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Nautilus Labs brings on Todd Sundsted as Chief Technology Officer to lead data science, engineering, and product development

Nautilus Labs, the technology firm unlocking commercial decarbonization for the ocean supply chain, today announced the designation of Todd Sundsted as Chief Technology Officer (CTO). In his new role, Todd Sundsted, who is based in New York, will lead product development, engineering, and data science, including the enhancement of Nautilus’s AI capabilities and best-in-class machine learning models. Prior to joining Nautilus Labs, Sundsted was CTO at Odeko, which builds smart mobile ordering and supply chain management software for coffee shops and cafés, and helmed their Application Development, Infrastructure, and IT ...

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Kalmar and Yilport strengthen long-term collaboration with a significant new order for mobile equipment solutions

Kalmar, part of Cargotec, has concluded a significant order from YILPORT Holding Inc. for a total of 27 new Kalmar mobile equipment: 20 Eco reachstackers, four empty container handlers and three forklift trucks. The order was booked in Cargotec’s Q3 2022 order intake with delivery scheduled to start Q3 2022, and final deliveries estimated to take place during Q1 2023. The agreement also includes extended warranty and service contracts for all equipment to be delivered. YILPORT Holding Inc. was established in August 2011 as a subsidiary to consolidate the port ...

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Freight trains to Europe post increase

Nearly 9,000 freight trains between China and Europe were operated from January to July, a slight increase amid sporadic COVID-19 outbreaks in China in the first half of the year, national railway operator China State Railway Group said on Tuesday. The group operated 8,990 trains and delivered 869,000 20-foot equivalent units of goods, posting a year-on-year increase of 3 percent and 4 percent, respectively. Among the trains, 1,517 were operated in July and 149,000 TEUs of goods were outbound, up 11 percent and 12 percent year-on-year respectively. Both figures are ...

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GT USA Wilmington Welcomes the Everest Bay with the Maiden Call of a New Summer Fruit Service

GT USA Wilmington (GTW) has recently received its first ever shipment of summer fruit into the Port of Wilmington, Delaware from the West Coast of South America. The citrus fruits were delivered from Valparaiso, Chile to the Port by Capt. D. A. Dela Rosa, the Master of the M/V EVEREST BAY, a refrigerated cargo ship The 2200 pallets of new cargo were brought through the Port of Wilmington by Partners, Seatrade and Global Reefers and is heading to supermarket shelves throughout the United States. Operations went well with ILA Labor ...

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Ukraine’s grain exports, crop still must prove themselves -Braun

The volume of grain Ukraine will have available for export over the coming year and whether those shipments can run smoothly remains to be seen, though optimism has increased with the first sea departure of a grain vessel since Russia’s invasion. Estimates across the industry still vary on harvest potential, but there are suggestions, including from Kyiv, that the grain crop could be larger than previously thought. A ship carrying about 26,000 tonnes of Ukrainian corn left the Black Sea port of Odesa Monday headed for Lebanon following the export ...

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Qatargas delivers LNG cargo to LMPT2 Map ta Phut Terminal in Thailand

Qatargas Operating Company Limited (Qatargas) has delivered a commissioning liquefied natural gas (LNG) cargo to Thailands newest LNG receiving terminal, LMPT2 Map Ta Phut LNG Terminal, located in Rayong Province of Thailand, West of Map ta Phut Port. The commissioning cargo was loaded in Ras Laffan on 04 June 2022 on the Q-Flex LNG vessel, Al Oraiq, with an overall cargo carrying capacity of 210,000 cubic meters. It arrived at LMPT2 Map ta Phut LNG terminal on 18 June 2022, Qatargas said in a press release. Qatargas has established a ...

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As wheat prices soar, the world’s consumers vote with their feet

Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity. Consumers may face even higher wheat prices in the second half of 2022 as importers, who until now have supplied cargoes bought several months earlier at cheaper prices, pass on the costs from when wheat prices scaled decade highs in May. Global wheat consumption in July-December could drop by 5%-8% from a year ago, analysts, traders and ...

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U.S. soybean harvest threatened by August weather outlook

Soybeans in key growing areas of the U.S. Midwest will likely face more hot and dry conditions during August, their critical growing month, that could threaten harvest yields, according to weather forecasts. The world needs a big U.S. crop to replenish global stockpiles that have been pegged at a six-year low. Russia’s invasion of Ukraine disrupted trade flows and triggered worries about possible food shortages. But U.S. soybean plantings fell below expectations this spring as farmers turned to corn. Additionally, adverse weather in certain areas quickly eroded soybean harvest expectations ...

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Malaysia end-July palm oil stocks seen at 8-month high as output rises

Malaysia’s palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday. Stockpiles in the world’s second-largest producer expanded 8.3% from June to 1.79 million tonnes, according to the median estimate of 11 traders and analysts polled by Reuters. Production also rose to its highest since November, up 2% to 1.58 million tonnes. Exports gained 2.2% to 1.22 million tonnes while imports surged 35% to 80,000 tonnes. The better exports could be due to slower ...

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Growing appetite for copper threatens energy transition and climate goals

Demand for copper will double by 2035, opening up a supply gap that threatens climate goals and poses serious challenges to the Net-Zero Emissions by 2050. This demand growth during the energy transition — a pathway toward transformation of the global economy to Net-Zero Emissions by 2050 — will be particularly pronounced in the United States, China, and Europe. India will also exhibit strong copper demand growth, more from traditional copper applications than from the energy transition. Copper — the “metal of electrification” — is essential to all energy transition ...

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Huge Brazil soy crop estimates for 2023 may not be excessive

Brazil will not start planting its next soybean crop until later next month, but the world’s top producer and supplier seems well-positioned to chip into U.S. export share over the next year based on staggering harvest pegs. Although the numbers are hefty, early market estimates for Brazil’s crop have tended to be on the conservative side in recent years, excluding last year’s drought cycle. That downfall allowed U.S. exporters this year to snag a five-year-high share of world soybean trade. The U.S. Department of Agriculture officially pegs Brazil’s 2022-23 soybean ...

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Coal production in India registers growth of 26.4% in April-June this fiscal | Mint

The total coal production in the country has increased to 265.65 Million Tonnes (MT) Apr-July 2022 registering an impressive growth of 26.44 % on year-on-year basis, a statement issued by the Ministry of Coal on Wednesday stated. The total coal dispatches to power plants (including non Coal India Limited coal producing units) have been to the tune of 250.51MT during Apr-July 2022, registering a growth of 21.31 % as compared same period of FY 22. The statement read, Coal India Limited (CIL) has played an important role in augmenting production ...

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Base metals supported by weaker dollar ahead of U.S. jobs report

Copper and most other base metals continued to find support from a weaker U.S. dollar on Friday, amid expectations of slower job growth in July in the United States ahead of a closely watched employment report due later in the day. Three-month copper on the London Metal Exchange CMCU3 rose 0.9% to $7,799.50 a tonne as of 0521 GMT. Copper prices recorded a three-day loss earlier this week on weak global factory data and flaring U.S.-China tensions following U.S. House of Representatives Speaker Nancy Pelosi’s visit to Taiwan. The recent ...

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Palm rises but set for 9% weekly loss on higher supply outlook

Malaysian palm oil futures rose on Friday, but were set for a 9% weekly loss on expectations of higher July end-stocks and rising exports from top producer Indonesia. The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange gained 66 ringgit, or 1.73%, to 3,887 ringgit ($872.70) a tonne in early trade. FUNDAMENTALS * Malaysia’s palm oil inventories at end-July likely jumped to an eight-month high due to improving production and soaring imports, a Reuters survey showed on Thursday. * The Malaysian Palm Oil Board ...

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Oil output to see small hike to ease energy prices

The world’s biggest oil producers have agreed to raise production slightly in a bid help ease high prices. Members of oil producers’ group Opec+ – which includes Russia – agreed on Wednesday to add 100,000 more barrels per day to the market from September. The latest production output increase is at a much slower pace than in recent months. The decision is a blow to leaders who had called for production to be ramped up. They include US President Joe Biden, who travelled to Saudi Arabia in a bid to ...

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