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Virus-hit boxship takes centre stage at Singapore cyber wargame

A container ship whose power management system had been shut down by a long dormant virus was the focus of a UK maritime industry cyber wargame hosted during Singapore Maritime Week held in April. With sensors in containers alerting to issues with storage temperatures on board, a truly uncomfortable situation for the owner, manager, charterer and cargo owners, more than 40 delegates were invited to discuss this cyber security scenario and work out solutions for immediate action as well as longer-term plans to mitigate such a security breach. The Singapore ...

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New Green RoRo Vessels for Finnlines – designed by KNUD E. HANSEN

KNUD E. HANSEN has signed a contract with Nanjing Jinling Shipyard, China, for developing the Basic Design of three large RoRo vessels, based on the Finnlines / Grimaldi / KNUD E. HANSEN design. The vessels are based on the same hull as the Grimaldi Green 5th Generation vessels and are thus sister vessels but customized to the needs of Finnlines with regards to heavy cargo and operation in cold climates. The customization has been developed in close cooperation between Finnlines and KNUD E. HANSEN. The vessels, which are expected to ...

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Port of Antwerp first-quarter figures: containers continue to reign supreme

During the past quarter, the total maritime cargo turnover of Port of Antwerp fell by 3%, bringing the situation back to normal following the record figures of the first quarter in 2018. As the quarter unfolded, the total maritime cargo turnover again showed an upward trend. This trend is expected to continue in the coming months, also thanks to extra MSC cargo between Antwerp and Northern Europe starting in April. Container traffic continues to grow, with March 2019 as the strongest month ever in terms of containers. Container traffic: the ...

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Peru’s Volcan says COSCO SHIPPING set for $3 bln port construction deal

China’s COSCO SHIPPING Ports Ltd is set to sign a $3 billion deal with Peru’s Volcan Compania Minera to invest in the port of Chancay on the South American country’s Pacific coast next month, Volcan chairman said. COSCO SHIPPING Chairman Xu Lirong will attend a signing ceremony for the deal mid-May at the Presidential Palace in Lima, Volcan Chairman Jose Picasso Salinas told Reuters on the sidelines of China’s Belt and Road Forum in Beijing. The deal will be part of a $10 billion upcoming Chinese investments in Peru. COSCO ...

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Turkish ports receive over 4,000 ships in March 2019

In March 2019, 4,200 ships arrived at Turkish ports, Trend reports referring to the Turkish Ministry of Transport and Infrastructure. The gross registered tonnage of all vessels in March 2019 amounted to 69.218 million tons. In March 2019, 1,500 ships sailing under the Turkish flag and 2,700 ships sailing under flags of other countries arrived at Turkish ports. The gross registered tonnage of ships arrived at Turkish ports under the Turkish flag in March 2019 amounted to 10.799 million tons, and the gross registered tonnage of ships under flags of ...

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Turkey says trying to convince U.S. to allow Iranian oil imports

Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Aksoy said. Last year, Washington announced sanctions against buyers of Iranian oil, granting eight countries, including Turkey, waivers for six months. It said on Monday it will not renew those waivers and demanded that buyers stop purchases by May 1 or face sanctions. Iran is one of the biggest oil suppliers for Turkey, which is almost completely reliant on imports ...

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China’s ethanol imports in March surge 79% on month

Chinese ethanol imports jumped 78.9% month on month to 7,389 cu m in March from 4,130 cu m in February with undenatured imports climbing, offsetting the decline in denatured imports, latest customs data showed. The sharp increase in ethanol imports stemmed from a low base in February. On a year-on-year basis, the ethanol imports had plunged 95.8% from 176,468 cu m in March 2018. Denatured ethanol shipments to China fell 12.31% month on month to 3,619 cu m in March and was significantly lower than the 144,122 cu m seen ...

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Saudi Aramco looking at potential gas JVs, sells first LNG cargo – CEO

Saudi Aramco’s chief executive said the company was in discussions with many partners around the world regarding potential joint ventures in gas, and that it has sold its first LNG cargo. The state oil giant, the world’s top oil producer, wants to become a major player in gas and is eyeing projects around the world to help it gain a firm foothold in international gas business, Amin Nasser said in Riyadh. “There is a lot of potential to grow in gas … We are currently in discussion with a lot ...

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Japan’s March oil imports fall 0.2 pct y/y – METI

Japan’s crude oil imports fell 0.2 percent in March from a year earlier to 3.21 million barrels per day (15.83 million kilolitres), the Ministry of Economy, Trade and Industry (METI) said. Japan’s domestic oil product sales last month fell 2.9 percent from a year earlier to 2.98 million barrels per day (bpd), the data showed. Gasoline sales dropped 5.1 percent to 831,505 bpd, while kerosene sales slumped 12.2 percent from a year earlier to 309,180 bpd, according to the data. Source: Reuters (Reporting by Aaron Sheldrick; Editing by Shounak Dasgupta)

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Iraq’s southern oil exports rebound in April – Petro-Logistics

Oil exports from southern Iraq have rebounded so far in April, a leading tanker-tracking company said on Thursday, suggesting OPEC’s second-largest producer will continue to show lower adherence than rivals to an OPEC-led supply-cut pact. Southern Iraqi exports in the first 21 days of April averaged 3.56 million barrels per day, according to Petro-Logistics. That is up from an average of 3.25 million bpd in March, according to Iraqi figures. Iraq’s higher exports arise as the debate in OPEC is moving towards possibly raising output to meet any shortages from ...

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Canada’s oil imports from Saudi Arabia on the rise since 2014, trade figures show

Canada’s oil imports from Saudi Arabia have been rising steadily for the past five years, according to Statistics Canada trade data reviewed by CBC News, and a festering diplomatic spat with the kingdom appears not to have had any significant impact on Canada’s appetite for Riyadh’s crude. The total volume of Canadian imports from Saudi Arabia has increased by 66 per cent since 2014, with imports rising every year during that period. Last year, Canadian companies spent $3.54 billion importing 6.4 million cubic metres of Saudi oil, up from 5.9 ...

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China’s liquefied natural gas imports surge in March

China’s imports of liquefied natural gas (LNG) surged last month, as demand remained robust, data from the General Administration of Customs showed. LNG imports rose to 4.06 million tonnes in March, up 25.2 percent year on year. Economic and industrial production growth, coupled with efforts to reduce stifling pollution levels, have led to surging natural gas demand over the past few years. China aims to bring domestic natural gas output to more than 200 billion cubic meters by 2020. Imports of coking coal soared 53.1 percent to 6.14 million tonnes. ...

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China’s crude steel output up 9.9 pct in Q1

China’s steel producers reported steady output growth in the first quarter, with production of crude steel up 9.9 percent to 231 million tonnes, data from an industry association showed. In the first three months, China exported 17.03 million tonnes of steel products, up 12.6 percent year on year, while imports came in at 2.9 million tonnes, down 16.1 percent, according to the China Iron and Steel Association (CISA). Following decades of reckless investment-driven expansion, China’s steel mills have been running at overcapacity in recent years, incurring heavy losses for producers ...

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China’s iron and steel association warns on over-capacity, shrinking profits

China’s Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits. The country’s sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was “far from achieving it tasks” amid Beijing’s supply-side reforms, the association said in an online statement. Some companies were looking to boost output, turn out low-grade steel and use cheaper but more polluting induction furnaces, it said, adding that fixed ...

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China steel firms see falling profits in Q1

Major Chinese steel manufacturers reported sharp profit declines in the first quarter of 2019 as falling steel prices eroded profit margins. In a filing to the Shenzhen Stock Exchange Thursday night, Beijing Shougang Co. Ltd. said net profit in the January-March period fell 45.7 percent year-on-year to 274.2 million yuan (40.7 million U.S. dollars). Revenue rose 5.3 percent year-on-year to 15.4 billion yuan. In a filing to the Shanghai Stock Exchange, Shandong Iron and Steel Co., Ltd. said net profit in the first quarter plunged 75.8 percent year-on-year to 150.7 ...

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