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Macau’s balance of trade deficit increases 20% in 2018 – Macauhub

Macau’s balance of trade recorded a deficit of 77.91 billion patacas (US$9.738 billion) in 2018, a 20.6% increase compared with the value recorded in 2017, of 64.568 billion patacas, according to the Macau Statistics and Census Bureau.

The deficit recorded last year was due to exports of US$12.192 billion, a year-on-year increase of 8.1%, and imports of US$90.22 billion, an increase of 18.8% also on a year-on-year basis.

The value of goods exported to the Portuguese-speaking countries (25 million patacas) increased by 2904.2%, while goods exported to the countries in the “Belt and Road” initiative, with the exception of Greater China (346 million patacas) decreased by 3.2%, the Bureau said.

In 2018, Macau imported goods worth 31.52 billion patacas and 22.53 billion patacas, respectively, from Mainland China and the European Union, and the value of products imported from Portuguese-speaking countries (790 million patacas) and “Belt and Road” countries, with the exception of the Greater China region (7.86 billion patacas) grew 21.9% and 17.6%, respectively.

The total value of foreign trade in 2018 reached 102.30 billion patacas and increased by 17.4%, compared to 87.13 billion patacas in 2017. (macauhub)

Fonte: https://macauhub.com.mo/2019/02/01/pt-defice-da-balanca-comercial-de-macau-agrava-se-20-em-2018/

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HMM and PSA take control of Busan Port | Brazil Modal

 

Over 100 participants joined the signing ceremony hosted at the PHPNT office in Pusan, including Young-Choon Kim (Minister of Oceans & Fisheries of Korea), Kichan Nam (President Busan Port Authority), C. K. Yoo (HMM President & CEO), and Roger Tan Keh Chai (PSA Regional CEO Northeast Asia).

This sales contract includes that the private equity fund, Yuanta-HPNT, which was established by HMM and PSA’s investments of 80% and 20%, respectively, will acquire stakes of Waska Inc. which holds 50% stakes of PHPNT.

The total investment amount will be KRW 221.2 billion which consists of HMM and PSA’s investment of KRW 177 billion (including Korea Ocean Business Corporation’s investment of KRW 50 billion) and 44.2 billion, respectively. As result, HMM becomes co-owner of PSA-Hyundai Pusan New Port with PSA, each with 50% equal stakes.

With this contract, HMM also secures stable berths for 23,000 TEU mega containerships expected to be delivered in the second quarter of 2020. HMM can also optimize its profitability through reducing cargo handling costs at PHPNT. Furthermore, HMM plans to attract global liners engaged in the shipping alliance to call at Pusan port in order to increase transit cargo volume and terminal revenue.

HMM’s CEO C.K. Yoo, said, “Through the acquisition of PHPNT’s 50% stakes, HMM can strengthen its competitiveness and provide top priority to customer service at the same time. We will do our best to make PHPNT a worldwide hub port.”

 

Source: HMM

Fonte: http://brazilmodal.com.br/2015/internacional/hmm-and-psa-take-control-of-busan-port/

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Exchange rate and its impact on indian foreign trade

Click here to get an answer to your question ✍ Exchange rate and its impact on indian foreign trade.

Fonte: https://brainly.in/question/7895553

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Shareholders Should Reject CMA CGM Offer | Brazil Modal

Image Courtesy: CEVA Logistics

 

Following CMA CGM’s offer with a nominal value of CHF 0.10 per share, revealed on November 26, 2018, the shipping company published its prospectus for the offer on CEVA shares with an offer price of CHF 30 per share on January 28.

However, CEVA Logistics’ Board of Directors recommended that its shareholders resist the takeover offer “as valuation based on independent review of revised business plan indicates midpoint value significantly above offered price.”

CEVA explained that a valuation of the revised business plan indicates a midpoint value of CHF 40 per share, well above the share price of CHF 30 offered by CMA CGM.

“While the Board of Directors concluded that the offer price of CHF 30 per CEVA share is reasonable from a financial perspective and that the offer provides a fair exit opportunity for shareholders who wish to receive cash for their CEVA shares, it makes its recommendation in the belief that shareholders could realize a higher value with their continuing investment,” the company informed.

“I am proud to be putting the whole organization on track to accelerate our transformation and turnaround action plan in the next three years and beyond. This can be achieved by a combination of our commercial and sales focus, cross selling with CMA CGM customers, our own productivity actions, the integration of CMA CGM Logistics within CEVA and sharing resources with CMA CGM in the field of non-strategic procurement and administrative functions,” Xavier Urbain, CEO of CEVA, added.

Fonte: http://brazilmodal.com.br/2015/internacional/shareholders-should-reject-cma-cgm-offer/

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Resource not found

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org.apache.cocoon.ResourceNotFoundException:
Unable to locate bitstream

<map:read type=”BitstreamReader”> – context:/file:///opt/tomcat/webapps/xmlui/sitemap.xmap – 287:70

Cocoon stacktrace
[hide]

Unable to locate bitstream

context:/file:///opt/tomcat/webapps/xmlui/sitemap.xmap – 287:70 <map:read type=”BitstreamReader”>
context:/file:///opt/tomcat/webapps/xmlui/sitemap.xmap – 278:60 <map:select type=”browser”>
context:/file:///opt/tomcat/webapps/xmlui/sitemap.xmap – 257:70 <map:match>

Java stacktrace
[hide]

org.apache.cocoon.ResourceNotFoundException: Unable to locate bitstream
	at <map:read type="BitstreamReader"> - file:///opt/tomcat/webapps/xmlui/sitemap.xmap:287:70
	at <map:select type="browser"> - file:///opt/tomcat/webapps/xmlui/sitemap.xmap:278:60
	at <map:match> - file:///opt/tomcat/webapps/xmlui/sitemap.xmap:257:70
	at org.dspace.app.xmlui.cocoon.BitstreamReader.setup(BitstreamReader.java:307)
	at sun.reflect.GeneratedMethodAccessor99.invoke(Unknown Source)
	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
	at java.lang.reflect.Method.invoke(Method.java:498)
	at org.apache.cocoon.core.container.spring.avalon.PoolableProxyHandler.invoke(PoolableProxyHandler.java:71)
	at com.sun.proxy.$Proxy208.setup(Unknown Source)
	at org.apache.cocoon.components.pipeline.AbstractProcessingPipeline.setupReader(AbstractProcessingPipeline.java:560)
	at org.apache.cocoon.components.pipeline.AbstractProcessingPipeline.preparePipeline(AbstractProcessingPipeline.java:464)
	at org.apache.cocoon.components.pipeline.AbstractProcessingPipeline.process(AbstractProcessingPipeline.java:411)
	at sun.reflect.GeneratedMethodAccessor192.invoke(Unknown Source)
	at sun.reflect.DelegatingMethodAccessorImpl.invoke(DelegatingMethodAccessorImpl.java:43)
	at java.lang.reflect.Method.invoke(Method.java:498)
	at org.apache.cocoon.core.container.spring.avalon.PoolableProxyHandler.invoke(PoolableProxyHandler.java:71)
	at com.sun.proxy.$Proxy207.process(Unknown Source)
	at org.apache.cocoon.components.treeprocessor.sitemap.ReadNode.invoke(ReadNode.java:94)
	at org.apache.cocoon.components.treeprocessor.AbstractParentProcessingNode.invokeNodes(AbstractParentProcessingNode.java:78)
	at org.apache.cocoon.components.treeprocessor.sitemap.SelectNode.invoke(SelectNode.java:87)
	at org.apache.cocoon.components.treeprocessor.AbstractParentProcessingNode.invokeNodes(AbstractParentProcessingNode.java:55)
	at org.apache.cocoon.components.treeprocessor.sitemap.MatchNode.invoke(MatchNode.java:87)
	at org.apache.cocoon.components.treeprocessor.AbstractParentProcessingNode.invokeNodes(AbstractParentProcessingNode.java:78)
	at org.apache.cocoon.components.treeprocessor.sitemap.PipelineNode.invoke(PipelineNode.java:143)
	at org.apache.cocoon.components.treeprocessor.AbstractParentProcessingNode.invokeNodes(AbstractParentProcessingNode.java:78)
	at org.apache.cocoon.components.treeprocessor.sitemap.PipelinesNode.invoke(PipelinesNode.java:81)
	at org.apache.cocoon.components.treeprocessor.ConcreteTreeProcessor.process(ConcreteTreeProcessor.java:239)
	at org.apache.cocoon.components.treeprocessor.ConcreteTreeProcessor.process(ConcreteTreeProcessor.java:171)
	at org.apache.cocoon.components.treeprocessor.TreeProcessor.process(TreeProcessor.java:247)
	at org.apache.cocoon.servlet.RequestProcessor.process(RequestProcessor.java:351)
	at org.apache.cocoon.servlet.RequestProcessor.service(RequestProcessor.java:169)
	at org.apache.cocoon.sitemap.SitemapServlet.service(SitemapServlet.java:84)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:742)
	at org.apache.cocoon.servletservice.ServletServiceContext$PathDispatcher.forward(ServletServiceContext.java:468)
	at org.apache.cocoon.servletservice.ServletServiceContext$PathDispatcher.forward(ServletServiceContext.java:443)
	at org.apache.cocoon.servletservice.spring.ServletFactoryBean$ServiceInterceptor.invoke(ServletFactoryBean.java:264)
	at org.springframework.aop.framework.ReflectiveMethodInvocation.proceed(ReflectiveMethodInvocation.java:172)
	at org.springframework.aop.framework.JdkDynamicAopProxy.invoke(JdkDynamicAopProxy.java:204)
	at com.sun.proxy.$Proxy204.service(Unknown Source)
	at org.dspace.springmvc.CocoonView.render(CocoonView.java:113)
	at org.springframework.web.servlet.DispatcherServlet.render(DispatcherServlet.java:1216)
	at org.springframework.web.servlet.DispatcherServlet.processDispatchResult(DispatcherServlet.java:1001)
	at org.springframework.web.servlet.DispatcherServlet.doDispatch(DispatcherServlet.java:945)
	at org.springframework.web.servlet.DispatcherServlet.doService(DispatcherServlet.java:867)
	at org.springframework.web.servlet.FrameworkServlet.processRequest(FrameworkServlet.java:951)
	at org.springframework.web.servlet.FrameworkServlet.doGet(FrameworkServlet.java:842)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:635)
	at org.springframework.web.servlet.FrameworkServlet.service(FrameworkServlet.java:827)
	at javax.servlet.http.HttpServlet.service(HttpServlet.java:742)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:231)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.dspace.app.xmlui.cocoon.SetCharacterEncodingFilter.doFilter(SetCharacterEncodingFilter.java:113)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.dspace.app.xmlui.cocoon.DSpaceCocoonServletFilter.doFilter(DSpaceCocoonServletFilter.java:160)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.dspace.app.xmlui.cocoon.servlet.multipart.DSpaceMultipartFilter.doFilter(DSpaceMultipartFilter.java:119)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.apache.tomcat.websocket.server.WsFilter.doFilter(WsFilter.java:52)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.dspace.utils.servlet.DSpaceWebappServletFilter.doFilter(DSpaceWebappServletFilter.java:78)
	at org.apache.catalina.core.ApplicationFilterChain.internalDoFilter(ApplicationFilterChain.java:193)
	at org.apache.catalina.core.ApplicationFilterChain.doFilter(ApplicationFilterChain.java:166)
	at org.apache.catalina.core.StandardWrapperValve.invoke(StandardWrapperValve.java:198)
	at org.apache.catalina.core.StandardContextValve.invoke(StandardContextValve.java:96)
	at org.apache.catalina.authenticator.AuthenticatorBase.invoke(AuthenticatorBase.java:478)
	at org.apache.catalina.core.StandardHostValve.invoke(StandardHostValve.java:140)
	at org.apache.catalina.valves.ErrorReportValve.invoke(ErrorReportValve.java:80)
	at org.apache.catalina.valves.AbstractAccessLogValve.invoke(AbstractAccessLogValve.java:650)
	at org.apache.catalina.core.StandardEngineValve.invoke(StandardEngineValve.java:87)
	at org.apache.catalina.connector.CoyoteAdapter.service(CoyoteAdapter.java:342)
	at org.apache.coyote.http11.Http11Processor.service(Http11Processor.java:799)
	at org.apache.coyote.AbstractProcessorLight.process(AbstractProcessorLight.java:66)
	at org.apache.coyote.AbstractProtocol$ConnectionHandler.process(AbstractProtocol.java:868)
	at org.apache.tomcat.util.net.NioEndpoint$SocketProcessor.doRun(NioEndpoint.java:1457)
	at org.apache.tomcat.util.net.SocketProcessorBase.run(SocketProcessorBase.java:49)
	at java.util.concurrent.ThreadPoolExecutor.runWorker(ThreadPoolExecutor.java:1149)
	at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:624)
	at org.apache.tomcat.util.threads.TaskThread$WrappingRunnable.run(TaskThread.java:61)
	at java.lang.Thread.run(Thread.java:748)

The Manakin interface of the DSpace digital repository software.

Fonte: http://ir.mu.ac.ke:8080/xmlui/bitstream/handle/123456789/2500/Kueth%2520Nhial%2520%2520Sarah%2520Simon%3Fsequence%3D1%26isAllowed%3Dy

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Small Seagoing Ships to Be Loaded at Wilhelmshaven LNG Terminal | Brazil Modal

The two companies signed a memorandum of understanding (MOU) to accelerate the growth of LNG as a fuel in the downstream markets for industry, shipping and road fuel in Germany.

The duo is planning to develop a user-friendly technical interface and commercial products for small-scale LNG players from the Wilhelmshaven floating storage and regasification unit (FSRU) for LNG.

Apart from the loading of seagoing vessels, several truck loading bays are planned to enable the onward transport of LNG by road.

With its proximity to the Jade Weser Port, Bremerhaven and the German Bight, Wilhelmshaven is said to be a suitable location to supply LNG for all downstream markets and in particular for marine fuels. As a fuel, LNG already meets the more stringent environmental requirements for ocean shipping.

“The agreement … is another important step for the FSRU Wilhelmshaven project… With Wilhelmshaven, we offer a first-class location for supplying the shipping and road fuel markets with LNG. With this cooperation, the FSRU Wilhelmshaven project can make an important contribution to reducing CO2 and pollutant emissions,” Keith Martin, Member of the Executive Board and Chief Commercial Officer of Uniper SE, said.

“Titan LNG is pleased that we can contribute the know-how we have built up over the last six years to this project for the LNG downstream market. We believe that the short distances to the markets will help to boost LNG as a fuel,” Niels den Nijs, Chief Executive Officer of Titan LNG, commented.

Uniper is currently developing a FSRU at its Wilhelmshaven site. The FSRU will have a natural gas send-out capacity of 10 billion cubic meters per year and an LNG storage capacity of more than 263,000 cubic meters. The terminal is scheduled to go into operation in the second half of 2022.

In December 2018, Uniper signed an MOU with the Japanese shipping company Mitsui O.S.K. Line (MOL). MOL will own, finance and operate the FSRU. Uniper is currently coordinating the permits for the operation of the facility with the relevant authorities.

Image Courtesy: Uniper

Source: World Maritime News

Fonte: http://brazilmodal.com.br/2015/internacional/small-seagoing-ships-to-be-loaded-at-wilhelmshaven-lng-terminal/

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Foreign Trade

Listen to Foreign Trade and 27 other episodes by Giant's Reach. No signup or install required.

Fonte: https://player.fm/series/giants-reach/foreign-trade

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ADNOC Cuts Fuel Consumption, CO2 Emissions by 23 Pct | Brazil Modal

Illustration. Image Courtesy: Pixabay under CC0 Creative Commons license

 

The fuel consumption and carbon emission reduction efforts form part of ADNOC’s ‘Al Daffah Energy Efficiency Project, which relied heavily on digitization to improve energy performance, aid in route planning, improve fuel monitoring and optimize engine speed.

The installation of more efficient propellers and high-performance hull coating have also been among vessel upgrades implemented by the company to improve vessel thrust.

The company added that it took advantage of favorable market rates to charter an additional LNG vessel, ensuring that slow steaming could be adopted across the fleet, without affecting delivery schedules.

ADNOC said that to date, the accumulated fuel savings from the ‘Al Daffah Energy Efficiency Project’ are 325,000 metric tons of heavy fuel oil – which is equivalent to the load of a VLCC tanker.

“Together with our industry partners and classification societies, we have constantly re-assessed, challenged and developed our capabilities to deliver more for less, in a challenging market. As the results show, the level of dedication towards achieving our ambitious targets has been unfaltering throughout this project,” Captain Mohammed Al-Alli, Senior Vice President, Ship Management at ADNOC L&S, said.

ADNOC L&S, which owns and operates 27 shipping vessels and a total fleet of 122 shipping and offshore vessels, claims to have reduced its CO2 emissions by 1 million tons since 2013.

Fonte: http://brazilmodal.com.br/2015/internacional/adnoc-cuts-fuel-consumption-co2-emissions-by-23-pct/

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Australia data, global economy, currencies in focus

Australia’s benchmark ASX 200 bounced higher 0.38 percent with the energy sector adding more than 2 percent.

The country released employment data that came in above expectations: there were 21,600 new jobs created in December, beating analysts’ expectations of 16,500. The unemployment rate also surpassed forecasts, coming in at 5.0 percent as compared to expectations of 5.1 percent.

“The key message here is Australia’s labor market is still looking quite strong,” Paul Bloxham, HSBC’s chief economist for Australia, New Zealand and global commodities, told CNBC’s “Squawk Box” minutes after the data release.

“If you’re in Australia, there’s really no better time than now to be looking for a job,” Bloxham said. “There are more jobs out there as a proportion of the work force than ever before.”

The Australian dollar was at $0.7112 after touching an earlier high of $0.7166.

Fonte: https://www.cnbc.com/2019/01/24/asia-markets-australia-labor-data-currencies-in-focus.html

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Concerns about China’s slowdown | Brazil Modal

A dimming economic outlook in China has rattled global markets in recent weeks. In trade, things could get worse before they get better.

China’s exports fell by the most in two years in December, the General Administration of Customs data said Monday, shedding 4.4% from a year earlier. Imports, meanwhile, fell 7.6% in their largest drop since 2016.

Officials have rushed to try to shore up confidence, vowing various stimulus programs from easier lending rules to tax cuts. And while the economy is expected to recover eventually, experts say there is still plenty of room for activity to fall.

“China’s trade data will get nastier,” said Freya Beamish, chief Asia economist at Pantheon Macroeconomics. “The most prescient indicators, however, suggest that the recovery should be V-shaped.”

Source: Business Insider

Fonte: http://brazilmodal.com.br/2015/internacional/concerns-about-chinas-slowdown/

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