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Global innovator of intelligent remote satellite communication solutions, AST, announced today the official launch of its unique Iridium Certus “Optima Package”. The all-inclusive Iridium Certus package from AST offers unrivalled flexibility and capability for users who require dependable global connectivity without the barrier of upfront capital investment. AST’s exclusive Optima Package, will offer no upfront cost, flexible Iridium Certus airtime plans and inclusive hardware terminals. The unique package from AST, designed to deliver outstanding value, will enable a wide range of both Land and Maritime customers to adopt the Iridium ...

Lloyd’s Register (LR), a professional services company specializing in engineering and technology solutions, today announces the latest release of the LR AllAssets™ Asset Performance Management (APM) software platform with significant operational best practices added to its AllAssets Content Library. These additions will help users more easily transform data into actionable insights to find efficiencies in maintenance and operation strategies. LR made the announcement on the opening day of the 24th Annual ARC Advisory Group Industry Forum, where LR is participating in the Asset Performance Management track of this year’s analyst ...

As the Offshore Energy Support Vessel (OESV) market comes under growing pressure to reduce fuel use and emissions through onboard innovation, operators must take action on controllable factors to reduce emissions until new technologies become available. This is according to Seacat Services, a class-leading OESV operator that supports offshore wind farm owners and contractors throughout UK and Europe. Rising public awareness of the shipping industry’s impact on global GHG emissions has catalysed efforts to decarbonise the sector. In-line with this, global regulations such as the International Maritime Organisation’s 2020 Sulphur ...

The Vietnam National Shipping Lines Corporation (Vinalines) will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services towards joining in the Global Shipping Alliances (GSA). According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the corporation. Vinalines will pay attention to improving its competitiveness through providing all-in-one logistics service to customers, and promoting application of information technology, especially in ...

As reported in our previous circular, Pollution Fines in Turkey published in September 2019, fines for causing pollution are imposed under the Turkish Environment Code dated 1983, number 2872. With effect from 1 January 2020, the level of fines have been revised to reflect increases of approximately 23% from the previous year. The updated amounts are as per the below. Revised level of fines Category 1 – pollution from tankers such as petroleum products. • Up to 1000 Gross Tons: 606.67 Turkish lira per ton. • Between 1000 and 5000 ...

The overall container traffic through various ports in Qatar was 6.26mn tonnes at the end of December last year, according to the official figures. The net tonnage through Qatar’s ports witnessed more than 49% shrinkage year-on-year; while it increased about 9% month-on-month in December 2019, said the figures released by the Planning and Statistics Authority in its latest monthly bulletin. The total number of vessels calling on Qatar ports stood at 463, which, however, registered 40% and 6% decline respectively on annual and monthly basis respectively in December 2019. The ...

The Centre has allowed exporters also to pay terminal handling charges (THC) directly to the terminals, bypassing the shipping lines, to cut logistics costs and promote ease of doing business. To start with, Jawaharlal Nehru Custom House, which serves Jawaharlal Nehru Port Trust (JNPT), India’s biggest container gateway, issued a public notice to implement the new rule with effect from February 5. Prior to this, the Government had allowed importers with authorised economic operator (AEO) status and those availing themselves of direct port delivery (DPD) facility for containerised cargo to ...

The UAE needs to keep importing liquefied natural gas and Qatari gas as the discovery of a huge shallow gas reservoir that is the world’s biggest global find since 2005 will take years to develop, analysts said. Abu Dhabi National Oil Co, the UAE’s biggest oil producer pumping some 3 million b/d, made the discovery of the 80 trillion standard cubic feet of gas in Jebel Ali on the Dubai-Abu Dhabi border. ADNOC will develop it with Dubai’s gas supplier, Dubai Supply Authority (DUSUP). According to Wood Mackenzie, the deposit ...

Utilization at US liquefaction facilities continued its tear Monday, despite record low prices in the Asian end-user market, fears of trade flow disruption from the coronavirus outbreak and tepid demand due to mild weather. The reason? The forward curve continues to show positive netbacks because of cheaper feedgas and falling shipping costs, according to S&P Global Platts Analytics data. While the current market fundamentals would typically incentivize US operators to schedule planned turnarounds, there is no indication that is happening in the near-term. The biggest US LNG exporter said last ...

Chicago soybean futures rose for a third consecutive session on Wednesday as the market continued to recover from a two-month low reached earlier this week, although gains were curbed by fears that the coronavirus outbreak will curb demand. Corn prices slid, giving up some of the previous session’s gains, while wheat rose. “We have a bit of support from gains in stock markets but there is not much potential for soybean prices to go higher, certainly not for the moment, as the virus is curbing demand,” said Phin Ziebell, agribusiness ...

India’s move to further liberalize its coal sector by throwing it open to companies with little experience in the industry sends a strong signal that the country’s dependence on the energy resource will stay robust in coming years and its share won’t fall quickly in the energy basket despite the push towards cleaner fuels. But analysts and traders said that for non-coal players to jump into the sector, New Delhi needs to ensure investors of long-term strong support through policy incentives in order to convince them to invest. “Coal-consuming sectors, ...

As global investors shift away from heavy industry in favour of cleaner sectors, mining companies are losing billions in financing, raising the cost of capital and jeopardising projects. Making the mining industry more sustainable by running mines on renewable energy, for example, will be a key focus at the annual Investing in African Mining Indaba conference in Cape Town this week, as companies hunt for new sources of capital including private equity, debt, offtake finance and royalty finance. Environmental, social & governance (ESG) concerns have driven money into specialised ESG ...

Indonesia’s government set its coal benchmark price (HBA) for February at $66.89 per tonne, Agung Pribadi, a spokesman at Energy and Mineral Resources Ministry told reporters on Tuesday It is a slight increase from $65.93 per tonne in January COAL-HBA-ID “The price increase for February 2020 was supported by falling coal stockpiles from Chinese mines due to the Lunar New Year holidays and impact from coronavirus,” Pribadi said. Rival coal producer Australia will also see some production decline, he added. The HBA is a monthly average of the Argus-Indonesia Coal ...

April cash Dubai’s premium to futures firmed day on day Wednesday but continued to hover around lows it touched nearly a year ago, even as several producers slashed prices for their crude grades for the latest trading cycle. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The April Dubai cash/futures spread was assessed at 58 cents/b at the end of the Platts Market on Close assessment process on Wednesday, up 6 cents/b from 52 cents/b on Tuesday. The spread was last seen in a ...

U.S. oil and gas producer ConocoPhillips said it expects demand growth to slow, hit by China’s coronavirus epidemic. The company expects demand growth in 2020 to be lower by 100,000 to 200,000 barrels per day (bpd) from its earlier projection of 1 million bpd, Chief Executive Officer Ryan Lance said in a conference call with analysts. Lance expects build up in storage in the United States and in non-OPEC countries, which will put some pressure on oil prices. The flu-like coronavirus, declared a global emergency by the World Health Organization ...