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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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    *PepsiCo, Procter & Gamble, Dow, Danone, Unilever and The Coca-Cola Company Intend to Join Forces To Incubate and Invest in Solutions in South and Southeast Asia*

    NEW YORK and SINGAPORE, Oct. 25, 2018 /PRNewswire/ -- Circulate Capital, the investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic, today announced that it expects to receive US$90 million in funding for its strategy to combat ocean plastic from several of the world's leading consumer packaged goods and chemical companies, including PepsiCo (NASDAQ: PEP), the first investor; Procter & Gamble (NYSE: PG), Dow (NYSE: DWDP), Danone (EPA: BN), Unilever (NYSE: UN) and The Coca-Cola Company (NYSE: KO). Circulate Capital anticipates formalizing definitive agreements with these parties by early 2019.

    Circulate Capital, its expected founding investors, and the Ocean Conservancy, a leading nonprofit environmental advocacy organization working to protect the world's ocean, will hold a joint event during the Our Ocean Conference in Bali, Indonesia on October 29, where they will provide an overview of Circulate Capital's unique investment model, which is designed to create the lasting systems change needed to address the ocean plastic crisis.

    Circulate Capital's mission is to demonstrate the investibility of the waste management and recycling sectors to attract the billions of dollars of institutional investment capital that are needed to scale integrated recycling and waste management companies and infrastructure across South and Southeast Asia, regions identified as contributing disproportionately to ocean plastic pollution primarily because they lack the critical waste infrastructure to manage the problem. Circulate Capital's investment model seeks to mobilize institutional investment capital through financial structures that blend concessionary and philanthropic funds with market rate investment capital with a view to mitigating risk and demonstrating that investment in the resource recovery sector can ultimately provide attractive financial returns.

    "We seek to catalyze systems change by removing capital as a barrier to critical waste and recycling infrastructure development, and today's funding announcement is a huge step towards achieving this goal," said Rob Kaplan, Founder and CEO of Circulate Capital. "Institutional investors are unwilling to allocate to this sector because of a 'missing middle' -- proven entities that demonstrate a track record of profitability and offer a robust pipeline of investment prospects. By partnering with the world's leading corporations, many of which are direct competitors, we can leverage their patient capital and technical know-how to build on-ramps for institutional capital at scale over the longer-term."

    "PepsiCo wants to help create, reimagine and realign the entire ecosystem that generates and remediates ocean plastic pollution," said Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer. "We joined Circulate Capital as the very first funder because we share their inspired vision to develop a circular economy in which we can take old plastics and turn them into a new, reusable resource for future materials. It's what consumers want, it's the right thing to do for our planet and oceans, and it's good for business."

    "P&G remains committed to doing our part to help stop the flow of plastic to the ocean and we know it will take partnerships and collaboration to make meaningful progress. We're proud to join our fellow investors and the Circulate Capital team in working together to generate the innovation and investment needed to solve this critical global issue," said Procter & Gamble Vice President of Global Sustainability, Virginie Helias.

    "Circulate Capital's initiative is important because it empowers local people in the regions most impacted by waste to develop actionable and scalable solutions within their communities," said Diego Donoso, business president of Dow Packaging and Specialty Plastics. "There are many people with both the ideas and the resolve to tackle this waste challenge and Dow is proud to help provide the capital to make those ideas into solutions."

    "While we are working hard to ensure our packaging is designed to be circular, the reality is that it cannot be reused, recycled or composted without effective waste management systems in place," said Katharina Stenholm, Chief of Cycles and Procurement Officer of Danone. "Financing is often a barrier for proper waste management infrastructure implementation, especially in countries where formal systems are absent or in development. Investing in Circulate Capital would perfectly fit our roadmap and would support our vision towards a fully circular system where our packaging is safely reused, recycled or composted and never becomes waste or pollution." 

    "We're proud to be taking a leading role in tackling packaging waste, but we can't do this alone. Moving away from a linear 'take-make-dispose' model of consumption to one that is circular by design will require new business models, investment in innovation and the development of infrastructure," said David Blanchard, Unilever's Chief R&D Officer. "This collaboration with Circulate Capital and other partners is an important step in unlocking the investment required to accelerate and scale up meaningful solutions to prevent plastic waste."

    "At Coca-Cola, we believe that every package has a value and a life beyond its first use, which is why we are fundamentally reshaping our approach to packaging with a bold, ambitious goal to collect and recycle a bottle or can for every one we sell by 2030," said Bea Perez, Coca-Cola SVP, Chief Communications, Public Affairs, Sustainability and Marketing Assets Officer. "Working with other partners and organizations, our global World Without Waste program aims to help create and implement effective collection and recycling infrastructures, so that empty bottles can have another life. Investing in Circulate Capital brings us all closer to the change needed to make plastic pollution a thing of the past. We believe it's the right thing to do for our planet and our communities."

    "Ocean Conservancy has been tracking marine debris for more than three decades through our annual International Coastal Cleanup, and we have seen firsthand how plastic has made its way to the top of the list of materials polluting our beaches and waterways," said Chever Voltmer, Plastics Initiative Director at Ocean Conservancy. "With an estimated eight million metric tons of plastic entering the ocean every year we need all hands on deck to solve this problem, including the private sector. That's why we were so eager to work with Circulate Capital and corporate partners last year to launch an investment firm that would invest in much-needed waste management solutions; and we are so proud to join them in making this funding announcement."

    Circulate Capital's strategy to prevent future ocean plastic reflects a uniquely comprehensive approach that goes beyond providing investment capital to entrepreneurs. Through The Incubator Network by Circulate Capital and SecondMuse, announced on September 20, 2018 at the G7 Oceans Partnership Summit in Halifax, Canada, Circulate Capital is also using philanthropic and public funds and technical assistance to support and develop public and nonprofit entities to implement new approaches and build capacity that can support large institutional capital commitments.

    Kaplan added: "Circulate Capital's innovative strategy addresses the critical gaps in capital needed – including investment, philanthropic and human capital – to create an ecosystem of innovation, investment, entrepreneurship and public-private partnerships to solve the problem. The model relies on partnering with local innovators who are implementing solutions on the ground in source communities, and on incentivizing a new generation of social entrepreneurs to build a fresh pipeline of potential projects."

    Our Ocean Conference Event Details

    Circulate Capital and the Ocean Conservancy plan to host a side event at the Our Ocean Conference on October 29^th, 'Ocean Plastics: The Role of Catalytic Capital' at 12:30pm. Rob Kaplan of Circulate Capital and Susan Ruffo, Managing Director, International Initiatives for the Ocean Conservancy, will discuss the importance of catalytic capital in solving the ocean plastic crisis. Expected founding investors including PepsiCo, Procter & Gamble, Dow, Unilever and The Coca-Cola Company are planning to attend. Mr. Kaplan will also be joined by representatives from the Indonesian government and an Indonesian waste-management entrepreneur, as well as principals from SecondMuse and McKinsey.org, which are partners in the recently launched The Incubator Network by Circulate Capital and SecondMuse, a new initiative to accelerate solutions to ocean plastic waste by partnering with existing incubators to build ecosystems of waste management and recycling innovators.

    *About Circulate Capital*

    Circulate Capital is an investment management firm dedicated to incubating and financing companies and infrastructure that prevent ocean plastic. We focus on the prevention of mismanaged plastic waste in countries located in South Asia and Southeast Asia, regions that contribute disproportionately to ocean plastic pollution primarily because they often lack the critical waste infrastructure to manage the problem. We were created in collaboration with Closed Loop Partners and Ocean Conservancy, and our founding investors are expected to include PepsiCo, the first investor; Procter & Gamble, Dow, Danone, Unilever and The Coca-Cola Company. We are also supported by many other leading consumer product goods and chemical companies, intergovernmental organizations and associations including 3M, American Chemistry Council, Kimberly-Clark, Partnerships in Environmental Management for the Seas of East Asia (PEMSEA) and the World Plastics Council.

    *About Ocean Conservancy*

    Ocean Conservancy is working to protect the ocean from today's greatest global challenges. Together with our partners, we create science-based solutions for a healthy ocean and the wildlife and communities that depend on it. www.oceanconservancy.org

    Media Contact:
    Cindy Stoller
    Confluence Partners
    917-331-0418
    cstoller@confluencepartners.com

    Related Links :

    https://www.circulatecapital.com Reported by PR Newswire Asia 2 hours ago.

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    An investigation is underway after a Twitter user noticed something unusual about a U.S. Marine aircraft flight path. Buzz60's Tony Spitz has the details.

     
     
     
     
     
     
      Reported by USATODAY.com 1 hour ago.

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    “The Kano, The Teacher & The Lola: A Filipino-American Fable” gives new meaning to Filipino Time - New Book Release by A.J. Neal Publishing

    JACKSON, N.J. (PRWEB) October 25, 2018

    Finally, time for the “invisible” Asian community to be in the spotlight. A.J. Neal Publishing announces the release of its latest book, “The Kano, The Teacher & The Lola: A Filipino-American Fable”—and pulls back the curtain on the warm and wonderful Filipino people and culture.

    Readers will join Michael, a smitten American boy, on an unexpected journey to prove himself a worthy suitor for the beautiful Maria, a recent immigrant from the Philippines. In a quest to find his ”inner Filipino,” Michael encounters a mysterious but sincere teacher; discovers a Filipino world not bound by time or space; and learns from the Lola (grandmother) the Filipino traditions, folklore and superstitions necessary to transform him from an Ameri-kano to a Filipino, at least in appreciation and spirit.

    The book is a fable only in the whimsical, creative envelope used to deliver on the content, which is based in facts, traditions, and beliefs. A sweeping range of subjects such as Filipino history, immigration, food, festivals, celebrations, beliefs, quirks, language, notable compatriots and random facts are all seamlessly worked into the story line, creating a reading experience as educational as it is fun.

    Not being Filipino himself but married into the culture, author Christopher Holl believes those with an interest in “all things Filipino” will enjoy the book, but he is quick to point out to his Filipino readers, “You don’t need me to teach you about your culture, but I hope my perspective and appreciation for it add to, or at least remind you, of what you already know and love about it.”

    “The Kano, The Teacher & The Lola: A Filipino-American Fable,” is available online at Amazon and Barnes & Noble in eBook, hardcover and paperback. The author can be contacted at publisher(at)ajnealpublishing.com

    About the Author:
    Christopher Holl may not be Filipino by birthright, but he is in spirit, as evidenced by 28 years of marriage to his Filipina wife and their “Fil-Am” children. He’s fond of saying that he loves the Filipino people so much, he made four of his own! Holl is a business executive, former US Marine and author of “Life Lessons from The Chocolate Factory: 10 Rich, Satisfying Nuggets to Nibble On” and “Dispense-Sation: A Pharmacist’s Rx for a Laugh.” Reported by PRWeb 1 hour ago.

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    Hong Kong’s development chief says local construction waste, rather than imported sand, will be the major material for a controversial reclamation project, dismissing concerns that a shortage of sand might inflate costs. Michael Wong Wai-lun yesterday explained to the media the cost estimates for the Lantau Tomorrow Vision project, announced this month as the government’s grand plan to tackle land shortage, after a media report suggested the high cost of marine sand could send the... Reported by S.China Morning Post 59 minutes ago.

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    An investigation is underway after a Twitter user noticed something unusual about a U.S. Marine aircraft flight path. Buzz60's Tony Spitz has the details.

     
     
     
     
     
     
      Reported by USATODAY.com 14 minutes ago.

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    Kevin Murray Joins AERÉ Marine Group as Regional Manager. Through Murray, AERÉ Expands Services to U.S. Northeast Region

    FORT LAUDERDALE, Fla. (PRWEB) October 25, 2018

    Kevin Murray, former corporate engineer and founder of AnchorSuit, joins AERÉ Marine Group as a regional manager in the U.S. Northeast region, expanding AERÉ’s east coast presence and customer service capabilities.

    Murray’s personal marine experience includes boating in the summers on Lake Michigan before joining the U.S. Air Force and, as is still the case, sailing regularly from his current home city of Westport, MA. In 2008, Murray invented AnchorSuit, a soft, neoprene cover that holds secondary anchors, lines, and rode chains in a protective casing while aboard a vessel.

    While most of Murray’s post-military career was spent in engineering within the biotech industry, his entry into the marine industry gave him the spark to transition his passion into a full-time career. His experience with manning his own vessels and innovative product development make him a valuable addition to the AERÉ team.

    “Kevin Murray’s experience, passion for boating, and unique understanding of the marine industry are the perfect mix to lead AERÉ in the Northeast region. As an inventor and entrepreneur, he offers an experienced industry perspective providing docking solutions for any situation. We’re thrilled for Kevin to join the team.” - Vicki Abernathy, Chief Operating Officer AERÉ Marine Group

    Through Murray’s experience developing and tailoring products to meet boaters needs, he understands how to customize solutions for each boater’s individual situation. His knowledge of and proximity to the major sailing areas of New England will give regional boaters a resource and consultant to help outfit their vessels with the highest quality marine equipment.

    As of his joining the AERÉ team, he is available to help Northeast region boaters with any questions or concerns they may have, especially as it relates to AERÉ Marine products (inflatable fenders, fender covers, etc.). He is available via phone and email.

    About AERÉ Marine Group — Founded in 1998, AERÉ Marine Group was founded on the idea of helping boaters around the U.S. and the world with practical technology. The signature product lines include inflatable fenders of 40 sizes to accommodate and protect any vessel, stern protection systems, marine-knit fabric fender covers, and fire-extinguishing products.

    Contact Kevin Murray at 1-877-617-5615
    http://www.aeredockingsolutions.com Reported by PRWeb 19 hours ago.

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    The boat that capsized on Wednesday, killing newly-wed Siddesh Pawar, had charted a course for disaster the minute it lifted anchor off the Gateway of India.

    The overloaded boat was the last one to be pressed into service and did not have clearance from the Mumbai Port Trust.

    The boat, Manas-3, carrying 25 media persons and government officials upturned on Wednesday when it hit a rock, and 34-year-old Vakola resident drowned before he could be rescued. Fishermen bodies, who oppose the memorial project due to its adverse impact on the ecology, have taken strong heed of the incident. Damodar Tandel of the Akhil Maharashtra Machimar Kruti Samiti says he will file an FIR into the incident.

    The boat was on its way to the Shivaji Memorial site, off Mumbai's coast, in what seems like an exercise of political strutting. The ceremonial Jalpujan took place a few months ago, but the memorial implementation committee corralled a group of political workers and bureaucrats to "officially announce" commencement of work. A group of journalists was also invited to witness and publicize this political lathering.

    Invitations were sent out by both – Shivsangram Party founder Vinayak Mete and the state Public Works Department to state Chief Secretary, Principal Secretary to the Chief Minister and the PWD Secretary, among others.

    Three boats were first enlisted for the program, the requisite and mandatory permissions for which were cleared by the Mumbai Port Trust (MbPT). However, when the number of attendees rose, a fourth boat was pushed into service last month.

    MbPT officials and a PWD official have confirmed to DNA that this boat – the one that capsized – did not have the requisite sailing permissions to venture into the sea. A preliminary inquiry has also revealed that the fitness certificate for the boat allotted it a passenger strength of 20 people, but 24 were on board on Wednesday.

    The ill-fated boat, it turns out, would not be allowed to sail on sand by conscientious authorities. It did not have adequate safety equipment, including life-jackets.

    A PWD official also admitted that despite this being a government function, a recce of the venue was not undertaken, nor were any trials conducted under the supervision of officers and personnel from the Coast Guard and Navy.

    "Since this was a government function involving important state officials," he says, "the boats could have been requested from the Coast Guard or the Navy. As per protocol, these would then be tracked by a helicopter."
    Sources say the captain of the ill-fated boat was not qualified and is believed to have compromised with the navigation plan.

    A retired Coast Guard officer says the tragedy could have been averted had the organisers been mindful of tide movement – the programme should not have been organised at low tide. However, an investigation will reveal whether this crucial detail was considered before the trip.

    Meanwhile, none of the authorities is taking responsibility for the loss of life, hiding instead behind reports and investigations. Vinayak Mete, chairman of the state-appointed committee to oversee the project, simply says the site was chosen after adequate research and was approved by the State and private consultants.

    "I have asked the Port Marine Chief Deputy Conservator to conduct an enquiry," says Sanjay Bhatia, MbPT chairman.

    Maharashtra Maritime Board (MMB), a nodal agency for development and administration of non-major ports in the state, has also instituted a probe. Vikram Kumar, CEO of MMB, says it will investigate whether the fourth boat had all permissions for sailing and whether it met the safety parameters.

    Western Coast Marine India, which owns Manas-3, declined to comment, citing ongoing probe by government authorities.

    -*That Sinking Feeling*-

    · The boat did not have clearance from MbPT
    · It had the capacity for 20 passengers; 24 were on board
    · Adequate safety equipment, including life-jackets, missing
    · No recce of venue undertaken
    · No trials conducted under the supervision of Coast Guard, Navy
    · Sources say captain not qualified
    · Boat set sail during low tide, raising chances of hitting underwater objects

     

    Article Type: 
    Report
    Sections: 
    India
    Authors: 
    Sanjay Jog
    Mehul R Thakkar
    Agencies: 
    DNA
    Cities: 
    Mumbai
    Tags: 
    capsized
    Maharashtra Maritime Board
    Mumbai Port Trust
    Gateway of India
    Akhil Maharashtra Machimar Kruti Samiti
    Shivaji Memorial
    Shivsangram Party
    Vinayak Mete
    Public Works Department
    Siddesh Pawar
    Sanjay Bhatia
    Vikram Kumar
    Fri, 26 Oct 2018-05:00am
    Date updated: 
    Friday, 26 October 2018 - 5:00am
    Article Images: 
    PTI
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    dnai.in/fJvy
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    From Print Edition: 
    Highlights:  Reported by DNA 14 hours ago.

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    At least 34 people rescued in dramatic operation involving helicopters, marine divers, swimmers and boats Reported by Haaretz 18 hours ago.

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    XTEK Ltd (ASX:XTE) is focused on commercialising proprietary products globally and becoming an integral part of the global supply chain within the Australian defence industry. The company supplies a range of products and support services to the defence, law enforcement and government sectors globally. The main contributor to its core business revenue is supplying small unmanned aerial systems (hand-launched drones) to the Australian and New Zealand defence forces. While the core business continues to grow, the commercialisation of its in-house XTclave™ and XTatlas™ products present a blue sky opportunity. XTEK’s managing director Philippe Odouard said: “We have built a profitable and sustainable core business with multiple growth opportunities in the pipeline. “In addition, our two proprietary products, XTclave™ and XTatlas™, represent significant upside potential in the near term with the commercialisation of these products underway and gaining momentum.” XTclave™ is a unique body armour XTclave™ is a patented manufacturing technology that can produce the world’s lightest and strongest body armour. XTEK is commercialising its XTclave™ technology through the production of armour products including ballistic plates and helmets that incorporate the technology. READ: XTEK makes progress with potential customers for XTclave™ technology In late October 2018, XTEK revealed it was making significant progress with various potential customers in the US, Europe and Australia for its XTclave™ armour technology. XTEK has made a proposal to the US Department of Defence (DOD) through a request for information (RFI) process to develop new ballistic plates for the US Marine Corps. It is also moving closer towards securing production orders in Australia and Europe with testing and assessment on ballistic plates taking place. XTatlas™ is video software used by drones XTatlas™ is an application that allows for real-time, accurate geo-referenced mapping from a full motion video taken from small drones. The application provides real-time intelligence to a warfighter at a fraction of the cost provided by similar data from large UAVs. XTatlas outperforms its competitor’s products which cannot provide geo-referenced mapping in real-time, with data outputs often taking several hours to compute and analyse. READ: XTEK wins first purchase order for its drone-based technology from Australian Defence Force XTEK recently received its first purchase order from the Australian defence force for its XTatlas™ proprietary technology. XTEK grew revenue by 91% in FY2018 XTEK achieved revenue of $17.2 million in FY18, up 91% on the prior year and notably in the upper end of its guided range of $11 to $18 million. READ: XTEK confirms strong growth outlook for FY2019 following another profitable year The operational progress achieved in FY2018 has placed the company in a strong position to build on its momentum in FY2019, with $38 million of contracted revenue already in place. XTEK has provided FY2019 revenue guidance of $17 million to $26 million signalling another financial year of growth. Price target implies substantial upside Patersons analyst Jon Scholtz has a Speculative Buy recommendation and price target of 95 cents per share. He noted the FY18 results delivered revenue at the upper end of guidance, a cash flow positive financial period and a reiteration of FY19 guidance. Scholtz also believes XTEK has significant upside from in-house products and thus maintained his Spec Buy rating. Strong relationship with Australian Defence Force XTEK has made significant ground in terms of forging relationships with high profile clients such as the ADF, as well as State police. There is also  demand for the company’s products from overseas. While the end markets are often confidential, the sale of equipment to FY Composites is important as it is known to supply the Finnish Defence Force, as well as other European clients. Reported by Proactive Investors 17 hours ago.

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    Meet the 'ghostly' dumbo octopus captured on video off the coast of California Researchers exploring the Davidson Seamount in Monterey Bay National Marine Sanctuary came across the so-called dumbo octopus earlier this week using a remotely operated vehicle (ROV). Reported by MailOnline 17 hours ago.

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  • 10/25/18--16:22: Ship traffic, October 26
  • Ship traffic Due to arrive today SHIP FROM PORT Kota Cahaya Los Angeles OAK NYK Artemis Los Angeles OAK Due to depart today SHIP TO PORT Aegean Leader Toyohashi, Japan BNC CMA CGM G. Washington Fuqing, China OAK Ever Excel Taipei, Taiwan OAK Maersk Emerald Vostochnyy, Russia OAK MOL Maestro Tokyo OAK Source: S.F. Marine Exchange Reported by SFGate 15 hours ago.

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    The rutpure will add to the woes of the civic A Ward, which consists of Churchgate, Fort, Colaba, Cuffe Parade and Marine Drive. Reported by DNA 13 hours ago.

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    Dozens of crayfish poached from marine reserve in Gisborne Dozens of mostly undersized crayfish have been poached from Te Tapuwae o Rongokako Marine Reserve in Gisborne by a group of "aggressive, loud and abusive" people.It comes just one month after a group of people were sentenced for... Reported by New Zealand Herald 12 hours ago.

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    By Sanjeev Ahluwalia

    Heat will destroy genetic diversity and trigger migration to cooler climes, water scarcity will constrain food crops, warmer and more acidic seas will denude coral reefs and marine food resources and sea level rise will submerge low islands and coastal areas.

    Climate change seems inevitable. Risk takers who go long on property should check out locations in Canada, Siberia and Greenland. These hitherto frozen places are expected to become attractive relocation favourites in a rapidly warming world.

    The international institutional architecture for concerted effort has been negligent in protecting future generations. The petty mindedness of the “haves”, particularly the United States, has been less than helpful. But it is not easy to make sacrifices today for the common good two generations hence. We Indians, spend our lives risk proofing our families. But even we baulk at collective action.

    Nonetheless, both China and India were aligned with international concerns at Paris in 2015. China (10 per cent of world GDP), with aspirations of global leadership, seized the opportunity to showcase their responsiveness and sense of environmental responsibility versus the renegade behaviour of the US (18 per cent of world GDP). India, though not in the same league, with three per cent of the world GDP — per capita carbon dioxide emissions lower than most economies in our income class (lower medium) and with 25 per cent of the world’s 800 million chronically under-nourished people — bravely punched above its weight and pledged a massive programme of renewable energy.

    If the science on climate change is right, the world is already warmer by 1ºC above the 1,850-1,900 level by 2011 and has used up two thirds of the envelope (1,900 against an allowable 2,900 gigatonnes of CO2) of cumulative emissions to contain temperature rise to 2ºC. Annual emissions are 36 gigatonnes of which 40 per cent remains in the atmosphere, 30 per cent is absorbed by the sea which warms it and the residual 30 per cent is captured by land and plants. By 2050 we would have used up our CO2 emissions limit.

    Thereafter, we will be on track to a temperature rise between 3.7º to 4ºC by 2100. Our actions cannot avoid global warming. But they can mitigate the scale of the increase and the associated suffering. Heat will destroy genetic diversity and trigger migration to cooler climes, water scarcity will constrain food crops, warmer and more acidic seas will denude coral reefs and marine food resources and sea level rise will submerge low islands and coastal areas.

    The Paris Agreement 2015 was about containing temperature increase to 2ºC. It was less an agreement and more a voluntary, collective expression of what each country could do. And clearly that was not enough. Seeking a more rigid agreement would have meant having no agreement at all. Envirocrats abhor not tabling some results. So instead of less CO2 we were sold plans and forecasts.

    At the heart of the matter is the trade-off between retaining developed economy consumption standards and in the poor economies, growth prospects versus sustainability. But in a fractious world order today no great power exists which has the capacity or the incentive to mitigate the pain of others. The US is looking inwards, Europe and Japan are ageing and China is still only an upper-middle income country although with cash to spare.

    Globally, 40 per cent of emissions are on account of petro-based transportation and coal-based electricity generation. Electric cars, buses and trucks and the charging infrastructure to match might become commercially available by 2030-2040. It will not be a day sooner.

    The sustainability objective is to reduce emissions by 45 per cent by 2030 and to zero emission levels by 2050. Emission reduction at this scale would require the complete abandonment of coal-based electricity generation by 2050. That prospect is scary for countries, like India, where the coal economy provides relatively better paid employment concentrated in eastern India. Large swathes of population still live in darkness without electricity — and not just in the far-flung rural areas.

    Climate change is not all pain. It is expected to improve precipitation in India by three to 12 per cent. But this comes at the cost of less water in snow-fed Himalayan rivers. Sanjeev Sanyal — a government economist — stresses that adaptation is the key to survival. Mitigation is a humungous task with uncertain results from collective action by sovereigns. Don’t forget African growth is yet to take off and India itself has not plateaued. What then are the likely drivers of success?

    First, ensuring sustainability is a classic public good because private actions can never monetise the positive spillovers of their effort and private polluters have no incentives to become responsible without strict regulation. This means the government must view public allocations and tax incentives through the sustainability lens. Consider that the plan to grow bio-fuels is a big no-no. It will strain land and water resources which should instead be allocated to food or forests. Denuded forests must be revived and the decentralised greening of all habitats pursued with vigour.

    Second, industrial scale carbon capture and storage (CCS) is an innovative approach for coal-dominated economies. Currently India is peripheral to the CCS technology dialogue, where the US, Canada and Norway lead. China’s first CCS unit will be operational by 2020. The global target is to capture three per cent of annual CO2 emissions (two gigatonnes) by 2020 and seven per cent (seven gigatonnes) by 2050.

    Third, India missed the bus on manufacturing solar cells and panels. But manufacturing efficient storage batteries is the new frontier we cannot ignore for harnessing the full economic benefits from scaling up solar energy.

    Fourth, decentralising the emissions control programme can tap into local cultural practices which promote sustainability. Frugal innovation in water catchment, storage and management and renewable energy generation and use must be incentivised to create green, local employment and benign outcomes. Genetic engineering of crops to make them drought resistant can protect farmer income, enhance productivity and free up land for water storage and enlarging forest cover.

    Multiple objectives are the bane of all government programmes. But sustainable growth should be at the top of this long list.

    This article originally appeared in The Asian Age. Reported by Eurasia Review 11 hours ago.

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    Public-Private Partnership R&D Lab Integrates Business Innovation and Product Development Capabilities to Drive Singapore Ecosystem Ahead in Industry 4.0

     

    SINGAPORE - Media OutReach - 26^ October 2018 -* *Internet of Things (IoT) and smart wearable company KaHa today announced plans to open a multipartite innovation and research lab in Singapore, modelled after the network philosophy of IoT and created in response to market demands for faster development and commercialization. Public and private partners across the IoT development value chain including A*STAR SIMTech, Bridgestone, Curtis Australia, MHA Manufacture de Haute Accessoirie Partners, Tex Line and Titan, will come together under-one-roof to streamline development resulting in faster prototyping, testing, and go-to-market.

    The new multipartite COVE R2C IoT Innovation Lab will find its home in the vibrant one-north technology hub of Singapore 

     

    Designed for efficient multi-party collaboration, the various development stations will be onsite and in close proximity - from business to project management, hardware to software, prototyping to testing, and from remodification up to delivery. Development time and costs will be greatly reduced, for instance speeding up schedules of weeks into just days. Whereas in conventional processing, work is done piecemeal and transported partially and gradually at intervals, and delays occur frequently and are exacerbated by minor changes.

     

    The lab's core infrastructure is the KaHa platform and its AI capabilities. KaHa has over the past 3 years developed an architecture which is unparalleled and optimised for consumer-centric experiences like health and wellness, fitness and sports, digital payment and safety. The company has big data architecture and tools for artificial intelligence (AI), machine learning (ML) and recently its proof-of-concept on natural language processing (NLP). The company has also created a Network Operations Lab (NOC) that  facilitates the proof-of-concept process through real-time testing of available/simulated data with live demonstrations all within the same space. Regular reviews at the NOC will ensure data integrity and projects timeliness.

     

    The lab is located at the vibrant one-north technology hub of Singapore and the launch is targeted for initial projects in healthcare and wellness, smart apparels, sensor hub and power consumption. The lab will also work with KaHa's brand partners and co-plan their roadmap and play the role of bringing all stakeholders towards achieving these use case on smart wearables, as well as the building of a comprehensive healthcare IoT ecosystem capable of integrating medtech and public-private healthcare and related service providers. The pioneering partners are:

     

    · KaHa: Singapore-based and the region's only end-to-end IoT and smart wearable platform company with patents in IoT platform architecture. KaHa possesses deep industry links, including being the strategic partner for A*STAR SIMTech and EAC flagship industry programmes.
    · A*STAR SIMTech: Singapore Institute of Manufacturing Technology develops high value manufacturing technology and human capital to contribute to the competitiveness of Singapore industry.
    · Bridgestone:  A Hong Kong-based watch manufacturer with International reach including its own production base in China.  The company specializes in creative design, production and sales of lifestyle and fashion watches.
    · Curtis Australia: With a heritage from the 1890's, an international jewellery, watch and pen atelier known for its distinctive, handmade and desirable luxury products crafted in solid carat golds and precious gems.
    · MHA Manufacture de Haute Accessoirie Partners: A division of Niklaus LNI SA, established over 110 years ago on the foundation of swiss watch manufacturing, MHA is the premier Swiss designer and manufacturer of private label luxury accessories.
    · Tex Line: A one-stop apparel and sportswear sourcing supply chain and service provider, with reliable capability in overseeing sourcing to production and delivery.
    · Titan Company Limited: The fifth largest integrated own brand watch manufacturer in the world. Over the last three decades, Titan has expanded and explored into under penetrated markets and created leading brands across categories.

     

    IoT and the smart wearables industry will touch the lives of over a billion people in the next 5 years with a market value of close to USD120B. With  KaHa's proprietary platform coupled with the presence and expertise of local and international partners, the lab will be a driver of growth for the Singapore IoT and wearable ecosystem having a global impact. KaHa plans to hire and train locals talents and create a  strong local capability and know-how, and help strengthen the Singapore core and competitive edge for Industry 4.0.

     

    Managed by a head of lab with end-to-end IoT experience, the lab will provide opportunities for jobs and upskilling The lab will also host hackathons and release software development kits (SDK), with the latest tools in areas including AI, Machine Learning, NLP, Big Data and health-oriented algorithms, digital payment, enabling participants to problem-solve real use cases and understand how their work contributes towards building the ecosystem.

     

    CEO and founder of KaHa, Pawan Gandhi comments, "As a home-grown company committed to the development of the local IoT and wearable ecosystem, it's important that we have core development capabilities here in Singapore that can capitalize on opportunities and respond to market demands quickly. We are also actively engaging ETPL, the commercialization arm of A*STAR to harness local industry expertise to boost the nation innovation engine. We have taken the philosophy of IoT and connectivity to heart, ensuring we have oversight and responsibility each step of the way, while becoming even more nimble and flexible to cater to manufacturers' needs faster."

     

    Dr Lim Ser Yong, Executive Director of SIMTech added, "SIMTech has had a long history of collaborating with the industry. We have partnered KaHa in our emerging applications programmes over the past years, and I am happy to see that it has yielded innovative breakthroughs in IoT and smart wearable technology that will significantly contribute to the local ecosystem. We are pleased to take our partnership to the next level and work together with COVE R2C IoT Innovation Lab to speed up the development and commercialization of emerging technologies to drive Singapore's advanced manufacturing industry."

     

    Vice President of Bridgestone Watch LTD, Ray Lin added "Providing the best quality products and services to our customers has always been our formula of success.  Therefore it is an honour to be able to join hands with so many industry leaders and together, and continue to innovate and create some of the best watches in the world.  We look forward to contributing our expertise and also bring these innovation to our customers and the market.

     

    CEO of Curtis Australia, Glenn Curtis comments "The high-end luxury timepiece and jewelry market is seeing an evolution as even the most discerning ultra-high networth clientele develops interest in smart wearable technology functions simply because they have become ubiquitous and improve living habits. As a partner in the research center, Curtis will contribute design knowledge through years of handcrafting the finest timepieces and writing instruments and gain first-hand understanding of the most efficient ways of incorporating smart technology."

     

    CEO of MHA, Andy Ras-Wok added "With decades of private-label specialist manufacturing experience in luxury accessories from jewellery to writing instruments, we are keenly aware of the exciting opportunity IoT and smart wearables present to the international luxury market. This is a great opportunity to enhance our value network internationally and work with specialist partners. We are especially excited to represent the Swiss brand of manufacturing in this collaboration, and are already thinking of further bringing on fellow Swiss partners to the lab."

     

    CMO of Titan, Suparna Mitra comments "As the global wave of wearable and digital innovation continues to rise, Titan too is proactively creating new lifestyle products and experiences for everyone, especially today's millennial consumers.  The success of many of our smart watches powered by KaHa IoT technology confirms our investment into smart wearables. Participation in the lab will further our partnership with KaHa as our technology collaborator and strengthen Titan as the leader in watches and accessories."

     

    Product Manager of Tex Line, Justin Tan added "Through our years of building up expertise and relationships in the apparel and sporting goods industry, we pride ourselves on our constant ability to offer our customers cost-competitiveness and quality. As the highly-competitive sports apparel market moves into smart wearables, we must stay ahead of the curve by re-thinking how we can accelerate product development and cut go-to-market time. COVE R2C IoT Innovation Lab will provide our industry an important advantage."

     

    *About KaHa*

    KaHa, a Singapore-based technology company, has offices in Singapore, China, India and Switzerland. The company has customers and partners around the world spanning across high-end luxury, financial services, digital payment, smart automotive, jewelleries and accessories, health and wellness, OEM and smart apparel. COVE, a registered brand of KaHa, is a patented end-to-end IoT SMART wearables platform and provides a one-stop solution for brands to bring exciting smart wearables to their customers, with reduced go-to-market time and costs.

     

    With in-built Artificial Intelligence and Machine Learning algorithms, COVE provides innovative, exciting and personalized user experiences that are specially designed with a range of consumer verticals in mind: Safety, Sports & Fitness, Health & Wellness, Digital Payment, Smart Home, Smart Automotive and Special Needs. The platform includes electronics design, printed circuit board assembly, application framework for iOS and Android, cloud services, data analytics and smart after-sales service tool.

     

    The company's leadership team is passionate about the consumer journey, and the company also has intellectual properties in Smart Analogue watches, making it one of the most unique offerings in the fast-growing wearables market.

     

    For more information, please visit www.coveiot.com

    * *

    *About the Agency for Science, Technology and Research (A*STAR) *

    The Agency for Science, Technology and Research (A*STAR) is Singapore's lead public sector agency that spearheads economic oriented research to advance scientific discovery and develop innovative technology. Through open innovation, we collaborate with our partners in both the public and private sectors to benefit society.

     

    As a Science and Technology Organisation, A*STAR bridges the gap between academia and industry. Our research creates economic growth and jobs for Singapore, and enhances lives by contributing to societal benefits such as improving outcomes in healthcare, urban living, and sustainability.

     

    We play a key role in nurturing and developing a diversity of talent and leaders in our Agency and Research Institutes, the wider research community and industry. A*STAR's R&D activities span biomedical sciences and physical sciences and engineering, with research entities primarily located in Biopolis and Fusionopolis.For more information, please visit https://www.a-star.edu.sg/

    * *

    *About the A*STAR Singapore Institute of Manufacturing Technology (SIMTech)*

    The Singapore Institute of Manufacturing Technology (SIMTech) develops high-value manufacturing technology and human capital to contribute to the competitiveness of the Singapore industry. It collaborates with multinational and local companies in the precision engineering, electronics, semiconductor, medical technology, aerospace, automotive, marine, logistics and other sectors.

    SIMTech is a research institute of the Science and Engineering Research Council (SERC) of the Agency for Science, Technology and Research (A*STAR).

    For more information, please visit: www.SIMTech.a-star.edu.sg

    * *

    *About Bridgestone Watch LTD.*

    A Hong Kong-based watch manufacturer with international reach including its own production base in China.  The company specializes in creative design, production and sales of lifestyle and fashion watches.  Established in 1974,  the Group has been contributing in watchmaking industry for more than 40 years. Over the past decades, the company has expanded to a global leader in watchmaking business through their enthusiastic mindset and continuous quality improvement.

    * *

    *About Curtis Australia*

    Curtis Australia is an international jewelry, watch and pen atelier known for its distinctive, handmade and desirable luxury products crafted in solid carat golds and precious gems. Designed and created in house and known worldwide for their exquisite craftsmanship and unrivalled design, Curtis strives for excellence at every touch point, an approach that has drawn recognition from around the globe.

     

    For further information, please visit www.curtisaustralia.com

    * *

    *About MHA Manufacture de Haute Accessoirie*

    MHA Manufacture de Haute Accessoirie is a division of Niklaus LNI SA, and part of the LN Industries group, a Swiss-based industrial supplier active in a wide range of areas, from metal tubing to gas mixers and generators. A private label specialist of luxury accessories created in 1905, the MHA Division has been designing and manufacturing accessories and unique objects for the most prestigious brands.

     

    For further information, please visit www.mhageneve.com

    *About Tex Line*

    Tex Line Associates has close to 40 years' experience in apparel and sports equipment manufacturing and sourcing. We are present in key manufacturing territories such as China, South East Asia, India, Bangladesh and Pakistan. The ability to be nimble and provide options to our customers that maximizes the strengths of each manufacturing country is key in the industry and valued by our clients. We also value add through fabric and trims sourcing, European design proposals, and are gearing towards environmentally friendly manufacturing. Tex Line's latest venture is into smart apparels where we foresee technology assisted garments will gain popularity in this high tech world.  

    For further information, please visit www.texline-global.com

    *About Titan Company Limited*

    Titan Company Limited (earlier known as Titan Industries Limited), a joint venture between the Tamil Nadu Industrial Development Corporation (TIDCO) and Tata Group, commenced operations in 1987 under the name Titan Watches Limited. In 1994, Titan diversified into Jewellery and subsequently into eyewear with Titan Eyeplus. In 2013, Titan entered the fragrances segment with SKINN.  Today, Titan Company Limited, India's unchallenged leader in watches, jewellery and eyewear, is credited with changing the face of all these industries.

     

    For further information, please visit www.titan.co.in Reported by Media OutReach 11 hours ago.

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    SINGAPORE (AP) — SINGAPORE (AP) - Two Singapore companies sanctioned by the U.S. Treasury Department this week and accused of laundering money for North Korea share a director, address and have a similar board, official records show. The Treasury Department named the companies, commodities trading house Wee Tiong (S) Pte. Ltd. and ship management services company WT Marine Pte. Ltd. in announcing the sanctions Thursday. Tan Wee Beng, director of both companies, was also blacklisted and named in criminal charges by the Department of Justice for "a multi-year scheme to violate and evade U.S. national security controls". Tan, his brother Tan Wee Tiong and father Tan Siong Kern are listed on the business profiles of both companies. Reported by SeattlePI.com 10 hours ago.

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    Summary Q3 and 9 months - 2018 (segment using APMs)

          * SPECTRUM GROUP*
          * Quarter * * Quarter * * 9 months * * 9 months * * 12 months *
          * ended * * ended * * ended * * ended * * ended *
          *30.09.18* *30.09.17* *30.09.18* *30.09.17* *31.12.17*
     (USD 1000)      * (Unaudited) * * (Unaudited) * * (Unaudited) * * (Unaudited) * * (Audited) *
    * * * * * * * * * * * * * * * *
    Segment revenue     30 281 17 014 80 654 72 741 118 850
                   
    Segment EBIT     6 813 (5 827) 4 175 (9 153) (16 037)
                   
    *Segment Net Profit / (Loss)* * * * * 601 (5 909) (3 928) (12 612) (26 843)
                   
    Cash flow from operating activities   8 024 22 993 61 297 83 327 99 400
                   
    Investment in Multi-Client library     5 476 13 529 43 275 72 140 82 359
                   
    Segment Multi-Client Net book value 163 787 201 648 163 787 201 648 169 408
                   
    Cash and cash equivalents      36 483 10 670 36 483 10 670 14 155

     

    Q3 Highlights

     

    · Late sales in the quarter of MUSD 27.0 (2017: MUSD 7.6)
    · Segment early sale on Multi-Client investments in the quarter was MUSD 3.3 (2017: MUSD 9.3), primarily related to the Otway and Argentina surveys
    · Multi-Client investments were MUSD 5.5 with 60% prefunding rate (2017: MUSD 13.5 with 69% prefunding)
    · Gross Multi-Client investments were MUSD 14.8 (2017: MUSD 25.0)
    · Operational cash flow in Q3 was MUSD 8.0 (2017: MUSD 23.0)
     

           

     

    9 Months Highlights

     

    · Late sales YTD of MUSD 54.2 (2017: MUSD 25.7)
    · Segment early sale on Multi-Client investments was MUSD 26.3 (2017: MUSD 46.9), substantial part related to the Mozambique, Otway and Argentina surveys
    · Multi-Client investments were MUSD 43.3 with 61% prefunding rate (2017: MUSD 72.1 with 65% prefunding)
    · Gross Multi-Client investments were MUSD 96.4 (2017: MUSD 100.4)
    · Operational cash flow was MUSD 61.3 (2017: MUSD 83.3)

    For further information, please contact:

    Rune Eng, CEO
    Email: rune.eng@spectrumgeo.com
    Cell: +47 915 70845

    Henning Olset; CFO
    Email: Henning.Olset@Spectrumgeo.com
    Cell: +47 922 66948

    About Spectrum Spectrum provides innovative Multi-Client seismic surveys and seismic imaging services to the global oil and gas industry from offices in Norway, the UK, USA, Brazil, Egypt, Australia, Indonesia and Singapore. Spectrum designs, acquires and processes seismic data to deliver high quality solutions through its dedicated and experienced workforce. Spectrum holds the world's largest library of Multi-Client 2D marine seismic data and a significant amount of 3D seismic. The company's strategy focuses on both the major, established hydrocarbon producing regions of the world as well as key frontier areas identified by our experienced team of geoscientists. The Spectrum library of Multi-Client data contains projects from many of the foremost oil producing regions of the world. These include new acquisition, reprocessing and interpretation reports.This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

    *Attachments*

    · Q3 18 presentation.pdf
    · Q3 18 Earnings Release.pdf Reported by GlobeNewswire 9 hours ago.

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    Israel wins $777 mn Indian missile defence order Jerusalem (AFP) Oct 24, 2018

    Israel Aerospace Industries (IAI) said Wednesday it had won a $777 million (680 million euro) order from India to buy defence systems for its navy. The deal with India's state-owned Bharat Electronics Limited to supply the marine version of the Barak 8 air and missile defence system for seven more warships follows a $630 million (551 million euro) order placed last year. State-owned IAI, Reported by Space Daily 8 hours ago.

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    Hurricane largely wipes out tiny Hawaiian island Tampa (AFP) Oct 25, 2018

    Marine debris teams were dispatched to assess the damage this week after a tiny, remote Hawaiian island was largely wiped off the map when a raging hurricane passed through, officials said. East Island was a low-lying island composed mainly of loose sand and gravel, and was home to threatened nesting green sea turtles and endangered Hawaiian monk seals. All but a couple of slivers of san Reported by Terra Daily 8 hours ago.

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    Volunteer Marine Rescue Jacob Wells resource controller Roger Hawkes said he felt for the "lovely chap" who had lost all his possessions to a fire that set his house boat alight on Friday Morning. Reported by Brisbane Times 9 hours ago.

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