• 2019 March 16 12:37

    RINA: Investing in industry 4.0 for growth

    With the so-called fourth industrial revolution comes the concept of a “smart factory”, where manufacturing processes are boosted by digital technologies including automation, the Internet of Things, cloud computing, big data and machine learning.

    Italy is the second largest manufacturing country in the EU, known for its broad scope of products, flexibility and innovation. But after the 2009 financial crisis, the Italian manufacturing base was exhausted. Machines were old. There was limited cashflow for investment. To encourage an upgrade in manufacturing assets, the Italian government introduced a “hyper-amortisation” measure in the 2017 and 2018 budgets. This tax measure basically offers a 150 percent increase in the value of investments in new tangible devices and technologies, purchased or leased, that enable the Industry 4.0 transformation. Companies can also benefit from tax relief for investments in intangible capital goods such as software and IT systems, with an additional 40 percent increase in value.

    Assets that fall under the hyper-amortisation measure are capital goods controlled by computerised systems or managed by appropriate sensors and drivers, as well as intangible assets such as software, systems and system integration platforms and applications. Investment in these assets allows better interaction between personnel, processes and machinery, speeds up decision-making, improves productivity and quality and satisfies demand in a more targeted and cost-effective way.

    In terms of success so far, this measure gets full marks: the Italian Confederation of Enterprises, Confindustria, has recorded sustained growth in all main sectors of the economy and the Ministry of Economic Development has recorded strong growth in the turnover of asset-supplying companies.

    To take advantage of the tax benefits, a formal attestation of conformity is required stating that the asset has certain specific technical characteristics and is interconnected with internal or external digital systems. In Italy, this is the first time that fiscal benefits depend upon strict technical examinations.

    RINA is one of the certification bodies accredited to issue the required attestation of conformity. The verification process spans a preliminary document analysis to an in-field verification of conformity and is carried out by a multidisciplinary team from our Certification and Industry Business Units. Over the last two years, we have performed such verifications for hundreds of companies. The process has been refined through specific monitoring tools, experimentation and sharing best practices.

    Along with certification, we are often asked to support companies with digital consulting and specific training modules. New smart and attested assets may be the building blocks of the digital transformation, but consulting and training are essential to exploit their full potential. And as a true partner to companies, we don’t just talk about digital transformation, we do it ourselves. Our RINACube cloud-based “platform of platforms” offers a space where key enabling technologies such as digital twins and blockchains can be tested risk-free by customers before integration into their own processes.




2020 August 5

15:27 Solstad secures contract from BP for three vessels in Australia
14:38 ABS to class first Taiwan-built offshore installation vessel
13:22 Hurtigruten temporarily suspends all expedition cruises
13:18 Krasnoye Sormovo to launch the MS Pola Marina cargo ship on August 7
13:12 The Vostochnaya Stevedoring Company completes the upgrade of more than 18,000m2 of storage yard
13:08 Concept of a modular composite fishing boat gets the thumbs up from MARINET
12:39 Scorpio Bulkers to build Wind Turbine Installation Vessel (WTIV) at DEME
12:01 Fincantieri and Saipem sign deep-seabed mining agreement
11:58 MARINET expects draft amendments on autonomous shipping to Russia’s MSC to be submitted by the end of the month
11:13 Future 12th expeditionary fast transport (EPF 12) for US Navy successfully completes acceptance trials
11:06 SEA-KIT bags two USV orders from Fugro
10:51 Indian Register of Shipping launches vessel for Unichart Navigation
10:23 Baltic Dry Index as of Aug 4
10:18 Crude futures prices remain nearly flat
09:51 MABUX: Bunker market this morning, Aug 05
09:07 EMSA, ECDC release guidance on resuming safe cruise operations in EU

2020 August 4

18:36 UK publishes Guidance on financial sanctions for Maritime Industry
18:21 Avance Gas sells 2003-built VLGC Avance
17:45 Klaveness Combination Carriers takes delivery of the fourth CLEANBU vessel
17:03 Tallink Grupp publishes July 2020 passenger and cargo statistics
16:58 ADNOC L&S and Wanhua Chemical Group form Strategic Shipping Joint Venture
16:33 Dredging of Utrenny LNG terminal’s basin kicked off
16:02 MHI-MME receives generator turbine and VOC firing auxiliary boiler orders for shuttle tankers
15:51 Flag, coastal and port authorities from eight countries come together to encourage development of maritime autonomous surface ships
15:43 Port of Ust-Luga MRC’ priority is taking care of employees
14:50 NOVATEK’s transshipment terminal in Port of Ust-Luga undergoes overhaul
14:02 Stena Line starts new service Liepaja - Karlskrona - Travemünde
13:26 MRA sets its sights on distance training
13:12 DEME repatriates 75 Philippine crew members from 12 vessels worldwide by charter flight from Brussels South to Manila
12:15 Evergreen joins the Ship Recycling Transparency Initiative
11:07 The port of Kiel starts the Cruise Season 2020
10:22 Bunker sales in Vladivostok in Jan-Jul plummet 30%
09:36 Baltic Dry Index as of Aug 3
09:30 Crude oil futures become cheaper
09:23 MABUX: Bunker market this morning, Aug 04

2020 August 3

18:43 CMA CGM announces Peak Season Surcharge rates from North Europe to Indian Subcontinent
18:06 Total seven-month cargo traffic in Azov-Don basin in Jan-Jul down 6%
17:55 Inmarsat, Thetius and Shell Shipping and Maritime launch 'Crew Welfare Open Innovation Challenge'
17:25 The PV300 MS Mustai Karim leaves Krasnoye Sormovo Shipyard basin, sets sail for St. Petersburg
16:42 Spot market price for Russian M100 product ended week higher
16:06 Russian Gov’t approves regulation on crab boats construction incentives
15:32 Kalmar delivers four medium and heavy forklifts to support Yizheng Port in meeting safety and environmental requirements
15:26 RZD seven-month loaded freight down 4.4%
14:18 Ust-Luga Company wins the Ust-Luga Cup 2020
13:24 Borr Drilling Limited enters into a new contract and LOIs for three rigs
13:08 Long-awaited project of Kalmykia’s Lagan Port becomes part of the federal transport territorial planning
12:46 MSC Cruises and Palumbo Group form joint venture to operate the Palumbo Malta Shipyard
12:23 OHT wins contract for transport and installation of foundations at Dogger Bank
12:20 RZD to resume traffic via new rail bridge across the Kola as of October 1
11:46 Eagle Bulk reports the successful resolution of security incident onboard vessel
11:10 Buyan-class corvette Grayvoron departs for Novorossiysk sea trials base
09:48 Crude futures prices edge down
09:41 MABUX: Bunker market this morning, Aug 03
09:16 Baltic Dry Index as of July 31

2020 August 2

16:03 Kirby Corporation announces 2Q, 2020 Results
15:31 Bollinger delivers second of three USCG FRCs to be home-ported in Guam
14:37 Dennis de Bruin appointed Managing Director of Commercial Shipping Europe
13:52 ABS supports global offshore wind development with updated guidance
12:35 USCG sets port condition Zulu for Ports of Miami and Key West
11:24 Tony Goldsmith announced as new head of marine at law firm Hill Dickinson as David Wareing steps down