The first stages of a South Korean government “Green New Deal” aiming to retool one of the world’s most fossil fuel-reliant economies is focused instead on protecting jobs as the country seeks to stimulate a virus-ravaged economy, activists say.First proposed by President Moon Jae-in’s ruling party ahead of the April parliamentary election, the Green New Deal set ambitious goals of net-zero emissions by 2050, an end to financing of overseas coal plants, and the introduction of a carbon tax.But activists say that government plans announced since then do not directly address Moon’s pledge to reach net-zero emissions, or to end to coal financing. Topics : An initial parliamentary proposal calls for an investment of 12.9 trillion won ($10.5 billion) over the next two years, with the focus on the creation of 133,000 jobs.The plan includes remodeling public buildings, creating urban forests, recycling, establishing a foundation for new and renewable energy, and creating low-carbon energy industrial complexes to reduce reliance on fossil fuels.Those proposals look “like a repackaging of already existing plans and policies,” Kim Joo-jin, managing director of Solutions For Our Climate (SFOC), a Seoul-based non-profit organization, said in a statement.”There is quite a large gap between international praise of Korea’s Green New Deal and the reality on the ground,” he said. Lee So-young, who was elected to parliament this year on a platform of environmental reform, acknowledged the concerns but said lawmakers are seeking to draft more detailed laws that will not only not boost the economy after the coronavirus crisis, but also transform the economy and society in more sustainable ways.The jobs-heavy proposals are a first, short-term phase designed to help shore up the economy after the coronavirus crisis, she told Reuters.”Green New Deal legislation is not simply a matter of injecting funding in certain projects, but rather addressing what kind of procedure, governance and regulations we will use to remodel the entire society by 2050 to prevent climate change,” Lee said.Difficult transitionsLee vowed that in the long run, the New Green Deal won’t simply be old policies that have been “green washed.”A more long-term plan will need to be drafted to regulate and end financing for coal plants, impose phased carbon taxes, increase “energy welfare” for people suffering from the effects of climate change, and to reduce overall air pollution, she said.In 2017, the last year for which data was available, South Korea was the 7th largest emitter of carbon dioxide in the world, according to the International Energy Agency (IEA).Coal power is the bedrock of South Korea’s electricity supply, accounting for about 40% of the country’s total energy mix, with renewable power accounting for less than 6%.With the economic woes that are being exacerbated by the COVID-19 crisis, Moon’s administration has continued to subsidize and bail out companies like Doosan Heavy, which builds power stations in South Korea and overseas.But the wide victory margins for Moon’s party in the April parliamentary election, and an appetite for progress on climate, reinforces that view that voters in Asia’s developed economies and regions now equate environmental performance with government competence, said Melissa Brown, director of Asia Energy Policy Studies at the US-based Institute for Energy Economics and Financial Analysis.”Voters want their children to have clean air and water,” she said. “They associate environmental problems with corruption and lazy politicians.”
Early results of a closely watched Phase 1/2 trial published this week in The Lancet suggest the vaccine candidate is safe and induces an immune response. “We hope to be able to produce a vaccine by the end of the year… perhaps a little earlier if all goes well” on the back of phase three results expected in the autumn, Soriot added in an interview. A coronavirus vaccine being developed by the University of Oxford and AstraZeneca should be available globally “at cost price” by year end, the firm’s director general said Tuesday.”Our objective is to bring the vaccine to everybody, [and] equally to do so on a not-for-profit basis so we shall be providing the vaccine at cost price,” Pascal Soriot told RTL radio.”At cost price that will be about 2.5 euros ($2.8) per unit. US group Johnson & Johnson has also vowed to deliver a vaccine at “non-profit” pricing.In contrast rivals Pfizer, Merck and Moderna confirmed Tuesday to US lawmakers they would not sell vaccine at cost.Soriot said the vaccine had performed well in stage 1 and 2 trials suggesting it offered good tolerability without serious side effects.Stage 3 trials will now be carried out on a wider sample before product can finally be rolled out.”We are working hand in hand with the regulators, we exchange our data on a daily basis to enable very swift evaluation. We are carrying out clinical trials which allows us to gain time,” said Soriot.He added the group had begun to produce product in “a number of regions” so they would be ready to start delivering “if the clinical trials are positive.”A separate trial in Wuhan, China, where the disease first emerged late last year and involving more than 500 people, showed most had developed widespread antibody immune response. The race is on in labs across the world to win the race to produce a vaccine to deal with the world health crisis the world has seen in a century.More than 200 candidate vaccines are being developed with 23 having progressed to clinical trials with human volunteers.Topics :
Image Courtesy: Port of RotterdamNiche carriers have both outperformed and vastly underperformed the top 16 carriers, with a high degree of volatility in schedule reliability, according to SeaIntel Maritime Analysis.“If on-time performance is a priority, niche carriers offer better rewards, but with higher risks.”The top 16 carriers have both a lower degree of volatility than the niche carriers, and are grouped much closer together. This consistency in the top 16 carriers can, to a large degree, be explained by their high level of interconnectedness, through alliances, VSAs, and slot charters.The niche carriers, however, are a completely different story. SeaIntel said that they in general have greater schedule reliability volatility, and “we can see the trend go upward as we move down the rankings, meaning that the smaller niche carrier are more volatile.”The Transatlantic Westbound trade lane is a perfect example of this. The niche carriers may offer better reliability on the higher end of the spectrum, but then there is the risk of choosing the wrong niche carrier and ending up facing consistent delays. ICL has consistently scored better in on-time performance than the top 16 carriers, with an average reliability of 95.5% from the first quarter of 2012 to the second quarter of 2017. ARRC, on the other hand, has recorded an average schedule reliability of 78.1 percentage points below ICL in this period.“This volatility makes choosing a niche carrier over a top 16 carrier potentially risky. There is the obvious reward of getting higher on-time performance if the right niche carrier is chosen, but there is also the obvious pitfall of extremely poor schedule reliability if the wrong niche carrier is chosen,” Alan Murphy, SeaIntel CEO, said.
Image source: APTThe APT Global group today announced the opening of a new office in the Netherlands.The new office, located at Westerduinweg 3 in IJmuiden, is an addition to the production facilities, offices and yards in Dubai, Qatar and India and extends the presence of the group in Europe.“The addition of the Dutch team is a big and exciting step forward for the group. It significantly broadens our capabilities to cater to the needs of our customers, especially in the offshore and dredging industry,” said Anil Abraham, CEO of APT Global Marine Services.The new team in the Netherlands will focus on the development, engineering and delivery of complete dredgers, dredge systems and dredge components, APT said in its release.[mappress mapid=”24570″]
Norway’s Kongsberg Group has completed the purchase of Rolls-Royce Commercial Marine (RRCM).Illustration. Image source: Rolls-RoyceKongsberg announced the acquisition of Rolls-Royce Commercial Marine on July 6, 2018, and completed it on April 1, 2019. As of today, RRCM is an integrated part of Kongsberg.Announcing the completion on Monday, Kongsberg said that its position as a supplier of technology for the maritime industry had been strengthened.In a separate statement on Monday, Rolls-Royce said the completion of transaction follows recent clearance from the relevant regulatory authorities.The parties have agreed a value for Rolls-Royce Commercial Marine of GBP 500 million (on a cash and debt free basis and with working capital at an agreed level). The final purchase price is determined based on Rolls-Royce Commercial Marine’s cash, debt and working capital at time of completion of the transaction.Kongsberg said: “The group has now become a more complete technology supplier, and has strengthened its competitiveness as a strategically important supplier for shipping companies, shipyards, as well as other customers and partners. A broader product portfolio, complete solutions and increased volume of service assignments, strengthens the position as a global leading technology supplier in the maritime industry. Today, Kongsberg Maritime’s equipment is installed on more than 30,000 vessels worldwide.”Geir Håøy, CEO of Kongsberg, said: “I have looked forward to this day for a long time. Together we are now well positioned in the market, and our ambition is to lead the development of the future maritime industry globally in close cooperation with customers and partners. We shall be the ocean space expert. We have spent a long time planning and preparing, now the work of ensuring a successful integration begins.”With the acquisition of RRCM, Kongsberg is now represented in 40 countries, close to 11,000 employees and an annual turnover of more than NOK 22 billion ($2.6B).Kongsberg Maritime is a provider of automation, navigation and control systems, propellers, propulsion systems, deck handling equipment and ship design.Executive Vice President of Kongsberg Maritime, Egil Haugsdal, said: “I am looking forward to welcoming 3,600 highly skilled new colleagues. Together we will work for a fast and smooth integration of people, cultures, products, solutions and innovative work.”Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.
A finish that the fans are still talking about saw Jake Martens prevail in Saturday’s IMCA RaceSaver Sprint Car headline event at Dodge City Raceway Park. (Photo by Lonnie Wheatley) By Lonnie WheatleyDODGE CITY, Kan. (June 16) – Jake Martens survived a wild last lap to pocket more than $4,000 by winning Saturday’s Lubbock Wrecker Service DCRP vs. URSS 305 Sprint Car Nationals 30-lap championship feature at Dodge City Raceway Park.Martens took the lead away from Brian Herbert, then kept Chad Koch at bay before escaping a last-lap slider from Jake Bubak to pocket $4,040, an amount that included $1,040 in lap money along with the posted $3,000 IMCA RaceSaver Sprint car winner’s share.Martens raced to the stripe ahead of Koch and 15th starting Luke Cranston for the lucrative payday.Brian Herbert gunned into the lead at the outset and paced the early rounds with Martens making his way into second soon after the first of just two cautions flew on lap 10.Martens finally made his way into the lead on the 19th circuit with Koch racing into second on the same lap and the surging Cranston taking over third on the 20thround.The stage was set for a dicey final 10 laps with Martens, Koch, Cranston and Jake Bubak all in the mix for the win. With the white flag in the air, Bubak dove into turn one and slid past both Koch and then Martens to briefly take the lead. But as Martens drove off turn two, contact between the two cars sent Bubak looping into the infield.After winning the ‘B’ feature, 21st starting Jason Martin charged through the field to capture fourth and earn the Keizer Wheels Hard Charger award with Zach Blurton rounding out the top five.Feature results – 1. Jake Martens; 2. Chad Koch; 3. Luke Cranston; 4. Jason Martin; 5. Zach Blurton; 6. Tony Bruce Jr.; 7. Brian Herbert; 8. Ray Seemann; 9. Austin McLean; 10. J.D. Johnson; 11. Nick Haygood; 12. Tyler Knight; 13. Koby Walters; 14. Ty Williams; 15. Jordan Knight; 16. Jed Werner; 17. Steven Richardson; 18. Jake Bubak; 19. Ross Essenburg; 20. Taylor Velasquez; 21. Lance Davis; 22. Lonnie Cox; 23. Brett Becker; 24. Todd Plemons.
It was interesting for me to watch a PGA golf tournament a couple weeks back in which Vijay Singh started the last round second on the leader board. He did fade a little on the last day, but he showed that he could still play with the young guys.In the same tournament, Ernie Els had a good run as well. The average age of these two golfers, I believe, is 54. Els represents Australia while Singh represents Fiji. Since professional golf has become international, Singh and Els along with people like Greg Norman and Gary Player have made their countries very proud. Today, if a country has a golf course, you can probably bet that they have at least one player on an American pro tour. They may not be playing with the big boys yet, but they will get there. PGA golf is truly international!
Balotelli has failed to score in the Barclays Premier League since joining Liverpool from AC Milan in a £16million transfer deal last summer. The 24-year-old striker has since been linked with a return to Italy in the January transfer market in a bid to reignite his career. However, Balotelli’s agent Mino Raiola has brushed off those rumours and insists the former Manchester City player will stay put. “Balotelli is very disappointed with himself, ” Raiola told La Gazzetta dello Sport. “He’s going through a bad time like he’s never had before. “In Liverpool he hasn’t had the space he needs: if you can’t make things go the way you want, you stay out of the team. “Then he was injured for eight weeks so he lost his rhythm. “But the plan is for him to continue at Anfield. “I saw him on Monday and told him: ‘You have a four-year contract and I will not send you away. “Or you leave Liverpool at 60-70 million (euros), and I win my bet, or you will die there’. “It’s the first time I have made a speech like that to a player. Things have not gone as planned for Mario Balotelli at Liverpool but the Italy international is hopeful of turning things around at Anfield, according to his agent. “I’ve seen him quiet, changed, different from when he was at Milan. ” Raiola believes Balotelli has not been treated fairly by the media and claims that the former striker is “insecure”. “Of all the players I knew I’ve never met one forced to face the injustices suffered by Mario,” Raiola said. “People don’t know him but the truth is that Mario is an insecure boy, and it’s down to his insecurity that maybe he does stupid things.” Balotelli played for City between 2010 and 2013 before being sold to Milan, where he scored 26 goals in 43 appearances. However, the pressure at Milan ultimately proved too much for Balotelli, according to Raiola. “AC Milan needed a leader,” Raiola said. “But he is not a leader, and it is also wrong to ask him to be one. “There are very strong players who have no leadership skills, others less strong that do.” Press Association
July 13, 2020 Associated Press ___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Swiss soccer club Zurich says it will field an under-21 team to try to save the season from being canceled because the first-team is isolating at home. Zurich’s game on Saturday was postponed because multiple players and staff tested positive for the coronavirus.The club says it will play Tuesday against third-place Basel by selecting young players from its backup roster.Zurich also has to play title contender Young Boys and St. Gallen and says it wanted to avoid the league being annulled.The 10 teams are already playing in midweek and on weekends to finish the season on Aug. 2 and meet a UEFA deadline for European competition entries. It is unclear when Zurich can play a re-scheduled game against Sion.Zurich is in sixth place but in contention to earn a Europa League entry by finishing fourth. The Latest: Swiss club Zurich to field under-21 team
It was the Croatians who ended Icelandâ€™s FIFA World Cup dream in 2013, triumphing in a play-off that ended with Icelandic players in tears on the Zagreb pitch. Iceland, however,Â topped its qualification group ahead of CroatiaÂ for this World Cup. So, does that give them an edge heading into this do-or-die Group D encounter?â€œYes and no,” is the verdict of star midfielder Gylfi Sigurdsson. “We know that they have one of the best national teams in the world right now, judging by their recent performances.“I donâ€™t think it will change anything that weâ€™ve beaten them a year ago, or lost to them three years ago. Itâ€™s going to be a completely different match. But of course, itâ€™s great that weâ€™ve shown that we can beat them.â€œTheyâ€™re hard to break down and strong, both offensively and defensively. But weâ€™ve got nothing to lose. It rests on us to get a good result, and then weâ€™re hoping for a favourable result from the other match (between Nigeria and Argentina).â€In this respect, it’s worth remembering that Icelandâ€™s route to Russia was not without bumps in the road either. After a loss to Finland with three games in the qualifying campaign to spare, they had to rely on the results of other matches to qualify for their first ever World Cup.Now, they must win against Croatia and hope that Argentina don’t beat Nigeria by a bigger margin. â€œIt has happened before,” Sigurdsson reflected. “The most recent example is the game against Finland away. We were in a difficult situation at the time but, somehow, we always manage to fight back and do the almost-impossible. I hope that will be the case this time as well.â€œIt would be a fantastic achievement to qualify from this group,” Sigurdsson added. “But simply being at the World Cup helps younger generations in Iceland. For them, being able to watch their own national team play at this tournament is amazing, and something I canâ€™t really imagine because it was not like that when I was young. This experience can only be positive.” RESULTSEngland 6-1 PanamaJapan 2-2 SenegalPoland 0-3 ColombiaTONIGHT’S FIXTURESSaudi Arabia Vs EgyptUruguay Vs RussiaIran Vs PortugalShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram No cheers were heard in Iceland when the country was drawn in the same group as Croatia for the 2018 World Cup in Russia. That mainly reflected a recognition of the Croatians’ strength, but was also down to the frequency with which the two teams have met in recent years.Indeed, when these sides meetÂ tomorrowÂ (June 26) in Rostov-on-Don, it will be their fifth competitive match in roughly four-and-a-half years. And these games have not tended to be the friendliest of encounters, with three red cards shown across the four encounters.Croatia have a better head-to-head record in those meetings, with two wins. Then again, Iceland did come out on top in the most recent encounter, on a sunny day in June of last year.