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First Steamship joins Baumarine by MaruKlav

We are pleased to announce that First Steamship Co., Ltd. has decided to join the Baumarine by MaruKlav pool with the MV Ever Best (Beihai 82K design). The vessel was delivered in the beginning of January 2021. First Steamship was listed on the Taiwan Stock Exchange in 1965, becoming the first publicly listed shipping company in Taiwan. The vessel was operated by the MG Harrison Pool (previous Marubeni Pool) in the period from April 2017 till June 2019. Chief Operating Officer of First Steamship says, “We look forward to developing ...

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CMA CGM introduces new MEDWAX & improved EURAF 3 and WAZZAN services connecting Europe to West Africa

Striving for continuous improvement in our service offer to West Africa strategic markets, CMA CGM is pleased to introduce its new product MEDWAX service in complement to the current existing 31 services to Sub Saharan Africa. Effective January 14, 2021 at Algeciras with m/v “Atlantic Discoverer”, MEDWAX service will offer a lean product and a weekly service from Worldwide to the Republic of Guinea and Ivory Coast through our operational Med hub. Dakar will be offered to our Exporters on seasonal call basis to meet with the demand during the ...

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Marlink Group enters into a definitive agreement to acquire ITC Global

Marlink Group, backed by Apax Partners (France), has signed a definitive agreement to acquire 100% of ITC Global, the leading provider of satellite communications solutions, from Panasonic. Upon completion of the acquisition, ITC Global will become a cornerstone of the Marlink Group, supporting the expansion of Marlink’s global leadership in the energy and enterprise markets. ITC Global brings an unparalleled expertise in managed, high-value, high-performance satellite network solutions to the fast-growing Marlink Group. The company’s strong reputation in the Energy, Enterprise and Maritime Passenger markets will enable the Group to ...

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Henriksen Liferaft Release Hook Enters Production After Detailed Testing

The successful completion of a prolonged testing programme has enabled Henriksen Hooks to put its new Liferaft Release Hook into full production. First shown in 2017, the hook has attracted considerable interest from the marine and offshore markets but Henriksen has held it back until it completed a long and complex testing programme. Now available globally, the new crane hook has been especially developed for launching inflated liferafts. It is permanently attached to the fall wire of a crane and clips into a steel lifting ring on the liferaft. It ...

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Egypt shuts six Red Sea ports due to bad weather

Egypt has closed five Red Sea commercial ports and one fishing port because of high winds and rough seas, the Red Sea Ports Authority and three sources said on Wednesday. The ports of Suez, Nuweiba and Zeitiyat were shut, the authority said. The ports of Adabiya and Ain al-Sokhna, in addition to a fishing port in Suez were also closed, the sources said. They could not be named because they are not authorised to speak to the media. At the ports of Suez and Zeitiyat, winds are 20-25 knots and ...

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Softship launches Port Cost Calculator to streamline and automate port costs and voyage calculations

Global shipping software solutions provider, Softship, has launched an innovative, web-based Port Cost Calculator for carriers to maintain up-to-the-minute, fully accurate records and full visibility of expenses at all stages of each individual port call. Thomas Wolff, Softship’s Managing Director, explains: “Vessels will call at many ports across the world and each port call requires a significant number of services to be provided by a large range of service providers. Multiply this by the number of vessels in an average fleet and the process quickly becomes unwieldly and error-prone. Port ...

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Contecon Manzanillo caps off 2020 with 1M TEU milestone

Contecon Manzanillo (CMSA) positively ended a difficult year with a milestone with the handling of its year-to-date one millionth TEU last December. CMSA, which operates the Second Specialized Container Terminal (TEC-II), achieved the feat during the call of CMA CGM Jacques Joseph on 29 December. “The event we are celebrating would not have been possible without the support of all our clients, shipping agents, customs agents, carriers, authorities, and of course the participation of our collaborators–the valuable men and women who work every day with responsibility and best attitude to ...

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Régie du Terminal à Conteneurs (RTC) Douala Opts for Navis 360 Managed Services to Better Manage N4 TOS

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced today that Régie du Terminal à Conteneurs (RTC) Douala went live with Navis 360 Managed Services in the cloud to help make the most out of its N4 investment. The terminal added 360 Managed Services to enhance its terminal operations, optimize operations and management on N4, and remain competitive in the industry. RTC, formally Douala Container Terminal, within the main port ...

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China’s resumption of scrap imports seen unlikely to help costs, EAF development

China’s move to allow ferrous scrap imports to restart in January is likely to have a limited impact on domestic steelmaking costs, constrained by the lack of scrap available globally to import, market sources said Jan. 13. While the more optimistic sources said scrap imports could reach 10 million mt/year in 2021 if domestic steel margins remain strong, others expected the volume would be well below 10 million mt as recovering overseas demand for scrap has pushed up seaborne scrap prices. “Even if there is policy support, scrap imports won’t ...

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German steel prices to increase, production ramp ups expected: Platts Jan survey

Pricing sentiment remained bullish in the German steel market for January, data from the monthly steel sentiment survey by S&P Global Platts showed, with all participants expecting increases in both steel and raw material costs, and most respondents optimistic about capacity ramp-ups in the near-term. Production levels are expected to increase, sources said, as more blast furnaces are expected to restart in the first quarter of 2021, although maintenance issues at some European mills could lead to potential delays. In the survey of German producers, distributors, and traders conducted at ...

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U.S. corn, soy supplies pressured by harvest cuts; prices surge

U.S. soybean and corn supplies in September will be smaller than previously forecast due to a reduced estimate of last fall’s harvest, the U.S. Agriculture Department said this week. The crop revisions will intensify fears of shortages in 2021, after governments tried to lock in extra food supplies amid the COVID-19 pandemic that disrupted global supply chains and thinned U.S. stockpiles. Concerns about tight supplies have pushed Chicago Board of Trade corn, soybean and wheat futures to multi-year peaks in recent weeks and prices for all three commodities surged to ...

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Proceed With Caution: Exploration’s Watchword For 2021

The twin crises of coronavirus and the oil price crash made 2020 a tumultuous year. Exploration faced budget cuts, campaign cancellations and team downsizing – but not all is lost. High-impact drilling has continued. And the fundamentals for profitability look set to stay. We asked our experts what explorers will focus on in 2021 and what will shape the sector’s gradual recovery. Fill in the form on this page for a complimentary copy of the full report. Or read on for a short introduction. Exploration will be less visible We ...

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EIA shaves gas consumption decline forecast, even as power sector use softens

The US Energy Information Administration Jan. 12 raised its natural gas consumption forecasts for the first two quarters of 2021, even as it continued to predict rising gas prices will help drive consumption declines for the fuel source through 2022. The agency, in its January Short-Term Energy Outlook, raised its gas consumption estimates by 1.3 Bcf/d to 97.86 Bcf/d for Q1, and by 1.54 Bcf/d to 65.84 Bcf/d for Q2. But the overall trend is for declines; after averaging 83.06 Bcf/d in 2020, US gas consumption is expected to drop ...

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Asian LNG drags the gas complex higher

Soggy demand and growing capacity As seen with most markets in 2020, LNG was unable to escape the Covid-19 related demand hit, with industrial gas demand weighed down by lockdowns. This saw LNG prices in Asia trading to record lows, which also weighed on regional gas hub pricing around the globe, and in particular Europe. This only added to what was already set to be a bearish year for LNG markets, following a mild winter, along with the fact that around 24mtpa of LNG export capacity was scheduled to start ...

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Coronavirus causes largest U.S. greenhouse gas emissions drop since World War Two: report

U.S. greenhouse gas emissions fell 10.3% in 2020, the largest drop in emissions in the post-World War II era, as the coronavirus crippled the economy, according to a report released Tuesday by the Rhodium Group. The economic fallout from the uncontrolled spread of COVID-19 – especially in big emitting sectors like transportation, power and industry – resulted in a sharper emissions drop than the 2009 recession, when emissions slid 6.3%. The drop means that the United States would outperform its pledge made under the Copenhagen climate accord to reduce greenhouse ...

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