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New advances in ‘Micro Electro-Mechanical’ tech to boost maritime sector, according to €1million EU study

New advances in ‘Micro Electro-Mechanical’ technology including progression towards new semiconductors with greater capacity will open the door to a myriad of new opportunities for the maritime sector, according to an EU study. Scientists working on the €1million KETmaritime project have today released a detailed report on the potential of ‘Micro Electro-Mechanical Systems’ (MEMS) for marine applications. The KETmaritime project is being delivered by a consortium of seven partners across Europe in an effort to identify ‘Key Enabling Technologies’ to support the future needs and demands of the Atlantic maritime ...

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Coronavirus hits demand for commodities and energy

A fast-spreading coronavirus in China has sent shockwaves through global commodity markets, prompting OPEC and its allies to consider deepening crude supply curbs and Asia’s largest oil refiner to slash over a tenth of its output. The new virus has already killed 361 people in China and spread to over around two dozen other countries. The number of confirmed cases in China has risen above 17,000 with at least another 151 confirmed cases in other countries and regions. OPEC, ALLIES CONSIDER SUPPLY CUTS The Organization of the Petroleum Exporting Countries ...

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US-China trade deal, African swine fever create uncertainties for Brazilian soy: official sources

The recently concluded US-China Phase 1 trade deal and the prevailing African swine fever outbreak in China could bring uncertainties for Brazilian soybean farmers and traders, according to the official sources. Additionally, Brazilian soybean prices could become volatile in the upcoming 2019-20 marketing year (February 2020 – January 2021) due to the above factors, Brazilian state official source said Monday. The Brazilian soybean farmers could resort to crop hoarding in order to weather the price volatility. According to S&P Global Platts, SOYBEX FOB Santos for March loading was assessed on ...

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Permian Basin 2020 forward gas prices hit fresh record lows

Permian Basin forward gas prices are testing new lows this month as the 2020 market outlook for available pipeline capacity exiting the West Texas basin continues to deteriorate. At market close Wednesday, the balance-2020 curve at Waha dipped to its lowest on record at 63 cents/MMBtu. Shoulder-season prices for this year have faced even more downward pressure, with April and May calendar-month contracts falling to an average of just 15 cents/MMBtu earlier this month, S&P Global Platts M2MS data shows. The cash market hasn’t fared much better. After dipping into ...

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Wind Development In The High Seas Could Unlock Offshore Potential But Ownership Laws Need To Be Defined

The offshore wind industry is making great strides in developing technology that means projects can be built further from shore, including technological innovations in floating foundations and hydrogen storage. However, a new report by Chatham Partners, a boutique law firm specialising in renewable energy, indicates that if such technology were to allow the construction of wind farms in the high seas, the current legal framework would not have the scope to cover such development. The high seas are all regions of the sea that sit outside the control of a ...

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Damen FCS Demonstrates Versatility Again In Collaborative Technology Project

Damen Shipyards Group, in collaboration with Delft Dynamics and Next Ocean, has trialled a new approach to search and rescue in the North Sea. The collaboration involved qualification testing of Delft Dynamics RH3 drone (RH-3 Swift), along with a fast rescue boat launched from a Damen Sea Axe Fast Crew Supply (FCS) Vessel equipped with Next Ocean’s wave and vessel motion predictor. The goal was to test the limits of drone helicopter operations offshore; a significant project given the notable size of the drone involved. The test was funded by ...

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UAE to play active part in mapping of global maritime’s future

The United Arab Emirates (UAE) has successfully managed to maintain a leading position in the world’s thriving maritime segment. Over the years, the country has been able to leverage its key strengths and capabilities to earn its place as one of the best countries in the world. In line with this, the UAE has revealed completion of its preparations for re-nomination as a Category B member of the International Maritime Organization (IMO) Council for the 2020-2021 term. Elections for membership will be held on November 29, 2019 in London. The ...

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Australian CSG Assets To Decline By 60% Over The Next 10 Years

Rystad Energy has recently completed a well-level production forecast for coal seam gas (CSG) projects in Australia, generating interesting results. Based on reported remaining proven and probable (2P) reserves and well numbers, production from currently producing or under development CSG projects is expected to decline by 60% over the next 10 years. Countering this, we expect projects currently in the discovery and exploration phases will offset this reduction by 30%. This still leaves a net 30% decrease in CSG production over the considered period. “For an LNG export industry already ...

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Port Authority of NSW approves shipping facility in inner west Sydney

A shipping facility for the delivery of construction materials will be built at the edge of Sydney Harbour in the inner west after it was approved by the government authority behind the proposal. The Port Authority of NSW on Monday gave the green light for its own plan for the “multi-user facility” on the eastern side of Glebe Island, located under the Anzac Bridge and opposite Pyrmont. The authority said the hub for the delivery of materials such as sand, aggregate and cement would meet the city’s rising demand for ...

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Kalmar and Metsä Fibre strengthen relationship with full-scope service contract for log-handling operations at Kemi Pulp Mill, Finland

Kalmar, part of Cargotec, has signed a performance-based service contract with Metsä Fibre covering their Kemi pulp mill in north-western Finland. The agreement was booked in Cargotec’s 2019 Q2 order intake and will come into effect at the beginning of Q4 2019. Metsä Fibre produces pulp, sawn timber and other bio-products for growing markets and is part of the Finnish forest industry concern Metsä Group. The company’s Kemi pulp mill on Finland’s north-west coast produces over 600,000 tonnes of pulp per year and employs approximately 250 people. The equipment fleet ...

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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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