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Put in place procedures to protect cyber systems, IEC Telecom urges maritime sector

Satellite communications specialist IEC Telecom has warned that cyber hygiene is as important for the shipping industry as cyber security. Forget images of James Bond-style villains hijacking tankers or cruise ships – the biggest threat to cyber security for the majority of vessels at sea is the hapless downloading of a virus by staff members not following proper procedures. “Too many companies treat digital security as an after-thought and do not have suitable policies and procedures in place,” warned Nabil Ben Soussia, Vice President Maritime of IEC Telecom. “There is ...

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China’s Jiangsu Maritime Institute selects K-Sim Offshore and K-Sim Engine simulators for major facilities expansion

Students at the Jiangsu Maritime Institute (JMI) in China are to become the latest beneficiaries of KONGSBERG’s most advanced K-Sim simulator technology, with the recent signing of a contract for a major delivery to the institute’s Navigation Simulation Training Center and Maritime Engineering Simulation Training Center. With installation scheduled for December 2019, the delivery will consist in part ofone full-mission K-Sim Offshore simulator including one aft bridge with Kongsberg Dynamic Positioning (DP) system and one forward bridge. This will be complemented with a full-mission K-Sim Engine room simulator with two ...

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CSM Energy Teams Up With Shipbroker Waterworks Offshore To Extend Turnkey Solutions

Expanding Columbia Shipmanagement has announced a strategic co-operation between its offshore and energy subsidiary CSM Energy and Waterworks Offshore Services, one of the leading German offshore shipbroking houses with a strong footprint in the Offshore Renewable Market, combining traditional and Hanseatic shipbrokerage services focusing on Sale & Purchase and Chartering of specialised Offshore assets. The co-operation will afford existing and new clients of Waterworks and CSM Energy, financing banks, funds and leasing companies, a unique turnkey solution of high-tech, digitalised and optimised technical, crew and commercial management, as well as ...

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Mark Stokes Joins Blue To Establish Brand Strategy Practice

BLUE – the award-winning business, brand and communications consultancy for the marine and energy markets – today announced the appointment of Mark Stokes as the new director of the company’s brand strategy practice. Stokes was formerly with leading engineering and technology service provider, Lloyd’s Register, where he spent 11 years as Communications Director. More recently he worked as a brand strategy consultant supporting clients including GasLog, Graig Shipping, Idwal Marine and Spinnaker-Global. The move positions BLUE uniquely as a full-service business, brand and communications consultancy dedicated to the marine and ...

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Markets Show Resilience in Topsy-Turvy August

Stocks capped off a volatile August down only slightly for the month and near recent records, the latest example of the bull market’s stability despite threats from an overseas economic slowdown and uncertainty about trade policy. The S&P 500 closed down 1.8% for August, paring most of its early losses after hopes of easing trade tensions stoked investor appetite for riskier assets. The Dow Jones Industrial Average and tech-laden Nasdaq Composite also rallied this past week to finish the month down 1.7% and 2.6%, respectively. The moves illustrate how investors ...

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China steel firms lagging on carbon compliance: study

Chinese steel companies have fallen behind their international counterparts on energy efficiency and carbon compliance, putting them at risk of a surge in costs once regulations are tightened, a research report published on Wednesday said. The study by London-based CDP, formerly known as the Climate Disclosure Project, showed that Chinese steel firms were among the industry’s worst performers on measures like carbon intensity, water and energy efficiency, and transparency. The findings suggest that mills in China, the world’s biggest steel producer, have been able to secure price advantages as a ...

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Commodity tracker: 6 charts to watch this week

S&P Global Platts editors’ pick of unfolding commodities trends. This week, bunker values at Fujairah plunge, mine overcapacity puts pressure on key battery metal lithium, and US LNG exporters face tight margins over the summer. Plus Chinese refiners’ growing taste for Saudi crude, EU CO2 prices and gas and coal profitability. 1. Fujairah bunker values plunge as Middle East risk rises What’s happening? Marine fuel sales in the Port of Fujairah are estimated to have dropped about 16% in the second quarter versus the first quarter, on continued tensions in ...

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Maersk’s one hundred years in the USA

The first Maersk company in the United States was established on 7 July 1919 by ship-owner A.P. Møller. One hundred years. From steamships with a capacity equal to 325 containers to ultra large vessels with a capacity of 20,000 containers. From one office in Denmark to global representation. Every decade of the past one hundred years has delivered milestones to the Maersk history – here’s a short run down of the most important developments in the United States. In 1913, LAURA MÆRSK was the first Maersk vessel to call a ...

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icall a helpline launched to deal with mental illness of Seafarers in association with Synergy Marine Group

Synergy Marine Group, in collaboration with iCall and Tata Institute of Social Sciences (TISS) launched a helpline number for wellbeing and oriented concerns of seafarers. iCall was inaugurated by Capt. Rajesh Unni, Founder & CEO, Synergy Group and members from the seafaring community. Speaking on the occasion, Mr. Amitabh Kumar said “Mental health of seafarers is one area that has caught the attention of the industry which really believes in processes, safety and security, and mental health really compromises on safety and security. This is one area which needs a ...

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China’s exports rise in May but US trade war will still hurt in the long run, analysts warn

Chinese exports rebounded slightly in May as companies front-loaded their shipments to beat last month’s US tariff increase, but analysts warned that the damage from the move by US President Donald Trump could soon pose a severe challenge to the world’s second largest economy. Goods sold overseas rose 1.1 per cent in May from a year earlier, confounding market expectations of 3.9 per cent drop and improving from the 2.7 per cent fall a month earlier. Imports, however, fell 8.5 per cent following a rise of 4 per cent a ...

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Trump’s Gamble. How Hardball Negotiation Tactics Can Win the US-China Trade War

US President Donald Trump’s negotiation style has been consistent throughout his real estate career and his presidency: anything goes. He never rules out a total failure of the deal, routinely receiving generous concessions. His emotional outbursts are frequent and the “Trump walkout” is proverbial. Accordingly, on May 5, 2019, Trump furiously complained that the Chinese were trying to renegotiate verbal agreements and he walked out from a deal. Such a risky negotiation tactic can work well in business, but does it make sense in deals such as complex and weighty ...

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Lighthouse Tender ‘PHAROS’ To Take Part In London International Shipping Week 2019

The Northern Lighthouse Board’s 84m multi-function Tender PHAROS is set to play a significant role at London International Shipping Week this September. PHAROS will be berthed alongside HMS BELFAST in the Thames to provide a venue for seminars, meetings and receptions, including the hosting of a major careers event for Maritime UK. PHAROS’ usual home is Oban, Scotland and she works mainly in Scottish and Isle of Man waters. In addition to her primary role to respond to wrecks and new navigational dangers, the vessel supports the maintenance and refurbishment ...

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Indonesia dreams of becoming a maritime fulcrum but obstacles stand in the way

China’s ambitious investment scheme in Africa and Eurasia, includes Indonesia. The China’s Belt and Road Initiative, first proposed in 2013, provides loans to partner countries to build roads, railways, ports, energy pipelines, and telecommunications. Incumbent Joko “Jokowi” Widodo, elected in 2014, has a vision of making Indonesia part of the world’s “maritime fulcrum”. He wants to achieve this by building ports to support fisheries and shipping to increase the archipelago’s marine-based economy, aside from strengthening the Indonesian Navy as a regional maritime power. Meanwhile challenger Prabowo Subianto and his running ...

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China Dec ethanol imports dive 73% from Nov, spike from 33 cu m a year ago

Chinese ethanol imports slumped 73.2% month on month to 25,178 cu m in December last year, with both denatured and undenatured imports falling month on month, latest customs data showed. On a year-on-year basis, however, the ethanol imports had spiked from 33 cu m in December 2017. Denatured ethanol shipments to China fell 91.4% month on month to 5,758 cu m in December. Indonesia remained the main supplier with 3,226 cu m, versus 59,924 cu m supplied in November. Another 2,524 cu m of denatured ethanol was from South Africa, ...

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China’s coal hub Shanxi establishes no-coal zones to curb pollution

A total of 11 prefecture-level cities in China’s coal hub Shanxi Province have established no-coal zones in its urban districts to tackle air pollution, local authorities said. The storage, sales and use of coal are all banned in the no-coal zones, according to the Shanxi Provincial Department of Ecology and Environment. The exceptions are made for coal-fired electricity generators, large-scale heat providers and industries that use coal as a raw material. The authorities said the area covered by the no-coal zones will be gradually expanded. Meanwhile, the sale or burning ...

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