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ShipIn Systems To Scale Growth Through Lloyd’s Register’s Waypoint Program

Participation in the Waypoint program will make ShipIn’s FleetVision™ technology more accessible to ship owners and operators Boston, USA, 1st August 2022 – ShipIn Systems, the world’s first visual fleet management platform provider, has been selected as one of only three companies from hundreds of applications to join the Waypoint program – an initiative of Safetytech Accelerator, established by Lloyd’s Register. The Waypoint program is dedicated to improving the commercialization of revolutionary safety and risk management technologies in the marine industry. Throughout the 12-week process, ShipIn will collaborate with experienced ...

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SSY ATLANTIC CAPESIZE INDEX 25 JULY 2022

The SSY Atlantic Capesize Index changed direction for a ninth consecutive week, dropping by 747 points to 13,050. There were declines

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Key events in developed markets next week

US data remains solid despite financial market recession fears Recession fears are gripping financial markets, but US economic data suggests the situation isn’t anywhere near that grave, at least not yet. People movement data, air passenger numbers, April retail sales, and industrial production reports all point to a healthy rebound in growth in 2Q22, while the strong jobs market means employment and wages are both rising. That said, we do acknowledge that household incomes are being squeezed by inflation and this poses risks for consumer spending, while surging mortgage rates ...

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Panama And Japan Sign Agreement For The Benefit Of Panamanian Seafarers.

The Panama Maritime Authority (AMP), through the Embassy of Panama in Japan and the Ministry of Lands, Infrastructure, Transport and Tourism of Japan (MLIT) signed for the first time a Bilateral Cooperation Agreement concerning the mutual recognition of training and certification in accordance with Regulation I/10 of the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers, 1978, Amended, (Convention STCW’78), this recognition is of great benefit to Panamanian seafarers as it provides new job opportunities. For the Republic of Panama, the Minister of Maritime Affairs, Noriel Arauz, ...

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More European plants stop buying Russian crude

Oil companies and refiners in Europe are increasingly moving away from purchases of Russian crude following Moscow’s invasion of Ukraine. Norway’s state-controlled Equinor is to stop trading or transporting Russian oil, it said late March 14, following a decision to exit its Russian joint ventures in response to the invasion of Ukraine. Shell was one of the first energy companies to cease all spot purchases of Russian oil and products. BP, Italy’s Eni and Saras, Spain’s Repsol and Cepsa, Portugal’s Galp, Finland’s Neste, Sweden’s Preem, and Poland’s PKN have also ...

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Britain’s Asda charters own cargo ship to protect Christmas supplies

British supermarket group Asda has chartered its own cargo ship to protect availability of key Christmas products, it said on Monday as it reported a drop in underlying sales in the third quarter. Asda, owned by brothers Zuber and Mohsin Issa and private equity group TDR Capital, said on Monday the ship, carrying 350 containers of festive products including decorations, toys, clothing and gifts, would arrive in the United Kingdom shortly. British retailers are grappling with delays in international supply chains that are being compounded by labour shortages in domestic ...

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European shares stumble as investors focus on earnings and Fed

World shares held just under record highs while European indexes edged lower on Tuesday, as investors focused on earnings and the Federal Reserve’s two-day meeting which ends on Wednesday. Although Wall Street hit new highs on Monday, during the Asian session sentiment became more mixed, with equities and bonds of Chinese property developers down over worries about spreading financial contagion from the China Evergrande Group’s debt crisis. A debt exchange from one of the country’s top homebuilders triggered a flurry of credit warnings. At 0905 GMT, the MSCI world equity ...

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Change the way we manage and use the ocean to deliver the potential of the blue economy, advises IMarEST

The Institute of Marine Engineering, Science and Technology, (IMarEST), is calling for greater understanding of how to take full account of climate change imperatives in ensuring the effective management and delivery of a Blue Economy which could be worth more than $3 trillion1 by the year 2030. The call comes as the Institute hosts its fourth biennial Oceans of Knowledge conference during the week preceding COP 26. The Climate Change and the Ocean conference will focus on three themes: The sustainable use of the ocean and its resources The role ...

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Wilh Wilhelmsen : Changing The Game In Mooring Ropes Safety

Mooring operation is one of the most common activities at ports and terminals, and also one of the most dangerous aspects of vessel operations. Rope and wire-related mishaps are responsible for 95% of personal injury incidents in the maritime industry, with 60% of them happening during mooring operations, according to the European Harbour Masters’ Committee. These incidents usually lead to severe accidents, or even deaths. Over the years, regulators have been actively reviewing and updating rules and guidelines to reduce the number of such accidents. With this heightened emphasis on ...

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Online e-procurement of ship supplies ‘challenging industry mindset’, says Moscord on fifth anniversary

Moscord has brought the digital retail revolution to shipping with the first global online marketplace for ship supplies but says much of the conservative industry has still to realise significant potential cost savings by switching from traditional procurement processes five years after its launch. Dubbed the ‘Amazon of the Seas’, the Singapore-based company now has some 500 vessels onboard its unique platform to source everything from stores and technical consumables to spare parts such as valves, filters and electro components. The independent platform enables crew members to order online from ...

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COVID-19 comeback, hydrogen push may initiate South Korea’s long-term crude import downtrend

South Korea’s crude oil imports rose for the third consecutive month in June amid a robust economic recovery, but a new wave of COVID-19 cases could put immediate brakes on the momentum, while refiners’ growing focus on hydrogen may kick off a long-term downtrend in crude purchases. The world’s fifth-biggest crude importer received 80.165 million barrels, or 2.67 million b/d, in June, up 7.4% from 74.659 million barrels a year earlier, showed latest data from state-run Korea National Oil Corp. The country’s refinery feedstock requirements and fuel demand increased in ...

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Dollar dips ahead of Fed meeting, cryptocurrencies jump

The dollar slipped against a basket of currencies on Monday as investor focus turned to this week’s Federal Reserve meeting, while cryptocurrencies jumped to their highest levels in weeks. The euro ticked 0.3% higher to $1.1797 ahead of Ifo’s business climate index for Germany, which will be out at 0800 GMT. The yen also gained 0.4% to 110.11 yen per dollar. Cryptocurrency bitcoin jumped 10% to over a five-week high of $39,850, while ether gained 7.35% to $2,353 after London’s City A.M. newspaper cited an un-named “insider” on the weekend ...

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Seafarers are “vigilant” while at work, Jamaica survey finds

The serious dedication needed by seafarers operating a modern merchant ship as it travels the globe delivering world trade is reflected in the findings of a new survey conducted by the Maritime Authority of Jamaica (MAJ) as part of its activities in support of this week’s Day of the Seafarer (June 25). MAJ asked seafarers to rate their feelings before leaving home, on their first day at sea, at the beginning of a shift, and at the end of their contract. Almost 58% of seafarers who took part in the ...

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ZIM and Alibaba.com Announce the Extension of Their Commercial Cooperation Agreement Until 2023

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, and Alibaba.com, the world’s leading B2B eCommerce platform and a business unit of Alibaba Group (NYSE: BABA), announced yesterday that they will extend their cooperation agreement for two more years. The agreement which enabled Alibaba.com sellers to book and purchase sea freight on ZIM and logistic services from ZIM Logistics China, a wholly-owned subsidiary of ZIM, has now been expanded to include serving Alibaba.com buyers as well. This collaboration helps Alibaba.com offer its customers a more affordable ...

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Konecranes instills new Generation 6 mobile harbor cranes with a genetic code for the future

ESP – Electric, Smart, Powerful: Konecranes Gottwald Generation 6 Mobile Harbor Cranes are built on this genetic code. They combine technology proven a thousand times over with innovation, and offer not only high performance and eco-efficiency but a high level of intelligence, too. With its new Generation 6 Mobile Harbor Cranes, Konecranes has transformed industrial megatrends and current port developments in ports and terminals into high-performance cargo-handling technology. The initial six crane models with maximum lifting capacities of 200 t and radii up to 64 m stand for sustainability, de-carbonization ...

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