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Sumitomo Heavy Industries wins AIP for medium-size LNG dual-fueled tanker

first_imgSumitomo Heavy Industries Marine & Engineering Co., a wholly-owned subsidiary of Sumitomo Heavy Industries, was granted an Approval in Principle (AiP) from Lloyd’s Register for a medium-size tanker equipped with a high-pressure LNG dual-fuel system. “And we will remain focused on supplying our customers with environment-friendly ships with a greatly reduced environmental footprint in all areas, including greenhouse gases.” High-pressure LNG that has been pressurized to approximately 300 bar will be supplied to this main engine through an LNG pump and vaporizer. Image courtesy: Sumitomo Heavy Industries Furthermore, the engine has the capacity to substantially reduce the methane slip, which tends to be emitted into the atmosphere from dual-fuel engines.center_img The tanker will far exceed the level of Phase 3 of the Energy Efficiency Design Index (EEDI), which will be mandatory to ships deployed in the international trade.“We are committed to doing our part in realizing a sustainable shipping industry. Accordingly, we will continue meeting social demands by fully utilizing our technical and developmental capabilities,” Sumitomo said. As such, Sumitomo said that the vessel can substantially reduce the amount of sulfur oxide (SOx), nitrogen oxide (NOx) and carbon dioxide (CO2) contained in the engine exhaust gas by using LNG as primary fuel. The shipbuilder said that a ME-GI type main engine designed by MAN Energy & Solutions will be installed on the vessel, enabling the vessel to save fuel. last_img read more

Striker Daniel Sturridge lifts Liverpool with training return

first_img The England international has not played since April 8 and after a hip operation in May he has spent much of the summer on a rehabilitation programme in the United States. He returned to Melwood for individual sessions in late August and Press Association Sport understands he has now joined training with the rest of the first-team squad. Liverpool have been boosted by the return to training of striker Daniel Sturridge but it may still be too soon for him to feature in Saturday’s trip to Manchester United. When he first had surgery it was expected Sturridge could be sidelined until October, but manager Brendan Rodgers was more positive with his outlook early this season and the 26-year-old appears to be progressing well. Rodgers has insisted he will not rush back Sturridge, who had a catalogue of injury problems last season which ruled him out for a total of six months, and erring on the side of caution suggests it is unlikely he will feature at Old Trafford. However, with Liverpool’s Europa League campaign beginning next week in Bordeaux his presence within the squad is a welcome one. Midfielder Lucas Leiva, who is likely to feature against arch-rivals United with captain Jordan Henderson still recovering from a heel injury, admits the outcome of Saturday’s match can be significant for the victors. But he believes Liverpool have to tackle it as they would any other. “The two teams arrive in a similar situation with a lot of new players, a lot of new signings,” he told liverpoolfc.com. “It’s probably one of the biggest games of the season. I think if you get a good result there it can give you a lot of belief and confidence going forward. “It’s a team that will be challenging for the top four and titles so it’s a good opportunity for us to put the result against West Ham (a 3-0 home defeat) behind us and start again. “We have to try to approach it the same way we approach every single game but we know there is a lot of talking and the fans are more excited about it.” center_img Press Associationlast_img read more

Watch Ohio FFA Convention Session Two Here

first_imgShare Facebook Twitter Google + LinkedIn Pinterest If you’re having issues watch the video below, please refresh the page or watch the video on our Facebook page at this link.Continued coverage: Watch part one of Session Two at this linkWatch part two of Session Two at this linklast_img

6 New Country Souvenirs Now Available

first_img SharePrint RelatedAhoy New Souvenir! — Pirates Bay – Corfu (GC1X5VF) — Geocache of the WeekDecember 18, 2014In “Geocache of the Week”It’s time to get stealthy. – Atomium – stealth challenge (Expo58) (GC1EG4C) – Geocache of the WeekDecember 11, 2014In “Geocache of the Week”7 Souvenirs of August FAQJuly 8, 2014In “7 Souvenirs of August” Share with your Friends:More As of today, you can earn six new country souvenirs for your Geocaching profile. Country souvenirs are virtual pieces of art that are displayed on your Geocaching profile page when you find a geocache in certain locations.The new souvenirs are available for:– Croatia– Italy– Belgium– Brazil– Greece– MexicoIf you’ve already found a geocache in any of these countries, you’ll automatically receive the souvenir on your profile. Souvenirs that are currently available can be found here. You can view which ones you’ve already earned by checking out your Souvenirs on Geocaching.com.Out of all the Geocaching Souvenirs you’ve earned, which one is your favorite? Tell us on the Geocaching Facebook page, then go out and earn these six new souvenirs!(Hier kannst Du den Artikel auf deutsch lesen)last_img read more

Is It Really Time To Get Excited About BlackBerry 10? [Poll]

first_imgWhy IoT Apps are Eating Device Interfaces What it Takes to Build a Highly Secure FinTech … dan rowinski Related Posts Research In Motion on Monday began teasing its newest smartphone today by showing a vague picture of the back of one of its new BlackBerry 10 devices on its website. There is not much to see. Looks like a rubberized back panel with maybe a power button on top and volume control on the sides. Really, it is not much to get excited about.Or is it? Is BlackBerry Sentiment About To Turn?As the long-delayed BlackBerry 10 readies for its launch announcement on January 30th, sentiment may be starting to turn for the beleaguered Research In Motion. Wall Street analysts have given a yellow light to RIM’s stock rating (as opposed to the bright red light it has been facing for several years) and what we’ve seen of BlackBerry 10 so far do not automatically tell us that the operating system will be a dud. People might even be starting to care about BlackBerry again – and caring about BlackBerry has not been particularly popular for the last three years or so. For instance, the BlackBerry 10 phone teaser picture has seen a variety of press coverage, both from the popular tech blogs and even some in the mainstream media. Yes almost every new mobile device garners some press attention, but successfully adding its forthcoming BlackBerry 10 smartphones back into the conversation is a big win for BlackBerry.One reason is that RIM has simply not released anything worth a damn since (loose approximation) the BlackBerry Bold 9000. If anything, RIM created bit of a morbid curiosity around BlackBerry 10 by going on a world developer tour to show off the “Alpha” version of its new operating system. And then there’s the fact that the new line of BlackBerry smartphones has already been delayed several times before RIM finally pledged to annnounce the new phones in January. Everybody loves a good train wreck, and in the mobile industry there has been no bigger derailment then RIM’s fall from grace. Android, Not iPhone, Killed BlackBerrySince RIM started its rapid decline, the smartphone world has turned into a virtual duopoly between Google’s Android and Apple’s iPhone. Many point to the iPhone as the harbinger of RIM’s downfall, but BlackBerry’s real killer has been Android. Nearly 75% of global smartphone shipments in the third quarter of 2012 were Android, leaving little room for its rivals.Oddly, this may work in RIM’s favor. The BlackBerry 10’s long-delayed launch may avoid the overcrowded holiday device launch season . RIM has situated the BlackBerry 10 launch to fall directly between the two biggest mobile conferences of the year – right after the Consumer Electronics Show in mid-January and right before Mobile World Congress in Barcelona in February. For a moment, at least, RIM will have the stage all to itself. Building AnticipationRIM’s job now is to build as much anticipation as possible. Today, we got the backside of a new BlackBerry 10 device. Next, we might get a peek at the bezel. It is a predictable form of viral marketing but, in it’s really about all RIM has going right now.So is it time to start getting excited for BlackBerry 10? Or is Research In Motion just playing the hype cycle game? Take the poll below and let us know what you think:center_img Tags:#BlackBerry#RIM#smartphone Role of Mobile App Analytics In-App Engagement The Rise and Rise of Mobile Payment Technologylast_img read more

MOL to Ship Alufers Bauxite from Guinea

first_imgzoom Japan’s shipping major Mitsui O.S.K .Lines (MOL) has signed an agreement to transport bauxite for a five-year period with mineral exploration and development company Alufer Mining Limited.Under the agreement, MOL’s ocean shipping services would support Alufer’s Bel Air bauxite mine project in the Republic of Guinea, which is scheduled to commence bauxite production in the third quarter of 2018.The company estimated that the project would reach production of 5.5 million tonnes per annum.Alufer, which has significant bauxite interests in Guinea, received all required permissions from the country’s government to building the Bel Air bauxite mine and construction started in January 2017. The mine is located 15 km from the coast near the Cap Verga peninsula.The company is also building and will operate the new Cap Verga export facility which will enable the loading of Capesize vessels anchored 32 km from the coast.MOL informed that it continues “to take a proactive stance in providing safe, reliable and efficient transport of bauxite” from the Republic of Guinea and anticipates strong growth in demand for this commodity. The current market for seaborne bauxite is around 100 mt per annum and is forecast to grow 40% by 2025, primarily driven by import requirements in China.last_img read more

Indigenous tourism prepares for an Alberta boom

first_imgWhile Travel Alberta has been targeting jetsetters from all over the world, the province’s Indigenous businesses want to make sure they’re a stop for those with a ticket to Wildrose country.The 2017 International Aboriginal Tourism Conference is wrapping up at the Grey Eagle Resort and Casino in Tsuut’ina Nation on Tuesday, and Alberta was identified as a major area for growth.“There is a tremendous visitor demand within Alberta itself and of course we’re seeing a lot of new international interest,” Keith Henry with the Indigenous Tourism Association of Canada said. “The fact is Alberta offers a key gateway for many destinations internationally.”The association estimates there are about 90 Indigenous businesses in the province’s tourism sector offering cultural activities, tours, accommodations and other services.Henry wants to make sure they’re capitalizing on international opportunities.“China is a growing market, a growing market that’s not just coming into Alberta generally, but that Chinese market is very much interested in Indigenous culture,” he said.Henry points to the provincial government and Travel Alberta’s goal of making tourism a $10 billion industry by 2020 and the association said it wants to ensure operators are part of the marketing growth.last_img read more

Bank of Canada releases discussion paper on merits and risks of digital

first_imgCALGARY – The Bank of Canada is considering the merits and risks of digital currencies as interest in cryptocurrencies like Bitcoin reaches a fevered pitch.In a research paper released by the central bank Thursday, report authors Walter Engert and Ben Fung said there are merits to creating a central bank digital currency as society starts to move away from cash, and the bank’s potential to reap profits off issuing that cash could be threatened.The staff discussion paper, which doesn’t necessarily reflect the views of the bank, said a central bank digital currency (CBDC) could become a cheaper alternative to debit and credit cards and other forms of payment, making it easier for competition to emerge in the retail and large-value payment sectors.“With no transaction fees charged by the central bank, the benchmark CBDC would probably be less expensive for merchants than cash and credit cards.”The report, which discounted some of the other proposed benefits of a digital currency such as reduced criminal activity, said that given the complexity and uncertainty around the currency’s potential that central banks should proceed incrementally and cautiously.The findings echo a bank report in March that looked into the potential of using the decentralized blockchain technology that underpins the digital currencies in clearing financial transactions.The report said there are potential cost-savings and the system has already advanced from early days, but that the net benefits didn’t match those of the existing centralized system, and that the added complexity of the proposed system could lead to increased operational risk.But while financial institutions continue to strike a cautious note towards cryptocurrencies and the blockchain technology that underpins it, investors are piling in.The value of Bitcoin, the most well-known cryptocurrency, has surged from about US$1,000 per coin at the start of the year to more than US$11,000 per coin this week, while Ether has gone from under US$10 to over US$400.This year’s frenzy is in part because of the launch of the Ethereum platform in 2015 that allows companies to build applications based on the blockchain, said Alan Wunsche, chair of industry group Blockchain Canada.The platform, which uses Ether for transactions, made it easier to create and try new uses of the decentralized system. The system has led to lots of experimentation, including by banks, with some of those showing real potential last year and helping boost valuations this year, Wunsche said.“There are big visions and big plans for this technology to disrupt our existing financial systems and anything that is really financially oriented.”“In 2017 we’re seeing the broader belief now that those experiments that were taking place in 2016 are really going to be fruitful,” said Wunsche.The jump in interest has forced financial institutions and regulators take it serious and try and catch up, said Wunsche, who is also CEO of blockchain start-up TokenFunder.He said he worked with the Ontario Securities Commission for a year to launch in early November what he said was the only regulatory-compliant token issue in Canada, which blockchain start-ups are using as an alternative to venture capital to raise money.“The regulators understand that this is disruptive, and they’re looking at it.”Some start-ups have already made stumbles in the rush to get in on the rising valuations, with Toronto-based blockchain investor NextBlock Global suspending its IPO in early November after allegations that it made misleading statements in its marketing materials.last_img read more

CIBC CEO heeds caution on technology amid cyberthreats bullish on US

first_imgTORONTO – Adopting technology too fast can create more risks amid a growing cybersecurity threat for the financial system as a whole, said the Canadian Imperial Bank Of Commerce’s chief executive.CEO Victor Dodig made the comments Wednesday during a presentation to investors when asked about potential risks as the bank targets between five to 10 per cent earnings growth over the next three years, fuelled by its U.S. business.“If any particular institution is affected, the entire system gets affected,” Dodig said.“We have to work as a unified voice, and a unified industry to make sure that we are investing for cybersecurity and resilience of the Canadian system… and the U.S. system and the global financial system overall. That’s something that we all need to be mindful of,” he told investors.“So as new technologies come in, adopting too fast can create more risks.”His comments come days after Canada’s privacy commissioner opened a formal investigation into a large data breach that ride-sharing company Uber publicly disclosed in November that may have impacted 815,000 Canadian riders and drivers. The privacy watchdog continues to probe a data breach earlier this year at credit company Equifax that impacted 145 million Americans and about 19,000 Canadians and, in some cases, included credit card information.Dodig’s concerns also come as Canada’s fifth-largest bank was bullish on its earnings growth ahead on the back of the acquisition of Chicago-based PrivateBancorp for roughly US$5 billion in June.Dodig estimated that its U.S. business would account for 17 per cent of its earnings by 2020. That’s up from six per cent in 2015 and nine per cent this year, Dodig added, and in line with CIBC’s previously stated target of generating roughly 25 per cent of its earnings south of the border in the long term.CIBC’s latest quarterly earnings got a 25 per cent bump to $1.16 billion, helped by the first full quarter since the acquisition.“One of the risks that we faced as an institution was we had a high reliance on one market for our business,” he told investors. “And we told you three years ago that we’re going to diversify away from that. We’re diversifying into a market that’s also deposit rich.”Dodig also said he expects that growth to be largely organic and the bank is not looking at any other major acquisitions.Meanwhile, CIBC (TSX:CM) also said it is considering a U.S. stock listing for its Caribbean bank subsidiary.Dodig told investors said no decision has been made, but a U.S. listing would provide FirstCaribbean International Bank access to a larger investor base, enhanced liquidity and greater access to capital to support long-term growth.“We look at various options for our bank in the Caribbean, including listing some of those shares in New York, as a way of tapping into the deepest capital pool. Because it is already a listed company,” he said.FirstCaribbean was formed in 2002 when CIBC West Indies Holdings and Barclays Bank PLC Caribbean operations merged. CIBC acquired Barclays’s stake in 2006 and became the majority shareholder.Based in Barbados, FirstCaribbean has over 2,700 staff and operates in 17 countries. It has stock market listings in Barbados and other small markets in the region.Dodig said FCIB is “performing very, very well even though it’s (going through) incredible natural hardships, particularly over the last little while.”He added that a U.S. listing for FCIB is one of the options under consideration to recognize its value, as CIBC aims to grow its dividends “sensibly” and remain near the midrange of its the dividend payout ratio.last_img read more

Chief forester says no change in Fort St John Timber Supply Area

first_imgFORT ST. JOHN, B.C. — B.C.’s chief forester Diane Nicholls announced today that the allowable annual cut for the Fort St. John Timber Supply Area will remain at 2,115,000 cubic metres.Nicholls said that the new allowable annual cut level will be partitioned into two allowable levels for deciduous and coniferous trees. The cut level for conifers is 1.2 million cubic metres per year, with a maximum of 672,000 cubic metres from the core area – the southern and central part of the TSA. Within the core area, spruce should comprise no more than 50 percent of the conifer volume.A total of 915,000 cubic metres of deciduous species trees will be allowed to be harvested, with a maximum of 512,000 cubic metres annually coming from the central and southern core area. “By maintaining the Fort St. John allowable annual cut, while limiting the amount and species of timber harvested from the southern and central portion of the TSA, I’m confident my decision supports the sustainability of the timber supply,” said Nicholls.She said that the partitions address public and First Nations concerns that timber harvesting is concentrated in the core area of the TSA and impacts wildlife habitat. The chief forester’s determination takes into account winter range for ungulates, including boreal caribou, mountain caribou and Stone’s sheep, as well as habitat requirements for other wildlife, which are managed by excluding or limiting harvest in wildlife habitat areas.The leading tree species are white spruce, lodgepole pine, aspen and black spruce. There are also minor amounts of subalpine fir, birch, balsam poplar and larch present. The Fort St. John TSA covers about 4.6 million hectares in the northeast corner of B.C., and includes the communities of Fort St. John, Taylor, and Hudson’s Hope. There are two sawmills and one oriented strand board facility currently operating in the Supply Area.In the western portion of the timber supply area, the Muskwa-Kechika Management Area contains protected areas and special management zones that maintain wilderness and wildlife habitat areas.last_img read more