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Navis Delivers Smart Platform for Cloud, Data and Optimization through N4 3.8

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services for the world’s leading organizations across the shipping supply chain, announced the availability of N4 3.8, the latest cloud-enabled version of its core terminal operating system. With N4 3.8, Navis has the most complete general cargo solution, and is announcing the availability of RTG Optimization to streamline operations for both manual and automated RTG terminals alike. N4 3.8 lays the foundation for cloud deployments, with a richer suite of Navis Smart application packages, including the Vessel ...

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Stadshaven Brouwerij Rotterdam opens autumn 2020 in M4H

Stadshaven Brouwerij Rotterdam to open in the former port warehouse on Merwehaven at the end of this year. The Brouwerij will also accommodate a restaurant operated by Bierfabriek. Stadshaven Brouwerij has a starting capacity of 20,000 HL (2 million litres of beer) per year and will be brewing new beer types in addition to the three existing beers. This makes the brewery the largest in Rotterdam and one of the larger craft breweries in the Netherlands. The opening of this brewery, planned for October 2020, will contribute to the area’s ...

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Gazprom offers 18 LNG cargoes for loading at Belgium’s Zeebrugge in 2020-2021 – sources

Russian oil and gas producer Gazprom has offered 18 cargoes of liquefied natural gas (LNG) for loading at Belgium’s Zeebrugge terminal, two industry sources said on Thursday. The cargoes are for loading between the second half of Feb. 2020 and Dec. 31 2021, one of the sources said. The tender will close on Feb. 10, with bids valid until Feb. 12. Gazprom’s trading arm, Gazprom Marketing and Trading, buys 2.9 million tonnes of LNG a year from Russia’s Yamal plant, with cargoes purchased at Zeebrugge via tran-shipments. Source: Reuters (Reporting ...

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Asian feed mills turn to Ukrainian corn as U.S. quality suffers

Some key Asian feed makers are having to pay more for higher-quality corn from the Black Sea region as a key traditional supplier, the United States, struggles with a weather-damaged crop. China, South Korea and Bangladesh have turned to Ukraine for a part of their feed corn demand for February arrival, according to three trade sources and shipping data. “Ukraine has ample supplies but prices have risen since there is strong Asian demand,” said a Singapore-based trader at an international trading company. Corn from Ukraine, one of the few origins ...

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India: Power producers’ coal imports up 17.6% at 52.48 MT in Apr-Dec 2019

Coal imports by power producers in the country rose by 17.6 per cent during April-December this fiscal to 52.48 million tonnes compared to 44.64 million tonnes a year ago, according to a Central Electricity Authority data. The data also showed that the surge in dry fuel import, recorded during first nine months of this fiscal, was mainly due to higher consumption by firms like Adani Power and state-owned power giant NTPC, among others. Adani Power’s Mundra plant alone imported 12.83 million tonnes of coal during the first nine month of ...

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Strong demand to continue propelling Russian wheat prices higher

The ongoing rally in Russian wheat prices is set to continue amid strong demand, weather-driven expectations of lower crops in key exporting countries, and Russian farmers holding back supply as the ruble appreciates. Russian wheat prices have been rallying since September, tracking the international market. S&P Global Platts assessed Russian 12.5% protein wheat FOB deep sea at $233.25/mt on Wednesday, an 11-month high. Support came from higher origination costs, driven primarily by an 8% appreciation in the ruble against the dollar since September and farmers holding onto grain. Rising origination ...

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China to halt capacity swaps in steel industry from January 24

China will stop approving new capacity and capacity swaps for steel projects from Jan. 24, the country’s state planner said on Thursday, as the government wants to review all the projects first. Crude steel production in China, the world’s top steel producer, climbed to a record high just shy of 1 billion tonnes last year despite Beijing’s efforts to ease oversupply as some mills used swaps as an excuse to add new capacity. The country has eliminated more than 150 million tonnes of outdated steel capacity and another 140 million ...

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Oil slips to $62, heads for weekly loss on China virus concerns

Oil slipped towards $62 a barrel on Friday and was heading for a weekly decline as concern that a virus in China may spread, curbing travel and oil demand, overshadowed supply cuts. The virus has prompted the suspension of public transport in 10 Chinese cities. Health authorities fear the infection rate could accelerate over the Lunar New Year holiday this weekend, when millions of Chinese travel to their homes and abroad. Global benchmark Brent fell 2 cents to $62.02 by 0951 GMT. Brent was down about 4% this week, its ...

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China accounted for 41% of Asia’s crude oil refining capacity under maintenance in 2019, says GlobalData

China had the highest crude oil refining capacity under maintenance (both planned and unplanned) in Asia in 2019, accounting for about 41% of the region’s share, says GlobalData, a leading data and analytics company. The company’s report, ‘Global Crude Oil Refinery Maintenance Review, 2019 – Asia Incurs Highest Planned Maintenance in the Year’, reveals that Asia had a total refining capacity of 8.4 million barrels per day (mmbd) under maintenance (planned and unplanned) in 2019. The region had 7.9 mmbd under planned maintenance and 1.3 mmbd under unplanned maintenance in ...

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DAVOS-Oil industry in Davos: torn between Greta and Trump

Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they will have to rely on revenue from expanding their businesses in oil and gas, for which there is still growing global demand. On one hand, they must satisfy the big investors who are rewarding companies with progressive climate policies and dumping heavy polluters; yet on the other, they can’t risk cutting the generous dividends ...

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China’s comprehensive LNG import price rises last week

China’s comprehensive import price index for liquefied natural gas (LNG) rose last week, according to Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax, came in at 3,246 yuan (about 471 U.S. dollars) per tonne from Jan. 13 to 19, up 6.1 percent from the previous week. The index, jointly developed by a monitoring center under the General Administration of Customs and the SHPGX, was launched on Oct. 16, 2019 and is due on a weekly basis to offer a new pricing reference for importers. Source: ...

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China lifted underground gas storage capacity to 10.2 bcm in 2019 – state TV

China had built a total of 27 underground gas storage tanks with combined capacity of 10.2 billion cubic metres (bcm) by 2019, a 44% increase year-on-year, state television reported. Underground gas storage tanks, which typically serve as reservoirs, help to manage peak load and ensure flexibility in gas supplies. China is speeding up gas infrastructure construction to avoid a possible energy crunch as demand for the fuel increases. The country is expected to lift its underground gas storage capacity to 13 bcm in 2020, to 20 bcm by 2023 and ...

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Global stocks hold steady but virus anxiety lingers as millions travel for Lunar New Year break

Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break. Most markets had stabilized overnight, as investors took some solace from the World Health Organisation (WHO) labelling the outbreak an emergency for China, where 25 people have died and more than 800 have been infected, but not, as yet, for the rest of the world. European shares, which had closed before the WHO announcement, were expected to ...

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Euro near seven-week lows before PMI data release

The euro held near seven-week lows on Friday after the European Central Bank struck a more dovish tone at Thursday’s meeting than some had expected. Investor attention will turn to the flash PMI releases for January, which are some of the first indicators of how the global economy has performed moving into 2020. The key data, the euro zone and German PMI figures, are expected to rise from previous readings. Higher-than-expected readings could trigger a rally. The euro fell against the dollar , to $1.1049. It was near a five-week ...

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China’s Economy May Suffer Knock as Deadly Virus Spreads

The outbreak of viral pneumonia that’s spreading across China has raised concerns that the world’s second-largest economy could take a hit as consumer confidence slumps, hurting retail sales and spending on travel, leisure and entertainment. Share prices of Chinese airlines, travel and restaurant companies dropped sharply this week after the government confirmed that the disease, thought to be caused by a previously unknown type of coronavirus, can be transmitted between humans and significantly raised the number of known cases and deaths. Now, economists are warning that consumption could suffer and ...

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