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24-hour stoppage announced

Svitzer Australia has advised that the Maritime Union of Australia (MUA) has given notification of protected industrial action by its members at Adelaide and Whyalla on Friday, 23 April. MUA members employed by Svitzer Australia plan to stop work for 24 hours starting as follows: – 12:01 am on Friday 23 April in the port of Adelaide in South Australia. – 6:00 am on Friday 23 April in the port of Whyalla in South Australia. Svitzer Australia advise they are doing all they can to minimise any possible disruption to ...

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LNG tanker BW Pavilion Vanda due at UK’s Isle of Grain on May 10

Liquefied natural gas tanker BW Pavilion Vanda is heading for Britain’s Isle of Grain terminal on May 10, Refinitiv Eikon data showed. The tanker has a capacity of around 159,000 cubic metres and is coming from the United States. Source: Reuters (Reporting by Nina Chestney, editing by Louise Heavens)

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Harren Bulkers takes over Post-Panamax and adds two more bulk carriers to its management

Only a few months after the launch of Harren Bulkers, three 93,000 tdw Post-Panamax bulkers have been secured for the fleet on a long-term basis. Bremen-based shipping company Harren Bulkers is proud to announce the acquisition of the Post-Panamax bulker Topas (built 2011). The ship will be named Pablo. With an overall length of 229.2 m (beam 38.0 m, draft 14.9 m), Pablo is currently the biggest ship in the Harren Bulkers fleet. The two sister ships Turmalin and Tuerkis (both built 2012) were taken over by Oldendorff Carriers and ...

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Fearnleys Week 16 2021

On the surface, pretty busy. Deals quietly done under the radar remain in fashion

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GAC UK celebrates Diversity in Maritime Charter status

Maritime UK, the umbrella body for the maritime sector, has welcomed GAC UK as the latest organisation to join its Diversity in Maritime Charter. The Charter is a pivotal initiative in the Diversity in Maritime programme, and GAC UK is the first provider of ship agency and related services to be accepted, joining eleven other organisations. The Charter holds organisations accountable for closing the diversity gap and making the maritime sector more inclusive. To become a Charter organisation, businesses must share baseline data including the total proportion of women in ...

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ETF and ECSA call for recognition of seafarers as key workers and an introduction of specific rights and entitlements

Governments, shipowners and seafarers groups are meeting this week in the Special Tripartite Committee of the Maritime Labour Convention to exchange information on the implementation of the MLC in the face of the challenges posed by the pandemic. On this occasion, ECSA and ETF have issued a Joint Statement on the recognition of seafarers as ‘key workers’ that outlines some specific rights and entitlements that seafarers should enjoy everywhere. Trade unions and employers in the maritime industry have been calling on governments throughout the Covid-19 pandemic to recognise seafarers as ...

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UK households suffer bigger income hit than in Germany and France – study

Households in Britain hit by COVID-19 job losses suffered a much bigger fall in their incomes than in France and Germany where social security is more generous and incomes are more equal, the Resolution Foundation think-tank said. Forty-one percent of British households where one person or more became unemployed saw their income fall by at least a quarter. Only 20% of newly unemployed households in France suffered such a large fall in income, while the proportion in Germany was 28%, the foundation said in a report. Unemployment in all three ...

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Time to curb seaborne cargo VOC emissions

Around 70 million barrels of hydrocarbons are lost yearly due to evaporation of Volatile Organic Compounds (VOC) during loading, storage and transportation of crude oil on ships. This is an environmental problem as well as a significant economic cost. The lost amount represents a value of 3.0 to 3.5 billion USD annually. In other words: if you are a shipping operator, curbing seaborne VOC emissions is a chance to make your business more profitable. For a standard ship such as an Aframax tanker, the economic loss during a single voyage ...

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New Inmarsat Report Captures Role Of Singapore Start-Ups In Maritime’s Digital Transformation

A new study sponsored by Inmarsat, the world leader in global, mobile satellite communications, offers the most comprehensive overview ever of Singapore’s vibrant maritime start-up sector. The Trade 2.0 Singapore Maritime Start-up and Innovation Ecosystem Report, published through the Inmarsat Research Programme, is the second country-specific study of start-ups and their impact on maritime digitalisation. It builds on a global Trade 2.0 report launched in 2019 and the Japan Trade 2.0 report published in April 2020. Once more, the report is authored by Leonardo Zangrando, Founder of Startup Wharf, and ...

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Seal And Bearing Retrofits Highlight Importance Of Ontario Partnership To Canadian Coast Guard

Thordon Bearings and Heddle Shipyards have successfully completed a retrofit project to replace the shaft seals and bearings aboard the Canadian Coast Guard (CCG) vessels CCGS Caribou Isle and CCGS Ile St. Ours. The vessels represent not only the first reference for Thordon’s award-winning TG100 SRTP shaft seal onboard a Canadian Coast Guard vessel, but also the growing importance of Ontario’s promising maritime partnership in facilitating CCG requirements. “Our larger bearings and seals are commonplace across the CCG fleet, with almost every icebreaking vessel using Thordon tailshaft bearings,” said Scott ...

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IMarEST: (n)EVER GIVEN fairness

The IMarEST UAE branch hosted a thought-provoking panel discussion on the importance of the seafarer who is a critical stakeholder in the sustainability of shipping. In the interactive webinar, multidimensional views were exchanged amongst 90 shipping professionals on current challenges and possible solutions to unite the maritime industry, to ensure seafarers are not used as scapegoats in the event of a maritime accident. The case of the ABS class, Panama Flag Container Vessel – EVER GIVEN which ran aground on the 23rd of March brought a spotlight on the risks ...

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China should not rush on digital yuan for cross-border payments – former central bank head

China should not rush to use the digital yuan for cross-border payments due to regulatory obstacles and foreign concerns about it’s global impact, Zhou Xiaochuan, the country’s former central bank governor, said at the Boao Forum on Wednesday. China is one of the frontrunners in the global race to launch central bank digital currencies to modernise financial systems, ward off the threat from cryptocurrencies like bitcoin and speed up domestic and international payments. The digital yuan, which will be mainly for domestic retailing payments, is likely to be used for ...

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India: Domestic natural gas output two-year high in March falls 8% in FY21

Domestic natural gas production fell 8.1% year on year (y-o-y) to 28,670.6 million standard cubic metre (mscm) in FY21. Natural gas production of 2,683.9 mscm in March was, however, the highest monthly output recorded in 24 months. The 30.5 million tonne (MT) of crude oil produced in the country during the fiscal was also 5.2% lower than the production in the year-ago period. Indigenous natural gas production caters to about 51% of the country’s requirements, while around 85% of the country’s crude oil is imported. Domestic natural gas output had ...

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BHP: Our Operational Review for the nine months ended 31 March 2021

We have released our Operational Review for the nine months ended 31 March 2021. BHP Chief Executive Officer, Mike Henry: “BHP’s strong safety and operational performance continued during the quarter, with record year-to-date production at Western Australia Iron Ore, the Goonyella Riverside metallurgical coal mine in Queensland and concentrator throughput at Escondida in Chile. We are reliably executing our major projects, bringing on new supply in copper, petroleum and iron ore. The Spence Growth Option and Samarco are ramping up and West Barracouta, in Petroleum, started production this month. First ...

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China plays critical role in expanding global use of renewables, says IEA executive director

Demand for renewables is set to increase in all key sectors in 2021 and China, which “alone accounts for about half of the increase in global renewable electricity generation,” plays a critical role, chief of the International Energy Agency (IEA) said. “We expect this year the share of renewables in the world electricity generation comes to 30 percent, the highest in the history. This is mainly the result of the achievements in a few countries but China plays a critical role,” Fatih Birol said in an interview with Xinhua. In ...

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