Targets to cut emissions will shape shipping risk for years to come. The aim to halve CO2 emissions by 2050 will require the industry to radically change fuels, engine technology and even vessel design. Since January 1, 2020 allowable sulphur levels in marine fuel oil were slashed. However compliance is not straightforward and teething problems could lead to a surge in machinery damage claims. Ultimately, de-carbonization will also have regulatory, operational and reputational implications. Progress on addressing climate change could stall with the focus on the coronavirus pandemic. This must not be allowed to happen. New technology not a panacea, but an increasingly useful tool: Shipping tech can be a positive for safety and claims and is increasingly being deployed to combat some of the risks highlighted in the report -- from reducing the threat of fire on vessels through temperature monitoring of cargo to even potentially integrating suppression systems in drones in future. … [Read more...] about Allianz: Asian waters account for most shipping losses even as global numbers hit record low
Talking about business prospects in Vietnam, Vu Tu Thanh, USABC’s Deputy Regional Managing Director & Representative, said US businesses are seeking Vietnamese partners in the fields of technology, manufacturing, retail, consumer goods, medical equipment, electricity and supporting industries. … [Read more...] about Will US investors head for Vietnam after leaving China?
TimeTicket GmbH will donate 5% of the first year's revenue from "eSportStars" to the children who have been affected by COVID 19, such as UNICEF (The United Nations Children's Fund, https://www.unicef.org/), UNHCR (The United Nations High Commissioner for Refugees, https://www.unhcr.org/), orphanages etc. … [Read more...] about TimeTicket: Pre-registration for “eSportStars” (aka: eposta) is now open
At the event's plenary session tomorrow morning, titled Revive‧Redefine, William Ip, Managing Director of Carousell Hong Kong, and Crystal Pang, Co-Founder of Pickupp, will share how their start-ups are working to redefine their respective industries through pioneering ideas. Mr Ip will share how the company has promoted the concept of a "sharing" future through its customer-to-customer (C2C) marketplace. Ms Pang will introduce how the start-up is redefining the delivery industry and expanding its business in the Asian market. Pickupp also works with genetic testing and digital health company Prenetics to provide a door-to-door saliva specimen collection service for patients who need to undergo COVID-19 testing. … [Read more...] about Entrepreneur Day helps start-ups redefine industries
In infrastructure, the eastern cluster of the North-South Expressway will have five sections developed under the public-private partnership (PPP) model. The country is also calling for investment in renewable energy projects, especially in solar and wind power, thus hoping to bring new opportunities for Japanese enterprises. Looking ahead, the Vietnamese government is encouraging innovations and digital transformation with a number of supporting policies. … [Read more...] about Japanese companies enticed by local investment climate