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ARES Security unveils new SaaS solution

ARES Security Corporation announces the release of its first multi-tenant, Software as a Service (SaaS) offering to U.S. seaports. ARES Security is now offering their Avert C2 (formally CommandBridge) system as a SaaS platform for small and medium sized ports to leverage the powerful capability that has been used by more than a third of the largest seaports in the U.S. since 2006. The solution is also deployed at several law enforcement, transportation and DoD facilities throughout the country. AVERT C2 is a robust command and control platform that integrates ...

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Eight Urgent Measures Proposed to Ensure Future Ocean Health

Nereus research fellow Harriet Harden-Davies (University of Wollongong/ANCORS) and Rashid Sumaila (UBC) are co-authors on a new paper published in Aquatic Conservation: Marine and Freshwater Ecosystems. In the paper, the authors establish eight urgent and ambitious measures needed to stave off the ocean’s current deterioration, and warn of the impacts (some irreversible) due to inaction or delay. They urge governments and decision-makers to take immediate action due the ocean becoming increasingly acidic, de-oxygenating in growing regions, and sea surfaces warming to unprecedented modern temperatures because of anthropogenic global warming – ...

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Scandlines installs Norsepower’s Rotor Sail Solution on board hybrid ferry

Ferry operator Scandlines is pleased to announce that it has signed an agreement with Norsepower Oy Ltd, leading clean technology and engineering company pioneering modern wind propulsion technology, to install Norsepower’s Rotor Sail Solution on board the M/V Copenhagen, a hybrid passenger ferry. Operating between Rostock in Germany and Gedser in Denmark, the M/V Copenhagen belongs to the world’s largest fleet of hybrid ferries, which combines diesel and battery power. Since 2013, Scandlines has invested more than EUR 300 million in building and retrofitting ferries from conventional diesel-driven to hybrid ...

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ICS Announces Sponsors for its Flagship Conference 2019

The International Chamber of Shipping (ICS) is delighted to announce the first sponsors for the ICS Flagship Conference Setting Course for 2050: Powering World Trade, on Wednesday September 11, 2019 at the British Library. Lloyd’s Register; The Nigerian Maritime Administration and Safety Agency (NIMASA), SEA\LNG, The Turkish Shipbuilders’ Association (GISBIR) and Witherbys have all pledged to partner with ICS and support what is anticipated to be a unique and thought-provoking event during London International Shipping Week. Leading experts from outside the maritime sector have been invited to join key figures ...

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Full steam ahead: 63 apprentices begin their maritime careers with Hapag-Lloyd

At the beginning of August, 63 young colleagues began their apprenticeship programme at Hapag-Lloyd. Thirty of them are learning the typical seafaring jobs like ship mechanic, nautical officer or technical officer, while the other 33 are training to become shipping merchants or to work in office management and in the areas of transport and logistics. In addition, 11 dual-track students are beginning their studies with Hapag-Lloyd. They will take classes in a variety of subjects such as maritime management, logistics management and information systems at the Hamburg School of Business ...

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Energy interests applaud changes to endangered species protections

California Attorney General Xavier Becerra and Massachusetts Attorney General Maura Healey, as well as some environmental groups, have vowed to challenge the Trump administration’s sweeping changes to Endangered Species Act protections. The parties intend to argue to the courts that the rulemakings issued by the US Fish and Wildlife Service and National Marine Fisheries Service on Monday impermissibly gut one of the country’s most successful environmental laws and effectively block the administration from considering longer-term risks such as climate change. “As we face the unprecedented threat of a climate emergency, ...

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Peter Thomson Encouraged Chile and the Region Today to Keep Playing a Leadership Role in Ocean Protection

Peter Thomson, the United Nations Secretary-General’s Special Envoy for the Ocean, visited the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) today in Santiago, Chile, where he met with the regional organization’s Executive Secretary, Alicia Bárcena, and spoke with journalists. At the press conference, Thomson expressed appreciation for Chile’s efforts to protect and conserve the ocean and encouraged the country to continue playing a leadership role in this area at the two major international events that will take place towards the end of the year in ...

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APL Performance Report: EXX measures up to greater expectations since LA TraPac call

Since APL’s Eagle Express X (EXX) service began calling the TraPac terminal in Los Angeles, we have set the bar higher on the Key Performance Indicators (KPIs) for the fully APL-operated premium service, in our continuous pursuit for excellence. In recent weeks, EXX has been delivering to greater expectations for some KPIs, while working to attain the higher standards we set for other indicators: 100% cargo availability within 5.5 hours [a] from start of vessel operations at TraPac New target: <8 hours Previous target: <12 hours Average truck turn time ...

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Americas bunker markets reassess August outlook amid pressure

North American bunkers markets opened this week under renewed pressure from upstream energy sectors, leading some market participants to reassess expectations for the rest of August, sources said Monday. Markets from the US East to West coasts were again down Monday, as was pricing along the Gulf Coast. This comes after North American ports saw spot levels dip to multiyear lows during the first week of August, with signs of a rebound seen late last week wiped out Monday. Monday’s declines left the ex-wharf spot price for IFO 380 in ...

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Team Tankers International Ltd. Announces 2nd Quarter 2019 Results

Team Tankers International Ltd. (OSE: TEAM) reported EBITDA for the 2nd quarter of $11.8 million, compared with $14.0 million in the 1st quarter of 2019 (Q2’18: $6.7 million). Net loss in the 2nd quarter of 2019 was $17.4 million, compared with a net loss of $7.9 million in the 1st quarter of 2019 (Q2’18 net income: $4.4 million). The average time charter equivalent rate for the fleet was $11,611 per day this quarter, compared with $12,123 per day in the previous quarter. Team’s CEO, Hans Feringa, commented “We freed up ...

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MABUX: Bunker market this morning, Aug 14.

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, 180 HSFO and MGO (Gasoil) in the main world hubs) demonstrated slight downward evolution on Aug.13: 380 HSFO – USD/MT – 355.93(-6.31) 180 HSFO – USD/MT – 399.57(-5.10) MGO – USD/MT – 632.04(-1.11) Meantime, world oil indexes jumped on Aug.13 after the United States said it would delay imposing a 10% tariff on certain Chinese products, easing concerns over a global trade war that has pummelled the market in recent months. Brent for October settlement increased by ...

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DHT Holdings, Inc. announces 3-year time charter

DHT Holdings, Inc. (NYSE: DHT) (“DHT”) announces that the Company has entered into a three year time charter with a leading refining company for one of its 2012 built VLCCs that is set to commence post scrubber retrofitting in the fourth quarter this year. The time charter has a base rate of $30,000 per day with all earnings up to $37,500 to DHT following a profit sharing structure that includes scrubber economics for earnings in excess to be shared between the customer and DHT. Source: DHT Holdings, Inc

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Why We Like American Shipping Company ASA’s (OB:AMSC) 6.8% Return On Capital Employed

Today we are going to look at American Shipping Company ASA (OB:AMSC) to see whether it might be an attractive investment prospect. In particular, we’ll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. Firstly, we’ll go over how we calculate ROCE. Then we’ll compare its ROCE to similar companies. Last but not least, we’ll look at what impact its current liabilities have on its ROCE. Return On Capital Employed (ROCE): What is ...

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Lynden Transport maintains No. 1 ranking in 2019 Quest for Quality Awards

Quest for Quality AwardLynden Transport maintained its top spot among carriers by earning a seventh consecutive No. 1 ranking and its 23rd overall award in the 36th annual Logistics Management Quest for Quality Awards. The company received the highest scores among Less-than-Truckload (LTL) western regional carriers in the on-time performance and information technology categories and earned the highest overall weighted score. “Although this is our seventh award in seven years, it is still exciting and gratifying to be recognized by our customers for the work we do each day,” says ...

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Clarksons Business Review

Dry cargo The freight market during the first half of 2019 was a huge disappointment due to severe seaborne trade disruptions. The seasonal first quarter downturn was amplified by the impacts of the Brumadinho dam rupture at Vale’s mine in Brazil and subsequently adverse weather in the northern parts of Brazil and in Australia’s Pilbara iron ore region. As a result, iron ore seaborne trade suffered a 4% decline compared to the same period last year. African swine fever, which requires infected pigs to be culled, reduced the soybean feedstock ...

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