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Signal Expands Tanker Chartering Academy

This article examines recent progress and initiatives by the shipping industry to meet new IMO targets and provides Signal Ocean Platform data on emissions developments and trends.

The Signal Group
April 2, 2024

Signal, the diversified shipping services group, whose activities include commercial ship management, software development and investments, has opened up access to its online Tanker Chartering Academy for all. The free to view 10-module program has been created to explain the entire process of fixing a vessel as well as tanker operations, port disbursements and post-fixture activities. See www.thesignalgroup.com/academy for further details.

The Academy program was initially created to help the fast-growing Signal train its shipping professionals, software engineers, and data scientists to ensure that they understand the fundamentals of the tanker shipping business. It is now being made available to Signal customers, partners and the wider shipping & trading community to provide entry level knowledge.

Signal founder Ioannis Martinos said:

“Shipping companies have big digital ambitions, but to deliver on those they need to attract and onboard talent which often has little or no exposure to our industry. How can you build and deploy helpful solutions if your technologists don’t understand the shipping business? Having struggled with this in the past, we built a program based on what really happens in the tanker chartering setting. We’ve had great internal success with it, so we wanted to share with others.”

He added:

“Signal was founded with the vision to bring shipping and technology together.”

Over the past five years, Signal has taken on over 100 technologists in London and Athens to develop its suite of digital services. The Signal Ocean platform continuously processes and combines streams of private and public data such as AIS, tonnage lists, cargo lists, vessel positions, port costs, port line-ups, emissions and freight rates.

Using advanced algorithms and AI, data is transformed into private and actionable insights on the freight market. Users can track supply, demand and rates in freight markets, optimally match vessels to cargoes, run profitability comparisons, consider CO2 emissions and use Signal’s patented technology to track and forecast vessel movements across the globe.

Tanker Chartering Academy modules:

·         Tanker shipping basics

·         Introduction to tanker chartering

·         Tanker chartering daily routine

·         Cargo selection

·         Fixing negotiation

·         Tanker operations ecosystem

·         Tanker operations key actions

·         Bunkering function

·         Port cost management

·         Post fixture operations

Access the Tanker Chartering Academy: www.thesignalgroup.com/academy

Creating a sustainable world requires us to embark on a journey towards a zero emission future, where every step is a commitment to preserve our planet for future generations.
Albert Greenway
Environmental Scientist, Sustainability Expert
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Increased Use of Renewable Energy:

Shipping companies are embracing renewable energy sources to power onboard systems and reduce emissions during port operations. Solar panels and wind turbines are being installed on vessels to generate clean energy, reducing reliance on auxiliary engines, and cutting down emissions. Shore power facilities in ports allow ships to connect to the electrical grid, eliminating the need for onboard generators while docked.

Collaboration and Industry Partnerships:

Recognizing that addressing emissions requires collective action, shipping companies, governments, and organizations have formed partnerships and collaborations. These initiatives focus on research and development, sharing best practices, and promoting knowledge transfer. Joint projects aim to develop and deploy innovative technologies, improve infrastructure, and create a supportive regulatory framework to accelerate the industry's transition towards a greener future. The Zero Emission Shipping - Mission Innovation.

To pave the way for a greener future in shipping, the availability of alternative fuels plays a vital role in their widespread adoption. However, this availability is influenced by factors such as port infrastructure, local regulations, and government policies. As the demand for cleaner fuels in shipping rises and environmental regulations become more stringent, efforts are underway to improve the accessibility of these fuels through infrastructure development, collaborations, and investments in production facilities.

Liquefied Natural Gas (LNG) infrastructure has seen significant growth in recent years, resulting in more LNG bunkering facilities and LNG-powered vessels. Nonetheless, the availability of LNG as a marine fuel can still vary depending on the region. To ensure consistent availability worldwide, there is a need for further development of LNG supply chains and infrastructure. For biofuels, their availability hinges on production capacity and the availability of feedstock. Although biofuels are being produced and utilized in various sectors, their availability as a marine fuel remains limited. Scaling up biofuel production and establishing robust supply chains are imperative to ensure wider availability within the shipping industry.Hydrogen, as a fuel for maritime applications, is still in the early stages of infrastructure development. While some hydrogen vessels have been tested or introduced in the first quarter of last year, the infrastructure required for hydrogen production and distribution needs further advancement.

Ammonia, as a marine fuel, currently faces limitations in availability. The production, storage, and handling infrastructure for ammonia need further development to support its widespread use in the shipping industry.Methanol, on the other hand, is already a commercially available fuel and has been used as a blend with conventional fuels in some ships. However, its availability as a standalone marine fuel can still be limited in certain regions. Bureau Veritas in October 2022 published a White Paper for the Alternative Fuels Outlook. This white paper provides a comprehensive overview of alternative fuels for the shipping industry, taking into account key factors such as technological maturity, availability, safety, emissions, and regulations.

Creating a sustainable world requires us to embark on a journey towards a zero emission future, where every step is a commitment to preserve our planet for future generations.
Albert Greenway
Environmental Scientist, Sustainability Expert

Increased Use of Renewable Energy:

Shipping companies are embracing renewable energy sources to power onboard systems and reduce emissions during port operations. Solar panels and wind turbines are being installed on vessels to generate clean energy, reducing reliance on auxiliary engines, and cutting down emissions. Shore power facilities in ports allow ships to connect to the electrical grid, eliminating the need for onboard generators while docked.

Collaboration and Industry Partnerships:

Recognizing that addressing emissions requires collective action, shipping companies, governments, and organizations have formed partnerships and collaborations. These initiatives focus on research and development, sharing best practices, and promoting knowledge transfer. Joint projects aim to develop and deploy innovative technologies, improve infrastructure, and create a supportive regulatory framework to accelerate the industry's transition towards a greener future. The Zero Emission Shipping - Mission Innovation.

To pave the way for a greener future in shipping, the availability of alternative fuels plays a vital role in their widespread adoption. However, this availability is influenced by factors such as port infrastructure, local regulations, and government policies. As the demand for cleaner fuels in shipping rises and environmental regulations become more stringent, efforts are underway to improve the accessibility of these fuels through infrastructure development, collaborations, and investments in production facilities.

Liquefied Natural Gas (LNG) infrastructure has seen significant growth in recent years, resulting in more LNG bunkering facilities and LNG-powered vessels. Nonetheless, the availability of LNG as a marine fuel can still vary depending on the region. To ensure consistent availability worldwide, there is a need for further development of LNG supply chains and infrastructure. For biofuels, their availability hinges on production capacity and the availability of feedstock. Although biofuels are being produced and utilized in various sectors, their availability as a marine fuel remains limited. Scaling up biofuel production and establishing robust supply chains are imperative to ensure wider availability within the shipping industry.Hydrogen, as a fuel for maritime applications, is still in the early stages of infrastructure development. While some hydrogen vessels have been tested or introduced in the first quarter of last year, the infrastructure required for hydrogen production and distribution needs further advancement.

Ammonia, as a marine fuel, currently faces limitations in availability. The production, storage, and handling infrastructure for ammonia need further development to support its widespread use in the shipping industry.Methanol, on the other hand, is already a commercially available fuel and has been used as a blend with conventional fuels in some ships. However, its availability as a standalone marine fuel can still be limited in certain regions. Bureau Veritas in October 2022 published a White Paper for the Alternative Fuels Outlook. This white paper provides a comprehensive overview of alternative fuels for the shipping industry, taking into account key factors such as technological maturity, availability, safety, emissions, and regulations.

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BACK TO STORIES

Signal Expands Tanker Chartering Academy

Posted by
The Signal Group
|
June 20, 2023

Signal, the diversified shipping services group, whose activities include commercial ship management, software development and investments, has opened up access to its online Tanker Chartering Academy for all. The free to view 10-module program has been created to explain the entire process of fixing a vessel as well as tanker operations, port disbursements and post-fixture activities. See www.thesignalgroup.com/academy for further details.

The Academy program was initially created to help the fast-growing Signal train its shipping professionals, software engineers, and data scientists to ensure that they understand the fundamentals of the tanker shipping business. It is now being made available to Signal customers, partners and the wider shipping & trading community to provide entry level knowledge.

Signal founder Ioannis Martinos said:

“Shipping companies have big digital ambitions, but to deliver on those they need to attract and onboard talent which often has little or no exposure to our industry. How can you build and deploy helpful solutions if your technologists don’t understand the shipping business? Having struggled with this in the past, we built a program based on what really happens in the tanker chartering setting. We’ve had great internal success with it, so we wanted to share with others.”

He added:

“Signal was founded with the vision to bring shipping and technology together.”

Over the past five years, Signal has taken on over 100 technologists in London and Athens to develop its suite of digital services. The Signal Ocean platform continuously processes and combines streams of private and public data such as AIS, tonnage lists, cargo lists, vessel positions, port costs, port line-ups, emissions and freight rates.

Using advanced algorithms and AI, data is transformed into private and actionable insights on the freight market. Users can track supply, demand and rates in freight markets, optimally match vessels to cargoes, run profitability comparisons, consider CO2 emissions and use Signal’s patented technology to track and forecast vessel movements across the globe.

Tanker Chartering Academy modules:

·         Tanker shipping basics

·         Introduction to tanker chartering

·         Tanker chartering daily routine

·         Cargo selection

·         Fixing negotiation

·         Tanker operations ecosystem

·         Tanker operations key actions

·         Bunkering function

·         Port cost management

·         Post fixture operations

Access the Tanker Chartering Academy: www.thesignalgroup.com/academy

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