Day: November 6, 2024

Digital solution can limit time at port and maximise cost savings

Milbros UV Graph

An example of a UV Graph. Source is Milbros/Veson Nautical.

BOSTON and LONDON, Nov. 06, 2024 (GLOBE NEWSWIRE) — Milbros, a Veson Nautical solution and the industry’s most reliable and extensive database of liquid bulk products, has launched Milbros UV Graphs, a product aimed at revolutionizing traditional tank cleaning practices across fleets worldwide.

Milbros UV Graphs have been developed to work with a spectrophotometer, a machine now being installed on ships that accepts a sample of the residue, or wash water from the tank. The machine measures the absorbance of light at different wavelengths, including the ultraviolet (UV) range.

Partnered with a UV graph, the data shows how much UV light is absorbed at specific wavelengths, helping you identify any remaining tank contaminants. At present, Milbros offers at least 250 of these UV graphs with the number expected to rise.

Clients can download the required chemical chart and use the onboard spectrophotometer to create a graph. If the graph’s reading is below 100 parts per million (ppm), the tank is clean. If not, the graph will indicate how much contaminant could still be present, allowing the cleaning team to accurately calculate how much more cleaning needs to be done.

“Maritime shipping companies are facing increased pressure to limit their time at port and maximize cost savings,” Capt. Caspar Lavall, Principal Product Manager at Milbros says. “Milbros UV Graphs offers charterers, shipowners, and surveyors a safer, more efficient approach which maintains compliance while growing their bottom line.”

Milbros UV Graph

^{Source: Milbros, Veson Nautical}

Capt. Lavall adds that chemical tanker cleaning is a rigorous component of safe cargo handling, and if not done correctly, can lead to environmental safety hazards, ruined cargoes, delays, and unnecessary costs.

These costs can include both recleaning of tanks that remain contaminated as well as over cleaning tanks when it is not required. UV Graphs can ensure that neither scenario affects the turnaround time of vessels whilst in port.

The use of UV Graphs complements traditional chemical tanker cleaning methods which require crews to enter confined spaces to sample various sections of the tank, exposing them to harmful chemicals. Using a UV Graph reduces the number of tank entries by allowing operators and crew to perform most of the inspections remotely.

UV Graphs are also trusted by many surveyors as a valid proof of tanker inspection and are speeding up the approval processes by allowing operations teams to submit results via email.

“The chemical tanker sector is facing new and complex challenges and having the right digital tools in place to successfully manage the risks that come with preparing vessels for volatile cargoes is vital,” Capt. Lavall concludes. “Milbros UV Graphs is a digital solution that can help establish a competitive advantage in the market.”

Editor’s Notes

• Milbros UV Graphs are streamlining chemical tank cleaning and offer a safer more cost-effective solution. To learn more about how you can safely clean cargo tanks while minimizing port congestion and growing your cost savings please click here.

About Veson Nautical

Veson Nautical empowers the global maritime industry to navigate compounding complexity on all sides of the trade. Multi-jurisdictional regulations, geopolitical disruptions, decarbonization, cybersecurity threats, and more are forcing industry participants to recalibrate their risk tolerance. By combining trusted maritime data with built-for-purpose workflows, Veson gives clients the decision-making confidence to manage risk and maximize profit. With a heritage of innovation and expertise across all maritime related contracts, Veson serves more than 38,000 users across 2,400 companies in more than 100 countries and is uniquely positioned to enable a decision advantage. Learn more at www.veson.com.

For more information please contact:

Veson Nautical Press Team

Kevin Baxter
kbaxter@veson.com
press@veson.com
Tel: +44 (0)20 3397 0102

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10620ed3-d997-44ea-b9f7-805cbc030af3

GlobeNewswire Distribution ID 9268588

HONG KONG SAR – Media OutReach Newswire – 6 November 2024 – At the Future Investment Initiative Institute 8th Edition (FII8), held from 29th October to 31st October in Riyadh, Saudi Arabia, the Hong Kong Science and Technology Parks Corporation (HKSTP) made significant strides in bridging Hong Kong and the Middle East’s innovation and technology (I&T) ecosystems and capital investment.

Witnessed by the HKSAR Financial Secretary Paul Chan (first from right) and FII Institute’s CEO Richard Attias (first from left), Albert Wong, CEO of HKSTP (second from right) and Rakan Tarabzoni, COO of FII Institute (second from left) signed a strategic partnership.

Witnessed by the Hong Kong Special Administrative Region’s (HKSAR) Financial Secretary Paul Chan and FII Institute’s CEO Richard Attias, HKSTP’s CEO Albert Wong signed a strategic partnership with FII Institute’s COO Rakan Tarabzoni, making FII Institute a Global Strategic Partner of HKSTP’s Global Connect programme, which will connect 20 high-potential Middle Eastern companies annually to Hong Kong, and vice versa. HKSTP has also been recognised as part of FII Institute’s Investment Ecosystem.

Richard Attias, CEO of the FII Institute, applauded this partnership stating, “Today, we proudly welcome HKSTP into FII Institute’s Investment Ecosystem. Together, we will foster an environment where ideas flourish, investments thrive, and a new era of growth is realised, paving the way for a sustainable future.”

In addition, HKSTP also signed a partnership agreement with Beta Lab, where HKSTP will introduce its Park companies to the venture capital firm, providing them an opportunity to access Beta Lab’s new US$300 million investment fund.

Led by CEO Albert Wong, HKSTP’s unprecedented delegation of 25 tech ventures explored new business and investment opportunities at FII8, which is part of HKSTP’s “Innovation Mixer” initiative. Seven of them secured partnerships with Middle Eastern partners to drive meaningful impact on humanity and economic growth. HKSTP also hosted the “Hong Kong Tech Disrupt” reception on the sidelines of FII8 to introduce the capabilities of HKSTP’s robust I&T ecosystem and showcase Park companies’ world-class innovations to the broader community of Middle Eastern investors and business partners.

The nine partnership agreements mark a milestone in the Hong Kong government’s broader initiative to strengthen ties with the Middle East in technological advancement, economic development and investment opportunities between the two regions — priorities outlined in Hong Kong’s latest Policy Address in mid-October. This also aligns with HKSTP’s Go Global vision and commitment to advancing Hong Kong into an international I&T hub.

Albert Wong, CEO of HKSTP said, “These groundbreaking collaborations reflect a shared commitment to strengthening our collaboration in creating opportunities for tech ventures from both regions to reach their highest potential. It also demonstrates our bold vision to drive progress in scientific, economic, and technological development for a better future. As a cradle and springboard for world-class innovation, HKSTP will continue to support our Park companies in unlocking the boundless potential of technology through cross-border collaboration with our Middle Eastern partners.”

Seven HKSTP Park companies signed MoUs with Middle Eastern organisations under the witness of the HKSAR Financial Secretary Paul Chan (middle of back row), Albert Wong, CEO of HKSTP (left of back row) and Nicholas Ho, HKSAR Commissioner for Belt & Road (right of back row)

Key highlights of the seven partnerships signed between HKSTP’s and Middle Eastern enterprises or organisations:

• In logistics and connectivity, Westwell is partnering with Ports Services & Storages, to integrate smart technology in logistics, container yard and supply chain activities in the Middle East and North Africa. Furthermore, Kian Alraqmiah Company’s introduction of Altai’s industrial-grade Wi-Fi solutions into Saudi Arabian container terminals and industrial zones will bring cutting-edge automation and connectivity to streamline regional trade.
• In AI and robotics, FJ Dynamics, a leading robotics and automation solutions provider for industries like agriculture, construction, and landscaping, is partnering with Saudi-based Sintechs to enhance robotics technology and marketing perspectives across critical industries, aligning with the Gulf region’s tech-forward vision. Manifold Tech’s AI-powered spatial intelligence solution will empower Geo Tech to collect, manage, and analyse large amount of real-time geospatial data more efficiently, raising industry standards. Nasla Tourism will deploy XKool’s AI-powered construction management solution in its latest sport-themed park.
• In sustainability and green tech, the MoU between Volar Air Mobility and Aeronautica Aviation exchange knowledge and optimise both of their expertise to advance electrical aircraft operation in the Middle East.
• In wellness and health tech, innovative health wearable devices company Ninenovo will leverage Techmart Corporate’s distribution network to expand in the UAE, Oman, Bahrain, Qatar and Kuwait, enriching consumer options for the Middle East fast-growing wellness-focused market.

Park company Archireef, a global pioneer of 3D-printed terracotta reef tiles for ocean restoration, was also voted “Audience Choice Award” at the FII8 Innovators Pitch Competition, competing against five up-and-coming startups from around the world.