UK’s Energy Minister to Open Wave & Tidal 2014

first_imgRenewableUK has announced that The Rt Hon Gregory Barker MP, Minister of State for Energy and Climate Change will be giving the keynote address at Wave & Tidal 2014 in Belfast.Gregory was elected Conservative MP in Sussex in June 2001 and served on the House of Commons Environmental Audit select committee between 2001 and 2005. He was appointed to the opposition front bench as a Conservative Whip in 2003.Gregory served as Shadow Minister for the Environment from 2005 to 2008, where he led the led the passage of the Climate Change Bill for the Opposition through the House of Commons, and as Shadow Minister for Climate Change between 2008 and 2010. He was appointed Minister of State for DECC in May 2010.[mappress]Press release, November 22, 2013; Image: DECClast_img

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Maersk Satisfied with Results

first_imgDanish shipping giant Maersk Line delivered a profit of USD 685m, improving by USD 131m compared to Q3 2013, according to the third quarter results of the Maersk Group.Maersk said that the improvement was driven by lower unit costs through the continuous focus on operational cost savings mainly from vessel network efficiencies supported by an increase in the average freight rate.Return on invested capital (ROIC) improved from 10.9% in Q3 2013 to 13.5% in Q3 2014. The underlying result excluding one-offs came at USD 660m (USD 539m).Revenue of USD 7.1bn was 4.3% higher than Q3 2013, positively impacted by a volume increase of 3.7% to 2,401k FFE as well as by the average freight rate increasing 0.9% to 2,679 USD/FFE.Recognised freight revenue was USD 6.5bn (USD 6.1bn) and other revenue USD 599m (USD 662m). According to the report, unit cost decreased by 0.9% to 2,597 USD/FFE mainly driven by vessel network efficiencies and decreased bunker consumption.Maersk Line’s nominal fleet capacity increased by 6.3% and the average vessel size increased by 5.6% compared to Q3 2013. Idle capacity at the end of Q3 2014 was 1k TEU (one vessel) versus 24k TEU (seven vessels) at the end of Q3 2013. Maersk Line’s idle capacity corresponds to less than 1% of total idle capacity in the marketEight Triple-E vessels totalling 144k TEU are on order for delivery during 2014-2015. One Triple-E container vessel suited for the Asia-Europe trade will be delivered during Q4 2014.The global market showed moderate growth of above 3% in Q3 2014 compared to Q3 2013, slightly lower than demand growth during the first half of 2014.Maersk added that the global demand is currently being led by advanced economies while imports to emerging countries are slowing down. At the end of Q3 2014, the global container vessel fleet were at 18m TEU, an increase of 5.4% compared to a year ago.While 367k TEU (53 vessels) were delivered during Q3 2014, only 44k TEU (30 vessels) were sent for demolition and idling was as low as 1.2% at the end of the quarter.New ordering amounted to around 300k TEU (36 vessels), keeping the order book close to 20% of the fleet.The underlying profit for the Maersk Group was USD 1.3bn when excluding discontinued operations, impairments and divestments, Maersk said in its interim report.“We are very satisfied with the result for the 3rd quarter of 2014 where we achieved an underlying profit of USD 1.3bn, driven by operational improvements in Maersk Line, Maersk Oil and APM Terminals. Looking at the first nine months, the Group’s underlying result has improved by USD 729m, equalling 25 percent, compared to same period last year. We are well positioned to take advantage of opportunities materialising in a volatile macroeconomic environment, and despite some caution in relation to the market outlook for the coming quarters, we maintain our outlook for the Group result to be around USD 4.5bn for the year,” says Group CEO Nils S. Andersen.Press Releaselast_img read more

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DB Schenker adds to shipment monitoring options

first_imgCompany spokesperson, Ole Constantinescu, has confirmed that whilst the product has been developed mainly for standard seafreight containers, there would be no problem in adopting it for large-scale project cargoes.According to Christopher Regenhardt, corporate manager of DB SCHENKERsmartbox, the product is the only one of its kind on the market, and has proven effective in practice and is in use on all of the world’s main trade lanes.”DB SCHENKERsmartbox offers more than just shipment tracking in real time,” says Regenhardt. “Increased transparency creates the potential to optimise planning of complex transport chains and reduce transit time, which is of key importance for especially valuable shipments.”He added that the solution can also help to directly reduce costs such as insurance premiums.DB Schenker is co-operating with a network of selected carriers, technology experts and insurance companies on this service.As part of the launch of various customer projects in the area of high-quality goods, a special product management team has been created to oversee the service, advise customers and promote continual further development. Cooperation with insurance companies also got off to a successful start, particularly in monitoring containers transporting high-value items.last_img read more

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Tatham Macinnes adds specialist

first_imgAskins, a former Royal Marine, is well-known as one of the leading experts on casualty response and in particular piracy, maritime terrorism and the use of armed guards at sea. He has managed many of the more serious piracy and hostage incidents in recent times. He was also part of the drafting committee which produced GUARDCON, the BIMCO standard contract for the employment of security guards on board merchant ships – widely recognised as contributing to a significant reduction in piracy incidents around the worldAskins is also acknowledged as an expert adviser on the legal and practical issues arising out of operating in complex environments, including Libya, Crimea, the Indian Ocean and the Gulf of Guinea. More recently, he has been dealing with the issues arising out of trading to Ebola-affected areas – helping to develop specific charter party clauses to cover the risks associated with the virus.Askins says: “I am delighted to be joining Tatham Macinnes. It’s a great team with a surprising depth of legal and technical knowledge. The legal market is changing rapidly. The chance to provide innovative and flexible solutions and services to our clients is very exciting.” Tatham Macinnes partner Simon Tatham says, “Stephen’s reputation speaks for itself. His energy and enthusiasm, combined with his all-round shipping experience is a perfect fit for us. Tatham Macinnes has gone from strength to strength over the last three years, and we are very proud that Stephen recognises that and has taken the decision to join us.”www.tatham-macinnes.comlast_img read more

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Good vibrations cut offshore costs

first_imgAt the close of 2015, wind energy majors RWE Innogy, Bilfinger Offshore, DONG Energy, EnBW, E.ON and Vattenfall, joined forces to pioneer a new vibratory pile installation method.The goal was to identify if vibratory piling offers faster and more environmentally friendly method of installing steel foundations for offshore wind farms, in comparison to conventional impact hammering.At an onshore test area near Cuxhaven, Germany, three steel piles were vibrated into saturated, sandy soil, while three piles were hammered conventionally. The 4.3 m diameter monopiles were manufactured at the Steelwind Nordenham fabrication facility, the hammer was supplied by IHC Hydrohammer and the vibrator was supplied by PVE Dieseko. Technical University Braunschweig was responsible for data capture, including installation times and noise emissions, alongside technical experts, certification and regulatory authorities.The piles were left in the ground for four months before undergoing static load testing, which examined how the piles behave when subjected to the kind of lateral load that is typical in offshore conditions.The test identified that vibratory installation significantly reduced peak noise emissions and was up to ten times faster than impact piling. Furthermore, if during the installation process various parameters, such as vibratory frequencies or pile design, are controlled, similar lateral load-bearing capacities to hammered piles could be achieved.Jan Matthiesen, director of innovation at the Carbon Trust, championed the positive results of the trial: “Finding innovative methods to reduce the cost of installation will help to bring down the cost of offshore wind, making it competitive with conventional energy sources. The project results not only demonstrate that vibro techniques could be a viable method for piling, but also evidence of what can be achieved through industry collaboration.”The research project was undertaken as part of the Carbon Trust Offshore Wind Accelerator. “Throughout the project we have collected a lot of important data, that can now be used to further develop the technology to bring it offshore”, explained Ben Matlock from RWE Innogy. www.carbontrust.comlast_img read more

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WATCH: Athlone coach recounts preparations for championships

first_imgLarry Wyngaardt, Muriel Susa and Roefia Adams. Muriel Susa, a member of the Athlone-based Unity sports club, was part of the management team of the WP contingent on the Western Cape team, that came back with 71 gold medals, 35 silver and 25 bronze medals from the national championships in Stellenbosch. To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 videocenter_img Video Player is loading.Play VideoPlaySeek back 10 secondsSeek forward 30 secondsMuteCurrent Time 0:00/Duration -:-Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time –:- Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Video Advertisementlast_img read more

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E-conveyancing venture names new chief

first_imgThe Law Society-backed joint venture developing the Veyo electronic conveyancing system has appointed a new chief executive with a brief to review and evaluate the product.Simon Drane, executive director of business development for the Law Society, takes over today at Legal Practice Technologies. Ian Gray, chairman, said: ‘We are committed to ensuring that Veyo will meet conveyancers’ expectations. Because of this we will only fully launch the product when we are satisfied that it is working well and will add value to the conveyancing process.’Gray added that ‘the first job for any new CEO is to review and evaluate the product. This will identify what needs to be done to make Veyo available to conveyancers as soon as we are satisfied that it has the functions and usability to be a market leader.’A Law Society spokesperson said: ‘We are excited about the development of Veyo. We know from the conveyancing community that it is a good concept and will save conveyancers time and money.‘Simon will be reviewing and evaluating Veyo with a view to launching it when the product has right level of functionality and is easy to use. There is still a considerable demand for Veyo.’last_img read more

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Macfarlanes posts PEP of £1.7m as Mills & Reeve boosts staff bonus pot

first_imgCity firm Macfarlanes has become the latest firm to report a stellar year, posting an increase in its operating surplus and record profit per equity partner (PEP).Operating profit came in at £107m, an increase of nearly 25% on the previous 12 months, while PEP was £1.7m, up 25.5%. Turnover climbed 20% to £201.5m, revealing an operating margin that makes Macfarlanes one of the most profitable law firms in the Square Mile.The firm said the results reflected a great year and one in which nearly all its markets were buoyant.A spokesperson for the firm said: ‘We live in an age of increasing volatility and law firm financial performance is bound to reflect that. Our firm is no different and we expect our results to show variable growth year on year. This year has started encouragingly, but there are many potential headwinds out there. We expect the coming year to be more challenging and we do not expect to enjoy the level of growth that we saw last year every year.’Meanwhile, national firm Mills & Reeve said its staff would be sharing a £2m bonus pot after a ‘stellar year’.The firm did not provide profit figures but said turnover rose to a record £106.3m – an increase of 14% on 2017.‘As a result of the strong financial performance the firm has announced the largest-ever all staff bonus pool of £2m, equivalent to 7% of the firm’s salary bill. This equates to a bonus for every full-time employee who has been with the firm for at least a year,’ the firm said.This equates to a bonus of £2,273 for every full-time member of staff who meets the criterion. Additional sums are awarded to staff who have been with the firm for over three years and five years. There is also a pro rata bonus for members of staff who are part-time and/or who have not been with the firm for the whole financial year.last_img read more

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InFocus: Supply management tossed out; farm bill fails

first_imgOn June 20, 2013, the U.S. House of Representativesvoted to remove the Dairy Market Stabilization Programfrom the dairy reform provisions proposed in the farm bill ona 291-135 vote.advertisementadvertisement At first, the vote seemed like a defeat for thosewho had advocated for the Dairy Security Act for more thantwo years. But then the chamber surprised most everyoneby failing to pass the broader farm bill legislation to whichdairy reforms were attached on a 234-195 vote.Click here or on the image to download a PDF showing a district-by-district illustration of how the whole countryvoted when asked the question: Toss out supply managementfor milk production? PDlast_img

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Wireless Innovation Forum Releases Essential Specifications for US Shared Spectrum 3.5 GHz

first_img Architecture of SAS-CBSD Interfaces Description of SAS-CBSD Message Exchanges CBSD States and State Transitions SAS-CBSD Procedures Message Encoding and Transport Parameters of SAS-CBSD Messages Wireless Innovation Forum’s Spectrum Sharing Committee was specifically formed to develop the solutions and standards that will encourage rapid development of the CBRS ecosystem, protect incumbent operations, and benefit all potential stakeholders in the band. The SSC benefits from participation of a broad-based group that includes wireless carriers, network equipment manufacturers, potential SAS Administrators, satellite operators, existing 3650-3700 MHz band licensees, and other parties with an interest in the 3550 MHz band. The committee has formed multiple sub-groups/task groups, including a Joint WG1/WG3 architecture group and an FSS Incumbent Protection Subgroup under WG1. Participation in the committee’s multiple sub-groups/task groups currently encompasses some 277 participants from over 60 different organizations. Work products from the committee can be found here: http://www.wirelessinnovation.org/work-products-and-public-files.The Wireless Innovation Forum welcomes all interested organizations to participate in our committees.To learn more about membership options or to apply for membership in the group please visit: http://www.wirelessinnovation.org/join. The SAS-CBSD Protocol document also includes references, definitions and history as well as: SAS-SAS Prerequisites SAS-SAS Procedures SAS-SAS Synchronization Message Encoding and Transport Parameters of SAS-SAS Messages Foundational documents published in the past year include: “Interim SAS to CBSD Protocol Technical Report B”; “Interim SAS to SAS Protocol Technical Report B”; “Interim SAS to SAS Protocol Technical Report-A”; and “Interim SAS to CBSD Protocol Technical Report-A”. The newly approved specifications as well as all foundational documents are available here.Announced in February 2015, the SSC supports five working groups, each collaborating working on separate aspects of a common goal: to ensure that the 3.5 GHz band can be successfully commercialized. The SSC working groups are: Operational and Functional Requirements (Interoperability Focus) Security Requirements Protocol Specifications Testing and Certification Operations The Wireless Innovation Forum announced today member approval and public availability of its Spectrum Sharing Committee’s (SSC) highly anticipated signaling protocols and procedures to be used in the U.S. 3.5 GHz Citizens Broadband Radio Service (CBRS) band for the Spectrum Access System (SAS) – Citizens Radio Broadband Service Device (CBSD) and “Spectrum Access System (SAS) – SAS” Interfaces.These standards are the first of their kind addressing the new FCC Part 96 rules for CBRS. Publication of these standards represents a major milestone for enabling U.S. commercialization of the band. Access to spectrum under the Part 96 rules is managed in the CBRS band through the use of a Spectrum Access System (SAS), which protects incumbents from interference from lower tier priority access license (PAL) and general authorized access (GAA) users, and protects PAL users from interference from other PAL users and GAA users.This achievement by the Wireless Innovation Forum’s Spectrum Sharing Committee is the result of an extensive collaboration among diverse stakeholders working diligently for the past two years. These new standards and solutions will enable the rapid development of a robust CBRS ecosystem, protect incumbent operations, and benefit all potential stakeholders in the band. These documents will also lay the foundation for all deployments in the CBRS band and possibly other shared bands in the future.In addition to providing definitions, references, and history, elements included in the SAS-SAS Protocol include:last_img read more

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