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LPL 2022 Summer Split Power Rankings: Part 2

The LPL is coming back this Friday. While normally a new split means massively changed rosters, this summer, few teams actually made many changes,...

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Mitsubishi Shipbuilding to Invest in Marindows

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TOKYO, Mar 16, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed investment into Marindows Inc., a Tokyo-based firm aiming to utilize the revolution in information technology to build an integrated digital platform for the marine industry. Amid the current energy revolution, this partnership will accelerate efforts to achieve a carbon neutral world in areas from electrification and autonomous operation to the marine industry, create new value by merging the physical and digital, and establish a "win-win" relationship with substantial benefits for both companies.

Electrification and autonomous operation in the coastal vessel industry has become increasingly widespread, particularly in the small and mid-sized vessel market. This investment will provide a network with the small and mid-sized coastal vessel market, fishing boat market, and pleasure boat market that will support Mitsubishi Shipbuilding's efforts for the commercialization of standard electric propulsion vessels, and furthering the adoption of a safe and efficient navigation support system utilizing real-time data.

Marindows Inc. was established in March 2021 by e5 Lab Inc., a firm jointly founded by four companies representing shipping firms and a trading company to promote the electric propulsion and digitalization of ships. Marindows has adopted a vision to "Utilize the revolution in information technology to solve the issues of safety, productivity, and environmental conservation facing the marine industry, and transform the marine sector into one of the leading growth industries of the 21st century." The company aims to create a better work environment for crews and all personnel in the marine industry by providing a range of applications utilizing the "Marindows" marine operating system it provides as a platform. The launch of marine broadband in 2022 is expected to make possible ship to shore communications and crew support services in real time, which up to now had been unattainable because of the unreliability of such communications.

Mitsubishi Shipbuilding has built more than 5,000 vessels, including passenger ships, ferries, oceanographic research vessels and patrol boats, and has actively adopted new technologies as a pioneer in the construction of energy carriers including coal carriers, oil tankers, and liquified gas carriers (LPG and LNG carriers). In recent years, as a marine systems integrator generating innovation in the marine-related engineering and services business, Mitsubishi Shipbuilding has been pursuing initiatives that go beyond the conventional shipbuilding business model of just building and selling products. Through this investment, Mitsubishi Shipbuilding will continue to respond to the demands of customers and society, and work toward solutions to achieve its "MARINE FUTURE STREAM" growth strategy.

About MARINE FUTURE STREAM

Mitsubishi Shipbuilding has established the MARINE FUTURE STREAM vision for 2050 in the ship and marine sector, setting the goals of "effective utilization of the marine space" and "a decarbonized marine world," and working to generate ideas for marine-related innovation and achieving them through backcasting. For the effective utilization of the marine space, in order to stablish a safety society in which people work comfortably with the sea, and everyone is able to live well and with peace of mind, Mitsubishi Shipbuilding will utilize digital technologies and service businesses that extend beyond the confines of shipbuilding to establish a sound material-cycle society. For "a decarbonized marine world," in order to focus on the decarbonization of ships, as well as the use of renewable energy and CO2 capture at sea, Mitsubishi Shipbuilding will pursue the decarbonization of society through the marine business.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed investment into Marindows Inc., a Tokyo-based firm aiming to utilize the revolution in information technology to build an integrated digital platform for the marine industry.

Top 3 SPAC Targets – Energy Prices

SPACInsider contributors Anthony Sozzi and Sam Beattie this week compiled their three favorite potential SPAC targets among companies set to see increased demand among elevated energy prices. We look at why they are compelling and why each could be a fit for a blank-check merger. ...READ MORE

Nicholas Alan Clayton

Oil surges, gold eyes record highs

Oil powers higher All the headlines suggest oil prices will continue to go higher.  Global energy supplies will continue to get tighter now that both the US and UK will ban Russian oil.  The US took it one step further and also will ban Russian natural gas and other energy sources.  Russia’s economy will take […]

Mitsubishi Shipbuilding Holds Christening and Launch Ceremony in Shimonoseki for Japan’s First LNG-fueled Ferry

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TOKYO, Mar 3, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a christening and launch ceremony for the SUNFLOWER KURENAI, the first of two large LNG-fueled ferries being built for Mitsui O.S.K. Lines, Ltd. (MOL). The ceremony took place at the Enoura Plant at MHI's Shimonoseki Shipyard & Machinery Works in Yamaguchi Prefecture. The handover is scheduled for December 2022, following completion of interior work and sea trials. The new vessel will go into service from January 2023 on a regular route between Osaka and Beppu operated by Oita-based Ferry Sunflower Limited, replacing the SUNFLOWER IVORY and SUNFLOWER COBALT ferries in service since 1997.

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Christening and Launch Ceremony of "SUNFLOWER KURENAI"

The SUNFLOWER KURENAI is 199.9m long and 28.0m wide, with gross tonnage of approximately 17,300. The vessel has capacity to accommodate 716 passengers, an estimated 137 13-meter trucks, and roughly 100 passenger cars. The main engine is a high-performance dual-fuel engine - the first of its kind featured on a domestic ferry - that can run on both liquefied natural gas (LNG) and A-type heavy oil. It offers outstanding environmental performance, achieving a 20% reduction in CO2 emissions and close to zero emissions of sulfur oxides (SOx), thereby mitigating environmental impact.

Compared to earlier ferries, the SUNFLOWER KURENAI also features significantly more loading capacity for trucks, a more spacious lounge for truck drivers, and substantially greater space per passenger. Expansive public areas include enlarged bathing facilities, a more spacious restaurant, and an atrium extending through three stories. In these and other ways, the new ferry responds to today's modal shift in the transport industry(Note1) while simultaneously achieving advances in the casual cruise business.

As part of MHI Group's strategic initiatives to advance the energy transition, Mitsubishi Shipbuilding is reducing the carbon footprint of the maritime industry through construction of LNG-fueled ships, as a way of contributing to realization of a carbon neutral society. Japan today is undergoing a modal shift from land transport to maritime transport in a quest to reduce carbon emissions as well as to offset a shortage of long-haul truck drivers and achieve workstyle reform. In tandem with this shift, demand is increasing for ferries and RoRo ships(Note2) and for ever-larger ships. Going forward, Mitsubishi Shipbuilding, as a maritime system integrator, will continue building fuel-efficient and environmentally harmonious ferries and cargo-passenger ships supporting stable operation, working closely with its business partners to solve diverse issues needing to be addressed.

(1) The transition underway in cargo transport away from reliance on trucks and other vehicles, toward increased use of trains and ships, which have a lighter environmental footprint.
(2) Roll-on Roll-off ship: a ship enabling loaded trucks, trailers, and other cargo vehicles to board and disembark directly, under their own power.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Shipbuilding Co., Ltd., a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, today held a christening and launch ceremony for the SUNFLOWER KURENAI, the first of two large LNG-fueled ferries being built for Mitsui O.S.K. Lines, Ltd. (MOL).

Shigan Quantum IPO Review – Subscribe or Avoid?

Shigan Quantum has started its IPO today and it will remain open through 3 March 2022. The company – a manufacturer of CNG, LNG and Hydrogen Fuel Kit systems for the automotive industry – is looking to raise as much as INR 22.7 crore by issuing 45,39,000 shares at the rate of INR50 per share. […]

EURCHF Risk Event as Russia Places Nuclear Deterrent Forces on High Alert

As the tension between Ukraine and Russia is intensifying, volatility is expected to increase in global markets. The EU upped its sanctions on Russia, cutting 'selected banks' from SWIFT.
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Europe’s response to Ukraine crisis: More gas, but from elsewhere

Facing the prospect of Putin turning off the gas taps to Europe in tit for tat sanctions following Russia’s invasion of Ukraine, European Commission President Ursula von der Leyen says the focus is on finding LNG from “more reliable partners”.

The post Europe’s response to Ukraine crisis: More gas, but from elsewhere appeared first on Medical Device Network.

Shigan Quantum Technologies IPO GMP, Review, Price, Allotment

Shigan Quantum Technologies IPO description – The company is engaged in the business of designing, developing and manufacturing of varieties of Alternate Fuel Systems including CNG, LNG and Hydrogen Fuel Kit systems for OEMS and others. It makes Alternate Fuel Systems for heavy duty vehicles, light duty vehicles and off- highway applications. Since April 2020, the […]

Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2021 Results; Provides Guidance for 2022

HOUSTON–(BUSINESS WIRE)–Black Stone Minerals, L.P. (NYSE: BSM) (“Black Stone Minerals,” “Black Stone,” or “the Company”) today announces its financial and operating results for the fourth quarter and full year of 2021 and provides guidance for 2022. Fourth Quarter 2021 Highlights Mineral and royalty production for the fourth quarter of 2021 equaled 35.2 MBoe/d, an increase […]

The post Black Stone Minerals, L.P. Announces Fourth Quarter and Full Year 2021 Results; Provides Guidance for 2022 appeared first on Fintech News.

Mitsubishi Shipbuilding Concludes Agreement on Construction of World’s First Demonstration Test Ship for Liquefied CO2 Transportation

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TOKYO, Feb 2, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a Yokohama-based member of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with Sanyu Kisen Co., Ltd., a Kobe-based enterprise principally engaged in management of ships navigation in Japanese as well as foreign waters, calling for the construction of a demonstration test ship to transport liquefied carbon dioxide (LCO2) in conjunction with initiatives of the New Energy and Industrial Technology Development Organization (NEDO) in "CCUS R&D and Demonstration Related Project / Large-scale CCUS Demonstration in Tomakomai / Demonstration Project on CO2 Transportation / R&D and Demonstration Project for CO2 Marine Transportation" (the demonstration projects). Construction will get underway at the Enoura Plant of MHI's Shimonoseki Shipyard & Machinery Works, with completion and delivery scheduled for the second half of the fiscal 2023.

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Conceptual image of the LCO2 demonstration test ship

The Engineering Advancement Association of Japan (ENAA), one of the entities performing business relating to the demonstration projects, will charter the ship from Sanyu Kisen, the subcontractor, and operate it for the project purposes. Under consignment from ENAA, three additional project partners - Kawasaki Kisen Kaisha, Ltd. ("K" LINE), Nippon Gas Line Co., Ltd., and Ochanomizu University - will accelerate R&D of the LCO2 transportation technology and contribute to cost reduction of CCUS technology and safe, long-distance and large-scale transportation of LCO2.

Although ships to carry LCO2 used in the food industry have previously been constructed and operated in Europe and Japan, the ship to be newly constructed is expected to be the world's first LCO2 carrier intended specifically for CCUS. Mitsubishi Shipbuilding will be in charge of all aspects from the ship design through construction, including the cargo containment system, applying its gas handling technologies and expertise cultivated through the construction of liquefied gas carriers (both LPG and LNG types).

CCUS is garnering attention today as an effective means of achieving a carbon-neutral society. Because CO2 emissions sites are often located distant from the sites selected for carbon utilization or storage, demand is expected to increase for LCO2 carriers which can transport their cargo safely and economically. Through the experience to be gained by constructing the world's first LCO2 carrier built specifically for CCUS, MHI Group will strengthen its current strategic business focused on the energy transition. The Company will also continue its dedication to developing and providing the technologies relating to LCO2 carriers necessary for CCUS value chain building, to contribute to CO2 ecosystem development.

Mitsubishi Shipbuilding, under its "MARINE FUTURE STREAM" growth strategy, has set two overarching targets: decarbonization through innovative technologies in maritime industry such as use of renewable energies and carbon recycling, and effective use of ocean spaces through autonomous operation and electrification. To achieve those goals, the company aims to pursue and realize diverse innovations applicable to the industry. The ongoing development of LCO2 carriers and active quest for commercial viability in this area are part of those initiatives, with the company's ultimate goal set on realizing decarbonization as a marine system integrator.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Shipbuilding Co., Ltd., a Yokohama-based member of Mitsubishi Heavy Industries (MHI) Group, has concluded a contract with Sanyu Kisen Co., Ltd., a Kobe-based enterprise principally engaged in management of ships navigation in Japanese as well as foreign waters.

Myanmar Government Approved USD 3.82 Billion in Foreign Investment and USD 651 Million in Domestic Investment in First Year of State Administration Council

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NAY PYI TAW, MM, Jan 27, 2022 - (ACN Newswire) - The Myanmar Government said today it has approved USD 3.82 billion equivalent* in foreign investments and USD 651 million equivalent in domestic investments in the first year since the State Administration Council (SAC) took office. The investment commitments underscore confidence in the country's economic potential amid a return to national stability and efforts to increase vaccination rates to contain the COVID-19 pandemic.

The Ministry of Information (MOI) and the Ministry of Investment and Foreign Economic Relations (MIFER) released the latest investment figures for the country for the period between 1 February 2021 - when a Proclamation was issued - and 20 January 2022.

The SAC was formed on 2 February 2021, a day after the Proclamation was issued after the failure to settle the issue of voter list fraud and malpractices in the 8 November 2020 elections, and to postpone parliament sessions. A state of emergency was declared in accordance with Article 417 of the 2008 Constitution of Myanmar.

Despite destruction of public property, attacks on Government personnel and attempts to sabotage the domestic economy by the so-called People's Defense Force - with clear support from foreign elements - the SAC had largely restored national stability by the second half of 2021.

Myanmar faced a second crisis, a health pandemic that arose from the outbreak that was first detected in the country in March 2020. However, due to intense efforts to contain COVID-19, schools, universities have reopened, and most commercial activities have resumed in recent months with the vaccination of at least 60% the country's population (above 18 years) to date.

The MOI and MIFER said among the 50 domestic (citizens') investments approved in the past year, seven were for projects in the services sector with investment value of USD 427.34 million equivalent and 29 were for manufacturing projects with investment value of USD 74.58 million equivalent. The mining, power and construction sectors also attracted sizeable citizens' investments during this period.

Foreign investments approved in the past year included a USD 2.5 billion project to construct a liquefied natural gas (LNG) power plant, the two Ministers said.

The People's Republic of China (PRC), apart from being the largest trading partner of Myanmar, is the largest foreign investor in the country. Among the non-PRC foreign investments approved in the past year were one from Japan (USD 516.43 million), four from Singapore (totaling USD 442.20 million), two from Thailand (totaling USD 75.50 million) five from South Korea (totaling USD 66.17 million) and seven from Hong Kong (totaling USD 60.09 million).

The Government estimates that the foreign investments over the past year led to the creation of 25,383 new jobs while domestic investments added a further 11,879 new jobs, or a total of 37,262 jobs.

Myanmar Government is accelerating efforts to improve trade flows with and investments from countries such as Russia that, until recently, have not been among its leading economic partners. Prior to the pandemic, which curtailed business travel and activities, Myanmar-Russia bilateral trade had increased 30% in FY2019-2020 (November to October) compared to the year earlier.

Despite the challenges of the pandemic Myanmar and Russia are actively formulating a Bilateral Strategy for Development of Economic Cooperation. The latter has already led to a first virtual business matching session attended by dozens of business leaders from both countries last September. A second such virtual session will be held on 31 January 2022.

The two countries, which signed an Inter-Governmental Joint Commission for Trade and Economic Cooperation in August 2014, plan to hold its third Joint Commission meeting, physically, in Nay Pyi Taw in the near future.
Russian corporations have invested USD 94 million in Myanmar, mostly in the oil and gas sector, and the country currently ranks 22nd out of 52 foreign investors. Myanmar Government will support the extension of Russian investment interest to sectors such as mineral processing, solar energy, railway and ICT, aviation, automobiles and tourism.

"Economic recovery is a major priority as the country recovers from two crises and prepares for multi-party elections to be held by August 2023," said MOI Minister Mr. Maung Maung Ohn and MIFER Minister Mr. Aung Naing Oo in their joint statement.

"Due to good weather, Government financial support such as concessionary loans, and the relatively low impact of the pandemic compared to other sectors, the agriculture, fisheries and livestock sectors are reporting healthy growth. As workers return to workplaces in the past few months, the influx of new domestic and foreign investments will also contribute to job creation," they said.

These factors along with national stability and improved vaccination rates will help Myanmar register a modest economic recovery in 2021-2022 after a single-digit contraction of its Gross Domestic Product in 2020-2021 - which is less dire than forecasts of some international economists.

"While certain quarters of the international community publicly discourage economic cooperation with Myanmar, the country continues to record substantial trading volume as well as domestic and foreign investments. Many of our foreign partners choose to work quietly with us, fully recognizing Myanmar's economic potential as well as its unique challenges," the two Ministers said.

"We have shared with foreign partners our efforts to deal with economic sabotage in the form of attempts to boycott Government revenue, shake confidence in financial institutions and destabilise the kyat. Despite these challenges, our Ministries and Government departments have been working diligently away from public glare to increase trade and investment flows," they added. "These efforts have clearly borne fruit and we seek to increase such activities domestically and with foreign partners."

* All equivalents based on exchange rate of approximately USD1.0 to 1,771 kyat as at 26 January 2022.

Issued by Ministry of Information, Union Government of Myanmar
Please see https://www.moi.gov.mm/moi:eng/announcements/5962
Contact mediacontact@e-information.gov.mm or myintkyawmoi@gmail.com.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comThe Myanmar Government said today it has approved USD 3.82 billion of foreign investments and USD 651 million equivalent(1) in domestic investments in first year since the State Administration Council (SAC) took office. The investment commitments underscore confidence in the country's economic potential amid a return to national stability and efforts to increase vaccination rates to contain the COVID-19 pandemic.
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