations led by international organizations such as the International Maritime Organization (IMO) and the European Union (EU). In anticipation of this new reality, Hanwha Power Systems, through its affiliate, Power Systems Mfg., LLC (PSM), located in the United States, has been actively developing an innovative Ammonia (NH3) Combustion System to meet the anticipated requirements of the IMO and EU "Fit for 55". These development activities include a successful full-scale, high-pressure test campaign. The PSM Ammonia Combustion System is planned to be implemented with a gas turbine intended for this propulsion power application. Hanwha Power Systems' move is attracting a lot of attention from shipowners who currently lack suitable alternatives for carbon reduction. Ongoing discussions are also taking place with some major ship owners. In particular, ship owners point out that ammonia gas turbines do not require pilot oil during normal operation, whereas engines typically use pilot oil at all operating points. For a gas turbine using ammonia fuel it is possible to operate completely carbon-free, or operators can freely mix ammonia and natural gas so that they can respond flexibly and economically to future regulations. The gas turbine will generate a negligible amount of methane slip, even if natural gas is used as fuel. Feasibility studies are ongoing for other potential fuels that could be used. After Hanwha Group acquired Hanwha Ocean, Hanwha Power Systems launched the Marine Solutions Business Division in May last year to promote ship modification and upgrades, ship availability and services, and eco-friendly fuel propulsion vessel business based on eco-friendly fuels. In particular, within about a year of the launch of the Marine Solutions Business Division, the company has signed contracts with the world's leading shipping companies for LNG Reliquefaction Unit retrofit work for LNG carrier, cargo carrying capacity improvement retrofit work for container ships, and installation of energy saving devices. Through this, it has been recognized for its technology and capabilities as a comprehensive solutions company, and is growing rapidly in the ship eco-friendly retrofitting market. The agreement is expected to play an important role in accelerating the transition to green fuels and could become a game-changer for many shipowners to tackle the carbon emissions challenges they face. Justin Lee, CEO of Hanwha Power Systems, said, "If the demonstration of ammonia gas turbines for ship propulsion is successful, it will be a major turning point in the global shipbuilding and shipping industry paving the way for eco-friendly fuel propulsion in vessels."
BEIJING, Sept. 8, 2024 /PRNewswire/ -- More than 600 dignitaries and representatives from sectors of shipping, trade, finance and technology in the world attended the 6th Silk Road Maritimes International Cooperation Forum, which kicked off on Saturday in Xiamen city, East China's Fujian Province. Themed with "Integrating Ports, Shipping and Trading Services," the forum, featuring four sub-forums in specially designated topics, is expected to strengthen the connection and collaboration between upstream and downstream of the industrial and value chains, providing efficient trade solutions for international transport industry. During the opening ceremony of the forum, Silk Road Maritime Association (SRMA), the organizer, launched the 2024 Silk Road Maritime Blue Book and the Silk Road Maritime Ports, Shipping, and Trade Service Integration Initiative, which aims to standardize the association's services and promote international trade and ocean shipping. In addition, SRMA released 10 new SRMA-named sea shipment routes, signed 12 cooperation agreements with 13 enterprises, and announced 13 new members of the association. As China's first maritime shipment-centered international logistics service platform under the Belt and Road Initiative, set up six years ago, the association now boasts a total of 132 named sea shipment routes, connecting 145 sea ports across 46 countries and regions, consisting of over 340 members. During the 3rd Belt and Road Forum for International Cooperation held in October 2023, China announced eight action plans aimed at pursuing high-quality Belt and Road cooperation, emphasizing that China will work to integrate ports, shipping and trading services under the Silk Road Maritime platform and accelerate the building of the New International Land-Sea Trade Corridor and the Air Silk Road. Looking ahead, SRMA will continue to innovate in integrated port, ocean shipping and trade development, exploring more dynamic and sustainable cooperation mechanism to enhance the global integration of port, shipping, and trade services.
HOVERAir X1 PRO and HOVERAir X1 PROMAX introduce industry-leading camera specs and action-centered features for effortless professional video creation CUPERTINO, Calif., Aug. 27, 2024 /PRNewswire/ -- Today Zero Zero Robotics, a pioneering tech company in intelligent devices, is thrilled to announce the launch of their crowdfunding campaign for HOVERAir X1 PRO and HOVERAir X1 PROMAX. As the first and most advanced flying action cameras, these devices take aerial videography to new heights, redefining the experience for sports enthusiasts and professional content creators. Starting from 9am PDT on August 26, 2024 on Indiegogo, the cameras are available for a special limited-time early-bird price of $399 USD for X1 PRO (MSRP $499) and $599 USD for X1 PROMAX (MSRP $699). HOVERAir X1 PRO and PROMAX, Flying Camera Gone Pro Building on the compact, foldable design and controller-free experience of the HOVERAir X1 series, the X1 PRO and X1 PROMAX introduce significant advancements in camera technology and flight performance. The X1 PROMAX captures stunning 8K/30fps video with a 1/1.3'' CMOS sensor and custom 7-layer lens, offering 14 stops of dynamic range and a 107-degree field of view, ideal for professional content creation. The X1 PRO delivers high-quality 4K/60fps video with a 104-degree field of view, with both models supporting customizable ND filters for any lighting condition. These cameras are lightweight at 191.5g (X1 PRO) and 192.5g (X1 PROMAX), featuring a durable HEM™ (Hyper-Elastic Material) frame with exceptional durability. With a maximum follow speed of 26 mph (42 km/h) and Level 5 wind resistance, the advanced AI algorithm ensures reliable person tracking even at bursts of 37 mph (60 km/h). The cameras offer 16 minutes of flight time, a maximum height of 120 meters, and can operate in temperatures as low as -4ºF (-20ºC) with the Thermo Smart Battery. The X1 PRO includes rear-side proximity sensors for active collision detection, while the X1 PROMAX enhances safety with an additional computer vision sensor. The devices are also capable of flying over any terrain, including water, snow, and off cliffs. Ready to shoot in under three seconds, both models feature intuitive controls, ample expandable storage, and access to 10+ customizable flight modes via the companion app, which supports fast downloads up to 1.2Gbps with Wi-Fi 6. Designed with snow sports and cycling in mind, both cameras offer optional accessories like the Beacon for precise tracking and real-time video, versatile one and two-handed controllers, and a Power Case that adds 40 minutes of flight time, even in -4°F. "Our goal with the X1 PRO and X1 PROMAX is to create the perfect companion fitting for the most daring solo adventurer to document epic and unique moments," said MQ Wang, Founder and CEO of Zero Zero Robotics. "We've combined cutting-edge camera technology with advanced AI-driven flight performance to create tools that empower creators to capture stunning, professional-grade content anywhere, in any environment." The crowdfunding campaign launches in tandem with Indiegogo's new Shipping Guarantee program, with Zero Zero Robotics as inaugural partner. Designed to enhance trust and reliability, the invite-only program is available to select campaign owners with a proven track record of successful crowdfunding on Indiegogo, and who are launching a campaign with products that are already in their final manufacturing stages. The Shipping Guarantee badge represents a promise that the campaigner will ship within a specific time frame as promised or backers are eligible for a full refund. "Indiegogo is dedicated to driving innovation and ensuring the success of our campaigners while protecting the interests of our backers," said Becky Center, CEO of Indiegogo. "The Shipping Guarantee program represents a significant milestone in our commitment to fostering trust within the crowdfunding community. By providing a guarantee that backers will receive their products or their money back, we are enhancing the overall crowdfunding experience and encouraging more people to support innovative projects." "We're excited to return to Indiegogo and honored to be part of the Shipping Guarantee program," continues Wang. "The incredible support from our backers in 2023 has fueled our innovation for HOVERAir X1 PRO this year. We're confident in our ability to ship on time, ensuring backers can support us with peace of mind." Media wishing to interview Zero Zero Robotics' personnel should contact PR agent Borjana Slipicevic. About Zero Zero Robotics Zero Zero Robotics, was co-founded in 2014 by Stanford Phds, MQ Wang and Tony Zhang. Zero Zero specializes in embedded AI technology to create intelligent devices characterized by machine vision and high-precision control systems. Zero Zero's team members are dreamers, engineers, inventors, and builders hailing from top universities and research institutions around the world. Its investors include IDG, ZhenFund, and other top US investors. Zero Zero holds more than 140 core patents and has pioneered new technologies, such as fully enclosed portable propeller design and bi-copter design. HOVERAir X1 PRO and PROMAX - World's First 8K Flying Action Camera
HONG KONG, Aug. 1, 2024 /PRNewswire/ -- IQAX is delighted to announce that the IQAX eBL platform has won the 2024 Outstanding Digital Solution Award at the 13th Annual China Finance Summit (CFS), jointly sponsored by syobserve. com, gongyidaily.com, and major media outlets in China. The CFS Finance Summit is a major event curated by leading financial and mass media organizations in China. Through diverse formats, the summit convenes business leaders and thinkers to explore the driving forces behind China's economic transformation and development. It has become one of the most influential platforms for intellectual exchange and thought leadership about China's economy. The IQAX eBL platform prioritizes the security of bills of lading by actively introducing technological innovations into the shipping and logistics industry. Leveraging the distributed, swift transmission, immutable and traceable nature of blockchain technology, it mitigates fraud and loss risks inherent to traditional paper bills of lading. In 2022, IQAX eBL received endorsement from the International Group of P&I Clubs (IGP&I), confirming that electronic bills of lading on the platform have the equivalent legal standing to paper bills of lading. A user-friendly and efficient experience is another key advantage provided by the IQAX eBL platform. It allows relevant trade parties to conduct e-presentations while transferring eBLs. This suits various commercial scenarios and supports bill-of-lading transfers under different payment methods. Since launching, the IQAX eBL platform has significantly improved bill-of-lading circulation efficiency for shipping supply chain users. Not only has it reduced the processing time and cost, but it has also enhanced transportation transparency and trust among trading parties by sharing important information such as the status updates of bills of lading and container movements with transport stakeholders. To date, more than 14,000 companies have registered with the platform. Many industry-leading shipping companies such as COSCO SHIPPING, OOCL and Hapag-Lloyd are linked to the IQAX eBL platform, letting users easily manage bills of lading from multiple carriers. IQAX eBL has processed over 240,000 original bills of lading issued by carriers. It has formed long-term partnerships with major Chinese banks, including Bank of China, Bank of China (Hong Kong), Bank of Communications, China Merchants Bank, Export-Import Bank of China, Pudong Development Bank, China CITIC Bank, Bank of Ningbo, and Shanghai Rural Commercial Bank. The objective is to promote and optimize more shipping finance services. Given its leading products and platform services in electronic bills of lading, the IQAX eBL successfully won a slew of awards such as the 2024 Asia-Pacific Trade Facilitation Innovation Award. It is widely recognized in the industry for using digital technologies to help realize a seamless, digital-first global shipping service system. About IQAX IQAX Limited is a global information technology company that provides intelligent digital transformation solutions using blockchain for enterprises in the logistics ecosystem. Backed by a strong heritage in container shipping, IQAX strives to foster a harmonized and connected global trade environment. As an industry leader, IQAX connects with shippers, consignees, freight forwarders, carriers, terminals, and financial institutions, and empowers them with digitized solutions to meet emerging business challenges throughout the supply chain. IQAX is an independent technology company wholly owned by Orient Overseas International Ltd. (HKEX:0316), which is in turn part of Orient Overseas Container Line (OOCL), one of the largest integrated international transport and logistics companies in the world.
BEIJING, July 12, 2024 /PRNewswire/ -- When the Tianjin International Shipping Industry Expo 2024 opened on July 10, a crowd of experts and business representatives from over 400 shipping-related enterprises, ports and industry associations worldwide gathered in Tianjin to explore the new paths and opportunities for global shipping industry. Steve Gordon, global head of Clarkson Research Services Ltd., a world-renowned shipping research institution, said that 85 percent of global trade is seaborne and "in many areas of the maritime economy, China is incredibly important and has taken on market leading positions globally". China has become the world's largest trader of goods. According to the General Administration of Customs, in the first five months of this year, China's foreign trade in goods stood at 17.5 trillion yuan (about 2.4 trillion U.S. dollars), up by 6.3 percent year on year, said Wang Shouwen, vice minister of commerce. Despite the unprecedented challenges that global shipping industry has encountered in recent years, global supply chain showcased its incredible resilience even when the COVID-19 pandemic tested its fabric and caused widespread disruptions, according to experts present at the expo. "The Red Sea threats and disruptions in the Panama Canal have added complexity to our operations, yet these events have also driven us to develop more robust and flexible solutions," said Joseph Edward Kramek, president and CEO designate of the World Shipping Council. Highlighting the paramount fight against climate change, Kramek warned that global shipping industry must lead the charge towards zero-emission fuels. "This challenge also presents a significant opportunity for innovation in green technology, opening new markets and creating sustainable growth," added Kramek. To break away from the development model that simply pursues port throughput, transformation into a model where the port drives high-quality development of port-based economy is needed, said Zhen Hong, director of the Shanghai International Shipping Institute Academic Committee. The four-day event, an international cooperation and exchange platform focusing on helping the shipping industry navigate towards the future, will last until July 13. Original link: https://en.imsilkroad.com/p/341081.html
WILMINGTON, Del, June 25, 2024 /PRNewswire/ -- Asia Shipping, a leading expert in global logistics, has expanded its partnership with WaveBL to include the use of electronic house bills of lading. This move further positioned Asia Shipping, which transferred over 17,000 master eBLs in 2023 alone, as a leader in its commitment to efficiency, security, and sustainability in global trade. "Going digital? It's not just important; it's essential for staying competitive and efficient in today's fast-paced world. The shift from paper to digital, especially with bills of lading, has been nothing short of transformative," said Alexandre Pimenta, CEO of Asia Shipping. "It's been a journey of adapting, learning, and embracing the new, which has significantly streamlined our operations. We are always looking for the smartest routes for our business." WaveBL's eBL blockchain-based solution has transformed Asia Shipping's document management, ensuring top security, efficiency, and sustainability. These solutions have notably reduced processing times, eliminated document losses, and expedited transactions, all while promoting eco-friendly practices and facilitating seamless communication with partners. "Our partnership with Asia Shipping has grown stronger with their expansion to electronic house bills of lading, showing their trust in WaveBL as their adaptable partner". Said Noam Rosenfeld, CEO of WaveBL, "Their commitment to both master and house eBLs signifies a move towards smarter, more sustainable, and customer-focused trade. We're thrilled to stand by them and shape the digital trade future together." Asia Shipping's adoption of WaveBL's eBL solution underscores the power of digital trade documentation in achieving the goal of being fully digital by 2030. Embracing both master and house eBLs is a significant step towards smarter, more sustainable, and customer-focused trade. About Asia ShippingAsia Shipping is a global logistics expert specializing in finding the best routes for customers and seamlessly moving goods across continents. Committed to innovation, efficiency, and sustainability, Asia Shipping plays a pivotal role in shaping the future of global logistics. Media contactMr. Rafael Santosrafael.santos@br-asgroup.com About WaveBLWaveBL stands at the forefront of the digital trade revolution. Our proven blockchain-based solution ensures secure, efficient, and confidential transmission of electronic trade documents. In this pivotal era for global trade, our mission is clear—making trade processes paperless, faster, cost-effective, and green! Media contactMrs. Ilan Weissilan.weiss@wavebl.com
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