EGAS Goes to BW Gas for Second LNG Floating Import Terminal

first_imgThe Egyptian Natural Gas Holding Company (EGAS) has contracted Singapore-based BW Gas to provide Egypt with its second liquefied natural gas (LNG) floating import terminal, scheduled to arrive off Ain al-Sokhna port in late September, Reuters reports.EGAS and BW Gas have reportedly signed a 5-year, USD 300 million contract. The new terminal will have the capacity of 750,000 cubic meters, and will start operations mid-October.The ship is expected to have a capacity of producing 42 liquefied natural gas (LNG) shipments on an annual basis, and the single shipment volume capacity ranging between 140,000-170,000 cubic meters, Daily News Egypt informed back in April, citing an official from EGAS.EGAS seems to have decided to place the second LNG in Ain al-Sokhna port, as initially planned, after announcing back in April that the second terminal will be situated off Adabiya Port, due to security reasons.Egypt’s first LNG floating import terminal – the FSRU Höegh Gallant – started operations off Ain al-Sokhna back in April. Höegh LNG Holdings and EGAS also signed a five-year contract, expected to bring an average annual EBITDA of around USD 40 million to the Oslo-listed company.World Maritime News Stafflast_img read more

Modern slavery – the time to act is now

first_imgConstruction has been named as one of the three target sectors in the UK’s battle against modern slavery. Together with hospitality and agriculture, we are in the firing line. So what can construction firms do? Should they be worried? Well, yes, and especially as there are currently over 5,000 organisations turning over more than £36m not complying with the Modern Slavery Act.This piece of legislation was a game-changer; waking up the big boardrooms of Britain to the fact that if their supply-chains were not squeaky clean, they could be in severe trouble. The problem was of course, that they probably had no idea what was going on down in the murky depths of their supply chains, spanning thousands of suppliers, hundreds of sites, in dozens of countries.When I established the Action Programme for Responsible and Ethical Sourcing (APRES) in 2010, the focus was on products and materials, but this later broadened to include labour, and when APRES issued its manifesto for ethical sourcing in 2015, there was a positive reaction from clients and major contractors.It’s easy for smaller businesses to assume that ethical sourcing is just an issue for the majorsThrough consultation we identified 10 pledges – which we felt best captured the essence of ethical sourcing – to act as a provocation to businesses to discuss and engage with the subject. We hadn’t designed it to be implemented in anger, but that’s exactly what companies wanted to do. That success spurred the idea that a practical, business-focused approach was needed, to help companies move beyond strategic intention into concrete action and change.Resources to support businesses have been available for some time. BRE has a standard for responsible sourcing of products (BES 6001), which has been around since 2009, and last year it added a scheme for developing organisational competence on ethical sourcing of labour (BES 6002/The Ethical Labour Standard), in direct response to the Modern Slavery Act (MSA). CIRIA have also recently published a major publication on the subject, backed by more than 25 major players in the sector.Despite over 80,000 organisations worldwide employing Modern Slavery Act Statements, not everyone seems ready. In recent times, the APRES network has been hearing about businesses who are simply struggling to know where to start. It seems that unless you’ve got the right people with the right know-how in your business, then despite the resources, it can be tricky to work out how what to do. Also, with the threshold for the MSA sitting at £36m turnover, it’s easy for smaller businesses to assume that ethical sourcing is just an issue for the majors. There are problems of confusion and complacency in big firms too – with reports of the topic falling between stools (with the various stools in this case being corporate functions such as HR, legal, and procurement, as well as myriad on-site personnel).There’s now no excuse – it’s time for the construction industry to turn pledges into pathwaysIn response, BRE and Loughborough University have released the APRES Eight Pathways model based on insights from a range of leading businesses across construction and property. This is all about getting back to basics and providing simple prompts for organisations, whatever stage they are at. The pathways span all basic aspects of a firm’s operations – such as boardroom decision making, finance, HR, communications – as well as the more obvious areas like procurement and supply-chain management. Set out in a consistent ‘plan, do, check, act’ format, each pathway suggests steps that can take a firm from baseline to best practice.Think about a tier 2/3 supplier who has just found out they’ve not won a tender, and the feedback criticises them for not having a convincing story about how they are trying to tackle modern slavery and embed ethical sourcing in their business. What should they do? How should they pull their story together? And how do they make it a coherent story then can tell time and time again?The eight pathways provide a robust, but sufficiently flexible structure for the firm to act and so improve their situation for the future. There’s now no excuse – it’s time for the construction industry to turn pledges into pathways.More information on the Eight Pathways model can be found at read more

Watch: Korean All stars score against Juventus and mimic Cristiano Ronaldo’s celebration in front…

first_imgImage Courtesy: StreamableAdvertisement Juventus and Portugal talisman Cristiano Ronaldo is famous for his unique ‘SIUUU’ celebration- which isn’t unique anymore as K-League All-Star players copied it after scoring in a friendly against the Serie A champions.Advertisement   Advertisement Image Courtesy: StreamableThe match was 1-1 until the 45th minute, when the All Star forward Cesinha fired a shot into the Bianconeri net from inside the box, and soon after that, the Dageu FC player, along with teammates performed Ronaldo’s renowned celebration, as he watched from the Bench at the Seoul Olympic Stadium.Watch the clip below-Advertisement Sarri didn’t start the 34-year old in today’s match in Seoul, where the audience were eager to see the 5 time Ballon d’Or winner in action, which made the crowd distressed as they started chanting Lionel Messi’s name from the stands.Spanish forward Osmar Barba, who plays for Seoul FC, put the Korean side forward 8 minutes into the game, but was equalized by The Old Lady’s Simone Muratore, the 21 year old midfielder who had a good impression during the match.Suwon Bluewings’ Australian forward Adam Taggart put the All Stars ahead before the second half, where two Juve midfielder duo Blaise Matuidi and Mathias Pereira put two goals in. The final score was 3-3.FT: Honours even in Seoul ⚪️⚫️🇰🇷#MeetTheWonder #TeamKLeagueJuve— JuventusFC (@juventusfcen) July 26, 2019 Advertisementlast_img read more