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GOTHENBURG, Sweden, Aug. 9, 2023 /PRNewswire/ -- Concordia Maritime has published a new market update. The report is available at www.concordiamaritime.com. In addition to commentary from CEO Erik Lewenhaput, it also contains data and statistics regarding both tanker rates, ship values and the development of the global product tanker fleet, as well as data about the demand for oil and development of inventory levels. CONTACT: For more information, please contact:Erik LewenhauptCEO, Concordia Maritime AB+46 704-855 188erik.lewenhaupt@concordiamaritime.com The following files are available for download: https://mb.cision.com/Main/1948/3815535/2222162.pdf Concordia Maritime - Press release Market update August 2023 (PDF) https://news.cision.com/concordia-maritime/i/2023-market-update-aug-linkedin,c3204657 2023 market update aug linkedin
NEW YORK, Aug. 9, 2023 /PRNewswire/ -- The maritime industry has drastically surged its automation efforts in the wake of global seaport congestion. In addition to solutions such as gantries, automated port gates, and stacking cranes, autonomous horizontal transport modes such as Automated Guided Vehicles (AGVs) that transport containers and loads to and from ships have been the most productivity-augmenting solutions in seaports. According to ABI Research, a global technology intelligence firm, AGV seaport deployments worldwide will have a Compounded Annual Growth Rate (CAGR) of over 26% from 2022 to 2030 and exceed 370,000 global deployments by 2027. "Automation improves port operations' reliability, consistency, and workplace security. Also, from an environmental perspective, automation can lead to efficient operations and faster services. Automated ports are also far safer than conventional ports. The number of human-related disruptions falls as performance becomes more predictable with automation and data capture solutions," explains Adhish Luitel, Supply Chain Management & Logistics Senior Analyst at ABI Research. In addition to AGVs in seaports, adopting solutions in other modalities of the global supply chain, such as rail, air, and road, has also seen growth. Automaton solution providers, including VisionNav Robotics, Konecranes, HERE Technologies, and VDL Automated Vehicles, have provided various automation and digital tools that enhance operational efficiency and visibility across different modalities. Rail camera systems in rail infrastructure are a particularly growing sector. Over 29,000 inspection robots were deployed in rail infrastructure globally in 2022. This number is set to grow to over 43,000 by 2030 with a CAGR of around 5%, falling in line with the rising rail freight volume. Over 14 billion tons were transported in 2022 via rail freight. This number is set to grow to over 16 billion by 2030. "Automation in various modalities, despite its benefits, can also bring costs of which supply chain managers might need to be wary. Although automation can streamline workflows and make tasks easier in the long run, they come at the expense of initial potential productivity losses that come with equipping workers with the right skillsets to operate and maintain these solutions. So, there is a change management aspect of which managers and authorities must be more mindful," Luitel concludes. These findings are from ABI Research's Multimodal Logistics market data report. This report is part of the company's Supply Chain Management and Logistics research service, which includes research, data, and ABI Insights. Market Data spreadsheets comprise deep data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight into where opportunities lie. About ABI Research ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research是一家国际科技情报公司,为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info: GlobalDeborah PetraraTel: +1.516.624.2558 pr@abiresearch.com
HANGZHOU, China, Aug. 9, 2023 /PRNewswire/ -- On August 8, 'Guojiao-1', an innovative marine power transmission technology brand, was unveiled at a landmark event in Zhoushan, Zhejiang Province. Guojiao-1, a cornerstone of State Grid Corporation of China (SGCC)'s technological portfolio, is poised to become an industry leader and drive the transformation across the country's entire marine power transmission sector. In recent years, SGCC has led the way with several groundbreaking initiatives in marine power transmission in Zhejiang. Highlights include: A five-terminal flexible DC power transmission system; A 20 Hz flexible low-frequency power transmission demonstration; The world's tallest cross-sea power transmission tower, soaring to an impressive 380 meters; A 500 kV cross-sea on-grid power transmission and transformation project in Zhoushan; and A 535 kV DC cable initiative. These pioneering achievements emphasize SGCC's commitment to advancing the frontiers of marine power technology. State Grid Zhejiang Electric Power, working in tandem with the business sector, academic institutions, research organizations, and end-user industries, has cemented its role as an industry trailblazer in marine power transmission. The collaborative approach, spanning the full product life cycle—including R&D, equipment sourcing, construction, and O&M—has led to remarkable technological breakthroughs, notably in submarine cable systems deployed across China's coastal provinces. The effort has catalyzed a quantum leap in the nation's marine power transmission capabilities, forging a development path that radiates from Zhoushan across China and into international markets. As China's premier marine power transmission brand, Guojiao-1 embodies a mission to shape world-leading energy interconnection with unique Chinese insights, directing the global marine power transmission landscape. With a vision centered on providing safe, reliable, green, environmentally responsible, efficient, and sustainable top-tier marine power transmission, Guojiao-1 is steadfastly pursuing a better global future. Through determined innovation, excellence in execution, and ongoing breakthroughs, the brand stands ready to meet the complex challenges of marine environments.
Concordia Maritime AB (publ) ("Concordia Maritime") has entered into an agreement for the sale of the product tankers Stena Premium and Stena Progress. The sale will generate a liquidity supplement of approx. MSEK 100. GOTHENBURG, Sweden, Aug. 4, 2023 /PRNewswire/ -- Stena Progress (65,200 dwt) was built 2009 and Stena Premium (65,200 dwt) in 2011. After repayment of loans and liabilities to related parties, the transaction generates a liquidity supplement of approx. MSEK 100. The remaining debts are current operating liabilities. "With the sale, we continue to take advantage of the strong market and the high prices for older vessels. As previously announced, we are working intensively to chart the Company's future direction and business. The work is progressing and we have high hopes of being able to present more information during H2 2023," says Concordia Maritime CEO Erik Lewenhaupt. Since 2021, Stena Progress and Stena Premium have been on a five-year charter to Stena Bulk, which in turn has chartered out the vessels on a combination of short and medium-term contracts. On the sale date, both vessels were on contracts that run until autumn/winter 2024. The transaction means that the buyer takes over responsibility for these contracts from Stena Bulk. The sale price is affected by the buyer's expected earnings for the vessels during the remaining contract period. After the sale, the Concordia Maritime fleet will consist of one vessel, Stena Polaris, which has been chartered out on a bareboat contract to US Crowley Government Services Inc. since early 2022. Crowley has in turn chartered the vessel to US Military Sealift Command. The contract with Crowley includes extension options until the end of 2026. Images of the vessels can be downloaded from concordiamaritime.com/en/news/images/ This information is information that Concordia Maritime Aktiebolag (publ) is obliged to publish in accordance with the EU Market Abuse Regulation. The information was provided by the contact person below for publication on 4 August 2023 at 15.15 CEST. For more information, please contact: Erik LewenhauptCEO, Concordia Maritime AB+46 704 855 188erik.lewenhaupt@concordiamaritime.com The following files are available for download: https://mb.cision.com/Main/1948/3813711/2215759.pdf Concordia Maritime - Pressmeddelande - 20230804_ENG
LIBREVILLE, GABON - African Media Agency - 3 August 2023 - The Fonds Gabonais d'Investissements Stratégiques (FGIS), its subsidiaries Façade Maritime du Champ Triomphal (FMCT), an urban development company, Luxury Green Resorts (LGR), a Gabonese tourism operator, on one hand, and the Kasada group, on the other hand, signed a partnership agreement on August 2nd, 2023, to develop hotels in Gabon. Through this agreement, FGIS, FMCT, LGR and Kasada, the independent real estate private equity platform dedicated to hospitality in Africa, are responding to the ambition to strengthen the attractiveness of the territory and boost the Gabonese economy. With a current portfolio of eighteen (18) hotels in eight (8) African markets, Kasada will be involved in identifying, evaluating, structuring, and managing hotel projects in Gabon, from conception to completion. Among the projects to be analyzed as part of this collaboration is the upscale hotel complex in the northern zone of the Baie des Rois site. It will address the growing needs identified in terms of urban planning, business tourism and leisure, offering innovative services to users looking for unique, local experiences. Architecturally and environmentally innovative, the hotel will feature sustainable materials, water treatment and the use of green energy in line with international standards. Baie des Rois is part of the urban development program for the Baie des Rois Special Investment Zone (ZIS), led by FMCT. In line with the Plan d'Accélération de la Transformation (PAT), Baie des Rois aims to become an exceptional hub meeting the criteria of a sustainable, innovative, low-carbon city. Situated on Libreville's waterfront, it stands out for its mixed use of real estate and commercial space for local residents. Mr. Akim Mohamed DAOUDA, CEO of FGIS, declared: "This project is part of our overall strategy to develop sustainable infrastructures based on the valorization of our natural capital. The construction of an environmentally-friendly hotel complex will showcase Gabon's low-carbon solutions.” Mr. Emmanuel EDANE, CEO of FMCT, declared: "The partnership with Kasada effectively demonstrates the investment opportunities offered by the Baie des Rois. This development zone will contribute to the economic influence and tourism growth of the Gabonese capital." Mr. Olivier GRANET and Mr. David DAMIBA, Managing Partners of Kasada Capital Management, commented: "We are delighted to be partnering with FGIS and its subsidiaries. The Baie des Rois is an ambitious and exciting project. It demonstrates once again our expertise and our role as preferred partner for sovereign entities to carry out complex projects. Our ability to analyze projects of this scale and our agility in terms of financial structuring, enable us to find the right solution for this flagship project in Gabon. Furthermore, through this project, we aim to set a new standard for sustainable development in Gabon, in line with the country's initiatives to address climate change.” Hashtag: #FGISThe issuer is solely responsible for the content of this announcement.About FGISThe Fonds Gabonais d'Investissements Stratégiques (FGIS) is the exclusive trustee of the Fonds Souverain de la République Gabonaise (FSRG) and of the unallocated holdings in the portfolio of the Gabonese State. The Fund invests in the strategic sectors of the national economy, with the aim of creating shared prosperity for the people of Gabon and future generations. As the financial investment instrument of the Republic of Gabon, the Fund supports government action by investing in four strategic sectors: infrastructure financing, support for SMEs, regional development and support for social sectors. FGIS also acts as the exclusive agent responsible for marketing carbon credits belonging to the Gabonese Republic as part of the fight against climate change. www.fgis-gabon.comAbout FMCT Created in 2015, the Façade Maritime Champ Triomphal (FMCT) is the subsidiary of the Fonds Gabonais d'Investissements Stratégiques (FGIS) dedicated to the sustainable development of the Gabonese territory for the population and future generations. Aligned with the Sustainable Development Goals (SDGs), the company is responsible for the design and development of city infrastructure projects, facilities and real estate, notably on the Baie des Rois site. In 2023, Baie des Rois won two major awards, including Best Sustainable Infrastructure Project for its eco-responsible approach at the Africa Investments Forum & Awards (AIFA) and Best New Mega Development at the Marché International des Professionnels de l'Immobilier (MIPIM Awards). www.fmct-gabon.comAbout LGRLuxury Green Resorts (LGR) is a tourism operator whose mission is to revitalize the tourism industry in Gabon while promoting the country's natural heritage. LGR is committed to preserving this heritage through projects carried out in close collaboration with local authorities, technical operators, civil society and communities. www.luxurygreen-resorts.comAbout KASADAKasada is an independent real estate private equity platform dedicated to hospitality in Africa, advised by Kasada Capital Management, part of the Kasada group. The firm was launched with the backing of Qatar Investment Authority, the sovereign wealth fund of State of Qatar, and Accor, a world leading hospitality group. Kasada's strategy spans all segments, from economy to luxury, and targets both greenfield and brownfield projects. Kasada's hotels are operated under the banner of Accor's wide range of internationally renowned brands. By investing in a region that offers robust growth opportunities, Kasada aims to deliver both attractive risk-adjusted returns to investors and a long positive impact on local economies. In April 2019, Kasada held a close of its maiden fund, Kasada Hospitality Fund L.P., with equity commitments of over US$ 500 million. For more information: visit www.kasada.com and follow us on LinkedIn.
PARIS, Aug. 3, 2023 /PRNewswire/ -- ProLogium, an energy innovation company specializing in the R&D and manufacturing of next-generation EV solid-state battery solutions has selected France as the location for its first large-scale solid-state battery manufacturing plant outside Asia. Today, the European Commission greenlights a substantial grant to support ProLogium's scale-up project in Europe, highlighting ProLogium's contribution to the achievement of the European Green Deal and EU battery strategy. The grant from the French government, approved by the European Commission under the European framework for State aid for research, development, and innovation (RDIF), will serve as a robust backing for ProLogium's project in researching and developing a new generation of batteries for electric vehicles and to set up a 48 GWh gigafactory in Dunkirk, France. This substantial investment amounts to a total of €5.2 billion. ProLogium will receive the €1.5 billion grant according to different milestones until 2029. ProLogium will share the technical results gained through the project and collaborate with local industry, academia and customers based on FRAND (Fair, Reasonable and Non-discriminatory) conditions and mutual benefits. ProLogium was allowed to be involved in the IPCEI (Important Project of Common European Interest) on Batteries on December 2022 and will pursue its collaborations with direct partners in this IPCEI. Positioned as a major industrial player in the energy sector, ProLogium is recognized for its innovation and industrialization process at the heart of the European battery ecosystem. These decisions demonstrate the commercial viability of ProLogium's solid-state battery technology. Strong endorsements of the project will not only supply the European automotive industry with advanced batteries manufactured using decarbonized energy but will also play a pivotal role in the French government's green reindustrialization strategy. "The team at ProLogium is thrilled to receive this good news from the European Commission. Over the course of an extensive year-long review, our expansion plan, technology, and manufacturing capabilities underwent strict scrutiny by experts. The approval of this substantial grant is a testament of ProLogium's potential contribution to achieving Net Zero in France and Europe, as well as the value of our innovative solutions," says Vincent Yang, Founder and CEO of ProLogium. "We would like to express our deepest gratitude to the EU and French government for their unwavering trust and support. This grant will serve as a powerful financial backing for ProLogium's Gigafactory project, empowering us to make steady progress in Dunkirk towards our goal: implementing local supply and manufacturing for European OEM customers." "ProLogium's investment in the region is substantial, and its impact will be long-lasting. The gigafactory will not only create 3,000 jobs but also establish a comprehensive research and development ecosystem. This project promises significant economic benefits, strengthening both French and European economic sovereignty while driving the transition towards a greener industry. We are fully committed to Europe and France, and we extend our sincere gratitude to the European Commission, the French government, the Hauts-de-France region, the city and the urban community of Dunkerque, as well as the Grand Port Maritime of Dunkirk, and all the institutional stakeholders for their trust and support in our project," commented Gilles Normand, President of ProLogium Europe. The next step for ProLogium is the launch of the public consultation process under the aegis of the CNDP, which will begin in September 2023. Construction of the Gigafactory is set to begin in the second half of 2024, with production estimated to start by the end of 2026. ProLogium is actively scouting locations for its R&D center. As part of its expansion, ProLogium will initiate the recruitment process, seeking talented professionals to spearhead these projects. About ProLogium: Founded in 2006, ProLogium is an energy innovation firm focused on the R&D and manufacturing of next-generation battery solutions for EV, consumer, and industrial applications. Its proprietary technologies cover more than 650 (applied and awarded) patents globally. ProLogium has demonstrated its commercial capabilities through its automated pilot production line, with which it has shipped nearly 8,000 solid-state battery sample cells to international automotive OEMs for testing and module development. Its first large scale demonstration production line in Taoyuan, Taiwan will start operations by the end of 2023, which will help accelerate the company's capacity expansion in major global markets.
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