ITC and CDB announce scaled-up partnership

first_img Oct 12, 2020 Aug 25, 2020 30 July, 2018, Bridgetown/Geneva (Caribbean Development Bank Press Release)  – The International Trade Centre (ITC) and the Caribbean Development Bank (CDB) have announced that they are scaling up their partnership to strengthen support for businesses across the Caribbean region. The announcement was made by CDB President, Dr.  and ITC Executive Director, Arancha González during a meeting at CDB’s headquarters in Bridgetown, Barbados on July 27. During the meeting, Smith and González signed a partnership agreement, which confirms ITC as one of CDB’s key partners for the implementation of trade-led development projects in the Caribbean Region. While having collaborated on a number of projects for several years, it is the first time that the two organisations have formalised a partnership agreement. “This agreement represents the ITC and CDB’s shared vision for sustainable economic development in the Bank’s Borrowing Member Countries. Through this framework, we look forward to working collaboratively with ITC to implement innovative projects that will boost competitiveness and productivity, especially for micro, small and medium-sized enterprises,” said Dr. Smith. Aug 31, 2020 Belize economy contracts by 23.3% – CARICOM Business… LIAT to Resume Operations in November? – CARICOM… You may be interested in…center_img Chairman of CDB’s Board of Governors, PM Keith Mitchell, pays official visit to Bank’s HeadquartersJune 23, 2017, BRIDGETOWN, Barbados – Dr. The Right Honourable Keith Mitchell, Prime Minister of Grenada and Chairman of the Board of Governors of the Caribbean Development Bank (CDB), on Friday urged the institution to continue playing a role in accelerating the implementation of the development agenda for the Caribbean.  “Together,…June 25, 2017In “Barbados”CDB President announces up to US$800M for disaster recovery, amid strong Bank performance in 2017February 7, 2018, BRIDGETOWN, Barbados – President of the Caribbean Development Bank (CDB), Dr. Wm. Warren Smith, today announced that the institution is making USD700 to 800 million (mn) available to help Borrowing Member Countries (BMCs) recover from the impact of the 2017 Atlantic Hurricane Season. The funding, which the Bank is…February 7, 2018In “CARICOM”International Trade Centre: A Remarkable Jamaican AchievementJamaican nationals have recorded a remarkable achievement at the International Trade Centre (ITC) located in Geneva, Switzerland.  The United Nations (UN) Secretary General, António Guterres, last week announced that he had appointed Jamaican national, Mrs. Pamela Coke Hamilton, ITC Executive Director. Her appointment will be initially for 3 years. What…July 29, 2020In “Indepth”Share this on WhatsApp Cruise Ships Banned Until 2021- CARICOM Business News Aug 17, 2020 Guyana Waives Banking Fees for Rest of 2020 – CARICOM… ITC Executive Director, Arancha González said: “CDB has a track record of investing in projects that have an impact on people and businesses across the Caribbean. With this agreement ITC and CDB will be able to ensure that more micro, small and medium-sized enterprises are empowered to realise their potential and tap into regional and global value chains.” As a first step in the new partnership, the two organisations will explore and identify priority sectors and priority countries for interventions. Previous collaboration between ITC and CDB has resulted in successful projects in several countries and has covered areas including agriculture. One such example is the creation of a Trade Information Portal for The Bahamas, which has enabled exporters to better take advantage of opportunities in foreign markets. Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… last_img read more

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Gastech: Unprecedented Opportunities in LNG Shipping

first_img[mappress]Source: Gastech, March 25, 2014 Delegates to Gastech 2014 were told that there were enormous growth opportunities with the development of new technology and improved safety measures. “Today’s growth is completely unprecedented,” said Andrew Clifton, General Manager for the Society for International Gas Tanker and Terminal Operators. “We have more ships and terminals than ever before, and we currently have 400 vessels with over 100 more on order,” he said. “Within 3 to 4 years, we’ll have a fleet of over 500 LNG vessels in service. It’s certainly worth mentioning that, as recently as 1997, there were only 100 vessels in service.”Tamunoiyala Koko, Team Leader – Halifax for Lloyd’s Register, presented his risk assessment for LNGC ships transiting through the Panama Canal after the Panama Canal expansion project, which will accommodate most of the world’s LNG fleet and larger ships, and is expected to be completed in July 2015. “The HAZID project takes into account all credible scenarios and accidental evidence such as human error, mechanical failures, communications errors, extreme weather, and other possibilities,” Koko said. These incidents can result in possible LNGC ship grounding, and collision with other passing ships, including large vessels. The study was carried out from February 28 to March 2, 2012, looking at up to 170,000 cubic meter capacity ships with an estimated 100 LNG vessel transiting through the Panama Canal each year once the expansion is completed. “All of the scenarios considered had at most a medium risk,” he said. This risk is acceptable if sufficient controls are in place, according to the study. For 7 out of 11 medium risk hazards, no additional controls were necessary.KH Joh, Principal Engineer at Samsung Heavy Industries, introduced his company’s new membrane-type cargo containment system for LNG tankers, which has received approval in principle and general design approval from classification societies. The new design includes a reinforced corrugated primary membrane and more robust secondary membranes made of stainless steel for improved containment system integrity. The structural capacity for the sloshing load is enhanced, reducing the cargo filling limit. The new system will “increase the transportation efficiency” and “improve operational flexibility” for LNG carriers and offshore floating vessels, Joh said.Choi DongKyu, Deputy Director and Head of the Energy System R&D Team at Daewoo Shipbuilding and Marine Engineering, discussed MEGI propulsion for LNG carriers, calling it an attractive way for achieving high fuel efficiency. “The system minimizes the conversion loss since the MEGI engine directly drives the propeller without any energy conversion. Despite its higher fuel efficiency, the system does have a disadvantage, requiring high pressure for fuel gas,” he said. Some amount of BOG must be left in the tank because of the low fuel consumption of MEGI consumption.Delegates who opened the Gastech 2014 technical stream conference on Tuesday morning paid their respects to Robert J. Lakey, Gastech’s longest-serving chairman, who passed away this year.last_img read more

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