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Norway fears cargo ship will run aground, spill oil within hours

A Dutch cargo ship that was abandoned at sea during a storm this week is on course to run aground in Norway early on Thursday and could cause an oil spill unless a last-ditch effort to save the vessel prevails, local officials said on Wednesday. The Eemslift Hendrika, badly listing after parts of its cargo shifted in the rough weather, is adrift just 18 kilometres (11 miles) from shore and could make landfall at around 0230 GMT, the Norwegian Coastal Administration (NCA) said. While the NCA earlier said the Hendrika ...

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SEA-LNG welcomes Puget LNG to coalition

Puget LNG is the latest LNG supplier to join growing cross-industry coalition, SEA-LNG. The addition of Puget LNG strengthens SEA-LNG’s membership base on the North American west coast and underlines the increasing accessibility of LNG as a marine fuel across the globe. The investment made by Puget LNG in its quay-side facility in the Port of Tacoma recognises that LNG is commercially competitive now and offers financial risk mitigation to shipowners choosing this lower-carbon marine fuel. The facility will have a shared function, providing LNG for Puget LNG’s commercial customers ...

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Intellian’s new v45C antenna qualified for Intelsat FlexMaritime network

Intellian is pleased to confirm that its newly-launched v45C antenna has been qualified for operation on the Intelsat FlexMaritime network. By combining Intellian’s compact, high-performance antenna with Intelsat’s cutting-edge FlexMaritime High Throughput Satellite (HTS) service, this approval will deliver global connectivity to customers in the smallest package available to date. Until now, service providers have required antennas of 60cm or larger to deliver high throughput services owing to the higher power demanded by smaller units, but with the advent of HTS technology teamed with innovative antenna design, the use of ...

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Equimar implements SERTICA software remotely during COVID-19 pandemic

We all need to adapt to this new world and implementing a fleet management system is no exception. Therefore, all onsite sales meetings, project meetings and training with Equimar have been conducted remotely during the pandemic. Mexican Equimar signed contract for SERTICA a year ago and decided to implement the system during the pandemic even though it meant that all contact with the SERTICA-Team would be on a distance. Today, the Mexican tugboat company has completed the implementation successfully with remote support from the offices in Chile and the SERTICA ...

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Ecoslops 2020 Annual Results: Significant Strengthening Of The Business Model Following The Launch Of The Scarabox®; Fiscal Year 2020 Marked By The Covid-19 Health Crisis

Ecoslops, the cleantech company that brings oil into the circular economy, announces its results for the year ended 31 December 2020, as approved by the Board of Directors at its meeting on 8 April 2021. Significant commercial acceleration on the Scarabox® project (formerly Mini P2R): Signature of 3 letters of intent in 2020, including one converted into a sales contract in 2021; Solid balance sheet allowing the continuation of investments and development projects; Revenues of € 5.75M and EBITDA of € (3.0) M, mainly impacted by the effects of the ...

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South China’s Hainan qualifies the first wholly foreign-owned shipping enterprise

Hainan Maritime Safety Administration issued a compliance certificate to Hainan Laifushi Marine Engineering Management Co, meaning the enterprise became the first wholly foreign-owned shipping firm qualified for business in Hainan Free Trade Port. This move marked that Hainan Free Trade Port has further released its policy dividend, Xinhua reported on Thursday, adding that Hainan would attract more global shipping companies to gather in the province in South China. Hainan Laifushi Marine Engineering Management Co was registered in Hainan Yangpu Economic Development Zone in March, according to Xinhua, which was also ...

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GTT receives an order from Hyundai Heavy Industries for the tank design of two new Very Large Ethane Carriers (VLEC)

GTT announces that it has received an order from its partner the Korean shipyard Hyundai Heavy Industries (HHI) for the tank design of two VLECs on behalf of an Asian ship-owner. As part of this order, GTT will design the tanks for the VLECs with a cargo capacity of 98,000 m3. The tanks will be fitted with the GTT Mark III membrane containment system. The vessels will be delivered in the last quarter of 2022 and the first quarter of 2023. These latest generation vessels are versatile as they are ...

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MMC Corporation Berhad Chooses Ramco Systems To Digitally Transform Five Ports In Malaysia’s Single Largest Port Transformation Programme

Leading Malaysian utility and infrastructure conglomerate MMC Corporation Berhad (MMC)announced that it has embarked on a major digital transformation of five ports, in partnership with global software solutions leader, Ramco Systems. The digital transformation will consolidate and standardise processes of MMC’s ports, which include Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), Johor Port Berhad, Northport (Malaysia) Bhd, Penang Port Sdn Bhdand Tanjung Bruas Port Sdn Bhd. The group-wide transformation was awarded based on the successful implementation of Ramco integratedEnterprise Resource Planning (ERP) system at one of Malaysia’s most advanced container terminal ...

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AB Klaipėdos nafta preliminary revenue for March 2021

The preliminary sales revenue of the Company’s oil terminals for March 2021 comprises EUR 1.7 million and is lower by EUR 1.7 million or by 50 % compared to March of 2020. The preliminary sales revenue of the Company’s oil terminals for the three months of 2021 comprises EUR 5.4 million and is lower by 28 % compared to the same period of 2020. The preliminary sales revenue of the Company’s Klaipėda LNG terminal for March 2021 comprises EUR 3.0 million (during the same month of 2020 – EUR 3.6 ...

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US corn export shipments up 4% on week, 6% from prior four-week average: USDA

US weekly corn export shipments for the 2020-21 marketing year (September-August) totaled 2.053 million mt in the week ended April 1, up 4% from 1.978 million mt in the previous week, Department of Agriculture data showed April 8. The weekly export shipments for the 2020-21 marketing year were up 6% from the prior four-week average, the USDA said in its Exports Sales Highlights report. The main destinations of the shipments were China with 578,500 mt, Mexico with 473,600 mt, Japan with 366,100 mt, South Korea with 242,500 mt and Colombia ...

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UKRAINE GRAIN EXPORTS UNAFFECTED BY BORDER TENSIONS, SAY TRADERS

Escalating tensions on Ukraine’s eastern border with Russia has not affected domestic grain exports and prices, traders said on Friday, adding that they are closely monitoring the situation in a region provides a significant part of the world’s food needs. Kyiv has expressed concern over a build-up of Russian forces near the border between Ukraine and Russia as well as a rise in violence along the line separating Ukrainian troops and Russia-backed separatists in Ukraine’s Donbass region. Though Ukraine is a major global grain exporter, selling 57 million tonnes of ...

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German steel market expects further price rises on limited domestic supply: Platts survey

German steel market participants expect prices to rise further in April, following the latest round of hikes from market-leading mill ArcelorMittal in March as well as long domestic lead times and tight supply gripping the European market, data from the monthly steel sentiment survey by S&P Global Platts showed April 7. In the survey, conducted among German producers, distributors, traders and end-buyers at the start of April, the index for steel price development stood at 92, indicating a notable expansion — an index of 50 indicates stability — from March ...

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Indian demand for US mid-vol coking coal growing on steel rebound: Iman

Indian demand for US mid-volatile matter and premium hard coking coal imports grew in 2020 as strong steel and met coke fundamentals support India consumption rising to a new high in 2021 and 2022, according to Iman Resources. India imported 4.16 million mt of US met coal, down slightly from the 4.21 million mt in 2019. However, imports of US mid-vol HCC rose to 2.66 million mt in 2020, up 17% from 2019, Iman Resources FZ, a UAE-based coal and solid fuels trading group, said in a report. India’s US ...

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CORN SET FOR 2ND WEEK OF GAINS ON STRONG DEMAND, LOWER U.S. PLANTING

Chicago corn was little changed on Friday, with the market on track for its second week of gains, while soybeans are set for their biggest weekly rise in a month as expectations of higher plant-based fuel in the United States underpinned prices. Grain and oilseed markets have scaled multi-year highs in recent weeks with strong demand led by China and lower-than-expected U.S. planting driving prices higher. “There is talk about producing more edible oil based biofuels in the United States which is supporting prices,” said Phin Ziebell, agribusiness economist at ...

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Oil prices dip on mixed supply and demand outlook

Oil prices edged lower on Friday on rising supplies from major producers and concerns over a mixed picture on the COVID-19 pandemic’s impact on fuel demand. Brent crude futures for June fell 16 cents, or 0.25%, to $63.04 a barrel by 1014 GMT while U.S. West Texas Intermediate (WTI) crude for May was at $59.53, down 7 cents. Both contracts are on track for a 2%-3% drop this week but still far from a low of $60.47 hit two weeks ago. Exerting downward pressure is the decision by the Organization ...

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