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Survitec Expert Highlights Benefits Of Chutes And Slides In Mass Evacuation

Marine lifesaving appliance expert Survitec is responding to the ever-increasing size of cruiseships and passenger numbers through the continuous development of evacuation solutions that utilise both chute and slide access technologies. According to statistics from CLIA (Cruise Lines International Association) around 30 million people are expected to holiday at sea in 2019, up by nearly 200,000 passengers on the previous year, and nearly 41% more than in 2009. This increase in customer demand, combined with technological advances, has led to larger vessels that are required to evacuate increasing numbers of ...

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WFW advises Zeaborn on joint venture with MPC Capital Group

Watson Farley & Williams (“WFW”) advised the Bremen-based Zeaborn Group (“ZEABORN”) on the formation of a joint venture with the MPC Capital Group (“MPC”). Under this joint venture, ZEABORN and MPC will combine their global activities for the chartering and commercial management of 160 container and bulk carriers. The joint venture will operate under the name “Harper Petersen” which ZEABORN already uses for its activities in this area. ZEABORN contributes its relevant companies in Hamburg, Hong Kong and Singapore into the joint venture. MPC adds its active companies using the ...

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China’s Guangzhou port opens first container line to U.S. east coast

Guangzhou Port Group opened its first container line to the east coast of the United States on Monday. According to the company, the route is operated by international shipping giants including Maersk and Mediterranean Shipping, with a total of 12 large container ships of 8,200 to 8,500 TEU. The new line is expected to transport goods from Nansha Port of Guangzhou Port Group to Newark Port of the United States in 32 days, and Charleston Port in 37 days. Prior to the new line, the port group has been operating ...

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India looking to raise oil imports from Russia – oil minister

India is looking at raising oil imports from Russia, its oil minister said, at a time of surging oil prices after an attack on Saudi Arabian facilities halved the kingdom’s production. Dharmendra Pradhan said he had met the chief executive of Russian oil major Rosneft, Igor Sechin, and that four Indian companies planned to increase their investment in Russia’s oilfields. The oil minister also attempted to calm nerves on supplies, saying he was confident that India, the world’s third-largest oil consumer, had a diverse crude basket. Saudi Arabia is the ...

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UAE, Saudi Arabia send 200,000 tonnes of wheat to Sudan

The UAE and Saudi Arabia confirmed that the third batch comprising 200,000 tonnes of wheat has been dispatched to Sudan, meeting the needs of the population for this strategic commodity. In April, the UAE and Saudi Arabia announced their commitment to providing 540,000 tonnes of wheat to enhance food security in Sudan. Last month, both countries shipped two batches of wheat totalling 140,000 tonnes. Mohammad Saif Al Suwaidi, Director-General, Abu Dhabi Fund for Development (ADFD), said: “The food aid is a result of the wise guidance of the leaderships of ...

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Saudi Aramco to delay some of PetroChina’s Oct loadings of light crude oil -source

Saudi Aramco informed PetroChina that some of its loadings of light crude oil for October will be delayed by up to about 10 days, in the wake of Saturday’s attacks on the kingdom’s key oil facilities, according to a senior Chinese state oil source with knowledge of the matter. However, Aramco, the state oil company of Saudi Arabia, will still supply the same grades and volumes of light crude oil requested for October nominations, the source said. The Chinese state refiner was also told that some of its September-loading light ...

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Indonesia’s July gasoline imports drop to lowest level in 2019 at 1.1 mil mt

Indonesia took in a total of 1.106 million mt of gasoline in July, a stark fall of 21.4% on the month and the smallest volume year to date, detailed figures from Statistics Indonesia showed this week. The drop had, however, been widely anticipated by Asian gasoline market participants, who attributed the reduction in July imports to high domestic stock levels. This comes after several months of heavy buying by state-owned Pertamina, they said. Indonesia bought 3.504 million mt of gasoline in the first quarter of this year, and 4.09 million ...

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Japan Aug petchem naphtha imports rise 10% y/y

Japan’s naphtha imports for the petrochemical sector rose 10% in August from a year earlier, government figures showed on Tuesday. Imports of naphtha for ethylene production totalled 1.14 million tonnes last month, up from 1.04 million tonnes in the same month a year earlier, the Ministry of Economy, Trade and Industry said. Following is a table of naphtha import volume. Following is a table of naphtha import volume. Name Aug 2019 Jul 2019 Aug 2018 Total import (kilolitres) 1,673,362 1,653,502 1,520,279 Total import (tonnes) 1,139,965 1,132,619 1,039,552 Total import value ...

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Crop Watch – Warmth eases frost concerns but does not boost corn, soy yields

Recent and expected warm temperatures are seen helping late-planted U.S. corn and soybeans move toward maturity and avoid early frost, but the Crop Watch producers are not any more optimistic about yields as a result. The growers still have concerns about light test weights in the corn and low pod counts in the soybeans, along with reduced pod fill in the last couple weeks. Crop Watch 2019 follows one corn and one soybean field in eight major U.S. Corn Belt states, reporting on weekly progress as of Sunday. The fields ...

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Corn rebounds; crop-friendly U.S. weather caps gains

Chicago corn futures edged higher on Wednesday, recouping some of the previous session's losses on bargain buying although gains were curbed by expectations for crop-friendly weather across the U.S. Midwest. Wheat gained ground, while soybeans were largely unchanged. The most-active corn contract on the Chicago Board Of Trade was up 0.3% at $3.69 a bushel, as of 0411 GMT, having closed down 1.6% on Tuesday. Wheat firmed 0.4% to $4.86 a bushel, having closed 0.9% lower in the previous session and soybeans were up 0.03% at $8.94 a bushel, having ...

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Iraq set to contribute 38% of Middle East’s crude distillation units capacity growth by 2023, says GlobalData

Iraq is set to drive crude distillation units (CDUs) capacity growth in the Middle East from planned and announced (new-build) projects between 2019 and 2023, contributing around 38% of the total growth, according to GlobalData, a leading data and analytics company. The company’s report, ‘Refining Industry Outlook in Middle East to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, reveals that Iraq is expected to have new-build CDU capacity of 1,200 thousand barrels of oil per day (mbd) by 2023. Varun Ette, Oil ...

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U.S. shale oil output to rise to record 8.8 mln bpd in Oct -EIA

U.S. oil output from seven major shale formations is expected to rise by 74,000 barrels per day (bpd) in October to a record high 8.843 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report. The largest change is expected in the Permian Basin of Texas and New Mexico, where output is seen climbing around 71,000 bpd to a record high 4.485 million bpd in October. That would be the ninth consecutive month of increases in the basin, its longest streak since December 2018. Output in ...

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Asia’s crude stocks, flexible imports may cover near-term Saudi supply risk

Asian oil consumers are unlikely to press the panic button following the latest attacks on Saudi Arabia’s critical oil infrastructure as major Saudi crude buyers in both Northeast and South Asia hold adequate oil reserves, while companies have a wide range of alternative supply sources. Asian refiners could potentially see their term Saudi crude volumes fall short after the OPEC kingpin confirmed Saturday the temporary loss of 5.7 million b/d of oil production after attacks on its facilities, industry officials and Asian refinery sources told S&P Global Platts Sunday. However, ...

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Hedge funds turned bullish on oil before Saudi attacks: Kemp

Before the attacks on Saudi Arabia’s oil installations on Sept. 14, hedge fund managers had started to become more bullish, or at least less bearish, about the prospects for oil prices amid hope for a trade truce between the United States and China. Hedge funds and other money managers purchased the equivalent of 122 million barrels of crude and fuels in the six most important futures and options contracts in the week to Sept. 10, the largest one-week increase for more than a year. The jump came after five months ...

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Why The Brazen Attack On Saudi Oil Could Force The U.S. To Act

Just days after Iran hawk National Security Advisor John Bolton departed the White House, an unprecedented attack on the Saudi oil facility in Abqaiq and the Khurais oil field took place. Abqaiq is the heart of the Saudi oil system, and while the fire is extinguished, the repairs may take weeks. Some 6% of global oil production is now shut down, and it is unclear how much will remain offline and for how long as Saudi ARAMCO assesses the damage. Tensions in the Gulf are at a historic high and ...

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