Unstructured And Complex Data Stifling Progress In Digitalisation Says Shipserv

ShipServ, the world’s leading maritime e-procurement platform, announced the results of a recent survey that showed an industry-wide lack of structured, accurate and well-managed data that can provide critical insights on procurement trends. This is reducing the opportunity for maritime buyers to optimise procurement efficiencies and reduce costs, as well as stifling their desire to
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Prices of delivered 380 CST bunker fuel at Sri Lanka’s Colombo port were lower than in Mumbai in recent weeks as sellers sought to clear the stocks held at shore tanks, South Asian traders said. The price spread remained wide with Colombo bunker fuel $20/mt lower than in Mumbai, India, sources said. The Mumbai-Colombo spread
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The internal rate of return, or simply the IRR, is the magic figure that private equity fund managers, shipping-focused investors and affluent shipowners alike employ to determine if an investment makes sense. The investment firm recently launched by the prominent Greek shipowner George Livanos and two bankers, as well as the launch of Schulte Group’s
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India imported 4.8 million barrels per day (bpd) of oil in June, an increase of 10 percent from a year earlier, according to data from shipping and industry sources, with the top three suppliers Iraq, Saudi Arabia and Iran making up nearly half of imports. In June, India imported about 592,800 bpd of Iranian oil,
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The ships’ demolition activity has began to feel the weather effects of the Southeast Asia region. In its latest weekly note, Clarkson Platou Hellas commented that “as the monsoon rains begin to slow productivity down in the Indian sub-continent, a reflection of this slow period has been reflected in the very few sales candidates to
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NEW DELHI: India and South Korea signed 11 agreements recently to expand business ties and more than double mutual trade to $50 billion by 2030. Bilateral trade between the world’s seventh and 11th largest economies rose by nearly a quarter to $20.8 billion in the 2017/18 fiscal year that ended in March, with $16.4 billion
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The yuan is about to get bailed out by a weaker dollar, according to forecasters who correctly called the Chinese currency’s recent downtrend. Investec Bank Plc, PNC Financial Services Group Inc. and Svenska Handelsbanken AB all see China’s currency strengthening in the second half even as bigger-name forecasters have rushed to cut their projections. Among
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The Chinese yuan skidded toward an 11-month low and the Australian dollar fell on Wednesday after the Trump administration threatened 10 percent tariffs on $200 billion worth of Chinese imports in an escalating trade conflict. The most traded currencies, the U.S. dollar and euro, were largely unmoved though the single currency was the weaker while
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Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs on an additional $200 billion worth of Chinese goods pushed the world’s two biggest economies ever closer to a full-scale trade war. The detailing overnight of U.S. President Donald Trump’s already-threatened 10 percent tariffs on an
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GENEVA: Trade barriers being erected by major economies could jeopardize the global economic recovery and their effects are already starting to show, the World Trade Organization said in a report on trade restrictions among G20 nations. “This continued escalation poses a serious threat to growth and recovery in all countries, and we are beginning to
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