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Valenciaport promotes its sustainable infrastructures and decarbonisation projects at Asia’s most important logistics fair

The Port Authority of Valencia (PAV) will have a telematic presence at the China International Logistics and Supply Chain Fair held in Shenzhen. The PAV will explain its green port projects such as the new north terminal, the solar panel installations and the construction of a new electrical substation. Valenciaport continues with its promotional activity at upcoming events in the logistics, port and tourism sectors. In October it will also take part in Fruit Attraction and the CONXEMAR frozen products fair. The Port Authority of Valencia (PAV) will be present ...

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DG Okonjo-Iweala: Vaccine policy key to sustainable economic and trade recovery

Speaking at the virtual White House Global COVID-19 Summit on 22 September, Director-General Ngozi Okonjo-Iweala said sustainable economic and trade recovery can only be achieved with a policy that ensures rapid global access to vaccines. “We have a choice,” she said. “Either we converge downwards by allowing the virus to drag us all back down, or we converge upwards by vaccinating the world.” Her speech is below. President Biden, Excellencies, Ladies and Gentlemen, Vaccinating the world is a moral, practical, and economic imperative. Moral, because we cannot accept that in ...

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Argentine corn planting gets fast start, more rain needed

Argentina 2021/22 corn planting has raced out of the blocks as farmers take advantage of good soil moisture levels, but more rain will be needed for growers to complete early season corn sowing plans, the Buenos Aires grains exchange said on Thursday. Argentina is the world’s second largest corn exporter and the exchange forecasts a record 55 million tonnes for the current season. Farmers started sowing the crop at the beginning of the month after much-needed rains. The strong initial planting is linked to farmers “taking advantage of the good ...

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Digital log book from Weilbach approved according to IMO regulation

Weilbach, the Danish maritime software solutions and products supplier, has just achieved certification for their new digital log book platform. By digitalising log books, ship owners can save time spent on administrative tasks and communication between seafarers on board and the office ashore. The digital log book platform is called WENDIS OneLog and was launched last year. The software has been developed and tested with shipowners to approve it as an accurate and realistic replacement for paper log books. With this, the platform is now approved according to the IMO ...

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Key events in EMEA next week

Hungary: Labour market recovery expected Labour market data is due from Hungary next week, and we expect further signs of strength. The unemployment rate should remain around 3.9% as labour shortages are mounting and companies are having a hard time filling vacancies. Wage growth will rebound in July from a low rate in June, which was impacted by the high base from last year due to one-off salary payments to healthcare workers. The Manufacturing PMI will probably mirror what we saw in the eurozone: a mild deterioration signalling a slowing ...

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China energy body urges support for coal, oil firms to build clean power

China’s National Energy Administration (NEA) on Friday proposed providing support for coal and oil companies to build solar power and other clean energy generation projects with their current resources. In a draft set of guidelines on deeper reform of the energy business environment, the NEA called for the promotion of integrated natural gas power and renewable energy projects, as well as coordinated development of fossil and renewable energy. President Xi Jinping this week said China would stop building new coal-fired power stations overseas in Beijing’s latest climate pledge, but the ...

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Ukraine 2021 grain harvest 66.5% complete at 46.4 mln t

Ukrainian farms have harvested 46.4 million tonnes of grain from 66.5% of its sowing area with the yield averaging 4.38 tonne per hectare, the agriculture ministry said on Friday. The volume includes almost 33 million tonnes of wheat, 10.2 million tonnes of barley and some volume of other grains, the ministry said. Favourable weather could help Ukraine to harvest all-time high harvest of 80.6 million tonnes of grain this year, up from 65 million in 2020, the ministry has said. Source: Reuters (Reporting by Pavel Polityuk; editing by Jason Neely)

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Huawei Launches the Smart Port Solution to Help Build World-Class Ports

Huawei launched its Smart Port Solution at HUAWEI CONNECT 2021. As part of the Smart Customs Integrated Solution, the solution builds digital management capabilities based on all factors — people, vehicles, goods, enterprises, and places — in port scenarios to help build safe, efficient, and intelligent world-class ports, making cross-border trade safer and more convenient. Ports of the Future — Intelligent, Sustainable, and Collaborative Due to the changing global environment, growing population and urbanization in developing countries, cross-border e-commerce, and post-pandemic new normal, port management is facing more and more ...

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Advanced Shipping & Trading – WEEKLY SHIPPING MARKET REPORT WEEK 38, 2021

Carras have committed their Capesize” Aquabella” 177/2005 Namura & Sasebo, Japan (SS 11/2024, DD 08/2023, BWTS fitted) to Chinese buyers for high USD 19 mill

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Port of Houston: Statement regarding Recent Cybersecurity Attack

The Port of Houston Authority (Port Houston) successfully defended itself against a cybersecurity attack in August. Port Houston followed its Facilities Security Plan in doing so, as guided under the Maritime Transportation Security Act (MTSA), and no operational data or systems were impacted as a result. Source: Port Houston

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Encouraging signs from the Russian market

The Russian market continues to pick up overall. The goods throughput in the Russian ports from January to August 2021 amounted to 552.76 million tons, 1.6 percent more compared to the same period in the previous year. Dry goods handled rose by 5.8 percent to 274.16 million tons, compared to a reduction of 2.2 percent to 278.6 million tons of liquid goods handled, as reported by the Association of Russian Merchant Seaports. The Baltic Sea Basin ports could also grow. Their throughput of goods went up by 1.6 percent to ...

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World Steel Association: August 2021 Crude Steel Production Down By 1.4%

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.8 million tonnes (Mt) in August 2021, a 1.4% decrease compared to August 2020. Crude steel production by region Africa produced 1.3 Mt in August 2021, up 38.2% on August 2020. Asia and Oceania produced 112.7 Mt, down 7.3%. The CIS produced 8.8 Mt, up 3.6%. The EU (27) produced 11.6 Mt, up 27.1%. Europe, Other produced 4.5 Mt, up 11.7%. The Middle East produced 3.6 Mt, up 10.9%. North America produced 10.2 Mt, ...

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Conoco offers to sell some secondary U.S. oil acreage

ConocoPhillips COP.N is offering to sell about $500 million in conventional oil and gas properties in the top U.S. oil basin, according to a marketing document seen by Reuters, hoping to unload less valuable acreage after two major shale acquisitions. On Monday, Houston-based Conoco agreed to buy Royal Dutch Shell’s RDSa.L Permian basin properties for $9.5 billion in cash. In January, Conoco acquired another Permian producer, Concho Resources, for $13.3 billion in stock. The third-largest U.S. oil producer by market value has hired investment bank RBC Capital Markets to handle ...

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Samskip acquires Sea Connect UAB in strategic Baltic Sea investment

Acquisition of Baltic shortsea operator once again extends regional links into Samskip’s pan-European multimodal network European transport group Samskip has broadened its Baltic operations by acquiring shortsea specialist Sea Connect. The Klaipeda-based shipping company, which will be renamed Samskip Sea Connect, offers shortsea services connecting Russia, Lithuania, Denmark, Germany and the Netherlands. Sea Connect operates three 1A Ice Class container vessels calling twice a week at St. Petersburg and Rotterdam, weekly at Hamburg and at Aarhus sub inducement. “This acquisition strengthens our position in Russia, in the Netherlands and across ...

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Gas price signals show need for increased supply

The price system, in the famous words of the economist and philosopher Friedrich Hayek, is “a mechanism for communicating information… which enables individual producers to watch merely the movement of a few pointers, as an engineer might watch the hands of a few dials, in order to adjust their activities.” In international gas markets right now, those pointers are heading into the red. European gas prices have been hitting record highs. This week the October 2021 contract for European benchmark TTF gas went above per megawatt hour, equivalent to more ...

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