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Tuesday, 23 July 2019
Smart devices able to transform value of shipping container equipment
 
Smart devices have the ability to significantly transform the utility and value of shipping container equipment assets, according to Drewry’s latest Container Census & Leasing Annual Review & Forecast 2019/20 report. Smart containers have expanded in prominence in a very short space of time and the pace of adoption is expected to be faster over the next five years.
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Tuesday, 23 July 2019
OCIMF launches guidance for vessels sailing in Strait of Hormuz
 
Following the attacks that took place near the port of Fujairah and the Gulf of Oman, OCIMF presents measures to be implemented and guidance so that the crew and the vessels are safe when sailing through the spiked area.
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Tuesday, 23 July 2019
San Marino Republic to use blockchain to achieve carbon neutrality
 
An MoU was signed between the Republic of San Marino, Republic of San Marino Innovation Institute S.p.A, DNV GL Business Assurance Group AS and VeChain Foundation Limited, to guide the Republic toward the adoption of the blockchain technology. The blockchain MoU, aims to define models able of incentivizing sustainable behavior from citizens.
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Tuesday, 23 July 2019
Watch: Iranian flag flies from seized Stena Impero
 
Iran released a video of the Iranian flag flying from the seized British-flagged tanker Stena Impero. The Stena Impero was seized on Friday, July 19, reportedly because it was breaching international maritime law. In the meantime, the UK seized an Iranian-flagged vessel, Grace 1, for illegally shipping oil to Syria, against US sanctions.
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Tuesday, 23 July 2019
China could overtake Japan as top LNG importer by 2022
 
Japan could lose its pole position as the world’s top LNG importer to China as early as 2022, according to a new report by energy consultancy Wood Mackenzie. By then, LNG imports in Japan are expected to decline 12% to 72.8 mmtpa compared to 2018, while China’s import volume rises 37.5% to 74.1 mmtpa.
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Tuesday, 23 July 2019
Port of Sines soon to be expanded
 
Portugal and Sines Port Authority have agreed regarding the expansion and completion of the third phase of the Terminal XXI expansion works. The overall project is expected to cost a total of €547 million. Terminal XXI will now have a 1,950-metre quay, as well as a 60-hectare storage area. This will enable the capacity to be increased from 2.3 million TEU, to 4.1 million.
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Tuesday, 23 July 2019
Watch: How innovations transform consumer goods industry
 
Technology giant IBM issued a new video explaining how new technology trends, like Artificial Intelligence, Internet of Things and Blockchain, are expected to transform the consumer goods industry in a current landscape, where consumer demand pushes for more and more innovations in the industry. 
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Tuesday, 23 July 2019
Singapore stocks up LSFO ahead of 2020 sulphur cap
 
Oil traders are chartering more ships, while they are are trying to find fuel oil storage tanks in and around Singapore, the world’s top bunkering port, aiming to ensure compliance with the upcoming 2020 sulphur cap. This move has increased lease rates for tank storage in Singapore, as well as the number of supertankers floating in Singapore and Malaysian waters.
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Tuesday, 23 July 2019
Vietnam claims China violated sovereignty in South China Sea
 
In continuation of a year-long dispute over territorial waters, Vietnam accused Friday a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters. 
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Tuesday, 23 July 2019
AMSA reviews the development of standards for domestic commercial vessels
 
To ensure standards are fit for purpose for the domestic industry, the Australian Maritime Authority (AMSA) is reviewing its approach to setting standards. For this reason, in August 2019, AMSA will be consulting with individual stakeholders, focusing on those who have regular, direct interaction with the technical standards.
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