Category: iesodsygyucq

Stranded Tankers, Full Storage Tanks: Coronavirus Leads To Crude Glut In…

first_img“The pace of moving crude out from tanks is slow. So if vessels are arriving at the same time, some of them might need to wait for 2-3 days,” said a source at Rizhao port in Shandong. Manufacturing activity was paused for the Lunar New Year last month when the virus struck, preventing workers from returning to their jobs. Oil traders have signed new crude oil storage leases in South Korea, the nearest storage option to Qingdao, this week, said a source familiar with the matter. More than 1,360 people have died from the coronavirus in China, which has disrupted the world’s second largest economy and shaken energy markets, with international benchmark Brent crude oil down 15% since the beginning of the year. Major international energy forecasters expect demand to fall in this quarter, the first drop in a decade, due to the outbreak. Chinese refineries have cut output by about 1.5 million barrels per day (bpd) over just two weeks, causing crude stocks to pile up. Manufacturing Activity Was Paused For The Lunar New Year Last Month When The Virus Struck, Preventing Workers From Returning To Their Jobs. “We still have around 30% of space at our oil storage at this moment, which is already a lot better than the previous weeks, as truck drivers are gradually returning to work.” Oil storage tanks in China’s eastern Shandong province are nearing peaks seen last June as independent refiners slash processing rates, industry sources said. China’s overall crude storage is at 760 million barrels, versus a peak of 780 million barrels in early June last year, Kpler’s data shows. Sources at Shandong ports said while storage levels are high, they are working with refineries to move oil out and make way for more cargoes that are expected to arrive in the coming weeks. Demurrage Costs Rise, Freight Rates Plunge That has left numerous Very Large Crude Carriers (VLCCs), capable of holding more than 2 million barrels of crude each, unable to unload at China’s top crude import terminal of Qingdao, Refinitiv data shows. “We are cutting runs, but we still have (crude) cargoes on the way,” said a Chinese refinery source, adding that the company was still exploring options as land storage is limited and it is costly to store on ships. Other cargoes are being diverted to South Korea, Malaysia, Singapore and other locales in China, while storage tanks in Shandong province – where Qingdao is located – are filling swiftly, sources said.center_img Shandong’s commercial and strategic crude oil stocks are currently at 171.5 million barrels, not far from their peak of 175 million barrels in early June last year, according to oil analytics firm Kpler. Freight rates meanwhile, have plunged to nearly half the levels they were at as the virus has hit demand and after the US partially lifted sanctions on one unit of Chinese shipping firm COSCO. State-run ChemChina has diverted some crude oil cargoes which were supposed to arrive in China to floating storage near Malaysia, a source with direct knowledge of the matter told Reuters. ChemChina did not respond to an email seeking comment. The lack of space in tanks is prompting traders to divert cargoes scheduled to arrive in February and March until China’s demand improves, multiple trade and shipping sources said. The coronavirus’s effect on energy markets is worsening, as the sharp fall in demand in China, the world’s largest importer of crude, is stranding oil cargoes off the country’s coast and prompting shippers to seek out other Asian destinations, a report published on Reuters stated. “In theory, there is a lot of spare capacity to fill, but we have never seen this full utilization” of storage, said Kpler analyst Alexander Booth, adding that utilization rates are currently at 61% in Shandong, versus 63% at last year’s peak. Two supertankers – Universal Winner and Aegean Dream – carrying Brazilian crude originally heading for China have been diverted to the Singapore straits, Refinitiv data showed. (Sea News File Photo) Author: Baibhav Mishra (Source: Reuters) Sea News, February 17 When vessels cannot be unloaded, their charterers have to pay what is known as demurrage costs. Those fees have climbed to more than $100,000 (£76,622) per day for a cargo arriving next week compared with about $90,000 per day for those loaded 40 days ago, prompting some shippers to try to transfer crude to older tankers that cost less to operate, they said.last_img read more

Aaronia Drone Detection System Used to Supervise the Kim Jong & Donald Trump Meeting

first_imgThe AARTOS AI based Drone Detection System developed by Aaronia AG was used at the historical meeting between Kim Jong Un and Donald Trump in Singapore. The fully automatic drone detection system AARTOS detects the RF emissions of any drone and its remote control and offers a live situation awareness display including highly featured 3D flight plots.The AARTOS system offers unique ultra-high range (10-15km) 360 degree dome coverage. The detection technology is based on the patented AARONIA ISOLOG 3D Tracking Array Antenna, a UWB real-time RF receiver “SPECTRAN V5” and a highly complex AI based Tracking-Software. The Drone Detection System allows very detailed analysis of any RF emissions e.g. “hopping” patterns of drones but also any other RF signals e.g. cell phones enabling to detect even the latest 4G based drones. The rapid proliferation of micro/mini UAV is a growing potential threat to national and commercial security.As the use of drones becomes more and more common, safety and reliability are of enormous importance. Drone Detection Systems are gaining in importance because of the increasing number of illegal drone entering areas (e.g. major events, airports). For safety, the position of the drones needs to be tracked by their RF emission. The user of the drone will also be detected by the emission of the remote control. Aaronia expects the sales figures of these systems to grow rapidly over the next few years.last_img read more

Space Tech Expo USA to go Digital in 2020

first_imgThe Long Beach Convention & Entertainment Center has now cancelled all mass gathering events, up to September 2020, resulting in the postponement of Space Tech Expo USA 2020 (scheduled to take place from 10-12 August, at the Long Beach Convention & Entertainment Center).In order to maintain their commitment to North America’s aerospace sector, and the civil, commercial and military aerospace supply chains, Space Tech Expo announced that that they will launch Space Tech Expo Connect, a brand-new digital event that will take place in August 2020.Space Tech Expo’s digital event experiences will deliver the same benefits as their traditional face-to-face formats: informing and educating, facilitating business connections and fostering relationships, enabling peer-to-peer conversations and networking, and the opportunity for aerospace professionals to come together, and collectively identify the latest ideas, technologies, and supply chain opportunities.Participants in the digital event will include senior representatives from Airbus, Ball Aerospace, Boeing, CGI, ESA, Honeywell Aerospace, Kyocera International, Inc., Lockheed Martin, Mitsubishi Electric US Inc., NASA, Northrop Grumman, Panasonic Avionics Corporation, Raytheon, Siemens, SpaceX and Virgin Orbit.More details, including a full program of digital events running August 2020, and the participating organisations, will be released in due course.They also announced the dates for the Space Tech Expo USA 2021 event which will be held from 10-12 May, 2021, at the Long Beach Convention Center, California. This will be the next live (face-to-face), edition of Space Tech Expo USA. The Space Tech Expo USA is America’s meeting place for space technology, connecting the commercial, civil and military space industries, attracting more than 3,500 professionals, and more than 300 exhibitors. NOTE: Plans for the European edition of Space Tech Expo (Space Tech Expo Europe 2020) remain unchanged. This face-to-face expo event will take place from 17-19 November in Bremen, Germany.last_img read more

ODM Sportswear stays undefeated in Treñas Cup

first_imgOn the part of the Leopards, this wastheir third consecutive defeat. They remained on the fourth spot in thestandings with 3-3 win-loss record. The top four teams after theeliminations will advance to the semifinals round but in the event that ODMSportswear finishes the eliminations undefeated, the semifinals will be astep-ladder format./PN ILOILO City – On D’ Move Sportswearmaintained its unblemished record in the Mayor Jerry P. Treñas BasketballTournament on Saturday evening at the Jaro Gymnasium. The victory allowed the J. CordonConstruction-DPWH 2nd District to move up to solo second place with 5-1 record,while Asialink-E and C Trucking dropped to 1-3 record. The ODM Sportswear cruised to itsfifth straight victory in as many games by toppling the Guimaras Leopards,91-82, behind the steady plays of Maymay Parohinog, Miguel Sasuman, JesseSullano, and Estoy Lencioco. J. Cordon Construction-DPWH 2ndDistrict, meanwhile, registered its second straight victory by toppling theAsialink-E and C Trucking in overtime. Uniwheels, on the other hand, remainedat third spot in the standings following their victory over the slumping TEJBuilders. Uniwheels improves to 4-1, while TEJ skidded to 1-4.last_img read more

Blanchet Continues To Lead; UWF In Second at GSC Championship

first_imgFreshman Bryce Geraghty is tied for 14th at 149. He followed yesterday’s 74 with a 75.  Print Friendly Version “We just didn’t finish the day off,” UWF head coach Steve Fell said. “The guys know what they have to do (on Tuesday). We need to put up a low number and hope they (Lee) don’t play that great.” UWF made the turn at 4-under-par before it played the back nine at 4-over. The Argonauts combined for 10 birdies going out but just five coming back in. 36-HOLE RESULTS (PDF)TUESDAY TEE TIMESLIVE SCORINGMUSCLE SHOALS, Ala. – UWF sophomore Chandler Blanchet maintained his lead at the Gulf South Conference Championship Monday, birdying the final two holes to shoot a 4-under-par 68 on The Fighting Joe Course at The Shoals, The Gainesville, Florida native is at 5-under-par 139 for the tourney, one shot ahead of Lee’s Shea Sylvester. Those two are the only players under par after 36 holes of the 54-hole event. Blanchet actually dropped to second place with a bogey on 13 but finished with birdies on the final two holes to regain the top spot. He had six birdies and two bogeys on Monday.center_img For Tuesday’s final 18, UWF will be paired with Lee and Valdosta State for the second-consecutive day. The first tee time for the wave will start at 10:15 a.m.  Sophomore Henry Westmoreland IV birdied three of the first seven holes and was at 3-under-par through much of the back nine before a pair of bogeys at Nos. 15 and 16, and a birdie at No. 17 allowed him to sign for a 2-under-par 70. He moved up 19 places on the leaderboard into a tie for 19th at 150. Redshirt freshman Christian Bosso had a 76, taking two strokes of his first round score, and is tied for 25th at 154. Senior Talin Rajendranath played the majority of his round at even or one over before a double bogey at 17 saw him finish with a 75. He is tied for ninth at 147. The team race has also evolved into a two-man battle, with Lee holding a 7-shot lead over UWF. Lee shot 3-under-par in the second round to extend its lead from four to seven. UWF recorded a 288 and is at 583 overall. Valdosta State is in third at 597, with Delta State and North Alabama tied fourth at 600.last_img read more

HS Girls Hoops: Parma Lady Redmen Make it Four Straight, Top Holy Name 50-39

first_img Matt Loede The Lady Redmen of Parma continued their strong play into the new year on Wednesday night, as they moved to 6-7, (3-3 GLC) with a road 50-39 win over the Holy Name Greenwave.The win for the lady Redmen is their fourth straight, as they haven’t dropped a decision since January 5th against Normandy, their only loss in 2019 to date. The lady Redmen played a solid first half, as they hit seven three pointers and led it 33-22 at half. The lead would stay at 11 as both teams went on to score 17 points a piece in the second half. Elise Balcer led Parma with 13 points and four steals, Shannon Chamberlin added 12 points and five boards. Taylor Rericha and Grace Jacobs each added eight in the win. The win is the third straight road win for Parma, and they have won three straight in the Great Lakes Conference. The Lady Redmen will be back in action this Saturday in another Conference Match-up as they play host to the Bay Rockets. Varsity will tip-off at 2:00PM.Holy Name, now 6-8 on the year, will host Rocky River in GLC action on Wednesday, January 23rd at 7:30pm. Matt Loede has been a part of the Cleveland Sports Media for over 21 years, with experience covering Major League Baseball, National Basketball Association, the National Football League and even high school and college events. He has been a part of the Cleveland Indians coverage since the opening of Jacobs/Progressive Field in 1994, and spent two and a half years covering the team for 92.3 The Fan, and covers them daily for Associated Press Radio. You can follow Matt on Twitter HERE.center_img Related TopicsHoly Name BasketballParma Redmenlast_img read more

Division of Forestry Says Card Street Fire May Not be Human Caused

first_imgPublic Information Officer Tim Mowry said local, state, and federal agencies are working together to determine what caused it. The cause of the Funny River Fire also remains under investigation. If the cause is determined in the future… Andy Loranger with the Kenai National Wildlife Refuge said although the origin of the Funny River Fire was pinpointed, there was no evidence left such as campfire debris or a cigarette to determine what exactly ignited it. Federal agencies previously ruled that nearly 200,000 acre fire to be human caused last year.center_img Mowry: “I know it has come out previously that it is human caused but that is still a part of the investigation. Part of the reason is because we have a computer software program that will sort of automatically list things as human caused under investigation if like a dispatcher does not fill that in so it sort of is a default. They’re still looking at if that was human caused or lightning.” Mowry: “The results of the investigation and if it is found to be human caused and there is someone identified as the one who caused it, that information would be forwarded to the attorney general’s office and then it would be up to the attorney general as how to proceed from there.” FacebookTwitterEmailPrintFriendly分享The investigation into what caused the Card Street Fire continues and now agencies are stating it may not have been human caused.last_img read more

Pilots Urged To Observe TFRs, And Not Fly Over Wildfires

first_imgTFRs are time-limited restrictions imposed on airspace for a variety of reasons, including protecting the safety of those working to fight wildfires or deal with other natural disasters. When TRFs are not in effect, private and commercial aircraft operations are subject to any normal airspace controls. The effective hours of the TFRs currently in place are:• Swan Lake Fire: 8 a.m. – 10 p.m. AKDT (1600 – 0600 UTC) Mowry: “We understand the inconvenience these restrictions put on pilots but the safety of the public and firefighters is our number one priority. Incursions by private aircraft endanger the rotary- and fixed-wing aircraft used to drop water or fire retardant, to transport firefighting crews and equipment, or to provide aerial reconnaissance.” While TFRs have been established in the airspace overlying the Swan Lake fire, there have been multiple incursions by private aircraft in the airspace over these fires in the past week, said Tim Mowry, spokesman for the state Division of Forestry. FacebookTwitterEmailPrintFriendly分享With aircraft playing an important part in fighting wildland fires in Alaska, state fire officials urged private pilots to keep their aircraft away from active fire areas and to respect airspace Temporary Flight Restrictions (TFRs). Visual Flight Rules (VFR) aircraft are not permitted to fly through these TFRs unless landing at a published airstrip. Prior to entering the TFR, pilots must contact the designated agency identified in the applicable Notice to Airmen (NOTAM).last_img read more

Wadadah determined to get it right in RSPL play-offs

first_imgDespite only managing a point at home on Wednesday evening, when they drew 0-0 with Vere FC at Jarrett Park in their first game of the Red Stripe Premier League (RSPL) play-offs, coach of Wadadah FC,Daniel Ricketts, said they are determined to get it right this time around and return to top-flight football. Last season, the former national champions had a humiliating run in the RSPL playoffs, where they failed to pick up a point in eight games. “We didn’t want just a point, we wanted all three, but we got one, so we have to be grateful and move on from here. Normally, in previous campaigns, we didn’t start with a point, so we just have to take it from here, learning from our mistakes and play better,” Ricketts said. “I saw a lot of negatives, more negatives than positives, which we have to try and correct as quickly as possible. Not to mention them now, but I think on Friday (during training), we have to sort them out,” he added. “I think the killer instinct should have been there from long time. At the end of the day, this is the play-offs, this is what we played for, and now we are here. I’ll have to make some decisions going forward, some that some players might not like, but it must be done,” the coach added. WESTERN TEAM Ricketts further noted that with no western team in the nation’s top-flight league, they have their eyes set on seizing the opportunity, and winning home games is key to doing so. “We have to get it right this time around because as you know, there is no other team from the western region in the Premier League following the relegation of Montego Bay United and Reno.“We are determined to be one of the qualifiers this time around,” said Ricketts, who captained Wadadah the last time they were in the Premier League. “This year, I think the guys are a little more experienced, for one. Secondly, they have now realised it’s not a joking matter. It is something that we have to take seriously, and if you lose at home then that is a great loss because you have to take the points at home and hope to get something on the road,” he added. Wadadah will face St Thomas’ Baptiste Alliance today at 3:30 p.m. at Wes Pow Park.last_img read more

Manny Diaz: Defense still trying to find 11 best players

first_img Session ID: 2020-09-18:490728a6e5cd550d166782c Player ID: videojs-brightcove-player-772264-4541024758001 OK Close Modal DialogCaption Settings DialogBeginning 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 CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Mississippi State defensive coordinator Manny Diaz said his team is still trying to find its 11 best players. Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUNDlast_img read more