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UK P&I Club launches safety book in conjunction with CAE

The UK P&I Club and CAE, the global leader in commercial aviation training, has jointly launched a safety book on transferable lessons from the flight deck aimed at mariners. Entitled ‘Maritime Team Dynamics’, the event launch occurred during International Shipping Week at 1 America Square in the City of London. The event, hosted by the UK P&I Club chief executive Andrew Taylor, involved introductions by the Club’s Loss Prevention Director Stuart Edmonston and a captivating aviation safety presentation by Captain David Owens of CAE to the capacity audience at 1 ...

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France urges Britain to uphold Brexit deals, restore trust

France’s European affairs minister Clement Beaune urged Britain on Tuesday to uphold its side of post-Brexit deals and restore trust. Beaune said Britain was not properly applying the fisheries part of the EU-UK trade deal or the protocol governing the trading position of Northern Ireland. “You cannot say that you will uphold the things that suit you and drop those that do not suit the British. So trust, consistency, respect of accords are, I think, essential… but unfortunately are not always there,” he told reporters before a meeting of EU ...

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Asia seeks answers in Russian crudes amid LNG surge, China demand

The anticipated availability of new crude import quotas in China and the search for alternatives to high-priced LNG in Japan have opened a window for Asian buyers to ship in more Russian crudes and push up their premiums, a trend that could continue in the near future. As traders rest their hopes on the twin pockets of demand, cash premiums for Russian crude grades — ESPO Blend and Sokol — have risen sharply for November-loading barrels. Analysts said Russian crude will stand to gain amid expectations of an overall recovery ...

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Water stress poses credit risks for coal, mining and power sectors: Moody’s

Water management is among the top environmental risks for countries and sectors in Asia, according to Moody’s Investors Service. Of 25 economies in the region, it identified 10 that have highly negative or very highly negative exposure to water management risks — including India, Pakistan, Bangladesh and China. Moody’s said Asia has among the highest water management risks in the world, on a par with those of arid countries in Sub-Saharan Africa and the Middle East, despite high levels of seasonal rainfall and large river systems throughout the continent that ...

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U.S. hurricane damage to cut Shell oil output through year-end

Royal Dutch Shell, the largest U.S. Gulf of Mexico oil producer, said damage to offshore transfer facilities from Hurricane Ida will cut production into early next year, slashing deliveries of a type of crude oil prized by refiners. Shell was the hardest-hit producer from Ida, which tore through the U.S. Gulf of Mexico last month and removed 28 million barrels from the market. The ongoing disruptions have hampered exports and raised crude prices, as Asian buyers searched for substitutes for the popular Gulf Mars grade. Three weeks after the storm, ...

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Oman’s wheat production grows 19% during 2020-2021

Wheat crop production grew by 19 per cent in Oman during the agricultural season 2020/2021 to reach 2,649 tonnes compared to the 2019/2020 season. The Ministry of Agriculture, Fisheries, and Water Resources said that the total area of land planted with wheat in the 2020/2021 season amounted to 2,449 acres, constituting a 19.6 per cent rise compared to the last season. The number of farmers also increased by 5.5 per cent. The ministry also added that the Governorate of Al Dakhiliyah topped the Sultanate’s governorates in terms of the highest ...

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Argentine farmers want fast dialogue, ‘solutions’ from new ags minister

Argentina’s farm sector, the country’s main exporter, is pushing to speed up dialogue with the new farming minister to resolve simmering tensions between the industry and the government including around contentious limits on beef exports. Center-left President Alberto Fernandez reshuffled his Cabinet on Friday evening after a bruising primary election loss sparked rifts within his administration, including naming a new agriculture minister, Julian Dominguez. Dominguez is an ally of militant Vice President Cristina Fernandez de Kirchner, and was farming minister from 2009 to 2011 during her presidency, when he inherited ...

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Hamburger Hafen und Logistik AG: Tollerort to become preferred hub for COSCO services

Hamburger Hafen und Logistik AG (HHLA) and COSCO Shipping Ports Limited (CSPL) successfully concluded negotiations about a strategic investment by CSPL in HHLA Container Terminal Tollerort (CTT) today. CSPL, a terminal operator listed on the Hong Kong stock exchange and member of the COSCO Shipping Group, takes on a 35 percent minority share in the Hamburg container terminal. HHLA expects the participation to strengthen the relationship with its Chinese partner, as well as long-term planning security for Container Terminal Tollerort and secured capacity and employment in the Port of Hamburg. ...

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Construction resumes at Murmansk transport hub

Last fall, the entire construction project at Lavna outside Murmansk was said to be in jeopardy as Russia’s coal export to Europe declined sharply from 2019 to 2020. Building the railway line on the west side of the Kola Bay stopped, and little happened on the seafront. But Europe’s green energy wave seems unsuited in the short-term to provide stable renewables to the electricity grid, so coal-fired power plants again get a boost. And so do global coal prices. At least for the winter to come. Last week, excavators were ...

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ThPA S.A. and the University of West Attica signed a Memorandum of Understanding

ThPA S.A. and the Department of Business Administration of the Management Economics and Social Sciences School, of the University of West Attica, through its Postgraduate Program (MSc) “Organization, Operation, Development and Administration of Ports” signed a Memorandum of Understanding focusing on the fields of education, consulting, information, exchange of know-how and research. The MoU was signed by the Executive Chairman of the BoD of ThPA S.A., Mr. Athanasios Liagkos, and the Rector of the University of West Attica, Professor Panagiotis Kaldis. The main goal of the MoU is the exchange ...

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Kazakhstan raises grain harvest forecast, cuts export outlook

Kazakhstan raised its forecast for its grains harvest this year while cutting its export forecast, senior officials said at a government meeting on Tuesday. The country sees the harvest at 16 million tonnes of grains, up from a forecast last month of 15.3 million, and exports at 6 million to 6.5 million tonnes, down from an earlier forecast of 6.5 million to 7.0 million, officials said. Harvesting is 95% complete, Agriculture Minister Yerbol Karashokeyev said. “In the new season, the main (export) supplies of Kazakh grain and flour will be ...

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UK manufacturing orders gauge hits record high in September: CBI

A record share of British manufacturers reported rising new orders this month but global supply chain problems and labour shortages held back growth in output, a survey showed on Tuesday. The Confederation of British Industry’s monthly manufacturing order book balance rose to +22 in September from +18 in August, its highest level since records started in 1977. Still, the picture was weaker for export orders – which grew at their fastest since March 2019 – and the survey’s gauge of output growth fell to its lowest level since April. “Today’s ...

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Bank of England: Hawkish hints unlikely as growth headwinds build

Markets are pricing a rate hike in around six months time Will the Bank of England hike interest rates in February 2022? That’s more-or-less when markets are currently expecting the first 15bp move, with a further 25bp rate hike priced for the second half of next year, too. But if investors are looking for the BoE to endorse this outlook when its releases its latest policy decision this Thursday, they are likely to be disappointed. Indeed, we think markets are jumping the gun, and instead we expect the first rate ...

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Clean Energy Joins World Fuel Services to Supply LNG to Pasha, Among First Maritime LNG Bunkering Operations on US West Coast

Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it will supply World Fuel Services, Inc. with an estimated 78 million gallons of liquefied natural gas (LNG) for two Pasha Hawaii container ships. Clean Energy provides liquefied natural gas (LNG) to fuel Pasha ships in first maritime LNG bunkering on US West Coast. (Photo: Business Wire) When operating from the Port of Long Beach, these ‘Ohana Class’ vessels will become one of the first natural gas-powered containerships to call on the U.S. West Coast and the first to service Hawaii. Both ships ...

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Longer coal contracts may rein in prices

In China’s coal sector that has been marred recently by price surges, regional authorities and related enterprises should ensure the fuel consumed by power generators and heat supplying companies is sourced under medium- and long-term contracts, a recent guideline released by the National Development and Reform Commission, the country’s top economic regulator, stated. Wei Hanyang, a power market analyst at BloombergNEF, said,”The policy aims to curb the coal price surge, which could otherwise be unaffordable for power plants or lead to higher power tariffs, which are undesirable for the Chinese ...

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