Monthly Archives: July 2021

Backlogs in the supply chain make Chicago a new choke point

Chicago is emerging as a new bottleneck in the global supply chain as rail, trucking and logistics companies grapple with a spate of imports from Asia reaching the Midwestern freight hub. Union Pacific Corp. and BNSF Railway Co. have limited container shipments to their overcrowded cargo handling terminals in the …

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Global Shipping Business Network introduces blockchain solution in China

Hong Kong-based technology consortium Global Shipping Business Network (GSBN) has launched its first blockchain-enabled application, Cargo Release, in China. Cargo Release uses blockchain technology and offers a paperless, transparent solution that connects all parties involved in the import port, including shipping companies, consignees, their agents and terminals. By eliminating the …

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Another consortium is aimed at the success of ScotWind

A group of offshore wind power companies and funds announced today that they are jointly participating in Crown Estate Scotland’s ScotWind leasing process. The NextGen consortium, led by Quaybridge Scotland, Parkwind and Maple Power, is supported by strategic partners such as BlackRock Real Assets and Sumitomo Corporation. From a base …

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Global Shipbuilding and Ship Parts (Containers, Passengers, and Ships) Market Research Report 2021-2026: Rising Marine Budgets and Advanced Technology and Digital Transformation for Shipbuilding – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – Added the report “Shipbuilding and Ship Parts Market Research Report by Type (Container, Passenger, and Ship), by End-User (Defense and Logistics Companies) – Global Forecast to 2026 – Cumulative Impact of COVID-19” has been added. ResearchAndMarkets.com to offer. The global shipbuilding and ship parts market …

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More coronavirus cases found on WA ship | The standard

News, national Two other crew members aboard a cargo ship docked in Fremantle have tested positive for the coronavirus as Western Australia continues to tighten its border controls. The new cases mean 10 out of 14 crew members aboard the BBC California ship have tested positive since the ship arrived. …

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COVID updates: Victorian lockdown won’t end as planned on Tuesday, NSW records 98 new local cases – as happened

WORLD NEWS: “Freedom Day” tarnished by increasing infection rate British Prime Minister Boris Johnson’s “Freedom Day”, which ended with COVID-19 lockdown restrictions in England for over a year, was marred on Monday by rising infections, warnings of supermarket shortages and his own forced self-isolation. Mr Johnson’s bet that he can …

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Find diamonds in the harsh areas of the global supply chain

There has never been a time when supply chains have been challenged as they are now. A simple look at current business reports and income statements often reveals more mentions of supply chain disruptions and logistical challenges than product or service innovations. Even consumers who are regularly confronted with bottlenecks …

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STEUERMANN: Support of the water transport

On July 9, 2021, President Biden issued the “Executive Order on Promoting Competition in the American Economy”. Outside of the business press, there hasn’t been much media coverage of it because the order is lengthy and, rather than announcing a new law, it mainly focuses on telling its agencies to …

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Mediterranean captivity and acts of flight

About two years ago, in June 2019, a group of 75 people was stranded in the central Mediterranean. The migrant group tried to flee Libya to reach Europe, but drifted at sea after running out of fuel. Watched by European air forces, they saw a ship on the horizon slowly …

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FBI Suspects US Company Evading Sanctions to Deliver WMD technology to Russia – reports

The FBI and the US Attorney’s Office are investigating an American company that allegedly circumvented sanctions to supply laboratory equipment for Russia’s weapons of mass destruction program The Daily Beast reported Tuesday, citing newly unsealed documents it had received. According to federal court documents, Intertech Corporation “intentionally forged shipping documents, …

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Global trade: Global trade and shipping chaos are facing a new problem. Slow vaccinations for seafarers

Seafarers’ vaccinations around the world are happening too slowly to prevent outbreaks on ships from causing further trade disruptions, endangering maritime workers and potentially holding back economies as they try to break out of the pandemic slowdown. Infections on ships could further damage already strained global supply chains, especially as …

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SeAH Wind, Smulders UK investment to create 1,000 jobs

New investments by the offshore wind foundation manufacturers SeAH Wind and Smulders, supported by the UK government, in their production facilities in Great Britain are intended to create and secure more than 1,000 jobs in the north-east of England and in the Humber. The companies’ facilities on the Humber and …

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Surveillance buoy for marine mammal research off the Atlantic coast

Surveillance buoy for research on marine mammals off the Atlantic coast July 6, 2021 Technology provides environmental data for offshore wind Photo by Mark Baumgartner, Woods Hole Oceanographic Institution The Maryland Department of Natural Resources (DNR), Maryland Energy Administration (MEA), University of Maryland Center for Environmental Science (UMCES) and Woods …

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Jack Harlan Sweet | Obituaries

Jack Harlan Sweet, 88, of Ontario passed away late Wednesday evening, June 23, 2021, at Avita Health System-Ontario Hospital. He was born on December 11, 1932 in Mount Vernon, Ohio, to the late Kenneth Harley and Phyllis Hope (Workman) Sweet. Jack attended schools in Mount Vernon and graduated with the …

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The highlights of the Zacks Analyst Blog: Continental Resources, Grindrod Shipping Holdings, Conn’s, Rocky Brands and The Children’s Place

For immediate publication Chicago, IL – July 6, 2021 – Zacks.com announces the list of stocks featured on the Analysts Blog. Every day, the analysts at Zacks Equity Research discuss the latest news and events that affect stocks and the financial markets. Stocks recently featured on the blog include: Continental …

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Silverstream completes installation on Vale Newbuild Sea Victoria

Silverstream® system Published July 5, 2021 8:21 PM by The maritime executive [By: Silverstream Technologies] Cleantech company Silverstream Technologies announced today that it has recently completed the installation of its market-leading air lubrication technology, the Silverstream® system, on the newly built ore carrier Sea Victoria, which has been chartered by Vale. …

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10 units are expected to be

More FPSO contracts were awarded in the second quarter of 2021 than in all of 2020, with Rystad Energy expecting FPSO awards to hit a total of 10 units in 2021. Rystad has also noted subdued interest from suppliers in some of the recent FPSO tenders, citing a near full …

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Why Castor Maritime fell another 15% in June

What happened Shares in Castor Maritime (NASDAQ: CTRM) had that sinking feeling again in June, falling another 14.6% after being torpedoed with a 39% decline in May. However, that decline actually came after the month of its first quarter earnings report started with a 19% gain, showing that it has …

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Deputy Minister of Shipping travels to Athens

share0 Deputy Minister of Shipping Vassilis Demetriades is paying an official visit to Athens from Sunday to Tuesday. “I will travel to Athens to discuss the current challenges facing shipping with my Greek counterpart in order to further strengthen bilateral cooperation and to step up efforts to achieve the goal …

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“Big” oil leak during ship demolition in Georgia

BRUNSWICK, Ga. – A large amount of oil escaped a barrier after it was released when crews dismantled an overturned cargo ship along the Georgia coast, the Coast Guard said Thursday. Coast Guard Petty Officer 2nd Class Michael Himes said it was difficult to gauge how much oil had spilled, …

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Zuyderzee Capital recruits former DVB shipping experts

The Dutch investment and consulting company Zuyderzee Capital has founded a joint venture with the former DVB Bank investment managers Edwin Jager and Roland Rutgers van Rozenburg to offer ship investment management. The new entity, named Zuyderzee Shipping & Intermodal Investment Management, sees Jager and van Rozenburg as directors who …

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FPSO awards are expected to increase

Offshore employees Oslo, Norway – The FPSO market is booming this year, with more orders in Q2 2021 than all of 2020. Rystad Energy expects FPSO awards to reach 10 units in 2021, with another 10 to follow next year. Four FPSOs were awarded in the second quarter, and the …

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