Bahri DNV GL Team Up on Big Data to Bolster Safety

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first_imgzoom Bahri Data, one of the six business units within Bahri, has signed a contract with classification society DNV GL to co-develop and jointly leverage their Big Data capabilities for safety, quality and compliance innovation.As part of the partnership, data scientists from Bahri Data and Veracity, DNV GL industry data platform, will lead efforts to drive innovative industry-wide initiatives to bolster safety, security, quality, and compliance frameworks in the global fleet.The solution would help charterers, regulators, and port authorities see key parameters of a vessel’s safety and quality status and historical background, thus allowing all stakeholders to work together to improve safety and quality goals.The scientists are working on a prototype of a solution to make safety and quality decisions more insightful and easier to perform from the perspective of an owner, a vessel operator, a charterer, a port authority operator, and a regulator.An early prototype targeting owners/operators and charterers in a first instance will be unveiled on November 8 at the Bahri Data Forum in Dubai, Bahri informed.“These collaborations are remarkable enablers of growth for the sector, allowing global players to continuously innovate, stay ahead of industry trends, and implement best practices that will enable us to further improve our services and optimize performance,” Anwar Siddiqui, President of Bahri Data, said.Image Courtesy: BahriIn a separate announcement, the company said that the Public Transport Authority (PTA) has raised the Saudi flag on Rimthan, one of the latest very large crude carriers (VLCCs) delivered to Bahri. With the ceremony, Rimthan became the 40th Saudi VLCC, owned and operated by the company.“The registration of Rimthan under the Saudi flag is an important national achievement that will strengthen the Kingdom’s reputation and standing in the transportation sector worldwide. This also supports our efforts to register all our large and mid-sized carriers under the national flag through the Public Transport Authority by the end of 2017, which will help enhance Bahri’s competitive edge in the market while contributing to an increase in bilateral maritime trade volume between Saudi Arabia and other global economies,” Ali Al-Harbi, Acting CEO, Bahri, said.Al-Harbi concluded by thanking the PTA President and the Authority personnel in the East Coast for their fruitful cooperation in facilitating the raising of the Saudi flag on Rimthan and registering her as a Saudi oil tanker.Rimthan arrived in the Kingdom from her maiden voyage in early October, docking at Port of Ras Tanura, from South Korea, where she was delivered to Bahri in September by Hyundai Heavy Industries, the company that built her. Bahri plans to expand its aggressive Saudi fleet and is set to add one more VLCC to it before the end of the year to reinforce its position as the world’s largest owner and operator of VLCCs.The Saudi Arabian flag is raised on cargo and passenger vessels after they are successfully registered by the Public Transport Authority. They are then inspected and checked regularly in accordance with the standards laid down by international classification authorities accredited by the Kingdom.last_img

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British American Tobacco Uganda (BATU.ug) 2016 Annual Report

first_imgBritish American Tobacco Uganda (BATU.ug) listed on the Uganda Securities Exchange under the Agricultural sector has released it’s 2016 annual report.For more information about British American Tobacco Uganda (BATU.ug) reports, abridged reports, interim earnings results and earnings presentations, visit the British American Tobacco Uganda (BATU.ug) company page on AfricanFinancials.Document: British American Tobacco Uganda (BATU.ug)  2016 annual report.Company ProfileBritish American Tobacco Uganda Limited (BAT Uganda) grows and processes tobacco in Uganda and sells cigarettes and other tobacco products to the local market and for export. Brands sold by BAT Uganda include Dunhill, Rex, Sportsman and Safari. Tobacco is grown in 13 districts in Uganda through a network of tobacco farmers. The raw tobacco is transported to the BAT Uganda green leaf threshing plant in Kampala where it is processed and packed for local and export cigarette consumption. BAT Uganda also exports tobacco leaves to cigarette manufacturers in Europe, Asia and other African countries. BAT Uganda is a subsidiary of British American Tobacco Investments Limited. British American Tobacco Uganda is listed on the Uganda Securities Exchangelast_img

This is why the Steppe Cement share price has slumped 14%!

first_img Royston Wild | Monday, 7th June, 2021 | More on: STCM Image source: Getty Images. Our 6 ‘Best Buys Now’ Shares I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Royston Wild has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Are you on the lookout for UK growth stocks?If so, get this FREE no-strings report now.While it’s available: you’ll discover what we think is a top growth stock for the decade ahead.And the performance of this company really is stunning.In 2019, it returned £150million to shareholders through buybacks and dividends.We believe its financial position is about as solid as anything we’ve seen.Since 2016, annual revenues increased 31%In March 2020, one of its senior directors LOADED UP on 25,000 shares – a position worth £90,259Operating cash flow is up 47%. (Even its operating margins are rising every year!)Quite simply, we believe it’s a fantastic Foolish growth pick.What’s more, it deserves your attention today.So please don’t wait another moment. Get the full details on this £5 stock now – while your report is free. Enter Your Email Addresscenter_img Simply click below to discover how you can take advantage of this. FREE REPORT: Why this £5 stock could be set to surge See all posts by Royston Wild UK share markets are flattish in start-of-week trading as stubborn inflation-related fears and poor Chinese trade data sap investor confidence. Whilst movements are unspectacular the same can’t be said for the Steppe Cement (LSE: STCM) share price on Monday.Prices of the building materials supplier have tanked 14% in morning trade to 45p per share. The Steppe Cement share price had fallen to a six-week low of under 42p at one stage.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Steppe Cement — which manufactures cement in Kazakhstan — has slumped due to a negative reception to full-year financials.Kazakh sales tipped to slow in 2021Sales volumes at the company slipped 4% year-on-year in 2020 to 1.65m tonnes, it said. This annual droppage came in spite of sales growth in the broader Kazakh cement market. Volumes across the country rose 6% from 2019 levels to 9.4m tonnes.The AIM-quoted share said that its own local sales decreased 6% “due to milling limitations during two months of the high season.” Export sales rose 20% year-on-year, however.Production at Steppe Cement’s Karaganda cement factory in central Kazakhstan ran at 85% of capacity last year. It said that Line 5 produced 938,074 tonnes of cement last year because of two planned maintenance stops. Line 6 recorded output of 707,670 tonnes, meanwhile, in line with guidance.Looking ahead, Steppe Cement said “the market demand in 2021 seems strong despite the effects of Covid-19 temporary lockdowns”. However, the business expects demand growth in Kazakhstan to cool from last year’s levels. It predicts an increase of between 2% and 4% “as oil prices have recovered and the government stimulus packages continue.”The company is expecting total production at its Karaganda asset to rise to 1.75m tonnes in 2021.Steppe Cement’s profits grow despite revenues dropSteppe Cement’s lower volumes in 2020 caused total revenues to drop 6% year-on-year to $74.8m. Still, this didn’t derail strong profits growth at the business and on a pre-tax basis these rose 14% to $11.1m.This was also despite a 3% drop in average selling prices, to $45.40 per tonne. Steppe Cement’s cost of production per tonne fell by the same percentage from 2019 levels thanks to lower electricity and coal costs. General and administrative costs rose by $600,000 year-on-year to $6.2m because of higher provision for doubtful debts and the withholding of $400,000 of tax on transfers from its Karcement arm to the holding company.Capital investment at the company slowed in 2020 and Steppe Cement spent less than $1m in total. This reduced spending was directed towards packing improvements and steps to reduce power consumption. The reduction was due to “Covid-19 restrictions mostly during the summer of 2020,” which meant the company didn’t have a full complement of engineers.Steppe Cement has targeted capital investment of $3m in 2021 to make up for the lower expenditure last year. It expects maintenance capital expenditure to fall from 2020’s levels of $2m too. This is why the Steppe Cement share price has slumped 14%! 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More Aus Fundraising

Howard Lake | 8 February 1999 | News About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Givewell has established a charity research site in Australia providing profiles on over 200 of Australia’s major charities. Givewell has established a charity research site in Australia providing profiles on over 200 of Australia’s major charities. It is a useful resource for researchers and grantmakers who receive applications from Australian-based organisations. It publishes a number of surveys on giving: its two reports for January 1999 cover “Who Finances Australia’s Charities?” and “The Ethics of Accountability for Australian Charities.” Givewell claims it is the first organisation in Australia to provide a comprehensive research service for informed giving. Their aim is “to play a key role in fostering a better culture of giving in Australia. We do this by conducting research on charities and generating ideas on better ways to give.” Advertisement More Aus Fundraising AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis  18 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis

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