BusinessNews
U.S. and South Korea Agree Auto Trade Deal
U.S. President Donald Trump and South Korean President Moon Jae-in have signed a new trade agreement designed to increase U.S. auto exports. Under the old U.S.–Korea Free Trade Agreement (KORUS) signed in 2012, Trump says the U.S. trade deficit skyrocketed from $6.3 billion to $9.8 billion by 2017. Under the new arrangement, South Korea will double the annual number of American automobiles that can enter its market using U.S. safety standards. South Korea has also agreed to address issues with...
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A New Future for Blockchain, Robots, Jobs and Sustainability
Distributed ledger technology such as blockchain could boost trade by more than $1 trillion in the next 10 years, according to a recently-released World Economic Forum white paper Trade Tech – A New Age for Trade and Supply Chain Finance. That's just one aspect of fundamental change that a series of World Economic Forum white papers is predicting. Another predicts that by 2025 more than half of all current workplace tasks will be performed by machines as opposed to 29...
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Mitigating Threats to Undersea Internet Infrastructure
Submarine cables and the internet traffic they carry, including as much as 99 percent of international telecommunications data, have been a focus area for government officials in recent months. In June 2018, the U.S. Treasury Department sanctioned entities supporting Russia's "underwater capabilities," citing concerns of Russian activity "tracking undersea communication cables." The sanctions shortly followed the re-establishment of a NATO command post tracking Russian submarines in December 2017, prompted by the same concerns of Russian activity near submarine cables....
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Richard Turner Elected President of IUMI
Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group, has been elected President of the International Union of Marine Insurance (IUMI). Turner, who has been closely associated with the global marine insurance market for 35 years, will serve a four-year term as President. He has had a long relationship with IUMI having served on the Executive Committee between 2011 and 2015 and, before that, as a member of the Nominating Committee. He said: "IUMI is the global...
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Bunker Trader
Consortio is working with a global bunker trading company. They trade marine fuels and lubricants to both ship owners and charterers. During the last few years they have experienced rapid expansion which has resulted in them having a presence on nearly every continent. You will join an experienced team of trader’s who all have their own lucrative portfolio’s. Our client expects the same from all new recruits and will reward this accordingly.This role is for a pure back to back...
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Account Manager
Vacancies in Wartsila North America, Inc. 1 Position: Account Manager - Marine Reporting to: Sales and Marketing Preferred Location: Ft. Lauderdale, Florida Successful applicant must be authorized to work in the USA without sponsorship. Wärtsilä in Brief: Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasizing technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and...
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Project Coordinator
Position will be located in the York, Pennsylvania office for American Hydro Corporation. Project Coordinator will work closely with many departments, but mainly within own department of Project Management to begin. Serves as primary contractual and technical contact with customers after a contract has been awarded. Creates and administrates large complex purchase orders for such items as generators, switchgear, governors, subcontract installation and subcontract testing. Oversees functional departments to determine whether they are meeting contract requirements. Reacts, as soon as...
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S&P Broker
• Find new buyers and sellers of ships and equipment for sale • Create marketing campaigns • Close S&P and chartering contracts either conventionally (BIMCO) or through RMBIDS.COM with the emphasis on growing RMBIDS.COM to the world-leading online bidding platform for the marine industry • Set monthly and annual financial targets and work to achieve them • Grow staff in line with expected financial growth Full job description on request JOB REQUIREMENTS • Fluent in English • Knowledge of Dutch, French, German is a pro • Minimum 10 years experience as S&P broker • Ability to work independently • Vast experience with Microsoft Office, WordPress, MailChimp, Adobe,...
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Trump Gives Go Ahead to More Tariffs
U.S. President Donald Trump has directed the United States Trade Representative (USTR) to proceed with placing additional tariffs on roughly $200 billion of imports from China. The tariffs will take effect on September 24, 2018, and be set at a level of 10 percent until the end of the year. On January 1, the tariffs will rise to 25 percent. “If China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is...
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Human Rights at Sea Publishes Questions for Business
The U.K.-based charity Human Rights at Sea has published a fact sheet to help maritime businesses understand their business and human rights requirements and key questions to be asked at an executive level relating to the second (Respect) and third (Remedy) pillars of the 2011 UN Guiding Principles on Business and Human Rights. The fact sheet has been prepared to support the topic discussion at the second International Maritime Human Rights conference 2018 (IMHR 2018) to be held in London...
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