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Seasure Market Report 02 March 2018

Seasure Market Report 02 March 2018

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New Challenger software speeds the electronic delivery of Digital Charts and weekly updates

One of the most famous names in the navigational chart business Thomas Gunn, has underlined his commitment to the digital age in navigation by designing a new ‘Challenger’ software that will speed up the delivery of digital charts and weekly navigational updates. Developed by Poseidon Navigation Services Ltd, an International Admiralty Chart Agent and Digital Distributor he has created, Challenger has already received approvals by the Maritime & Coastguard Agency (MCA); the UK Hydrographic Office; as well as a host of flags including Panama, Marshall Islands, Singapore, Isle of Man, ...

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UK: Promoting maritime to careers advisers

Career opportunities from across the UK’s shipping, ports, business services, engineering and leisure marine industries were on show at Olympia yesterday. The National Career Guidance Show is put on specifically for careers advisers, teachers, parents, careers leads in schools and careers educators from any other setting. Despite the weather, the show featured more than 200 exhibitors, plus one-to-one CPD clinics organised by the Career Development Institute (CDI). There was also a programme of expert talks. Careers ‘influencers’ were keen to learn more about the possible career opportunities for their students ...

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Ocean Yield ASA: Primary insider disclosure

The following primary insiders (or their related parties as described below) have, as part of the company’s incentive program, committed to acquire shares in Ocean Yield ASA (the “Company” or “Ocean Yield”): * Lars Solbakken, CEO, has through his wholly owned company Finmarine AS, committed to acquire 50,000 shares in Ocean Yield. Upon completion of such acquisition, Lars Solbakken will own 1,400,880 shares in the Company (all shares are owned indirectly through the wholly owned company Finmarine AS). * Eirik Eide, CFO, has through his wholly owned company Kleiver Invest ...

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Diesel Engine Condition Monitoring

Maintenance is an Essential part of Business According to the Cambridge dictionary, Maintenance means “work that you do to keep something in good condition”. Since the First Industrial Revolution (1760), when machines entered in people’s daily life, individuals have strived to maintain the machinery in the correct operating conditions, and found that the way to keep it working for a longer time was by performing maintenance work. Nevertheless, many companies keep struggling to implement maintenance strategies because of the costs that this entails, the hard-to-change corporate cultures and the lack ...

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Implementation of the EU General Data Protection Regulation 2016/679, general guidance to members

Regulation (EU) 2016/679 containing the General Data Protection Regulation (the “GDPR” or“Regulation”) will come into force on 25 May 2018 when it will have direct effect in the EU/EEA1. It will be incorporated into the law of the United Kingdom under the Data Protection Act 2018, which is expected to enter into force at the same time. The Regulation, which is some 88 pages long, may be found . This general guidance intends only to introduce the GDPR, as relevant to The Standard Club and its members. The impact of ...

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Athenian Shipbrokers S.A. Monthly Report February 2018

Athenian Shipbrokers S.A. Monthly Report February 2018

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Predictive App Improves Terminal Productivity

Ernst & Young (EY) will design and develop a predictive and optimisation application to help improve Port of Singapore-based PSA Marine’s services and boost terminal productivity. Leveraging data analytics and incorporating machine learning, Blue 5.0 will predict pilotage transit durations accurately to allow terminals to plan and allocate their resources more efficiently and to be more productive. It will also be able to help vessel operators and vessel charterers estimate the total duration of voyage within the Port of Singapore more accurately. Peter Chew, managing director of PSA Marine, said: ...

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S. Africa’s Transnet calls force majeure on some Richards Bay dry bulk berths

Transnet Port Terminals, the state-owned ports utility in South Africa, has issued a force majeure declaration as a result of a ship loader breakdown on Monday, Transnet said. Sources said chrome ore exports were being affected by the breakdown at Richards Bay. In a notice to customers, dated Thursday, Transnet said the Manta Kraft loader had suffered a mechanical breakdown and dry bulk terminal export berths — and berth 801, in particular — were unavailable to vessels scheduled to load, possibly for as long as seven days. Berth 801 is ...

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Approval Given For Four New Tenders In Brazil

In Brazil, the Tribunal de Contas da União (Federal Court of Accounts) has given the go-ahead for tenders covering concessions for four terminals under the central government’s Programa de Parcerias de Investimentos (Investments Partnerships Programme). In the Port of Paranaguá, the finished vehicles terminal is to be offered to investors, along with the wood pulp terminals at the Port Itaqui and the Port of Paranaguá. The fourth is the wood chip terminal at the Port de Santana. As part of the bidding process for the 25-year concessions, the greatest weight ...

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Exxon declares force majeure on exports from Papua LNG project-source

ExxonMobil Corp has declared force majeure on exports from its Papua New Guinea liquefied natural gas (LNG) project, which has been shut since a powerful earthquake on Monday, an industry source familiar with the matter said on Friday. At least 31 people were killed by the 7.5 magnitude quake, and Prime Minister Peter O’Neill has declared a state of emergency across the remote highlands region as rescuers struggle to reach villages buried by landslides. Exxon shut its $19 billion LNG facility, the country’s biggest export earner, amid fears of damage ...

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Gazprom’s exports to non-CIS countries up 6.8 pct y/y in Feb

Russia’s Gazprom said it had increased its natural gas exports to countries outside the former Soviet Union by 6.8 percent in February in year-on-year terms to 17.4 billion cubic metres. Source: Reuters (Reporting by Maria Kiselyova Editing by Andrey Ostroukh)

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China beats 2017 coal-fired power capacity reduction target -Xinhua

China eliminated or suspended 65 gigawatts (GW) of coal-fired power capacity in 2017, exceeding the national target of 50 GW, the state-owned Xinhua news agency reported, citing the State Council. China, the world’s biggest coal user, has vowed to improve its notorious air pollution and upgrade its fossil-fuel dominant energy structure by cutting coal consumption and boosting clean energy use. The country aims to eliminate or halt a total of 109 GW of coal-fired power capacity by the end of this decade while at the same time keeping its total ...

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Investing in commodities, one sane step removed

Amid the latest stock market volatility, a renewed interest in diversification and rising inflation are putting more focus on commodities. After being regarded as moribund in recent years, the category, led by precious metals, delivered positive returns in 2017 for the second straight year in a row, as measured by the broad Bloomberg Commodity Index. Many commodities staged a strong rally at year’s end, making analysts even more bullish. In late January, a Goldman Sachs analyst pronounced the current environment for owning commodities as the best in decades. A key ...

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Wheat set for biggest weekly gain in 32 months on dry US weather

Chicago wheat futures were on track for their biggest weekly gain since late June 2015 on Friday as forecasts of more dry weather across the U.S. Plains supported the market. Soybeans are poised for a fourth consecutive week of gains as a severe drought in Argentina threatens to reduce global surplus, while corn is on track for its biggest rally since early July. Wheat futures have rallied for the last six sessions with dry weather expected to curb U.S. winter crop yields. Agricultural meteorologists are forecasting below-normal moisture levels over ...

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