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Hyundai suspends China plant for a week amid political spat: report

SEOUL: South Korea’s Hyundai Motor has suspended production at one of its Chinese factories for a week, a media report said on Sunday, fuelling concern that a diplomatic standoff may be hurting sales in the automaker’s top market. South Korean companies, from cosmetics firms to retailers, say they are being targeted in China because of Beijing’s objections to a planned ...

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Chinese Seafarers Work Longer Hours

Captain Kuba Szymanski, Secretary-General of InterManager has urged the maritime industry to take notice of the findings of a new fatigue study as the industry recruits aspiring seafarers.The study, undertaken by InterManager and The Warsash Maritime Academy, found a clear divide between European and Chinese seafarers with European seafarers working fewer hours than their Chinese colleagues. Chinese seafarers on dry ...

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Qatar 2022 stadium achieves major construction milestone

Al Rayyan Stadium, the proposed host venue through to the quarter-finals for the 2022 FIFA World Cup Qatar, achieved a major milestone today as the first concrete was poured at the location of the stadium’s West stand five weeks ahead of schedule. The main contractor for Al Rayyan Stadium is a joint venture between Qatar-based Al-Balagh Trading & Contracting Company ...

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Brent crude slides, but on track for third week of gains

  Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week. International benchmark Brent futures were trading at $50.50 per barrel at 0840 GMT, down 39 cents from their last ...

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Floating Production Market Downturn: Time to Retry Standardization

There have been no orders to date for floating production (FPS) units in 2016, and the current downturn represents an opportunity for the industry to move towards a more standardized approach to FPS engineering, says Douglas-Westwood (DW) analyst Ben Wilby. “This has been debated for many years, without significant progress to date.” Standardization in this context means sharing information and ...

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Extending the Great Silk Road into Central Africa

The Great Silk Road is an ancient trading route that dates back some 3,000-years which connected across Asia between China and the Mediterranean lands. Advances in maritime transportation technology that date back over 1,000-years moved the trade from land to sea. Boats with a central longitudinal-vertical plank installed under the hull, a triangular sail and a plank at the stern ...

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Hijacking Shows Growing Piracy Risk Off Nigeria

  On Monday, Nigerian authorities reported the arrest of six suspected pirates and gave new details on the recovery of the product tanker Maximus (ex name SP Brussels), highlighting the growing risk of piracy in the region. Rear Admiral Henry Babalola said that the suspects’ apprehension followed an intense firefight that killed another alleged pirate. “The hijackers . . . ...

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New Tool Evaluates NSR Container Shipping Viability

  A new study examining the commercial opportunities of Arctic shipping by the Copenhagen Business School (CBS Maritime) concludes that the navigation season on the Northern Sea Route (NSR) will remain too short for investments in ice-class vessels to be economically viable until around 2040. Only then could the Arctic shipping route become competitive.The calculations presented for a container ship ...

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Tanker Collision, Four Injured, Four Missing

  A product tanker has collided with a sand carrier of Zhoushan in China leaving four hospitalized and another four missing. The product tanker Zi Yun 1 was attempting to overtake the sand carrier Guoliang 399 when it collided with the vessel which subsequently sank. Strong currents in the area are thought to have contributed to the accident. Guoliang 399 ...

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U.K. Ferry Company Fined Over Deckhand’s Death

  The company which ran the Woolwich free ferry where a man died while working on board in August 2011, has been found guilty of failing to ensure the health and safety of its crew. On October 21, Serco Limited was fined £200,000 ($300,000) after being found guilty after a trial lasting eight days at the Inner London Court. Benjamin ...

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